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Ongoing downturn in the German steel industry

German steel industry is in a concerned condition due to the ongoing decline in production, with steel production in the country predicted to be one of the slowest years on record.

Thursday, January 4, 2024

EU steel decarbonization may outstrip iron ore pellet supply, encourage innovation

The IIMA forecasts a gap in 2033 of around 34 million mt in DR-grade iron ore pellets factoring in demand growth from global DRI plants, in a November presentation.

Wednesday, January 3, 2024

Agnico Eagle invests $17 million for 12% of Canada Nickel

Agnico Eagle Mines (TSX: AEM; NYSE: AEM) has made a C$23.1 million ($17m) investment in the recent flow-through offering from Canada Nickel Company (TSXV: CNC), acquiring 19.6 million units at a price of C$1.18 per unit. This gives Agnico a non-diluted equity ...

Wednesday, January 3, 2024

China Baowu signs agreements to acquire Shandong Iron and Steel Group

China Baowu Steel Group Corporation on Thursday signed investment agreements with the Shandong provincial government on the takeover of the state-owned Shandong Iron and Steel Group Co Ltd.

Tuesday, January 2, 2024

China, Indonesia communicating over chemical plant blast

Foreign Ministry spokeswoman Mao Ning confirmed on Wednesday that the explosion at a Chinese-owned plant on Indonesia's Sulawesi Island had killed 18 people, including eight Chinese citizens, and injured dozens.

Tuesday, January 2, 2024

Steelmaking deal aimed at better welding Japan to Washington's geopolitical strategy

The proposed purchase of US Steel by Nippon Steel has made a big splash since it was disclosed last week.

Tuesday, January 2, 2024

Eramet, Vibrantz ink manganese ore supply agreement for Mn-based battery techs

French mining firm Eramet and American chemical coatings company Vibrantz Technologies announced a 10-year supply agreement for manganese ore late last month,

Tuesday, January 2, 2024

Aneka Tambang sells shares of subsidiaries to world’s biggest EV battery company

Indonesian miner Aneka Tambang has sold shares worth $467.18 million in two of its subsidiaries to a unit of the world’s biggest electric vehicle battery maker, China’s Contemporary Amperex Technology Co (CATL).

Tuesday, January 2, 2024
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