More than $2 trillion investment needed to meet IEA hydrogen targets

More than $2 trillion of investment would be required in equipment and infrastructure to sustain the accelerating global momentum towards establishing hydrogen as a competitive element of a net-zero carbon emissions economy by 2050, the Green Metals and Hydrogen symposium disclosed. The year 2030 is viewed by key industry participants as a critical time when […]

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Global crude steel production crashes to 144.4 million tonnes on energy crunch

Global crude steel production declined in September, marking the fourth straight month of month-over-month declines. September global crude steel production fell to 144.4 million tonnes, the World Steel Association reported last week. Metals producers around the world have felt the burden of rising energy costs. Zinc prices, for example, have since retraced but earlier this month […]

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U.S. waives sanctions on frozen Iranian oil funds

The United States has temporarily waived sanctions on Iranian oil funds abroad but without returning Tehran’s access to its bank accounts in Japan and South Korea. “Allowing these funds to be used to repay exporters in these jurisdictions will make those entities whole with respect to the goods and services they exported to Iran, address a recurring […]

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