Reserves of high-grade nickel ore in top producer Indonesia may be depleted in around six years, a miners¡¯ association has warned, risking shortages of the material used to make stainless steel.
Mining group Eramet on Thursday reduced sharply its forecast for nickel ore production from its flagship Indonesian mine this year, citing a slowdown in permit approvals.
The United States will roll over its suspension of tariffs on European Union steel and aluminum if the two sides need more time to agree on measures to address overcapacity and low-carbon production, the US ambassador to the EU said on Wednesday.
The Australian government will double the amount of money on offer to support critical minerals projects, aiming to attract American miners and processing companies to establish operations in Australia.
Experts are optimistic that despite the negative trend in the steel sector, the sector will recover in 2024 due to the government's actions in the property market and construction sector.
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