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WTO panel rules against Turkey in metals duties dispute with US
GENEVA (Reuters) -A World Trade Organization dispute panel ruled on Tuesday that Turkey should repeal additional duties imposed on the United States in retaliation for U.S. steel and aluminium tariffs, after Ankara’s…
US firm AXT says China unit has initial export permits for key chipmaking metals
BEIJING (Reuters) – U.S. semiconductor wafer maker AXT Inc said its Chinese subsidiary Beijing Tongmei had received initial export permits for shipping gallium arsenide and germanium substrates – compounds key to chipmaking…
Russia mulls extra tax for some commodities exports, including metals – sources
MOSCOW (Reuters) – Russia is considering imposing an additional tax tied to the rouble-dollar rate on exports of metals, fertilisers and some other commodities, sources in two major exporting companies told Reuters…
US, Saudi Arabia in talks to secure metals in Africa – WSJ
(Reuters) – The United States and Saudi Arabia are in talks to secure metals in Africa needed to help them with their energy transitions, the Wall Street Journal reported on Sunday, citing…
Saudi Arabia’s Ma’aden to acquire 10% of Brazil base metals firm – statement
DUBAI (Reuters) – Saudi Arabian Mining Company, known as Ma’aden, has agreed to acquire a 10% stake in Brazil’s base metals company Vale, it said in a bourse statement on Sunday, as…
Brazil’s Vale to sell 13% stake in base metals unit for $3.4 billion
By Peter Frontini SAO PAULO (Reuters) -Brazilian miner Vale said on Thursday it reached two separate agreements to sell a 13% stake in its base metals business for $3.4 billion, aiming to…
US says it opposes export controls by China on metals, will consult allies
By Kanishka Singh WASHINGTON (Reuters) – The United States “firmly” opposes export controls announced by China on gallium and germanium, metals needed to produce semiconductors and other electronics, a U.S. Commerce Department spokesperson…
China Implements Export Controls On Key Metals Used For Chips
China Implements Export Controls On Key Metals Used For Chips Jason Cohen on July 3, 2023 China has implemented export limits on two metals utilized in the manufacturing of computer chips and…
U.S. metals magnate Sabin sours on DeSantis, backs Scott in 2024 race
By Alexandra Ulmer (Reuters) – Metals magnate and Republican donor Andy Sabin said he has soured on Florida Governor Ron DeSantis over his stance on abortion and Ukraine, and is now planning…
Venezuela investigates possible corruption at state metals conglomerate
CARACAS (Reuters) – Venezuela’s attorney general said on Friday he was investigating alleged acts of corruption in state-owned metals conglomerate Corporacion Venezolana de Guayana (CVG). “The Public Ministry ratifies its commitment to…
Japan, Canada in talks over collaboration in battery metals supply chain
TOKYO (Reuters) – Japan and Canada are discussing collaboration on building strong supply chains for battery metals, Japan’s industry minister, Yasutoshi Nishimura, said on Tuesday. A public-private mission led by Japan’s Ministry…
Canada January producer prices up 0.4% on petroleum, primary metals
Producer prices in Canada rose by 0.4% in January from December on higher prices for refined petroleum energy products, as well as primary non-ferrous metal products, Statistics Canada said on Friday. The…
Fortescue Metals preparing to cut up to 1,000 jobs – The Australian
SYDNEY (Reuters) – Fortescue Metals Group is looking to cut up to 1,000 jobs across its back office and clean energy unit as part of a cost-cutting exercise, The Australian reported on…
Biden Admin Blocks Major Mining Project Days After Signing Deal With Child Labor Hotbeds For Rare Metals
Biden Admin Blocks Major Mining Project Days After Signing Deal With Child Labor Hotbeds For Rare Metals Nino Cambria on January 28, 2023 The Biden administration signed a deal with countries rife…
Growth constraints to shackle industrial metals for a few more months
By Pratima Desai LONDON (Reuters) – Industrial metals markets hoping for improving demand and a price rally may have to wait a few more months with the headwinds of slow growth likely…
Hershey sued over chocolate containing heavy metals
By Jonathan Stempel NEW YORK (Reuters) – Hershey Co has been sued by a consumer who accused the company of selling dark chocolate that contains harmful levels of lead and cadmium. In…
Billionaire-backed KoBold Metals to invest in Zambia copper mine
JOHANNESBURG (Reuters) – California-based artificial intelligence exploration firm KoBold Metals is investing $150 million to develop a copper mine in Zambia, the company announced at the U.S.-Africa Leaders Summit in Washington, D.C.,…
U.S. bid for battery metals has Africa blind spot
By Helen Reid and Nelson Banya JOHANNESBURG (Reuters) – Mining companies and governments in Africa are calling for stronger trade ties with the United States after a new climate law set out…
Canada September factory sales flat on aerospace, metals
Nov 15 (Reuters) – Canadian factory sales were unchanged in September from August as higher sales in aerospace products and primary metals balanced out lower sales in petroleum and coal products, Statistics…
Analysis-Global metals volumes slide on recession fears, volatile markets
By Eric Onstad and Mai Nguyen LONDON/HANOI (Reuters) – Industrial metal trading volumes have fallen across the world and may slide further as economic threats from higher interest rates to the war…
Canada July factory sales drop 0.9% on metals, petroleum
(Reuters) – Canadian factory sales fell 0.9% in July from June, mainly due to decreases in primary metal industries and petroleum and coal products, Statistics Canada said on Wednesday. It was the…
Turkey offers ‘a warehouse and bridge’ for metals trade to Russia
By Ceyda Caglayan ISTANBUL – Western sanctions have given the Turkish metals sector a chance to serve as “warehouse and bridge”, the head of an industry group said, citing increased interest from…
German gas rationing would hit metals, chemicals hardest -ZEW study
BERLIN – Gas rationing in Germany would impact the metal production and processing, chemical and paper industries most severely, according to a study on Thursday, amid heightened uncertainty over Russian supply via…
EU to add Sberbank, Russian metals baron to sanctions list
By Francesco Guarascio BRUSSELS – The EU is set to add Russia’s top lender Sberbank and the head of giant zinc and copper firm UMMC to its list of individuals and companies…
Pair who went on the run after being found guilty of fraud at a now defunct precious metals firm, sentenced to prison
Seattle –The former President & CEO of Northwest Territorial Mint, a now-bankrupt company dealing in precious metals, was sentenced today in U.S. District Court in Seattle to 11 years in prison for…
U.K. National Sentenced to 3 Years in Prison for $8.3 Million Scam That Claimed Precious Metals Could Be Extracted from ‘Ancient Slag’
LOS ANGELES – A British national was sentenced today to 36 months in federal prison for defrauding over 100 investors out of more than $8 million through a scheme that sold…
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