Global copper deficit estimated at 390,000 tonnes in 2018: ICSG

The International Copper Study Group (ICSG) recently released its copper report covering 2018, which estimated a global refined copper deficit of 390,000 tons in 2018. According to the ICSG report, world mine production increased by an estimated 2.3% in 2018. “The increase in world mine production of about 460,000 t copper was principally due to […]

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China, Germany agree to work on steel overcapacity within G20 – report

German Chancellor Angela Merkel and Chinese President Xi Jinping have discussed overcapacity in world steel markets and agreed to work on solutions within the framework of the G20 group of industrialised nations. The two newly re-elected leaders, both facing planned U.S. steel and aluminium tariffs, have agreed to deepen their strategic partnership, a statement by […]

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Industry bigwigs make fast investment into electric mobility, as world shifts gears

Global bigwigs are making fast investment into electric mobility in India, supporting the government’s drive to shift towards renewable energy. Delta Electronics India Pvt. Ltd., a part of $7.7 billion Delta Group from Taiwan, has launched its complete range of energy efficient electric vehicle (EV) charging solutions in India. The company has already showcased its […]

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Tata Steel’s MoU for thyssenkrupp JV is “step in right direction”, says Fitch

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Tata Steel Limited’s (TSL) memorandum of understanding with thyssenkrupp AG for a 50:50 joint venture in Europe paves the way for the Indian steelmaker to reduce exposure to a structurally weaker business, Fitch Ratings said, adding that the company’s long-term issuer rating however remains on watch until further clarity. Definitive agreements for the proposed joint […]

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