According to the Peru Ministry of Energy and Mines in first nine months of this year, Peru's pure molybdenum production was 14,548 tons, an increase of 17.2% year on year, to 12,409 tons.
While the plant continues to process ore into ferronickel, Vale has stopped operations at the open pit mine where it obtains the nickel ores, Jennifer Maki, Vale’s head of base metals, said on the sidelines of the annual “Vale Day” event.
Finland stainless steel maker Outokumpu announced that the company planned to deliver 5000 tons of stainless steel to Congo, the materials used for two refineries projects in the Congo.
According to Japan's Ministry of finance statistics showed in October of this year, Japan imported 7251 tons of stainless steel scrap, an increase of 4.6% month on month.
The seaborne iron ore market remained depressed on Tuesday December 1 after hitting new low a day earlier, with heavy smog in north China contributing to the pessimism.
The Metal Bulletin 62% Fe Iron Ore Index now stands at $42.24 per tonne, a loss of $0.7...
Vale expects 2016 will be another challenging year for miners but says it is continuing to restructure to adapt.
The Brazilian miner, the world’s biggest producer of iron ore, pellets and nickel, said it will be able to make these changes without having t...