Metals Sector Weathers Middle East Shock
9 Articles
9 Articles
The President of the Valley, Gustavo Pimenta, said on Tuesday (4) that the mining company is evaluating the projects of .mega hubs ., industrial complexes aimed at the manufacture of low carbon steel products, due to the war of the Middle East. .We already have operation in Oman, but with the war, the projects continue to be evaluated and discussed, but they slowed down, said Pimenta to journalists after participating in the S&P event in Rio. . …
According to the spokesman for the Huthist rebels in Yemen, the operation was conducted in response to the violation of Yemeni airspace by Saudi Arabia in Saada and Hajjah provinces.
The conflict in the Middle East began on February 28, 2026 with a joint attack by the United States and Israel against Iranian nuclear facilities. Iran responded by closing the Strait of Hormuz, firing the price of crude oil and leaving about 2,000 ships stranded. After 39 days of hostilities, a cease-fire came into force on April 8 mediated by Pakistan. Despite the truce, naval clashes in the Strait have not ceased at the hands of the two sides…
Tehran denies the American president who had spoken of resumption of the negotiations from today and close agreement on Hormuz (ANSA)
AfDB says Zimbabwe well placed to withstand Middle East shocks - The Zimbabwe Mail AfDB says Zimbabwe well placed to withstand Middle East shocks
Zimbabwe’s strong gold sector and diversified mineral resource base are expected to cushion the economy against the global economic fallout from the escalating conflict in the Middle East, the African Development Bank (AfDB) has said. In its Southern Africa Economic Outlook 2026, released on Tuesday, the AfDB identified Zimbabwe among Southern Africa’s resource-rich economies that stand to benefit from higher commodity prices despite growing glo…
Metals sector weathers Middle East shock
Aluminium deficit cut to 1 million tonnes, but copper surplus signals fragile stability Many forecast a turbulent, fragmented world for 2026. The first half delivered one. What it did not forecast was a Middle East conflict. This compounds the importance of the US mid-term elections as the next major policy and market milestone for 2026. Wood Mackenzie’s mid-year review reveals how contained the damage to metals and mining has been. The clearest…
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