Metallurgy news
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Gas prices will fall as a result of the British referendumThe decision to leave the UK from the European Union will have a great impact on the global gas market, according to experts from Hermes Energy Group (HEG), who expect a dynamic decline in prices for all raw materials, including blue fuel. In the past few weeks, the anticipation of the British…
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Putin in Beijing: Strengthens Strategic PartnershipRussian President Vladimir Putin on Saturday during his visit to Beijing stressed the importance of Russian-Chinese economic relations and stressed that Russia and China have "practically identical opinions" about the situation in the international arena. Putin, accompanied by many ministers and…
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Belarus and China agreed to implement joint scientific and technical projectsChina and Belarus are planning to implement about 30 scientific, technical and innovation projects in priority areas of development in the next two years, which are of mutual interest for both countries. The names of the projects were approved in Minsk during the work of the Belarusian-Chinese…
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Kazakhstan offers to carry goods from Ukraine through AzerbaijanThe Ministry for Investment and Development of Kazakhstan proposes to carry out international transportation from Ukraine to Kazakhstan bypassing Russia, starting from July 1, as the ministry said in a statement. The Ministry of Kazakhstan recommends two routes for transportation: one of the routes…
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EU expects further referendumsEU President Juncker does not rule out that referendums on EU membership will be held in other European countries. “This is possible because the populists will not miss the opportunity to promote anti-European politics in general,” Juncker said in an interview with the Bild newspaper. "However, now…
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BP chief - oil markets will balance at $ 50Rising oil demand in China, North America and Europe will help bring global oil markets into balance this year, BP Plc CEO Bob Dudley said. “Global supply and demand has moved towards a better balance lately and we expect this trend to continue into the second half of 2016 and possibly reach the…
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EU plans new sanctions on China's steel sectorChina's refusal to curb its steel production could prompt the European Union to consider new trade sanctions against Beijing. The European Commission has said it is joining the United States in swiftly addressing such issues. Until now, China is the world's largest steel producer. China's annual…
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Industrial Metals Reacted to UK Voting ResultsThe decision to withdraw Britain from the European Union will have an impact on the entire world economy. On Friday, all industrial metals were plunged by more than 3 percent. Copper prices fell 4 percent on the London Metal Exchange. This is a reaction to information on the results of the vote in…
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Bookmakers expect Britain to stay in the EUAccording to the British bookmaker, there is no doubt about the UK's presence in the EU. British banks also consider leaving the EU unlikely. Online betting companies Betfair are currently estimating the likelihood of the UK staying in the EU at 78 percent, up from 75 percent on Wednesday morning…
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Beijing's growing demand for gas opens up prospects for supplies from RussiaIn five years, gas demand in the Chinese capital will increase by about 50 percent. The increase is the result of China's policies to improve air quality in the capital and move away from coal. At present, the air in Beijing contains many harmful impurities from the use of coal for heating, boiler…
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