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Cobalt: Indonesia emerges as a powerhouse due to increased demand
Demand for cobalt is set to more than double by 2030 to 388,000 tonnes due to the rise of the electric vehicle (EV) sector. According to the agency's Benchmark report of 10 May, commissioned by the Istanbul, Turkey-based Cobalt Institute, the outlook implies a...
Italy’s first DRI production plant will start up in 2026
Franco Bernabe, chairman of Acciaierie d'Italia and president of DRI D'Italia said that Italy's first direct reduction ironmaking plant will probably start up in 2026. "We are making the preliminary selection of the technology to be used for the DRI and in July we...
IREPAS believes that scrap should stay in Europe
The International Rebar Exporters and Producers Association (IREPAS) released a report of a recent meeting in which officials of the trade group appeared to argue that Europe should limit scrap exports and predict that European ferrous scrap will soon all be needed...
Italian steelmaker Feralpi on the hunt for banks to organise an IPO
Italian steel group Feralpi is sounding out investment banks to organise a possible initial public offering (IPO), according to market sources. In early April, Reuters reported that family-owned Feralpi was working with consultants Lazard on strategic options,...