Iran Alloy Steel Company, during the Intergovernmental Council of the Eurasian Economic Union summit in Minsk, took an important step toward diversifying export markets and facilitating financial exchanges in the Eurasian region by signing two key memoranda of understanding with the Belarusian Commodity Exchange and "TC Bank."
China said on Monday a two-month extension of a trade truce with the US would provide room for both sides to evaluate the implementation of their arrangement to resolve economic and trade issues, while considering how to advance on those fronts.
Global oil prices fell by around 2% in recent trading, pressured by speculation over a possible U.S. ban on diesel exports and diplomatic developments surrounding the Strait of Hormuz.
Crude oil prices fell more than one percent in Thursday's global market trading, driven by Saudi Arabia's diversion of oil cargoes through Oman for Asian buyers, the diplomatic outlook for the US-China summit, and the US weekly inventory report.
During the provincial visit of the Deputy Minister of Industry, Mine and Trade and Head of the Geological Survey and Mineral Exploration Organization of Iran to East Azerbaijan, new strategies were formulated to enhance the province's mining capacities.
Data from the International Copper Study Group (ICSG) shows a 1.1% decline in global copper production in the first half of this year—a trend that, alongside output drops at major companies such as Codelco and Freeport-McMoRan, has defied previous forecasts of supply growth and strengthened the likelihood of the first annual decline in copper production since 2017.
South Africa’s gross domestic product (GDP) contracted by 0.2% quarter-on-quarter for the second quarter, following growth of 0.4% in the first quarter of the year, Statistics South Africa (Stats SA) reports.
Ontario Premier Doug Ford has warned that the province could halt exports of electricity and critical minerals to the United States if trade tensions escalate, a move that could disrupt America’s supply chains for nickel and uranium.
Six European Union countries want the 27-nation EU to discuss in September a mechanism to tax windfall profits of oil companies triggered by Iran's blockade of the Strait of Hormuz, a letter by their finance ministers showed on Monday.
Ghana's union of mineworkers delivered a petition to the central bank on Thursday to demand more than 380-million cedis ($34.55-million) they say they are owed and that have been frozen since a clean-up of the financial sector.
