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Copper: price rebounds as investors regain some risk appetite
The copper price rose Tuesday along with other industrial metals and oil, with investors, weighing the impact of the omicron coronavirus variant on economic growth, becoming a bit more bullish after two days of selling. Copper prices are still up about 20% in 2021,...
Lithium: Rio Tinto invests $850 million in a project in Argentina
Rio Tinto is expanding its lithium ambitions beyond the Jadar project in Serbia by agreeing to buy the Rincon project, located in the heart of the lithium triangle in Argentina's Salta province. The $825 million acquisition comes as analysts warn of an impending and...
Steel: recent Chinese EAFs account for more than 50% of new production capacity
China's giant steel industry is going through a crucial consolidation phase. In November 21, 18 steel capacity replacement plans were published, involving nearly 20 million tons of steel production capacity and over 21 million tons of iron production capacity. The...
Steel: the new year will bring a new tax for Russian producers
Russian mining and steel companies are looking forward to the new year to end the 15% duty on steel exports, but the benefits will be curtailed by a blow from a new tax system, designed by the Russian government to tap deeper into metal companies' earnings when market...