The Indonesian Ministry of Energy and Mineral Resources has set mostly higher coal reference prices, known as the coal benchmark price (HBA), for January 2025.
Solar power overtook coal in Europe's electricity mix for the first time in 2024 while gas declined for the fifth year in a row, energy think tank Ember said in a report on Thursday.
Alcoa, the largest US aluminum producer, expects higher annual shipments of the lightweight metal in 2025 due to rising demand for the material used in everything from automobiles to window frames.
Dr. Keyvan Jafari Tehrani, lron and Steel market analyst, in an interview with Pardazesh va Tolid: "Strategic planning is key to unlocking the full potential of lran's mining and steel sectors"
Shares of Australia's Fortescue slipped on Thursday to a one-week low as it posted a marginal rise in its second-quarter iron-ore shipments, largely in line with market expectations for the period.
The former Biden administration extended the deadline for the two companies to abandon their merger plan to June 18, following a request from Nippon Steel.