Jaguar-Land Rover will cut up to 1,100 employees in the UK, while posting a pre-tax loss amid the coronavirus pandemic, it announced on June 15 in its financial results.
Latin American steelmakers were operating at 42% capacity in April after at least seven blast furnaces were halted to balance supply with the demand contraction amid the Covid-19 pandemic, the region’s steel association, Alacero, said on Thursday June 11.
Nornickel’s estimated $150-million cost to clean a company oil leak is “hugely preliminary”, the Russian miner said in a press conference two weeks after the biggest oil spill in the Arctic Circle since the Exxon Valdez.
Seaborne prices for both low and high-grade manganese ore in China continued to trend downward in the latest assessment on Friday June 12 after miners lowered their offers for July-delivery cargoes further in response to a lack of buying interest among Chinese traders and alloy smelters as well as relatively ample supply.
The European Investment Bank (EIB) has granted a €125 million ($140 million) loan to Belgium-based global material technologies and recycling group Umicore to partially finance the construction of a battery cathode material manufacturing facility in Poland.
Here are five Fastmarkets stories you might have missed on Monday June 15 that are worth another look.