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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.

Friday, August 14, 2015

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.

Friday, August 14, 2015

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.

Friday, August 14, 2015

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.

Friday, August 14, 2015

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).

Friday, August 14, 2015

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...

Friday, August 14, 2015

CaSi Export Market Probably Affected by RMB depreciation

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.

Friday, August 14, 2015

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.

Friday, August 14, 2015
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