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Steel: Chinese billet imports plummet 31% year-on-year
China, the world's largest steel producer, witnessed a decline in billet imports in 2021. Volumes stood at 11.97 million tons during the period under review, a 31% drop from 17.35 million tons in 2020. Chinese billet imports rose in 2020 on strong demand as a result...
Copper: Rio Tinto and Mongolia settle dispute over Oyu Tolgoi mine
Rio Tinto Plc and the Mongolian government have reached an agreement to end a long-running dispute over the $6.93 billion expansion of the Oyu Tolgoi copper-gold mining project. The agreement marks a positive development for the Anglo-Australian mining giant, which...
Aluminium: Hydro Energi enters into a contract with Hafslund Eco Vannkraft AS for the supply of energy
According to a recent report, Hydro Energi AS, part of the power generation, transmission and distribution industry, has entered into a new long-term power purchase agreement (PPA) with Hafslund Eco Vannkraft AS for a supply of 1300 GWh during 2023-29. The PPA will be...
Steel: Chinese stocks rise marginally on thin demand
Inventories of the five main carbon steel products, including rebar, wire rod, hot-rolled coil, cold-rolled coil, and medium plate began to rise again from Jan. 13 to Jan. 19, after briefly declining the previous week, due to further contraction in domestic demand...