Japan’s top steelmaker Nippon Steel Corp 5401.T aims to join new raw material development projects to make reduced iron, using hydrogen, to meet the growing demand for green steel, its president said on Thursday. But the company will keep investing in coking coal mines to secure a key steel-making...
The demand for coal is continuing and likely to peak between 2030-2035 being an affordable source of energy with substantial reserve, coal is going to stay as a major source of energy in the foreseeable future, Union minister Pralhad Joshi said on Wednesday. The country will require the base load...
https://www.hellenicshippingnews.com/indias-coal-demand-likely-to-peak-between-2030-2035-minister/
Japan’s crude steel output in the January-March quarter of 2023 is forecast to fall 4.0% from a year earlier to 22.10 million tonnes, the Ministry of Economy, Trade and Industry (METI) said on Thursday. Demand for steel products, including those for export, is forecast to decline 4.3% to 19.98...
Indonesia has targeted to raise its coal production to 694 million tons to fulfill domestic supply and export demands, the country’s Ministry of Energy and Mineral Resources announced Tuesday. “As we know that in 2022, we targeted to produce 663 million tons, and up to now the production has...
https://www.hellenicshippingnews.com/indonesia-to-produce-nearly-700-mln-tons-of-coal-in-2023/
Ukraine’s corn production could fall to 22-23 million tonnes this year from 41.9 million in 2021 because of a reduction in the harvested area caused by Russia’s invasion, its agriculture minister said on Wednesday. Russia invaded Ukraine in late February and swathes of land in the east, south and...
Global seed maker Syngenta will release a new type of wheat developed with complex cross-breeding techniques in the United States next year, beating out rival companies that are also trying to develop higher yielding wheat at a time of diminishing global grain supplies. The hybrid wheat, which...
Where has all the zinc gone? London Metal Exchange (LME) warehouse stocks of the galvanising metal total 36,525 tonnes, the lowest amount this century. Almost 60% of that metal is earmarked for physical load-out, leaving just 15,175 tonnes of live tonnage, no more than a few hours worth of global...
Copper prices slipped from a one-week high on Thursday, as demand worries due to a spike in COVID-19 infections in top consumer China overshadowed support from a weaker dollar and declining inventories. Three-month copper on the London Metal Exchange CMCU3 was down 0.2% at $8,377.00 a tonne by 0710...
https://www.hellenicshippingnews.com/copper-eases-off-1-week-high-as-china-covid-concerns-weigh/
Chicago wheat futures rose for a third consecutive session on Thursday, as forecasts of freezing temperatures across key U.S. growing areas threatened crops. Soybeans edged higher with support from dry weather in Argentina. “The unusually cold temperatures pose a risk for U.S. winter grain damage...
https://www.hellenicshippingnews.com/wheat-up-for-3rd-session-on-u-s-weather-concerns-soybeans-rise/
Given its important role in the energy transition, experts believed the global demand for copper will grow in the long term. The consensus forecast of the economists and banking analysts surveyed by FocusEconomics indicated the average price of the red metal, a base metal used in the electric power...
https://www.hellenicshippingnews.com/russias-copper-deposit-to-play-part-in-chinas-green-economy/