#metal commodities

Voters during the South Africa General Elections on May 29, 2024 in Johannesburg, South Africa.  Gallo Images | Gallo Images | Getty Images South Africa’s governing African National Congress lost its parliamentary majority of 30 years, in the country’s most sweeping political shift since the end of the apartheid. Popular support for the ANC during the May 29 vote came in at 40%, with the…

One of the first questions Tamara Lundgren often heard when she introduced herself as the CEO of Schnitzer Steel is, “What kind of steel do you make?'” Founded in 1906 by Russian immigrant Sam Schnitzer, the company started as a one-person scrap metal recycler. Over 117 years later, a series of acquisitions and organic growth has made it one of the largest manufacturers and exporters of recycled…

Iron ore is in a bull market — and it won’t run out of steam soon, says Goldman

A freight train carrying iron ore travels towards Port Hedland, Australia, on Tuesday, March 19, 2019. Ian Waldie | Bloomberg | Getty Images SINGAPORE — Iron ore has been in a bull market for more than two years, and it’s not about to end soon, according to Goldman Sachs. “It would be wrong to say that the bull market for iron ore, you know, is on the cusp of ending,” said Nicholas Snowdon, head…