No country in the world formally recognizes the Taliban-led government in Afghanistan, where the extremist group seized power in 2021. But some countries operate embassies in Kabul and have accepted diplomats appointed by the Taliban, which controls Afghan missions in some 14 nations in the region. Russia is the latest country that is set to expand diplomatic...

Indonesia, a major copper producer, has decided to postpone the start of a ban on its copper concentrate exports until the end of the year in a move that could deflate copper prices after they hit a record high in May. Indonesia wants its local copper miners to build smelters and start processing the raw material locally, to boost the economy and offer...

Via Metal Miner India’s steel industry currently finds itself in a stressful predicament. Already reeling from cheap steel imports, the country is now even more worried about a surge of Chinese imports following the imposition of fresh tariffs on Chinese steel by U.S. President Joe Biden. Alongside the U.S., India and many other countries around the...

Africa’s top oil producer, Nigeria, needs annual investments of $25 billion to reach and keep its output at around 2 million barrels per day (bpd), Nigerian oil industry executive Austin Avuru said this week. “We need to invest $25 billion annually to stabilize production at 2 million barrels per day,” said Avuru, who is executive chairman of AA Holdings....

There has been a lot of talk about moving away from natural gas stoves in favour of greener fuels over the last couple of years. Some cities, such as New York and San Francisco, have banned gas hook-ups to new buildings in the hope of phasing out gas-fuelled heating and cooking. Meanwhile, some recent studies have deemed natural gas stoves to be dangerous in...

A potential EU tariff of 20% on China-made electric vehicles would cost China $3.8 billion worth of EV exports to the bloc, but it would also cost EU end-consumers “noticeably higher prices,” Germany’s Kiel Institute for the World Economy said in an analysis on Friday. The EU launched in October 2023 anti-subsidy investigations into EU imports of EVs...