Category: NEWS
EIB and Deutsche Bank to Boost European Wind Power with €1 Billion Investment
In a major effort to advance renewable energy, the European Investment Bank (EIB) will provide a €500 million…
EUROFER Lowers 2024 EU Steel Consumption Forecast
The European Steel Association (EUROFER) has revised its 2024 steel consumption forecast downward, citing the prolonged period…
US Strategic Metals Secures $400 Million Loan for Missouri Battery Metals Project
US Strategic Metals, a significant player in the critical minerals sector, has received a non-binding letter of interest for…
Baoshan Iron & Steel Acquires Full Stake in Joint Venture with Nippon Steel
Chinese steel giant Baoshan Iron & Steel (Baosteel) has acquired the full stake in a joint venture automotive steel…
Spain Launches €750 Million Initiative to Boost Renewable Energy Manufacturing
Spain’s Ministry for Ecological Transition and Demographic Challenge (Miteco) has introduced a €750 million ($811.5…
OEM Secures 35% of Magnequench’s Estonia Magnet Output in Major EV Supply Deal
A leading original equipment manufacturer (OEM) specializing in electric vehicle traction motors has signed a…
Taiwan’s Steel Import Regulations on China: Will They Spread Across Asia?
As major developed nations like the United States and the EU significantly tighten their import regulations on Chinese…
Japan Increases Dependency on China for Rare Earths
OEM signs supply deal with Magnequench for 35% of production at new rare earth magnet plant in…
China Challenges EU’s EV Tariffs at WTO
In a major escalation of trade tensions, China has lodged a formal complaint with the World Trade Organization…
Worsening Red Sea Shipping Crisis Amid Houthi Attacks
As conflicts continue in the Middle East, the Red Sea shipping crisis has become a critical issue,…
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