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Iron ore: ArcelorMittal’s refining hampered by war in Ukraine
Russian forces continue to launch missile attacks against Ukraine's cities and energy networks. So far, the destruction has prompted at least one steel mill and one iron ore producer to reduce their production levels. Longtime integrated producer ArcelorMittal Kriviy...
Aluminum: prices flex as Fed tightening portends weaker economy
Aluminum prices are set to end the week down nearly 6 percent (€/bloomberg quotes) and -3.89 percent on 8 p.m. dollar closings, as fears of a rapid rise in U.S. interest rates dampened economic growth prospects and demand for metals. Stock markets fell, U.S. 10-year...
Ssteel rebar : Italian prices down
Weak demand and a pessimistic outlook from market participants continued to stifle activity in the Italian rebar market in the week to Thursday, Oct. 20. Sluggish demand and pessimism about the demand outlook for the rest of 2022 led to minimal trading in the Italian...
Copper: nearly unbridgeable gap between demand for green energy and mining supply
The need for new copper supplies over 10 years is estimated at 9.7 million tons, from projects that have not attracted sufficient investment, have not been approved by the boards, or have not received the necessary government and environmental permits, to meet the...