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World’s largest untapped iron ore project secures $23b in financing

Reports out of the West African nation of Guinea suggest that the giant Simandou iron ore development has hit a major milestone in its development with the project’s backers securing approximately $23 billion in financing.

Tuesday, April 16, 2024

Türkiye's steel demand is expected to increase by 9 percent in 2024

According to data published by the World Steel Association, Turkiye's steel demand is expected to increase by 9 percent this year, reaching a total of 41.5 million tons.

Tuesday, April 16, 2024

Jupiter lists achievements, goals in inaugural sustainability report

ASX-listed Jupiter Mines lists in its inaugural sustainability report, published on April 15, key areas for emission reduction such as optimising fuel use, exploring regenerative braking systems in its truck fleet and implementing other energy-saving solutions...

Tuesday, April 16, 2024

Prices of most capital goods fall in China

The figures, released every 10 days, are based on the survey of nearly 2,000 wholesalers and distributors in 31 provincial-level regions across the country.

Tuesday, April 16, 2024

Nickel premiums flat in Europe, China, amid quiet market conditions

Nickel premiums stayed flat around the world amid quiet trading in the week to Tuesday April 9.

Tuesday, April 16, 2024

Green steel blooms in Malaysia, but new moratorium could make or break it

The three-phase project will use natural gas as a reducing agent instead of coke and coal, Fastmarkets heard.

Tuesday, April 16, 2024

Horizonte Minerals fails to secure financing, considering mine sale

Shares of Glencore-backed Horizonte Minerals (AIM, TSX: HZM) plunged on Monday after the company announced it has failed to secure additional financing needed to complete the construction of its Araguaia nickel project in Brazil.

Tuesday, April 16, 2024

Ferrosilicon Futures close at 6580 on April 15, up

The total trading volume of 2405 contract on the exchange was 94480 lots, with a turnover of about 3087.5977 million yuan.

Monday, April 15, 2024
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