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Global insight

BHP reports profit slump for 2023 as commodity prices fall.

Reported figures for the financial year ending on June 30, 2023, reveal a steep slump in earnings for Australia’s largest company, known for its domination in the commodities sector. Revenue fell by 17%, from $US65.1bn ($A101bn) in FY22 to US$53.8bn ($A83.8bn...

Wednesday, August 23, 2023

Tokyo Steel to keep product prices unchanged for 2nd month in Sept

Tokyo Steel Manufacturing Co , Japan's top electric-arc furnace steelmaker, said on Monday said it would keep steel product prices unchanged in September to reflect sluggish demand at home and abroad.

Wednesday, August 23, 2023

July 2023 crude steel production

World crude steel production for the 63 countries reporting to the World Steel Association (worldsteel) was 158.5 million tonnes (Mt) in July 2023, a 6.6% increase compared to July 2022.

Wednesday, August 23, 2023

Queensland urges BHP to invest in the state

Queensland Treasurer Cameron Dick has warned BHP that he may cancel the major miner’s leases in the state unless the company backtracks on its decision to pause new investments.

Wednesday, August 23, 2023

Tsingshan starts 50,000t nickel plant in Indonesia

Major Chinese nickel maker Tsingshan Group has started commercial production of refined nickel in Indonesia, three sources familiar with the production told Reuters on Monday.

Tuesday, August 22, 2023

Global nickel market in 27,400 metric ton surplus in June -INSG

The global nickel market had a surplus of 27,400 metric tons in June, compared with a surplus of 16,200 tons in the same month last year, data from the International Nickel Study Group (INSG) showed on Monday.

Tuesday, August 22, 2023

China exports 2236.125 tons of calcium metal in July 2023

China exports 2236.125 tons of calcium metal in July 2023

Tuesday, August 22, 2023

Technical refresh adds to Buena Vista economics

A technical refresh of the Buena Vista feasibility study has shown that the project could be moved to a 24/7 operating model and could increase its potential output from 450 000 t/y to 800 000 t/y at the same capital outlay.

Monday, August 21, 2023