(AOF) – American steel producer United States Steel announced Friday that its shareholders voted overwhelmingly in favor of the proposed merger with Nippon Steel Corporation (NSC). Shareholders representing 71% of United States Steel’s capital voted in favor of the transaction.
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The multiple challenges of environmental criticality
It first refers to the supply and availability of different metals in the subsoil. The other determining element is demand. According to the International Energy Agency, lithium consumption will increase more than 40-fold by 2040. Copper is also the perfect example of this criticality. According to S&P Global, copper consumption will double by 2035, from 25 million tonnes per year to 50 million tonnes. However, investments in new mines are penalized by falling prices and rising financing and production costs. Shortages are therefore to be feared in ten or fifteen years. Finally, the mining industry will face growing opposition from populations because of its impacts (particularly in terms of waste and water pollution).