Metallurgy news
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Australia cuts forecasts for iron oreAustralia, the world's largest exporter of iron ore, is forecast to supply 818 million tonnes of steelmaking ingredient this year, but warns that price recovery in 2017 will be slower than previously expected due to oversupply. Australia has signaled that the current iron ore price increases are…
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Russian servicemen removed about 1,300 tons of scrap metal from the ArcticEnvironmental clean-up units under the Russian Defense Ministry have collected about 1,300 tons of scrap metal in the Arctic and prepared them for export to the mainland, according to Deputy Defense Minister General of the Army Mikhail Bulgakov. “We plan to remove 4,561 tons of scrap metal and…
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Mitsubishi opens new recycling center for electronic scrap in the NetherlandsJapan's Mitsubishi Materials Corporation (MMC) has decided to set up a new electronics waste recycling center at the Moerdijk port in the Netherlands. The new complex will help expand the collection of e-waste from the European region. Construction of the facility has already begun and is expected…
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Alumina deficit will be 4 million tons in 2016Australia's Department of Industry, Innovation and Science projects a global alumina shortage of 4 Mt in 2016 and 2017. Global consumption in 2016 is expected to grow 3 percent year on year to 116 million tonnes, while production is also expected to rise 3 percent to remain at 112 million tonnes…
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Ukraine completes construction of a railway bridge in TurkmenistanThe financial and industrial group of Ukraine Altcom is at the final stage of the construction of a railway bridge across the Amu Darya River, according to the Neutral Turkmenistan newspaper. The publication calls the bridge the most grandiose engineering structure in the Lebap region of…
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EU investigates growth in steel imports from Russia and BrazilThe European Commission will investigate an increase in the supply of cheap hot rolled flat products and galvanized steel and alloys from Russia, Brazil and three other countries, following complaints from European competitors. Such measures should not cause significant damage to Russian companies…
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Poland intends to build a kind of fence between Russia and NATOPoland is the only European country to significantly increase its defense budget by 2020, according to a report from auditing firm Deloitte. In addition, it was noted that the world economy is increasingly becoming dependent on the development of the military sector. In addition to combating…
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Oil prices rise amid data from the US and NigeriaThe American Petroleum Institute (API) announced a reduction in US oil reserves, to which world oil prices reacted during trading. The price of September futures for Brent increased by 0.47 percent and amounted to $ 49.03 per barrel. The cost of August futures for the WTI mark rose by 0.51 percent…
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Copper deficit is approachingCopper producers look forward to expanding and developing new projects to meet supply shortages projected by the end of the decade. Only six major projects to build new copper mines or expand existing ones will be completed by 2020. Political controversies, technical obstacles, and lack of water…
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Scientists have learned to extract uranium from sea waterHow much uranium is in the ocean? According to a press release from the US Department of Energy, the oceans contain more than 4 billion tons of uranium, which is “enough to meet the world's energy needs for the next 10,000 years, if only it could be possible to capture the element from seawater and…
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