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"The Covid inflation shock is over for PPI," said Ian Shepherdson, chief economist at Pantheon Macro. "The Fed does not need to hike further."

Australian producer Whitehaven Coal expects the federal government's carbon-mitigation safeguard mechanism to cost the firm around A$1/t ($0.68/t) in 2023-24.

EU hot-rolled coil (HRC) imports increased sharply in May, according to Global Trade Tracker data, with all major suppliers lifting cleared volumes.

The global nickel market had a surplus of 11,900 metric tons in May, compared with a surplus of 13,900 tons in the same month last year, data from the International Nickel Study Group (INSG) showed on Tuesday.

Kazakhstan-UK Business Forum Facilitates Investment Partnerships in Mining, Critical Minerals

The tender result slightly exceeded initial expectations, which ranged between ¥49,000-49,500/t fas, but was still in a reasonable range if the buyer needs the volume, a Japanese trader said.

Liberty Steel has won the bidding process for Hungarian steelmaker Dunaferr.

Glencore has struck a deal to buy the outstanding shares of PolyMet Mining, gaining full control of a mine development company that holds a 50% stake in a copper and nickel joint venture with Teck Resources.