THE BLOG
May 13, 2025
China’s steel industry, long hailed as the engine of global steel production, is now grappling with the consequences of unchecked growth. The Hidden Cost of China’s Steel Dominance: Overproduction, Trade Tensions, Decline in Consumption & Export Reliance — this unfolding story highlights how the country’s relentless capacity expansion has led to a perfect storm. From 2021 to 2025, overproduction has collided with a shrinking domestic market, pushing steelmakers to flood foreign markets with low-cost exports. As global trade tensions escalate and protective tariffs rise, the industry faces tightening margins and deep structural challenges. This article explores how government policy shifts, economic headwinds, and international pressure are reshaping the trajectory of Chinese steel — with rippling effects across the global economy.
May 11, 2025
As Ukraine continues to defend its sovereignty, businesses are stepping up to confront a new, critical mission: reintegrating veterans into society and the workforce. With 1.2 million veterans currently registered—and forecasts by the Ministry of Veterans Affairs predicting a rise to 5–6 million when including families after the war—corporate veteran support has become not just necessary, but integral to business operations.
Among the most committed are Ukraine’s leading iron and steel companies—Metinvest, Ferrexpo, Interpipe, and ArcelorMittal Kryvyi Rih—which have collectively mobilized thousands of employees and are now actively supporting their return.
May 9, 2025
As 2025 unfolds, the Turkish steel industry finds itself caught in a delicate balance between rising demand and systemic strain. Although hopes remain high for a continued recovery, a mix of global trade challenges, quality concerns, and uneven domestic production presents obstacles that ripple through international markets — especially for steel-consuming sectors like automotive and construction.
At Lux Metal, we monitor these developments closely to ensure our clients across Malaysia and Southeast Asia are always ahead in sourcing quality materials, especially in times of global supply uncertainty.
May 5, 2025
In a rapidly shifting global metals market, aluminum premiums have surged to record highs, with new U.S. tariffs disrupting trade flows and driving up domestic prices. This shockwave isn't just another blip in the commodity charts — it has far-reaching implications for industries across the globe, including construction, manufacturing, aerospace, packaging, and transport.
But what exactly is driving this sudden price hike, and what does it tell us about the future of aluminum in the world economy?
May 3, 2025
In a landmark discovery that has stunned scientists, mining experts, and global economists alike, researchers in Western Australia have uncovered what could be the largest iron ore deposit ever documented. Estimated at 55 billion metric tons, this vast underground reserve is worth over US$5.7 trillion, potentially reshaping the landscape of global trade, metallurgy, and geological understanding.
But this discovery is more than just a numerical triumph. It also challenges long-held beliefs about how Earth's mineral resources form and how we search for them. It may lead to a significant shift in exploration strategies, trade relationships, and the very foundation of modern industry.
Before we explore the deep implications of this find, let’s take a step back and understand the fundamentals: What is iron ore? Where does it come from? How is it found? And why is it so important?
April 27, 2025
At LUX METAL, we’ve always believed that the future of metal manufacturing lies in sustainability, transparency, and innovation. That’s why we are excited to see the London Metal Exchange (LME) taking a bold step toward shaping a greener future for the global metal industry.
The LME has announced its proposal to introduce sustainability premia for LME-approved metals — a monumental move that will not only support the development of a low-carbon metals market but also enhance the value of sustainable practices throughout the supply chain.