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Vietnamese steel mills record biggest losses ever
The country's major steel mills posted their biggest loss ever in the third quarter of the year due to low sales, rapidly falling prices and high inventories. The country's largest steel producer, Hoa Phat, posted an after-tax profit of VND1.79 trillion ($72 million),...
Metals: pressure increases on LME to ban Russian product
The London Metal Exchange is reportedly struggling over how to handle the supply of metal from "sanctioned" Russia. Their concerns continue to be heightened by the fact that some nations, led by China, continue to be interested in buying Russian stocks. Following...
Brazil’s newly elected president Lula promises greener mining
A new Brazilian government under President-elect Luiz Inácio Lula da Silva could mean greater environmental responsibility. Former leftist Brazilian President Lula was elected Sunday for a third presidential term, winning over far-right incumbent Jair Bolsonaro. "In...
China real estate slump continues with prices falling in October
China's real estate market continued to slump in October, with private data showing a drop in home prices and sales, suggesting a lack of confidence and a gloomy outlook amid tight COVID restrictions that have hit consumer confidence. China's real estate sector, once...