Loading
The drop in Chinese imports is weighing on construction and steel prices
In total, Chinese imports into the US fell 7.9% compared to August 2022, with buyers purchasing steel encouraged to sideline other sources outside China in case sourcing from the country of the dragon becomes impossible. China's economic recession and ongoing trade...
Pig iron: Brazil’s exports increased in August
Brazilian pig iron exports increased to 427,100 mt in August this year, up from 379,000 mt in the previous month. Shipments amounted to 367,400 tonnes at $445/mt FOB to the US, 55,400 tonnes at $477/mt FOB to the Netherlands, 3,300 tonnes at $459/mt FOB to Asia, 600...
Copper: Chinese CMOC will increase production in Congo after ending dispute with Gecamines
Chinese group CMOC will increase its copper production in the Democratic Republic of Congo (DRC) to 600,000 tonnes next year, after recently agreeing to end a dispute with state-owned miner Gecamines. The Chinese company said it is increasing production at Tenke...
Antofagasta loses bid to revive Minnesota’s copper-nickel project
A US judge has rejected a request by a subsidiary of Chilean mining company Antofagasta Plc to reinstate cancelled mining permits for a $1.7 billion copper-nickel mine in Minnesota, which the Biden administration blocked over fears it could pollute a major waterway....