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Steel: market rally on supply concerns
The global steel market has continued to rally over the past month, after disruptions to pig iron supplies in Ukraine and Russia led to a surge in raw material costs. Pig iron is one of the key raw materials in steel production, and Russia and Ukraine are both key...
Steel: Germany reduces production in the first quarter
German steel mills' crude steel production in the first three months was 9.8 million tonnes, 3.7% lower than in the first quarter of 2021. In the first quarter of 2021, the steel industry started to recover from the low of the first wave of coronavirus in 2020. Q1...
Copper: Los Pelambres expansion to cost Antofagasta more than expected
Chilean miner Antofagasta has reported that the ongoing expansion of its flagship Los Pelambres operation at home will cost $2.2bn, up from the previous estimate of $1.7bn. The revised figure represents a 30% increase from estimated costs in 2021 and a 70% jump from...
Copper: Peru declares state of emergency
Peru has declared a state of emergency near Southern Copper Corp's Cuajone copper mine, as protests have led the Andean nation to halt 20 percent of its copper production. Operations at Cuajone were suspended on 15 March after residents of a nearby community shut off...