Global insight

Woodside to partner on lower-carbon hydrogen value chain with SK E&S

Woodside Energy and South Korea’s SK E&S Co. Ltd. have signed a non-binding Memorandum of Understanding (MOU) to enable research on potentially developing a lower-carbon hydrogen value chain, including hydrogen, ammonia, and related products.

Tuesday, January 9, 2024

India's Tata Steel to spend $1.2 billion annually to create 1-2 million mt new capacity each year

India's Tata Steel Limited will invest an estimated $1.2 billion every year to increase its steelmaking capacity by 1-2 million mt per year to maintain its market share

Tuesday, January 9, 2024

Australia's Strike Resources to divest Paulsens East iron ore mine, advance iron ore project in Peru

Strike Resources plans to use a part of proceeds of the sale to fully repay its US$7.2 million loan owed to Australia-based Good Importing International

Tuesday, January 9, 2024

Administrators suspend Savannah nickel operations

The administrators of Panoramic Resources has announced the suspension of operations at the Savannah nickel project, in Western Australia.

Tuesday, January 9, 2024

Simandou build expected to start in 2024 after almost 30 years of setbacks

Rio Tinto expects to begin infrastructure work on the massive Simandou iron ore project in Guinea this year following almost three decades of setbacks and scandals.

Tuesday, January 9, 2024

Canada's Algoma Steel Foresees a Drop in Steel Shipments

Algoma Steel, a prominent steel producer based in Canada, has outlined its projections for the third quarter (October-December) of the financial year 2023-24.

Monday, January 8, 2024

Steelmaker ArcelorMittal denies bid for power supplier

European steelmaker ArcelorMittal has not bought Polish power producer Tauron Polska Energia's stake in the two firms' joint venture, Tameh Holding, despite claims by the latter, ArcelorMittal told Argus.

Monday, January 8, 2024

US construction spending up in November, rebar steady

US Midwest rebar remained steady at $830-840/short ton in November as demand was unchanged. Import prices began moving higher from a price floor of $750-770/st as overseas pricing rises.

Monday, January 8, 2024
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