Oman’s Sohar Port and Freezone has unveiled a new $19 million ferrochrome smelter, the second of five planned for Sohar, production at which will be led by Gulf Mining Group, a leading producer and exporter of chrome ore.

Four mines operated by the Odisha Mining Corporation (OMC), a state government PSU, may have to suspend operations by the end of this month as the deadline to obtain clearance for the entire forest land within the lease area ends on January 31.

[Ferro-Alloys.com] Chinese FeV was quoted at RMB69,000-70,000/mt (USD11,311-11,475/mt, export duty excluded) by acceptance. In mid-month, major steel mills didn’t enter the market, and deals concentrating on scattered buying activities. Steel mills pressed th...

[Ferro-Alloys.com] Chinese FeMo price edged down to RMB82,000-83,000/mt (USD13,442-13,606/mt, export duty excluded) by acceptance. In mid-month, steel mills made scattered tenders, and pressed tender price as low as RMB81,000-82,000/mt (USD13,278-13,442/mt, ex...

[Ferro-Alloys.com]The LME nickel price increased by 2.11% last Friday, closing at 14780. The price created a week low at 13945 which was also a 11-month low...

producers felt unprecedented pressure. As confidence of participants further waned, operation rates in southern area of China continue to shrink with less than 20%, while in north, the operation rates also face to drop on the ground of poor sale.

[Ferro-Alloys.com]Flat market demand coupled with rising capital financial pressure further hit ore traders’confidence. In recent period, Australian Mn46 lumps were focused on RMB33-34/mtu at northern ports

Chinese Mg Consumers Kept Normal Operation in China(January12th–January16th)