Pope Leo XIV meets executives at the Vatican to discuss ethical mining
ROME, Italy -- Pope Leo XIV met key executives in the mining and energy sector in the Vatican over the weekend to discuss ethical approaches to the resource sector, in the context of a synodal meeting aimed at fostering dialogue between the Church and industry at a time of growing global demand for critical minerals. Read More
US Refineries, Union to Begin Contract Talks in January, as Industry Leans More on AI
U.S. oil companies and more than 30,000 refinery and petrochemical workers represented by the United Steelworkers union will begin negotiations on a new national collective bargaining agreement designed to address wage, safety and job security issues as the use of artificial intelligence expands in the industry. Read More
Proposal to strengthen CBAM extends scope and policing
The European Commission is proposing to broaden the regulatory scope of its Carbon Border Adjustment Mechanism (CBAM), as detailed in draft legislation seen by McCloskey 16 December and officially presented 17 December. Read More
Provisional CBAM Calculation Values Pass Committee Vote
The European Commission's Carbon Border Adjustment Mechanism (CBAM) Committee has accepted the final versions of technical implementing acts core to calculating CBAM costs, laying vital foundations for the instrument's definitive and fiscally-liable stage, from January. Read More
Exclusive: EC Steel Draft to Slash Quotas, Hike Tariffs
The European Commission’s draft proposal to replace the bloc’s steel safeguard system seeks to revolutionize existing temporary protections into a new permanent law, according to internal Commission documentation seen by McCloskey. Read More
Tariff Talk: Who are Chinese Leaders Meeting With?
Examine China's recent international trade activities, which countries its two main leaders have been meeting with, and how diplomatic priorities have evolved since the election of Donald Trump to a second term. In this edition of Tariff Talk, we look at what themes emerge and discuss what the implications may be for commodities and commodity trade. Read More
ArcelorMittal prepares for S. Africa long steel closure
ArcelorMittal South Africa (AMSA) warned that operational steps would need to be taken soon ahead of the planned September closure of its long steel business, if the government doesn’t provide further emergency support. Read More
S.Africa govt hopes to stop ArcelorMittal plant closure
South Africa's government is scrambling to prevent the closure of ArcelorMittal South Africa's long steel business, which potentially threatens tens of thousands of jobs. The steelmaker last week announced it would shut its long steel business, after a year of talks with the government to turn around the loss-making unit. Read More
ArcelorMittal to shut South Africa long steel business
ArcelorMittal South Africa (AMSA) has decided to close its loss-making long steel business and halt production by the end of the month, threatening thousands of jobs. The decision comes a year after the company first announced plans to place the operations into care and maintenance. This prompted engagements with the government wherein AMSA sought policy intervention to address structural issues affecting the business. Read More