Metallurgy news
-
EU reduced imports of iron ore in the first half of 2016In June this year, the 28 member states of the European Union imported 10.16 million tons of iron ore, down 0.8% year on year. During the first six months of this year, the total was 53.323 million tonnes, down 9.2% year on year. The European block imported over 25 million tonnes of iron ore from…
-
Nickel and zinc have record shortages in the first half of 2016 - WBMSThe latest Balance of Metals report published by the World Bureau of Metals Statistics (WBMS) indicates that the nickel market ended in deficit between January and June 2016. In addition, tin and zinc were also deficient during this period. The global nickel market ended in a shortage of 80,800…
-
India is interested in the development of coal and ore deposits in RussiaIndia has expressed interest in the joint development of coal deposits and the extraction of iron ore in Russia in order to strengthen bilateral trade and economic ties. During the meeting of the India-Russia Working Group on Industrial Cooperation and Modernization, such areas of common interest…
-
Germany increases gas imports of GazpromGermany increased gas imports from Russia by 11.7% to 2 billion cubic meters in the first half of August compared to the same period last year, Gazprom head Alexei Miller told reporters. “August is traditionally the season for pipeline repairs and a decline in gas demand. But our partners in Europe…
-
China's battle with overproductionChina's goal of cutting steel production by 45 million tonnes in 2016 has been nearly half-met in the first seven months of this year, so there is still a lot of work to do. The slowdown in global economic growth and the decline in infrastructure construction led to a decline in demand for steel…
-
Russia is about to become the world's largest exporter of wheatWheat exports from Russia are expected to outpace the European Union this year, according to the US Department of Agriculture (USDA), according to which Russia will become the world's largest exporter for the first time. Russia's exports are expected to grow 4.5 million tonnes in 2016/17 to a…
-
Aluminum peaked within a monthAluminum hit a 1-month high and copper also gained as speculators bought metals amid a weakening dollar, which came under pressure from signals that US interest rates would hold. Nickel, however, has resisted a stronger trend as investors were aware of the impact of environmental audits on…
-
Nickel prices gain resistance after strong gainsNickel prices hit an annual high in early August and rose more than 10% in the third quarter as the Philippines restrains mining by shutting down mines that do not meet international standards. So far, the crackdown has resulted in the suspension of operations at eight mines. At the same time…
-
Alumast stops working in RussiaThe Council of the Polish company ALUMAST (Alumast) made a decision to liquidate the subsidiary ALUMAST RU, citing among the reasons the absence of a suitable business climate for Polish companies in Russia. The company is a leading manufacturer of composite and aluminum lighting and construction…
-
Mining giant BHP publishes fatal resultsThe world's largest mining company BHP Billiton suffered multibillion-dollar losses in the previous fiscal year ended June 30. The company painfully suffered the decline in raw material prices. CEO Andrew McKenzie said: “The past 12 months have been a big challenge for the company. However, our…
Pages
← previous
next →
