Foundry Gate news
Iron ore tipped to fall below $US80, forcing mine closures
Bank of America has warned that iron ore prices could fall below $US80 a tonne, which is a key level that would force a fresh wave of higher-cost mines to shut down as China’s steel crisis wreaks havoc.The…
The opportunities and challenges of the global foundry industry until 2030 Based on the current casting forecast by IKB, an increase in tonnage of the global foundry industry can be expected by the end of the 2020s. However, significant regional differences in growth rates are…
Bank of America forecasts copper price above $10,000, iron ore price below $80 by 2025
Analysts at Bank of America (BofA) are projecting copper price to rise above $10,000 per tonne by 2025, while predicting iron ore prices to fall below $80 per tonne the same year.For copper,..
Brazil’s pig iron exports decline in Aug m-o-m
According to Brazilian customs statistics, Brazil’s pig iron exports amounted to around 270,000 tons in August, experiencing a drop of 23.7% compared to the previous month.During the period, the exports…
Global copper shortage to persist until 2025
Global copper shortage to persist until 2025, Chile’s Codelco strengthens market position amidindustry challenges.According to the latest research report of the Chilean Copper Commission (Cochilco), the..
European aluminium foundry market sees headwind due to subdued domestic automotive production
Analysts from Fastmarkets have reported a slowdown in aluminium consumption in the European automotive industry, underpinning muted economic factors. A considerable decline in automobile production due…
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