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Indonesia’s nickel prices surge amid probe into mining approvals

Prices of nickel ore in top global producer Indonesia have surged about 10% in recent weeks, say local buyers, after an investigation into mining quotas disrupted production of the metal used in stainless steel and batteries.

Thursday, August 24, 2023

Nornickel plans to move some trading to Dubai

MMC Norilsk Nickel PJSC has established an office in Dubai, becoming the largest Russian metals and mining firm to set up in the United Arab Emirates following the Kremlin’s war in Ukraine.

Thursday, August 24, 2023

5G, industrial internet to lift manufacturing

Execs, experts underline high-techs' role in upgrading traditional industries.

Wednesday, August 23, 2023

BHP reports profit slump for 2023 as commodity prices fall.

Reported figures for the financial year ending on June 30, 2023, reveal a steep slump in earnings for Australia’s largest company, known for its domination in the commodities sector. Revenue fell by 17%, from $US65.1bn ($A101bn) in FY22 to US$53.8bn ($A83.8bn...

Wednesday, August 23, 2023

Tokyo Steel to keep product prices unchanged for 2nd month in Sept

Tokyo Steel Manufacturing Co , Japan's top electric-arc furnace steelmaker, said on Monday said it would keep steel product prices unchanged in September to reflect sluggish demand at home and abroad.

Wednesday, August 23, 2023

July 2023 crude steel production

World crude steel production for the 63 countries reporting to the World Steel Association (worldsteel) was 158.5 million tonnes (Mt) in July 2023, a 6.6% increase compared to July 2022.

Wednesday, August 23, 2023

Queensland urges BHP to invest in the state

Queensland Treasurer Cameron Dick has warned BHP that he may cancel the major miner’s leases in the state unless the company backtracks on its decision to pause new investments.

Wednesday, August 23, 2023

Tsingshan starts 50,000t nickel plant in Indonesia

Major Chinese nickel maker Tsingshan Group has started commercial production of refined nickel in Indonesia, three sources familiar with the production told Reuters on Monday.

Tuesday, August 22, 2023
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