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Nickel: will there be enough metal for electric vehicles by 2030?
Demand for nickel increases with the shift to electric vehicles. Nickel prices have been very volatile during 2022. On March 8, 2022, the metal surpassed $100,000 per ton before the London Metal Exchange halted trading, something that has never happened in the nickel...
Copper: Antofagasta predicts global supply shortage this year with volatile prices
Chilean mining company Antofagasta expects a very volatile copper market with a slight supply shortage this year, the company's CEO told Reuters, adding that any unforeseen production shocks would drive up the metal's price. Speaking at the CRU World Copper Conference...
Steel: expectations for consumption in Brazil in 2023 have fallen
Brazilian steelmaker IABr said apparent steel consumption in Brazil is expected to stand at 23.2 mln tons, down 1 percent from last year. Previous forecasts indicated an annual increase of 1.5 percent. IABr President Marco Polo de Mello Lopes said in a statement that...
Special steel: Indian ministry signs agreements with 27 companies for 25 mln ton capacity
A statement issued by Indian Steel Minister Jyotirditya Scindia says the ministry has signed 57 agreements with 27 companies to create a total capacity of 25 mln tons of specialty steel with an investment of $3.66 billion over the next five years. Through the...