[Shyam Metalics to build 9 MTPA steel plant in Maharashtra]

Bharat Coking Coal (BCCL) produced 2.57 million tonnes of raw coal in September 2026, up 20.7% from 2.13 million tonnes in September 2025. Raw coal offtake grew 13.7% YoY to 3.15 million tonnes. Coking coal production rose 21.5% to 2.49 million tonnes from 2.05 million tonnes. Opencast mines drove the growth with output up 24.4% at 2.55 million tonnes, while underground mines saw a sharp fall of 76.6% to 0.02 million tonnes.

Glencore plans to submit the environmental impact report for its El Pachón copper-molybdenum project in Argentina in Q1 2027 and aims to secure approval under the Incentive Regime for Large Investments, or RIGI, before July 2027. Glencore previously reported approximately 6 billion tonnes of mineral resources grading an average 0.43% copper, 2.2 g/t silver and 130 g/t molybdenum, equivalent to around 0.013% Mo. Based on the disclosed tonnage and average grade, the resource contains roughly 780,000 tonnes of in-situ molybdenum, although this does not represent reserves, recoverable metal or future production. During the 2025/26 exploration season, the project completed 53 drill holes totaling 21,246 metres and advanced preliminary road and bridge infrastructure.

During its latest Economic and Steel Market Outlook published on October 1, 2026, EUROFER officially downgraded its demand projections, forecasting that EU apparent steel consumption will grow by a stagnant 0.1% for the entirety of 2026. While the association anticipates a slight recovery with 2.3% volume growth in 2027, the near-term stagnation reflects persistent industrial contraction and high operational costs forcing integrated producers across the continent to curtail blast furnace output. [SMM Iron Ore]