China and Australia appear to have finally moved away from each other. The relationship turned frosty after China imposed an “unofficial ban” on Australian coal imports back in November, 2019. At the time, many speculated that China would suffer more. But steel prices have held steadier as well. The dispute started between sometime in 2019 […]
Sohrab Darabshaw
China’s land and expand plan to source critical metals and materials globally
In 1953, China spelled out its 1st “Five-Year Plan”. The strategy involved maximizing the nation’s control over exploration, production, and exports of natural resources. Based upon all available indicators, the country seems to have succeeded in “extending” that plan around the globe. News out of China earlier this week confirmed this fact. Ecuadorean President Guillermo […]
Indian aluminum supply under threat from coal crisis
In spite of India’s coal supply crisis easing up a bit, the country’s aluminum sector has pressed the panic button. The industry has alleged that low coal stocks threaten supply of the metal. The Aluminium Association of India (AAI) voiced this concern in a representation to the Indian Ministry of Coal last week. The AAI […]
How a potential Russian incursion can impact metals markets
Metals experts and analysts from around the world have reacted to the on-going Russia-Ukraine tension by saying any escalation would have a negative impact on global metals markets. The continued geopolitical worries have raised the possibility of new sanctions on trade with major Russian metals producers. This could further squeeze the tight aluminum, copper and […]
China steel production drops with pollution curbs
The Chinese National Bureau of Statistics has reported that China’s crude steel output fell by 3% to 1.03 billion tons in 2021a. This marks its lowest level since 2016. China remains the largest steel-producing country in the world. The production downturn brought on by curbs imposed to fight pollution, and a drop in steel prices […]
On the heels of COP26, India aims to expand renewable energy projects
In line with India’s commitment at the COP26 summit in Glasgow last year, the country aims to reach net-zero by 2070. Furthermore, India seeks to meet 50% of its energy needs by 2030 through renewable sources and expand non-fossil fuel power generation capacity to 500 GW in this decade. In light of these targets, the […]
India aims to move up steel value chain under specialty steel scheme
India is trying to save some export bucks in the new year where specialty steel is concerned. In 2022, India plans to focus on increasing per capita steel consumption enhancing steel raw material security. All the metals intelligence you need in one user-friendly platform with unlimited usage — request a MetalMiner Insights platform demo. India […]
ArcelorMittal Nippon Steel to build 23 million ton per year steel facility
One of the world’s largest steelmakers, ArcelorMittal Nippon Steel, will invest ₹1 trillion (approx. U.S. $13 billion) to put up a 24 million ton per annum (MTPA) integrated greenfield steel facility in India’s eastern province of Odisha, India Today reported. The project will generate 16,000 direct employment opportunities and other related indirect employment jobs through […]
India to become net exporter of steel to China; US stainless steel output forecast to rise 16%
News reports indicate India is set to become a net exporter of steel to China but will be surpassed by Indonesia as the world’s second-largest stainless steel producer. A new report by a financial credit rating company has forecast that going by current trends, India would turn net exporter of steel to China in this […]
China introduces plan to reduce heavy metal emissions by 5% by 2025
Chinese authorities recently presented a draft plan to reduce heavy metal emissions by 5% by 2025. As noted previously here, the move comes after Beijing moved to stabilize surging coal prices. The government moved to increase both coal imports and domestic output. The Dalian coking coal price surged to $694 per metric ton in late […]
