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Peabody Energy, the largest coal producer in the US, has cut its full-year production guidance for seaborne thermal coal by 1 million-1.3 million short tons as rains impacted productivity in the second quarter while COVID-19 related absenteeism is expected to impact output in the third quarter, the company said in its quarterly result statement July […]

Miner Rio Tinto’s subsidiary Rio Tinto Simfer and the Winning Consortium Simandou, or WCS — both of which hold rights to blocks in Guinea’s major Simandou iron ore deposit — have set up a company together with the government of the Republic of Guinea to develop multi-user infrastructure for the iron ore project. La Compagnie

The US Senate passed the CHIPS bill with a 64-33 vote July 27, representing a significant step forward for the legislation that includes $52 billion in funding to boost domestic semiconductor manufacturing and US competitiveness in the technology industries. “As Americans are worried about the state of the economy and the cost of living, the

Commodity markets are on red alert. Economic warning signs are coming in thick and fast with skyrocketing inflation in Europe and the US, rising interest rates and slowing economic growth. Industrial metals are leading the decline lower, with energy and agriculture prices also off their March peaks amid a weakening demand outlook. Russia’s supply side

Cost and risk-related discounts along with falling wind and solar capture price projections contributed to an 11.3% month-on-month decrease in Pexapark’s composite European PPA price index in June, PPA platform Pexapark said July 27 in its latest monthly market report. Normally rising forward power curve prices would lift PPA market prices, but risk discounts and

Kaiser Aluminum has taken steps to potentially restore normal aluminum sheet shipments from its Warrick, Indiana, rolling mill by the start of the fourth quarter, after it issued a force majeure to customers earlier in the month, company executives said July 26 But they cautioned that deliveries from the facility could be halved for the

US-based renewables fuel company Gevo Inc., closed its deal to buy land near Lake Preston, South Dakota, allowing it to go forward with its first commercial-scale operation to produce sustainable aviation fuel that will be used to meet airline supply contracts already in place. Gevo plans to start construction of the Net-Zero 1 facility in

There has been increased focus in Europe and the UK on building battery gigafactories and developing lithium supply, but refining capacity is an important step in the battery value chain that is often overlooked and could be a potential hurdle going forward. As with battery metal supply, the majority, if not all, battery metal refining

Regular traders of containerized shredded ferrous scrap market into Pakistan have begun to avoid selling into that market due to the rapid deterioration of the trading environment. This has been prompted by the sharp depreciation of the Pakistani rupee in recent weeks and low forex reserves at local banks. The Pakistani rupee weakened to Rupee

Cleveland-Cliffs anticipates steel demand from the automotive industry to improve by the end of the year, rebounding from floundering steel consumption in the industry since 2020 due to lower vehicle production, CEO Lourenco Goncalves said July 22. “Starting in the second half of 2022, we expect to get more automotive volume, and with more volume