Europe ArcelorMittal has announced that it will invest €1.1 billion adding a new direct reduced iron plant with two electric arc furnaces to its Gent facility. The recently refurbished blast furnace B will remain in service, while the site is transformed into less carbon intensive steelmaking....
https://www.hellenicshippingnews.com/new-capacity-roundup-october-2021/
There is a tendency in the climate change debate to focus on the big picture pledges, such as India’s commitment to net-zero emissions by 2070, but the attention should be on the actions that will actually happen by 2030. It’s also clear that if the world is to meet the aim of keeping warming to …
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https://www.hellenicshippingnews.com/asias-near-term-climate-goals-outweigh-long-term-pledges/
China has boosted daily output of coal to a new annual high of 11.88 million tonnes after concerted efforts to alleviate a supply shortage as it heads into winter, the powerful state planner said, and production could rise further. The Asian giant’s consumption of polluting coal has drawn scrutiny...
https://www.hellenicshippingnews.com/chinas-daily-coal-output-hits-new-yearly-high-of-11-9-mln-t/
French farmers had harvested 73% of the grain maize crop area by Nov. 1, compared with 54% a week earlier but still well behind the usual pace, farm office FranceAgriMer said on Friday. This year’s harvest was showing an 11-day lag compared with the average progress of the past five years, the...
https://www.hellenicshippingnews.com/french-maize-harvest-73-complete-by-nov-1/
Volatile gas prices boosted Uniper’s UN01.DE commodity trading desk and caused a 52% increase in nine-month adjusted operating profit, the German utility majority owned by Finland’s Fortum FORTUM.HE said on Friday. Apart from rising gas prices, Global Commodities — which include Uniper’s trading and plant optimisation activities — benefited from unusual weather conditions in North …
The post Uniper’s commodity trading boosts 9-month results on volatile prices first appeared on Hellenic Shipping...
Indonesia, Poland, Vietnam and other nations pledged on Thursday to phase out use of coal-fired power and stop building plants, but their deal at the COP26 climate summit failed to win support from China, India and other top coal consumers. Britain has said one of its main aims for the United...
Shanghai aluminium prices dropped to a more than four-month low on Friday as rising coal output in China eased worries over disruptions to the metal’s production. China is the world’s top producer of aluminium, the smelting of which is an energy-intensive process. The most-traded December aluminium...
Twenty-eight countries have joined an international alliance dedicated to phasing out coal, but the world’s biggest polluters are not among them. The new members of the Powering Past Coal Alliance (PPCA), which include Ukraine, Poland and Singapore, bring the total number of national governments...
Scarcity of material and high prices will remain key features of the European stainless steel market, in the last few months of 2021. The pandemic-induced supply/demand imbalance continues to disrupt global supply chains. Manufacturing companies worldwide are still battling with shortages of...
https://www.hellenicshippingnews.com/eu-stainless-steel-buyers-concerned-about-tight-supply/
Chicago wheat futures rose on Friday with the market set for a third weekly gain as tightening global supplies and strong demand supported prices. Corn and soybeans were poised for weekly losses as a U.S. report next week is expected to show bigger harvest estimates. FUNDAMENTALS The Chicago Board...