News List
Global coking coal prices fell significantly in July
Indian consumers will return to the market at the end of August, stocks of raw materials in Chinese ports are sufficient According to S&P Global, Australian coking coal prices (FOB Australia) decreased by 11.7% – to $216.5/t in July 2024. Prices for coking coal in China (CFR China) fell by 4.5% last month –…
ICCIMA hosts conference on innovative ways to develop Iran’s economy
Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) hosted a conference on new economic innovations in Iran’s economic sector on Wednesday, the ICCIMA portal reported. The conference dubbed “Innovation Ecosystem; The Realities of Iran’s Economy” was attended by experts, scholars, and business operators active in the field of information technology. At this conference,…
The 16th Iran International Financial Industries (Exchange, Bank & Insurance) Exhibition entitled “IRAN FINEX 2024” will be held at Tehran Permanent International Fairgrounds on August 9-12, 2024
The exhibition will be attended by Iran’s minister of economic affairs and finance (MEAF), vice-presidency for the science, technology and knowledge-based economy, chairman of parliament economic commission and foreign guests. The Iran FINEX Exhibition has been turned into one of the most important and most visited economic events in the Middle East region in…
Iron ore price rises to more than 1-week high on upbeat demand outlook
Iron ore futures prices rose to a more than one-week high on Thursday, buoyed by top producer Rio Tinto’s optimistic demand outlook for top consumer China and continued hopes of more stimulus from the world’s second-largest economy. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) ended daytime trade 2.35% higher…
China’s Energy Revolution: Wind and Solar Surpass Coal in Historic Milestone
China is undergoing a transformative shift in its energy landscape. For the first time ever, wind and solar energy have as of June this year collectively eclipsed coal in capacity, according to the latest data from the country’s National Energy Administration (NEA). Rystad Energy’s analysis forecasts that by 2026, solar power alone will surpass…
Germany reduced scrap exports by 7% y/y in January-May
In January-May 2024, German scrap companies reduced exports of ferrous scrap by 7% compared to the same period in 2023, to 3.1 million tons. The main decline occurred in the first quarter, Kallanish reports, citing data from the Federal Statistical Office. Revenues from exports of raw materials for 5 months amounted to €925 million,…
We are determined to achieve continuous development by using the defense economy/ Completing the steel value chain in Neyriz
Thanks to the grace of God and the Round-the-clock effort of our hardworking colleagues in Ghadir Neyriz Steel Complex, the realization of what was believed that the steelmaking project of this complex would enter the production circuit despite less progress than other provincial projects, but fortunately, this project was put into real operation as…
Iran’s steel output up 5.9% y/y in Jan-June to 16.6 mln mt
The latest monthly report by the World Steel Association (WSA) indicates that Iran has produced as much as 16.6 million metric tons (mts) of unprocessed steel in the first half of 2024, an increase of 5.9% year-on-year. According to the report, Iran remained on the nineth place of the world steel producers in the…
Chinese coal prices rise
For EU industries coal continues to be considered a strategic support as energy supplies are dwindling. The European Union faces multiple challenges in supplying sustainable energy sources, and coal remains on the agenda as an emergency option.Coal futures prices return in ChinaOn July 26, coal futures prices in China recovered after falling a…
Scientists Discover ‘Dark Oxygen’ on the Ocean Floor Generated—Surprisingly—by Lumps
Gerard Barron, chairman and CEO of The Metals Company, holds a nodule retreived from the seafloor in the Clarion Clipperton Zone of the Pacific Ocean in 2021. The company plans to mine for these nodules, which researchers suggest produce oxygen underwater Twelve thousand feet under the ocean surface is a world of eternal midnight.…
