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Mincor Battles Falling Nikcel Prices and Higher Costs
Despite beating production targets, nickel miner Mincor Resources reported a total net loss after tax of A$34.26-million for the full year ended June, compared with a profit of A$1.85-million in the previous financial year. |
Thawing Diplomatic Relations Rekindle Prospects of US Investment in Cuba’s Mining and Petroleum Sectors
Re-establishing diplomatic relations between Cuba and the US after 54 years has rekindled fresh hopes that Cuba’s mining and petroleum industries will benefit from potential US investment in these sectors. |
Rio Tinto Predicts China Steel Production Reaches 1 Billion Tons by 2030
It is reported that Rio Tinto, Australia’s largest producer of iron ore, forecasted that the steel output in China would reach 1 billion tons by 2030 despite moderate growth in the past 18 months. |
Cored Wires: Slow Payment from Steel Mills Add to Pressure for Producers
As steel mills adjusted down purchase price and pays slow, it posed threat for cash flow of cored wires producers, their pressure surged. |
China Exported 203mt APT in June,2015, down 21.6% Y-o-Y
[Ferro-Alloys.com]In June, 2015, China exported 203mt APT, down 21.6% Y-o-Y(259mt) and 17.4% M-o-M(246mt). |
Influence of RMB Exchange Rate Fluctuations on Imported Mn Ore in China
[Ferro-Alloys.com] People who do not often have a cold can be severe once they catch cold, by the same token, not often sharp fluctuation in the RMB exchange in the past several days set off a tidal wave. From 11th August to 13th August, the RMB devaluation fr... |
CaSi Export Market Probably Affected by RMB depreciation
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Chinese calcium silicon market kept gloom with ex-work prices at RMB9,000/mt and RMB8,800/mt for CaSi30# and CaSi28#. The export market mainly was affected by the wide RMB depreciation recently. |
Vale Announces to Begin Nickel Mine Project in Canada Voisey's Bay in Next Year
Recently, the Government of Newfoundland and Labrador approved Vale’s nickel mine project located at Voisey's Bay in Canada, and the project will be officially launched next year. |
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