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Copper: protests in Peru disrupt mining activity. Las Bambas and Antapaccay most affected
Peru's major copper mines are beginning to feel the brunt of protests and blockades in the country's southern Andes, energy data reviewed by Reuters shows, with Chinese-owned Las Bambas and Glencore PLC's Antapaccay currently the hardest hit. The South American...
Steel: Chinese supply and demand expected to remain stable
As He Wenbo, CEO of the China Iron and Steel Association (CISA), stated at the sixth CISA General Assembly held in Beijing on 13 February, there are a number of developments that will define the steel industry in 2022. Firstly, crude steel production and steel...
Gold: Indian imports plummet 76% to 32-month lows
India's gold imports collapsed 76% year-on-year in January to a 32-month low, due to weak demand after domestic prices soared to record highs and as jewellers postponed purchases, hoping for a reduction in import duties. Falling imports from the world's second-largest...
EU economy will avoid recession this year despite persistent unfavourable conditions
According to the European Commission's Winter Economic Forecast 2023, economic growth forecasts for the EU and the euro area for this year have been revised upwards to 0.8% and 0.9%, respectively. These rates are respectively 0.5 and 0.6 points higher than in the...