THE BLOG
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.
April 24, 2025
Olympic Steel Inc., a leading U.S. metals service center, has extended its $625 million credit facility through 2030, strengthening its financial foundation for future growth. Backed by strong liquidity and a disciplined approach to capital management, the company plans to use the facility to fuel acquisitions, working capital, and strategic investments. With 54 facilities nationwide and a growing footprint in high-demand sectors like solar and construction, Olympic Steel is positioning itself to thrive in an evolving industrial landscape.
April 20, 2025
As the UK government steps in to save British Steel from collapse, a new chapter in the nation’s industrial legacy begins—one that will define not just the future of steel production, but also the role of green technology, national security, and economic resilience. This article explores how the transition from coal-fired blast furnaces to electric arc furnaces (EAFs), along with strategic investments in renewable energy, domestic scrap utilisation, and advanced steel technologies, could shape a more sustainable and competitive steel industry. With lessons that resonate beyond the UK, this is a moment of reflection and opportunity for manufacturers worldwide, including those in Southeast Asia, to rethink their path forward in a decarbonising world.
April 18, 2025
In a dramatic escalation of the US-China trade war, President Donald Trump has imposed tariffs of up to 245% on Chinese imports, citing national security and unfair trade practices. This unprecedented move aims to protect critical American industries and reduce reliance on China for rare earth materials essential to defense and technology. While the Trump administration frames it as a bold step to reclaim economic sovereignty, critics warn it could trigger global supply chain shocks and worsen geopolitical tensions. As China retaliates and the world watches, the future of global trade hangs in the balance.
April 17, 2025
As the UK government puts British Steel on the market in a high-stakes bid for a new strategic owner, the future of the nation's steel industry hangs in the balance. Centered around the iconic Scunthorpe plant, this move highlights the urgent need for sustainable, sovereign, and economically viable steel production. For global industry players like LUX METAL, this moment reflects the broader challenges and opportunities shaping modern manufacturing—where resilience, green innovation, and industrial autonomy must go hand in hand.