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By Eric Onstad LONDON (Reuters) - German auto parts supplier Schaeffler has signed a raw materials deal to ensure the supply of rare earth magnets from Europe for its burgeoning electric vehicle (EV) motor business, an executive told Reuters.
Surging European steel prices are set to extend their gains as Russia’s invasion of Ukraine has disrupted logistics, spurred sanctions and sent energy prices soaring. Russia is the world’s fifth biggest steel producer, while Ukraine comes in at 14th. The two combined account for a fifth of imports to the European Union. European hot rolled ...
Copper dipped on Monday on worries that spreading COVID-19 infections in top metals consumer China would hit demand while nickel slumped in thin trading amid uncertainty about short positions in the...
LONDON -The London Metal Exchange's three-month nickel contract rose at the open on Wednesday for the first time since trading resumed on March 16.... | March 23, 2022
Global primary aluminium output fell to 5.114 million tonnes in February from 5.236 million in the same month in 2021, data from the International Aluminium Institute (IAI) showed. Estimated Chinese production declined to 2.946 million tonnes last month versus 3.048 million in February 2021, the IAI said. Source: Reuters (Reporting by Eric Onstad; Editing by ...