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Coal: the EU’s fifth sanctions package proposes a ban on imports of the Russian product
The European Union has proposed a fifth package of sanctions on Russia for its invasion of Ukraine, including imposing a ban on imports of Russian coal, worth €4 billion ($4.4 billion) a year. This will cut off another important source of revenue for Russia. The...
Aluminium: Vedanta cuts prices for the second time in the new fiscal year
Vedanta limited has cut its prices of aluminium ingots and products for the second time in a row in the new financial year 2022-23. With effect from April 5, the company has cut the selling price of aluminium ingots by INR 4,250 (€51) per tonne or 1.4% to INR...
Ferrous scrap: Benelux price falls due to weak exports
Scrap prices in the Benelux fell on Monday as expected demand in the main export market, Turkey, failed to materialise. Turkey's purchases are slower than expected. Benelux scrap exporters' demand for material from local producers is also weak. European prices for...
Iron ore: price rises despite Chinese holidays
Iron ore prices continued to rise on Monday. Despite the Chinese holiday and ongoing closures, markets remain optimistic about future government support. On the Singapore Exchange, May 62% Fe futures settled up $2.41/tonne at $163.75/tonne, while the same contract for...