The producers in India show a reluctance to reduce prices because the producers suffer from the money-losing production and the rupee becomes strong against US dollar, and there has been no price movement since the middle of September.

Glencore said on Tuesday it was strong enough to ride out current volatility in commodity market, helping to lift the mining group’s shares by a fifth.

Scotiabank’s Commodity Price Index has plunged by 10.5% month-over-month in August, to 91.3, which placed it 13.9% below the April 2009 bottom during the last recession and the lowest level since early 2005.

Gulf Manganese Corporation proposed 53 hectare block of land for its planned manganese smelter in Timor has been officially measured and issued with a Field Map reference catalogue number.

Horizonte Minerals said on Monday that it had bought Glencore’s Araguaia nickel project in Brazil for $8-million.

Afarak Group Oyj, formerly Ruukki Group Oyj, is a Finland-based company active in the steel sector. The Company’s business comprises two production divisions, FerroAlloys and Speciality Alloys, and a sales and marketing operation, RSC Limited. The

Late last week, the US Department of Commerce report¬ed preliminary duties on Australian silicomanganese. Last Monday, CRU Ryan's Notes noted that the preliminary duty was levied at 11.93%

It was a boom for five years. With high profit margins, easy availability of iron ore and coal, and better logistics, Odisha became a hot seat for sponge iron industry in India during 2005-2010, leading to mushrooming of sponge iron units – 95 of them. Howeve...