Banks step up trade finance in global commodities boom

Global stainless steel melt production is expected to be about 62 million tonnes (Mt) in 2022, rising to 90 Mt by 2050.

Production would initially start in the October to December quarter at an annualized rate of about 2 to 5 million tonnes.

The government announced on Saturday that export tariffs on new iron ores and concentrates would be raised to 50% from 30%.

Indian steel firms could be forced to cancel European orders after an overnight decision to impose export taxes on steel products.

Hyundai will break ground on its new facility in Georgia in early 2023 and is expected to begin commercial production in the first half of 2025.

Together, they accounted for around 13 million ounces or 12% of global gold production in 2021.

Rio Tinto said it will provide interim debt funding of up to $400 million.

CNGR Advanced Material will invest in three new projects in Indonesia to produce nickel matte.

Surplus or deficit? In nickel's current fractured state it could be both this year, writes Andy Home.