Global insight

Is Glencore about to Dump $16 Billion of Stockpiles?

At the end of trading in London on Thursday shares in Glencore plc (LON:GLEN) was priced at 179p.

Monday, August 17, 2015

Glencore Sells Stakes in Three Assets, Gets Only $290 Million

Swiss commodities trader and miner Glencore (LON:GLEN) confirmed Friday it has sold its stakes in three assets it got after acquiring Xstrata in 2013, raising about $290 million.

Monday, August 17, 2015

IFM Fights Low Ferrochrome Price, Higher Input Costs

International Ferro Metals’ (IFM’s) financial performance and cash flows will likely remain under pressure unless there is a “sustained improvement” in the ferrochrome price, which has been hovering at the same level for three consecutive quarters.

Monday, August 17, 2015

Vale Ordered to Halt Production at Giant Amazon Nickel Mine

A Brazilian federal court on Friday ordered Vale, the world's number one nickel and iron ore producer, to halt activity at its Onça Puma nickel mine in northwestern Brazil.

Monday, August 17, 2015

TPT Gets go-ahead to Operate Manganese Terminal

Cabinet has approved the issuing to Transnet Port Terminals (TPT) of a permanent operating licence to operate the manganese container terminal at the Port of Ngqura, near Port Elizabeth.

Monday, August 17, 2015

Brazil Court Orders Vale to Halt Amazon Nickel-Mine Operation

A Brazilian federal court on Friday ordered Vale to halt activity at its Onsa Puma nickel mine, in Brazil’s Amazon state of Para, until it can demonstrate what actions it has taken to compensate indigenous communities in the region.

Monday, August 17, 2015

Armco Metals Holdings Announces Financial Results for the First Quarter of 2015

Armco Metals Holdings, Inc. ("Armco Metals Holdings" or "the Company") (NYSE MKT:AMCO), a U.S. based company that engages in the import, sale, and distribution of metal ore and non-ferrous metals in the People's Republic of China, recycles scrap metals used by...

Monday, August 17, 2015

Government Takes Steps to Boost Its Fragile Economy

Armco Metals Holdings, Inc. ("Armco Metals Holdings" or "the Company") (NYSE MKT:AMCO), a U.S. based company that engages in the import, sale, and distribution of metal ore and non-ferrous metals in the People's Republic of China, recycles scrap metals used by...

Monday, August 17, 2015
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