All articles by MarketLine
UK steel under considerable pressure between US-EU trade deal and HS2
The deal by the US Government that will render the trade of EU-produced metals exempt from tariffs has created uncertainty over the future of the UK steel industry.
US steel prices are up over 200% and expected to remain high into 2022
In March 2020, prior to the COVID-19 pandemic, steel prices traded between $500 and $800. The price of steel as of July 2021 is up over 200%, trading at $1,800, and many involved in the market don’t see the price reducing until at least 2022.
Glencore makes the most of coal mining’s final days as competitors retreat
Glencore has fully acquired the Cerrejón thermal coal mine for about $588m amidst a rise in coal demand and record-high coal prices.
Iron giant Rio Tinto share price rises over 100% since COVID low this time last year
Rio Tinto’s share price is around the highest it has been since its inception, with the company reaching its all-time high in early Q1 despite the problems of 2020.
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China set to claim cobalt supply as electric vehicle demand picks up
China looks set to dominate in cobalt as the metal is increasingly in demand for electric vehicles.