Global Manufacturers Face Magnesium Supply Shortage

The world’s largest carmakers are facing a potentially crippling shortage of aluminum across Europe as China, the biggest manufacturer of the metal’s key component, struggles to keep its factories running amid a power crisis. Magnesium is an important raw material …

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Diamonds Worth $140m Missing in Zimbabwe

The Minerals Marketing Corporation of Zimbabwe (MMCZ) and Zimbabwe Consolidated Diamond Company (ZCDC) reported losing an estimated US$140 million dollars worth of round diamonds from their repositories. The missing diamonds weighed a total of 350,000 carats and were valued at …

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South Korean Steelmaker Ends Partnership with Myanmar Junta

POSCO Coated & Color Steel has announced it would end its partnership with a Myanmar military-controlled firm amidst backlash that its business benefited the military leadership, on Friday.  The South Korean steelmaker  said it would end its business with junta-controlled …

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Copper Industry Investment Needed To Meet Global Demand

The copper industry needs to invest $100 billion by 2030 to close an annual supply deficit of 4.7 million tons as clean power and transport sectors boom. Estimates from CRU Group and Trafigura Group further estimate that the deficit could …

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Stock market Falls in Pre-Hours Trading Session

The US stock market fell in pre-hours trading session amid further uncertainty around fiscal stimulus negotiations in Washington and the presidential election. On Thursday morning, the Dow Jones futures lost 32 points, or 0.1 percent, while the S&P 500 and Nasdaq 100 futures were also down 0.1 percent.

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