Based on its revised, weaker global growth expectations for 2016, softening demand, the strength of the dollar and continued uncertainty surrounding metal demand in China, Moody’s Investor Service expects base metals prices to remain under pressure to the dow...
The share price of Glencore soared more than 14% in Johannesburg after the diversified mining and marketing company told investors it would remain comfortably cash positive at materially lower commodity prices, had $14-billion liquidity headroom, beat its capi...
The economics of the Nova nickel project, in Western Australia, have been further improved following an optimisation study. ASX-listed Independence Group reported on Monday that the project’s net present value had increased by 36% compared with the 2014 defin...
South Africa’s stainless steel consumption, which has recovered from the slump experienced during the 2009 recession, is expected to track sideways in 2016. Apparent consumption in 2015 rose 1.9% year-on-year to 190 000 t, which is below the post-crisis peak ...
[Ferro-Alloys.com] In Dec. 15th, The International Nickel Study Group published Tuesday that global nickel surplus shed to 6800t. During the first ten months, global nickel surplus is 67100t, accounting for 4 percent of the annual demand. Nickel oversupply dir...
The Queensland government has not made any decisions on whether to bail out embattled Queensland Nickel, Treasurer Curtis Pitt said this week. Queensland Nickel owner Clive Palmer had appealed to the government to provide “minimal assistance” to ensure the c...
Glencore has recently announced its 2016 production forecasts, with the ferrochrome production is about 1.6 million tons, for +/-25,000 tons and the nickel production is about 116,000 tons, for +/-4000 tons.
The stretch of Eastern Ghats in Vizianagaram district of Andhra Pradesh has nearly 14 million tons of manganese, according to research scholars from the department of Geology , Andhra University in Visakhapatnam.