Global insight

World’s largest untapped iron ore project secures $23b in financing

Reports out of the West African nation of Guinea suggest that the giant Simandou iron ore development has hit a major milestone in its development with the project’s backers securing approximately $23 billion in financing.

Tuesday, April 16, 2024

Türkiye's steel demand is expected to increase by 9 percent in 2024

According to data published by the World Steel Association, Turkiye's steel demand is expected to increase by 9 percent this year, reaching a total of 41.5 million tons.

Tuesday, April 16, 2024

Jupiter lists achievements, goals in inaugural sustainability report

ASX-listed Jupiter Mines lists in its inaugural sustainability report, published on April 15, key areas for emission reduction such as optimising fuel use, exploring regenerative braking systems in its truck fleet and implementing other energy-saving solutions...

Tuesday, April 16, 2024

Green steel blooms in Malaysia, but new moratorium could make or break it

The three-phase project will use natural gas as a reducing agent instead of coke and coal, Fastmarkets heard.

Tuesday, April 16, 2024

Horizonte Minerals fails to secure financing, considering mine sale

Shares of Glencore-backed Horizonte Minerals (AIM, TSX: HZM) plunged on Monday after the company announced it has failed to secure additional financing needed to complete the construction of its Araguaia nickel project in Brazil.

Tuesday, April 16, 2024

ltaly remains Vietnam's largest iron and steel import market

During the past 3 months of the year, ltaly continued to be Vietnam's largest iron and steel import market, with the Southeast Asian nation's export turnover approximating US$299 million, marking increases in volume and value over the same period.

Monday, April 15, 2024

US, UK take action targeting Russian aluminum, copper and nickel

Washington and London on Friday prohibited metal-trading exchanges from accepting new aluminum, copper and nickel produced by Russia and barred the import of the metals into the US and Britain.

Monday, April 15, 2024

Canada Nickel starts working on Crawford, eyes 2027 production

Canada Nickel (TSX-V: CNC) has kicked off front end engineering design (FEED) at its flagship Crawford nickel project in northern Ontario, which it expects to bring into production in 2027.

Friday, April 12, 2024
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