Moody’s says India a bright spot in global steel demand
India, the world's second-largest crude steel producer, posted 11.4% growth in finished steel consumption during April-October to 65.5 million tonnes.
Latest Stories
McEwen Mining shares surge despite lower Q3 output, revised FY 2022 guidance
Despite the revised guidance, McEwen still sees a "brighter future" at its two main assets.
Lithium frenzy sees China ceramics hub refocus on battery metals
Lithium has become super-expensive this year as car and battery manufacturers scour the planet for scarce supplies.
Copper price falls on Chinese demand fears
The country's zero-covid approach and lockdowns have squeezed its manufacturing sector and hit demand for industrial metals.
Coal India profit soars as shortages drive demand and prices
Company reported a two-fold jump in its second-quarter profit as demand and prices surged.
COP27: We’re on a highway to climate hell, UN boss says
"Humanity has a choice: cooperate or perish,” United Nations Secretary-General Antonio Guterres told delegates gathered in Egypt.
Russia’s Sberbank sues Glencore for $116m over oil supplies
Russia's largest lender is seeking to recover debt and penalties from Glencore Energy UK Ltd over two agreements.
Turquoise Hill further delays shareholder meet on $3.3 billion Rio Tinto buyout
The meeting to approve Rio Tinto acquiring 49% of shares of Turquoise Hill has now been pushed back to Nov. 15.
Petra Diamonds halts Williamson mine in Tanzania after dam breach
Operations were suspended after a wall of the tailings storage facility was breached, causing flooding in nearby areas.
