Global insight
AISI: US domestic raw steel production in the week ending on July 2, 2022
In the week ending on July 2, 2022, domestic raw steel production was 1,767,000 net tons while the capability utilization rate was 80.9 percent. |
Shell & AMG Recycling, UCI and Aramco to build plant to produce vanadium pentoxide from products of oil refining
Shell & AMG Recycling, UCI and Aramco to build plant to produce vanadium pentoxide from products of oil refining |
Merafe says third-quarter ferrochrome price 16.7% lower q/q
JSE-listed Merafe Resources has informed shareholders that the European benchmark ferrochrome price for the third quarter has been settled at $1.80/lb. |
Guinea halts Simandou iron-ore project work again
Guinea's mines minister has ordered all work related to the Simandou iron-ore mine project halted after the two companies involved missed an extended deadline to agree on a joint venture, a letter seen by Reuters showed on Monday. |
Reserve Bank of Australia:Monetary Policy Decision to increase the cash rate target by 50 basis points to 1.35 per cent
Reserve Bank of Australia:Monetary Policy Decision to increase the cash rate target by 50 basis points to 1.35 per cent |
Transnet to unlock 800kt/y in chrome ore exports after signing rail deal with Mozambique
Transnet to unlock 800kt/y in chrome ore exports after signing rail deal with Mozambique |
Iron-ore tumbles as recession fears fuel commodities selloff
Iron-ore and steel prices tumbled on Friday as prospects of a sharp global economic downturn fanned fears of a slump in demand for commodities, despite signs of a rebound in manufacturing activity in top metals consumer China. |
Australian resources exports to set new records
Australia’s resource and energy export earnings are estimated to be worth A$405-billion in 2021/22, and are forecast to rise to A$419-billion in 2022/23, delivering two successive record years, the Office of the Chief Economist reported on Monday. |
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