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Is China losing the race for rare earths?
China's economic recession of 2023 has significantly changed the production and cost of rare earths. In July 2023, China saw the cost of rare earths drop to the lowest level since November 2020. The price of praseodymium-neodymium alloy also fell to $73.50 per...
Aluminum: key points of the global industry (August 2023)
In August 2023, the global aluminum industry saw some significant developments, with LME prices hitting new one-year lows at $2,115/mt while the SHFE price recorded growth. Forecasts for the second half of the year point to a recovery in aluminum demand, with global...
Steel: Tata Steel UK is discussing switching to EAF
Indian steelmaker Tata Steel and its London-based business unit Tata Steel Europe Ltd. are reportedly trying to reach an agreement whereby the UK government would provide around $630 million in funding to enable its blast furnace/basic oxygen furnace (BOF) complex in...
Copper: prices settling due to rising stocks
Copper prices are in a settling phase, following the formation of new lows on 17 August, weighed down by rising stockpiles on the exchange and concerns about demand due to poor economic data from China, the main consumer. Three-month copper on the London Metal...