Category: NEWS
Stay informed with the latest news updates across various sectors including price movements, global issues, industry trends, and market insights.
EU Carbon Prices Rise 7% in May Amid ETS Developments and ICE’s New Futures Launch
EU carbon prices rose to €71.6/t in May amid ETS2 futures launch and talks of UK-EU carbon market unification.
Global Rebar Market Shows Weakness Amid Mixed Regional Price Movements
Global rebar market remains weak in May 2025 despite price gains in Turkey and China amid low demand worldwide.
EU Nearly Exhausts Annual Quota for Russian Pig Iron Imports in First Quarter 2025
EU pig iron imports from Russia almost hit the annual quota in Q1 2025 despite sanctions.
Nippon Steel to Invest $6 Billion in Electric Arc Furnaces for Carbon Reduction
Nippon Steel commits $6 billion to electric arc furnaces across three plants, aiming for major carbon emission cuts by 2029.
Turkey Increased Steel Production by 7% Year-on-Year in April 2025
Turkey’s steel production rose 7% in April 2025 despite challenges; pig iron output fell 11% year-on-year.
US NRC Approves NuScale’s 77MWe Small Modular Reactor Design
The US NRC approves NuScale’s 77MWe SMR design, advancing safe, scalable clean nuclear energy technology.
enCore Advances Upper Spring Creek Project with New License Approval
enCore secures Texas license extension for Upper Spring Creek ISR uranium project, boosting uranium production plans.
bpTT and EOG Begin Gas Production at Offshore Mento Development
bpTT and EOG launch gas production at Mento offshore Trinidad, boosting BP’s upstream growth strategy.
ADNOC Drilling Expands with 70% Stake in SLB’s Land Drilling Business
ADNOC Drilling acquires 70% of SLB’s Kuwait and Oman rig business, boosting regional expansion and tech-driven drilling.
Awalé Resources Secures C$8.26M Strategic Investment from Fortuna Mining
Fortuna Mining invests C$8.26M in Awalé to accelerate gold-copper exploration at the Odienné Project in Côte…
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