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China insight

India’s steel imports shoot up to 7 mt; highest in recent years

India’s steel imports shoot up to 7 mt; highest in recent years

Wednesday, April 26, 2023

LME brokers see big gains in 2022 from volatility after nickel debacle

April 24 (Reuters) - Most brokers and banks trading on the London Metal Exchange (LME) had a bumper year in 2022 in a highly-volatile market, but a provision by JP Morgan due to a nickel crisis weighed on its profits, according to results and industry sources.

Wednesday, April 26, 2023

GM and Samsung partner to build a new battery factory in the US

GM and Samsung SDI have announced that they are partnering to build a new battery cell factory in the US to power GM's electric vehicles.

Wednesday, April 26, 2023

CME Group not planning to launch nickel contract to rival LME

CME Group Inc, the world’s largest derivatives exchange, is not planning to launch a nickel contract to rival the London Metal Exchange (LME), Terry Duffy, chair and chief executive of the group, told the Financial Times on April 24.

Tuesday, April 25, 2023

Horizonte: nickel project at Brazil closer to beginning production

Horizonte Minerals said on April 24 it was on track to begin production at its Araguaia nickel mine in northern Brazil in the first quarter of 2024.

Tuesday, April 25, 2023

Wyloo tightens grip on nickel explorer Mincor

Wyloo Metals Pty Ltd., a privately-held mining company owned by Australian billionaire Andrew Forrest, has secured control of nickel and gold explorer Mincor Resources (ASX: MCR) by locking in a 51.24% interest.

Tuesday, April 25, 2023

Glencore: Production of nickel was 20,900 tons in 2023 Q1

Recently, Glencore announced its Q1 report. Q1 nickel production decreased 9,800 tons year-on-year to 20,900 tons, down 32%.

Monday, April 24, 2023

WSA: Global steel demand is expected to grow by 2.3% in 2023

The World Steel Association (worldsteel) has today released its Short Range Outlook (SRO) steel demand forecast for 2023 and 2024. Worldsteel forecasts that this year, demand will see a 2.3% rebound to reach 1,822.3 Mt. Steel demand is forecast to grow by 1.7%...

Thursday, April 20, 2023