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.
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 has fully acquired the Cerrejón thermal coal mine for about $588m amidst a rise in coal demand and record-high coal prices.
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.
Give your business an edge with our leading industry insights.
China looks set to dominate in cobalt as the metal is increasingly in demand for electric vehicles.