Global insight

Worldsteel:Jun 2015 Crude Steel Production Slightly Increased by 2.4%

World crude steel production for the 65 countries reporting to the World Steel Association (worldsteel) was 136 million tonnes (Mt) in June 2015, a -2.4% decrease compared to June 2014.

Friday, July 24, 2015

First Quantum restarts Ravensthorpe

Canada-based First Quantum Minerals has started recommissional work at the Ravensthorpe nickel mine, in Western Australia.

Thursday, July 23, 2015

UBS Analyst Calling for More Nickel Project Deferrals and Delays

Reuters reported that small Australian miners are being hit by the 30-percent nickel price slump that’s hit the market this year. Some have had to delay projects and expansions.

Thursday, July 23, 2015

BMO Sees Long-term Potential for ‘Strong’ Nickel Price Recovery

Even longer term, the picture is much the same. BMO anticipates a nickel price of $7.25 in 2017 and $8 in 2018; earlier it had predicted a nickel price of $11 in both years.

Thursday, July 23, 2015

Morgan Stanley Lowers Nickel Price Outlook as Stocks Rise

At the end of 2014, many market watchers anticipated positive price action in the nickel space in the near term.

Thursday, July 23, 2015

Weak Prices Hurt Merafe

[Ferro-Alloys.com]Merafe Resources said on Monday that the weakening price of ferrochrome coupled with higher costs would hit basic earnings, resulting in a slump in its latest interim period.

Thursday, July 23, 2015

South32 to Book $1.9bn Writedown

Australia Manganese saleable ore output lifted 3 per cent to 2.9 million tonnes for the 12 months to June 30, after plant throughput and concentrator yields improved. Meanwhile, the company's South African Manganese saleable ore production increased by 7 per c...

Wednesday, July 22, 2015

Cancana Resources Provides Q2 Results-BMC JV Increases Quarterly Production by 55%

Cancana Resources Corp. (TSX VENTURE:CNY) (the "Company" or "Cancana") announced today results from the second quarter of operations from its joint venture Brazil Manganese Corp ("BMC").

Wednesday, July 22, 2015
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