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Recovery of transactions in December welcomed, but economic headwinds persist
Payment clearing and reconciliation services company BankservAfrica's Economic Transactions Index (BETI) for December 2022 improved despite the ongoing, dismal economic context, rising to 132.1 following six consecutive months of declines in the index. |
Peruvian mining registered increases in copper, zinc, iron and tin in November 2022
The Ministry of Energy and Mines (MINEM) reports that the national metallic mining production in November 2022 had an increase in copper, zinc, iron and tin, compared to the similar month of 2021. |
Chile's Minera del Pacífico files project to extend iron ore operation
With an investment of US$32mn, Chilean iron ore miner Minera del Pacífico (CMP) looks to continue operating in the Pleito district until 2029, which the CAP group firm holds in northern Atacama region. |
Brazil's power capacity up by 8.2GW in 2022
Brazil increased its power generation capacity by 8.2GW in 2022, with fossil-fueled thermal plants accounting for 16pc of total growth. |
Vedanta's Indian iron ore output rises post-monsoon
The daily Argus ICX 62pc iron ore index was at $117.35/dry metric tonne on 3 January, down by 2.2pc from a year earlier. |
Nucor's new Kentucky mill rolls first plate
Steelmaker Nucor rolled its first plate at its new mill in Brandenburg, Kentucky. |
Nucor keeps plate prices flat
US steelmaker Nucor has kept its plate pricing flat, a month after it dropped prices by triple digits. |
Demand for Japanese ferrous scrap to rise
Overseas demand for Japanese ferrous scrap is likely to recover in 2023, while stronger domestic consumption and slower scrap generation in the country limit availability for exports. |
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