Metallurgy news

• Rare earths-Russia may be left without modern lithographs and chips The Ministry of Industry and Trade has cancelled two critically important jobs for domestic lithographs needed for chip production.Namely, for the development of production in Russia of single—crystal calcium fluoride ingots for optical elements of ultraviolet photolithography for 1.6 billion r... 04.12.2025  19:00

• Rio Tinto plans to increase profits by 50% by 2030 by increasing copper production and optimizing Rio Tinto plans to increase EBITDA by 40-50% by 2030 by increasing copper production, reducing costs, selling assets and optimizing operations.These estimates are based on a long-term consensus price forecast, as well as plans to increase copper production by 20% by the end of the decade.Rio Tinto... 04.12.2025  19:00

• Eurozone industrial producer prices rose 0.1 percent in October 2025 compared with September In October this year, industrial producer prices rose 0.1 percent in the euro area and European Union (EU) member states compared with the previous month, according to a report published by Eurostat, the Statistical Office of the European Communities. On an annualized basis, industrial producer... 04.12.2025  18:00

• Kenyan Devki Group opens landmark steel mill in Uganda Kenyan company Devin Group has officially opened a $550 million steel mill in Tororo, eastern Uganda, according to media reports. This is the first major expansion of the Devki Group outside of Kenya. The plant represents one of the largest private industrial investments in East Africa in recent... 04.12.2025  18:00

• Fortescue is partnering with TISCO to promote hydrogen-based plasma cast iron production technology The Australian iron ore mining company Fortescue Metals Group has signed an agreement with Taiyuan Iron and Steel (Group) Co., Ltd. (TISCO), a subsidiary of the Chinese steel producer Baowu Group, to develop new technologies to support the decarbonization of the steel industry.The partnership... 04.12.2025  17:00

• Hazer and POSCO deepen cooperation in the use of graphite for steel decarbonization The Australian developer of environmentally friendly technologies, the Hazer Group, and the South Korean steel producer POSCO have extended their memorandum of understanding for another two years, noting their continued commitment to developing ways to decarbonize steel using pure hydrogen and... 04.12.2025  17:00

• OFAC Penalty for Ignoring DD A private equity fund in Chicago entered into an $11.48 million Settlement for managing $50 million in investments tied to Russian oligarch Suleiman Kerimov long after he was sanctioned.The firm did what many funds do: it vetted the entities, relied on clean records, and took into account the... 04.12.2025  17:00

• The metallurgical plant of the DCH group has successfully tested the production of a new line for the European market Dnipro Metallurgical Plant (DMZ) PJSC, part of the DCH Steel group of DCH businessman Alexander Yaroslavsky, has completed the transition to continuous casting and has begun developing a new type of rolled products. It is specified that the rental campaign lasted from November 12 to 22, seven days... 04.12.2025  17:00

• Car sales in Turkey increased by 10.2 percent in January-November 2025 In November this year, sales of passenger cars and light commercial vehicles in Turkey rose 9.8 percent year-on-year and 14.5 percent month-on-month to 132,984 units, according to statistics released by the Turkish Automotive Distributors and Mobility Association (ODMD). In the month, Turkey's... 04.12.2025  16:00

• The European Parliament goes beyond the October protection plan and takes stricter measures. The European Parliament's (EP) Committee on International Trade (INTA) has published a draft report that significantly modifies and strengthens the European Commission's October proposal to address global steel overcapacity by introducing tougher trade protection measures, new bans based on origin,... 04.12.2025  16:00