Metallurgy news
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Car production in Argentina declined in NovemberAccording to the industry association ADEFA, Argentina produced 37,961 units (passenger cars and light commercial vehicles) in November, compared with 47,204 units in October.Exports increased by 5.5 percent to 31,248 units, while domestic sales decreased by 21.3 percent to 35,249 units.Compared to…
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Rare earths-Russia may be left without modern lithographs and chipsThe Ministry of Industry and Trade has cancelled two critically important jobs for domestic lithographs needed for chip production.Namely, for the development of production in Russia of single—crystal calcium fluoride ingots for optical elements of ultraviolet photolithography for 1.6 billion…
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Rio Tinto plans to increase profits by 50% by 2030 by increasing copper production and optimizingRio Tinto plans to increase EBITDA by 40-50% by 2030 by increasing copper production, reducing costs, selling assets and optimizing operations.These estimates are based on a long-term consensus price forecast, as well as plans to increase copper production by 20% by the end of the decade.Rio Tinto…
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Eurozone industrial producer prices rose 0.1 percent in October 2025 compared with SeptemberIn October this year, industrial producer prices rose 0.1 percent in the euro area and European Union (EU) member states compared with the previous month, according to a report published by Eurostat, the Statistical Office of the European Communities. On an annualized basis, industrial producer…
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Kenyan Devki Group opens landmark steel mill in UgandaKenyan company Devin Group has officially opened a $550 million steel mill in Tororo, eastern Uganda, according to media reports. This is the first major expansion of the Devki Group outside of Kenya. The plant represents one of the largest private industrial investments in East Africa in recent…
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Fortescue is partnering with TISCO to promote hydrogen-based plasma cast iron production technologyThe Australian iron ore mining company Fortescue Metals Group has signed an agreement with Taiyuan Iron and Steel (Group) Co., Ltd. (TISCO), a subsidiary of the Chinese steel producer Baowu Group, to develop new technologies to support the decarbonization of the steel industry.The partnership…
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Hazer and POSCO deepen cooperation in the use of graphite for steel decarbonizationThe Australian developer of environmentally friendly technologies, the Hazer Group, and the South Korean steel producer POSCO have extended their memorandum of understanding for another two years, noting their continued commitment to developing ways to decarbonize steel using pure hydrogen and…
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OFAC Penalty for Ignoring DDA private equity fund in Chicago entered into an $11.48 million Settlement for managing $50 million in investments tied to Russian oligarch Suleiman Kerimov long after he was sanctioned.The firm did what many funds do: it vetted the entities, relied on clean records, and took into account the…
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The metallurgical plant of the DCH group has successfully tested the production of a new line for the European marketDnipro Metallurgical Plant (DMZ) PJSC, part of the DCH Steel group of DCH businessman Alexander Yaroslavsky, has completed the transition to continuous casting and has begun developing a new type of rolled products. It is specified that the rental campaign lasted from November 12 to 22, seven days…
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Car sales in Turkey increased by 10.2 percent in January-November 2025In November this year, sales of passenger cars and light commercial vehicles in Turkey rose 9.8 percent year-on-year and 14.5 percent month-on-month to 132,984 units, according to statistics released by the Turkish Automotive Distributors and Mobility Association (ODMD). In the month, Turkey's…
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