Commodities
Study: Enough scrap to meet rising U.S. demand for recycled steel
(Posted on 04/03/25)Enough domestic ferrous scrap is available for electric arc furnace (EAF) steelmakers to supply nearly all the steel the United States needs, and EAFs already produce the same high-quality steel as blast furnaces and basic oxygen furnaces, says a new study from Laplace Conseil.The study, “A Transition towards Scrap-based EAFs...
Cargill and Hafnia launch Seascale Energy
(Posted on 01/03/25)Cargill’s Ocean Transportation business and leading tanker shipping company, Hafnia, have joined forces to launch Seascale Energy, a joint venture, combining Cargill’s existing bunker business Pure Marine Fuels and Hafnia’s Bunker Alliance. By combining the strengths of two global players, Seascale Energy aims...
Anglo American and Codelco to unlock significant value from copper mines
(Posted on 28/02/25)Anglo American plc has announced the signing of a memorandum of understanding between its 50.1% owned subsidiary Anglo American Sur SA and the Chilean state-owned mining company Codelco for a framework to implement a joint mine plan for the two companies’ respective, adjacent copper mines of Los Bronces and Andina in Chile...
Metso invests in China to strengthen screen offering for mining and aggregates
(Posted on 15/02/25)Metso is investing in the expansion of its screening solutions in China. Metso is a frontrunner in sustainable technologies, end-to-end solutions and services for the aggregates, minerals processing and metals refining industries globally. The initial investment includes an agreement to acquire screening business, operations and...
Cemex announces CEO transition
(Posted on 13/02/25)Cemex has announced that its CEO, Fernando A. González, has decided to retire after a successful career of over 35 years in the company. The Cemex Board of Directors has appointed Jaime Muguiro as new CEO; these changes will become effective April 1, 2025.“I want to thank Fernando for his immense contributions to Cemex...
EUROFER: Trump’s tariffs will exacerbate already dire market environment
(Posted on 11/02/25)European Steel Association (EUROFER) President, Dr. Henrik Adam has released a statement on U.S. steel tariffs. EUROFER represents the entirety of steel production in the European Union. EUROFER members are steel companies and national steel federations throughout the EU. The major steel companies and national steel federation of...
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