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Aurubis raises annual profit forecast due to strong demand
Aurubis AG, Europe's largest copper producer, on Thursday confirmed an improved underlying profit forecast for the current financial year, as it expects the strong trading environment and demand momentum to continue. Aurubis confirmed an operating profit before tax...
Lithium: Allkem and Livent merge to create the world’s third largest mining hub
Lithium companies Allkem Ltd and Livent Corp are shaking up the industry with a merger that will see them become the world's third-largest producer of the key metal used in batteries that power electric vehicles and high-tech devices, in terms of annual production...
Steel: production slows down in the EU
Production growth in the EU steel sectors is expected to slow to 0.3% year-on-year in 2023, following 3.1% growth in 2022, before accelerating to 2.3% in 2024. Construction and pipes will be the main drivers this year, while automotive will be the only strong point....
China imports: stainless steel down, iron ore and coal up
China imported 123.300 tons of stainless steel in March, down 34.1% month-on-month and 48.6% year-on-year, while it exported 340,400 tons of stainless steel, down 38.1% month-on-month and 8% year-on-year. In March, China's net export tonnage was 226,100 tonnes, up...