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China lays the groundwork for a reaction against the EU CBAM
China is consolidating broader support against the EU's border carbon adjustment mechanism (CBAM), and has proposed multilateral talks at the World Trade Organisation (WTO) on the rationale and impact of this policy as one way forward. Beijing expects its proposals to...
Copper: mining companies squeezed by lower prices and higher labour costs
Major North American copper miners are expected to report a decline in second-quarter profits as global growth concerns dented realised prices for the red metal and labour costs remained high. According to data from Refinitiv, Freeport-McMoRan, Southern Copper and...
Crude steel: Italian production increased by 0.7 per cent in June
Italian crude steel production decreased slightly in June compared to 1.99 million tonnes in May. According to the latest update released by Federacciai, the Italian federation of steel companies, Italy produced around 1.908 million tonnes of crude steel in June, up...
Fincantieri open to closer strategic cooperation with Thyssenkrupp
Italian shipbuilder Fincantieri is interested in closer cooperation with partner Thyssenkrupp, which is looking to divest its warship division TKMS. The two companies already have a long-standing collaboration in submarine construction and have discussed strategic...