Global production of molybdenum was 575.8 million pounds in 2021, a fall of 4% from 602.4 million pounds in 2020, figures released by the International Molybdenum Association (IMOA) show. Global usage rose 13% to 611.2 million pounds from 539.7 million pounds ...

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The low utilisation of hot-rolled coil (HRC) quotas so far this quarter is testimony to low demand for imported tonnes at the start of this year.

The company's standalone capacity utilisation was 98pc during January-March compared with 93pc for the same period last year.

The increases led Brazil to reach a total 182,841MW in installed capacity.

NIOB can accommodate vessels with a maximum length of 300m, width of 48m and draft of 14.5m.

Technology carrier Sumitomo Electric said that the 17MW/51MWh VRFB system it mounted to assist integrate regional wind power onto the grid has actually been in operation because 1 April after setup was finished a day earlier.