Global insight
Vale Keeps Feeding Iron Ore Glut but Misses Estimate
Brazil’s Vale (NYSE:VALE) kept ramping up its production of iron ore in the October-to-December period despite a global glut that has severely hurt producers and squeezed smaller competitors. |
Vale Posts Record Loss to Sell Core Assets
Brazil’s mining giant Vale (NYSE:VALE) reported Thursday its deepest quarterly net loss ever, becoming at the same time the first of the three largest iron ore producers to put some of its core assets up for sale. |
Indonesia to Ease Mineral Export Ban From 2017
The government of Indonesia will relax next year its ban on partially processed minerals exports, including copper, nickel, zinc and bauxite ore order to prop up its economy. |
Glencore Positive on Coal Turnaround
Diversified mining and marketing company Glencore, which plays a leading role in the global seaborne steam coal market, including being the major exporter of the mineral out of South Africa’s Richards Bay Coal Terminal (RBCT), spoke positively on Tuesday on t... |
Kabwe Manganese Plant to Reopen Next Month
FERRO Alloys Corporation Limited, a manganese processing plant in Kabwe, is set to re-open next month after suspending operations last December on account of “astronomical” electricity tariffs and low commodity prices. The firm runs and operates a manganese |
Hundreds of workers walk away from construction of Tesla's Gigafactory
The demonstrators say they want Tesla (TSLA) to keep its tax incentives in Nevada, where the electric-car maker's Gigafactory is being built, and not use out-of-state contractors. |
Top 10 Tungsten-producing Countries in 2015
According to the most recent US Geological Survey (USGS) report on the metal, world tungsten production reached 87,000 metric tons (MT) in 2015, an increase over 2014’s 86,800 MT. The market remained in oversupply, putting pressure on prices, leading a number... |
Russia’s Ferroalloy Exports and Imports Fall in 2015
According to Russia customs statistics showed in December 2015, Russia exported 64,938 tons of ferroalloy, an increase of 2% month on month to 63,665 tons. |
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