Terramin has begun site preparation for the Tala Hamza zinc and lead project in Algeria, following lengthy delays caused by land access issues that have now been resolved by the government. The project, one of the world’s largest undeveloped zinc deposits, will require an estimated $471 million in total investment and is expected to produce approximately 170,000 tonnes of zinc and 30,000 tonnes of lead annually. This initiative supports Algeria’s efforts to diversify its economy and enhance its position in the global base metals market.

Critical Metals (CRML.O) has approved a $30 million acceleration program to develop its Tanbreez heavy rare earth project in Greenland. The initiative will advance drilling, infrastructure, engineering, and metallurgical work, aiming for first ore production in late 2028 or early 2029, with concentrate exports expected by mid-2029. The move aligns with U.S. efforts to strengthen domestic rare earth and critical minerals supply chains amid reliance concerns on China.

【SMM Steel】ArcelorMittal announced a partnership with Renault to supply low-carbon steel for EV production, advancing supply chain decarbonization. The new Usibor® 1500 XCarb® steel is used on structural parts, cutting carbon while maintaining strength and safety. The move supports Renault's emission targets and improves EV performance.

【SMM Steel】Vietnam imposed a 27.83% temporary anti-circumvention duty on certain wide-width HRC (1,880-2,300mm) from China, effective Apr 17 for 120 days. Preliminary findings showed some exporters slightly adjusted specs to avoid existing trade remedies. The sharp import surge has caused significant harm to local producers. The investigation continues before a final conclusion.

【SMM Steel】Taiwan's CSC filed an AD petition on cold-rolled steel imports with the Ministry of Finance before the Qingming Festival. If no supplements are needed, a case could be launched by mid-May, with a preliminary decision due by mid-July. The move follows actions against HR and electrical steel. CSC's chairman confirmed plans to counter unreasonable pricing. The ministry typically announces its decision within 40 days.

SMM Express: Most China steel export prices held steady today, while prices outside China saw significant increases. In terms of China's export transactions, steel billet inquiries were moderate during the day, while flat product trading was lackluster. Markets outside China, most steel mills still expected further price raises, thus offering high ex-factory prices, with some clients remaining on the sidelines.