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The Impact of Geopolitical Dynamics on Metal Supply Chains: The Bank of America Report
In a recent report, Bank of America (BofA) delved into the complex geopolitical dynamics that are impacting global metals supply chains. Central to the discussion is China's predominant role in the green technology sectors, which has created a near monopoly position...
Copper: Southern Copper’s Tia Maria project to be launched in Peru
Southern Copper's long-stalled Tia Maria project in Peru is expected to be started up by the end of the year or in the first half of 2025, a senior company executive said, marking a major step forward for the $1.4 billion mine. Raul Jacob, vice-president of finance at...
HRC steel: stable prices in a quiet market
European hot rolled coil (HRC) prices remained broadly stable on Monday, 20 May, with almost no trade due to public holidays in several EU states. Northern European steel mills tried to keep spot prices high ahead of negotiations with the automotive industry for the...
Steel and Aluminium: Department of Commerce Announces Review of Section 232 Tariff Exclusion Process
The US Department of Commerce's Bureau of Industry and Security (BIS) published a final rule on 17 May revising the Section 232 exclusion process for steel and aluminium imports. The changes, which will take effect on 1 July 2024, aim to refine the framework under...