Week in Review: A Russian Billionaire, Section 232, Trade Policy and Critical Minerals
Before we head into the weekend, let’s take a look back at the week that was and the stories here on MetalMiner:
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- Our Stuart Burns writes about the announcement of Russian billionaire Oleg Deripaska’s decision to step down as CEO of Rusal and En+ Group.
- A revival is underway in the Indian steel sector, writes Sohrab Darabshaw.
- Burns touched on the Section 232 aluminum probe and the potential outcomes. (Since then, CNN reported yesterday that Trump said the U.S. will impose 10% tariffs on aluminum imports.)
- Norwegian firm Norsk Hydro put in a bid for Rio Tinto’s aluminum plant in Iceland.
- The Department of Commerce issued a final affirmative ruling on aluminum foil imports from China; the case now moves on to the U.S. International Trade Commission for final consideration.
- How are steel imports doing so far this year? In short, they were up in January.
- According to its preliminary results, Glencore’s 2017 EBITDA jumped 44% from the previous year.
- The U.S. Department of the Interior is looking for public comment with respect to a recently drafted list of what have been deemed “critical” minerals.
- In the world of trade deals, the United States Trade Representative sent Congress an annual mandated report on the administration’s trade policy agenda.
- A Supreme Court decision in India has proven unpopular with a mining state.
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