Gold is gleaming brighter than ever all across the globe, though some would say the shine is even more intense in India and China. Still, wherever one looks, precious metals prices continue to set new records with each passing day. India has seen gold prices increase by over 19% so far in 2024 as compared […]
Sohrab Darabshaw
India’s Retaliatory Steel Tariffs Could Shake EU Steel Market
Steel industry experts continue to watch India closely. In the latest steel news from the subcontinent, the country plans to introduce retaliatory tariffs on certain European Union steel imports. This comes after an unresolved trade conflict over the EU’s safeguard measures on steel products. In a notification to the World Trade Organization, India announced plans […]
Antimony and Tungsten: Is China’s Export Crackdown a Response to Global Trade Pressures?
For many years, most of the world has looked at China with some degree of trepidation where critical minerals are concerned. The reason? China currently produces about 60% of the world’s all-important rare earth metals and is responsible for roughly 90% of the refined rare earths available on the market. Now, there’s something more to […]
Trade War Heats Up: India Targets China with Heavy Aluminum Foil Duties
This week brought news of one more anti dumping proposal against China. This time around, a department under India’s Ministry of Commerce and Industry proposed imposing an anti dumping duty on the imports of Chinese aluminum foil. This follows multiple complaints by members of the domestic aluminum industry regarding cheap foil flooding the market. Aluminum […]
Has China Lost its Grip on the Global Steel Industry?
Amidst continuing reports of an economic downturn with little or no sign of improvement now comes a report that the Chinese Government has suspended the system allowing approval of new steel plants. It is a move that could have significant implications for the Chinese steel industry and global steel manufacturing as a whole. According to […]
China’s Steel Dumping Finally Under Global Scrutiny
China’s direct dumping of steel in foreign markets and indirect dumping via proxy countries are finally under the global lens. According to the Malaysian Trade Ministry, the country recently launched an investigation into whether or not to impose anti-dumping duties on flat-rolled iron or non-alloy steel products imported from China as well as India, Japan […]
Iron Ore Prices Sink Below $100 as China’s Steel Mills Face Crisis
Iron ore prices hit the headlines again after dipping below the psychological barrier of US $100 per ton this Monday. It was the fourth time it crossed the threshold in a fortnight. This recent drop was nearly 30% below iron ore’s peak of $144 a ton, which it achieved in January this year. As a […]
Europe’s Answer to China’s Rare Earth Monopoly
Rare earth elements and semiconductors have taken on that critical national development role once occupied by oil and petroleum products. Despite the ongoing U.S.-China competition, the latter country controls a full 90% of the global rare earths supply, transforming these elements into potential political weapons. With regard to semiconductors, China’s Civilian-Military Integration Strategy aims to […]
Global Steel Prices Plunge as China Floods Market with Excess Supply
Would it be an exaggeration to say that the world’s steel narrative is unfolding in China? Everywhere one looks, there are steel industry experts complaining about Chinese steelmakers unloading their excess steel products. Take this report published at nikkei.com, which predicts that China could end the calendar year with a record-high export total, somewhere over […]
Will China’s Latest Rare Earths Finds Set the Stage for Tech Domination?
Chinese geologists recently discovered two new minerals – oboniobite and scandio-fluoro-eckermannite – at Inner Mongolia’s Bayan Obo, the world’s largest rare earths mine. According to media reports, the discovery was a joint effort by the CAS Institute of Geology and Geophysics, Inner Mongolia Baotou Steel Union Co., Ltd., Baotou Research Institute of Rare Earths, and […]