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Germanium: Congo aims for 30% of global production with new plant
A newly built plant in the Democratic Republic of Congo (DRC) aims to produce 30 per cent of the world's germanium, potentially mitigating China's dominance of the metal used in electronics and solar cells. According to the Critical Raw Materials Alliance, China...
HRC steel: European producers reluctant to cut prices again due to rising costs
European hot rolled coil (HRC) prices partially stabilised on Thursday, 5 October, despite the slowdown in demand, but a further cut is unlikely due to rising production costs. HRC Hot Rolled Coils - Northern Europe prices stood at €612/mt on 5 October, but trading in...
Italian distributors rule out price collapse despite slowing growth
Italian steel distributors and service centres claim that product values will 'inevitably fall' if the current level of demand and small volume sales continue in the fourth quarter. 'There is a lack of volumes. Our customers continue to order the minimum quantity...
Buenaventura stops mining in Peru due to permit delays
Buenaventura, Peru's largest listed precious metals producer, has suspended its Colquijirca Tajo Norte zinc-lead-silver mine for up to three years due to permit delays. The approval of a modified environmental impact study for the mine's processing plant has been...