The London Metal Exchange (LME) does not plan to launch a separate “green” nickel contract because the market is not large enough, but said its partner was developing an index price that will reflect demand for low carbon nickel.
According to a statement released by the Turkish Steel Producers'Association(TCUD), in January this year crude
steel production in Turkey increased by 24.7 percent year on year to 3.2 million mt
Indonesia, the world’s largest nickel exporter, has a sobering message for struggling producers of the battery metal elsewhere: don’t expect any meaningful revival in prices.
And the EAF will only enable the company to produce around 2.5mn t/yr of hot-rolled coil (HRC), impacting Tata's downstream operations, union sources suggest, citing information from consultancy Syndex.
UK-South African mining firm Anglo American will integrate the Serra da Serpentina iron ore resource, owned by Brazilian producer Vale, into its nearby Minas Rio operations in Brazil.