Will Gabon's economy benefit from Africa's metals boom?

The world stainless association released figures for the first half year of 2022 showing that stainless steel melt shop production decreased by 3.5% year–on–year to 29.0 million metric tons.

World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 151.7 million tonnes (Mt) in September 2022, a 3.7% increase compared to September 2021.

The Argus weekly domestic US ex-works plate assessment was flat at $1,620/st.

The federal government also has a renewable energy target of 82pc by 2030, up from around a third currently.

Australian resources firm BHP has kept its iron ore production guidance for the 2022-23 fiscal year to 30 June unchanged with sustained output.

Australian-Japanese joint venture BHP Mitsubishi Alliance (BMA) is facing potential strikes at its coking coal mines in Queensland, as members of Australian unions vote in favour of taking protected industrial action.

The firm maintained its 2022-23 financial year production guidance at 58mn-64mn t.