Metallurgy news

• USA reduced imports and exports of rolled copper in June According to the latest statistics released by the Copper and Brass Producers Council, imports of rolled brass to the United States fell during June this year, while exports declined marginally. The data presented show that imports of rolled brass in the United States fell 6.6 percent in June... 18.08.2015  11:10

• Norilsk Nickel informs about the buyback of shares from 10 to 14 August Norilsk Nickel is implementing a program to buy back its own shares for up to $ 500 million, calculated by the end of 2015. In the future, all repurchased shares will be canceled. As part of this program, Norilsk Nickel bought back its shares from August 10 to 14, 2015. The shares were purchased... 18.08.2015  10:16

• RMB devaluation increases competition in metals markets China, the world's largest producer of steel and aluminum, has sharply increased its metal exports this year in response to overcapacity and a slowdown in the country's economy. Now, following the devaluation of the yuan, markets are gearing up for possible more aggressive exports in the... 17.08.2015  12:46

• Alro Slatina moves from losses of last year to profit in 1 half of 2015 Romanian aluminum producer Alro SA reports that its adjusted net profit amounted to 113 million lei (25.58 million euros) and was achieved as a result of lower costs and increased revenues in the first half of 2015, as evidenced by the company's financial report. In the first half of 2014, the... 17.08.2015  11:56

• A tin mining and processing plant will be built in northern Kazakhstan A tin mining and processing plant will be commissioned in the Ayyrtausk region of northern Kazakhstan in 2018. This issue was approved at the session of the regional coordination council. The coordinating council with the participation of the governor of the region of northern Kazakhstan, Erik... 17.08.2015  11:02

• The fall of the Chinese currency puts pressure on gold At a press conference in Beijing, a Chinese central bank official said the country's currency was not expected to devalue further. The People's Bank of China (PBOC) believes that "the strong economic environment, robust trade surplus, strong financial position and deep foreign exchange reserves... 16.08.2015  12:44

• Evraz Highveld Steel to Cut 1100 Jobs in South Africa About 1,100 workers at Evraz Highveld Steel may lose their jobs as the company struggles to survive. Already issued 189 notifications. Evraz Highveld Steel CEO Johan Burger confirmed that up to 1,100 employees, or 50 percent of the firm's workforce, faced the possibility of job losses. He said... 16.08.2015  12:00

• Norilsk Nickel renews the technical base of the Kola MMC The Kola Mining and Metallurgical Company, a subsidiary of Norilsk Nickel, is purchasing new machinery and equipment for all production divisions. During the first half of 2015, Kola MMC purchased 78 units of new machinery and equipment for its production and supply chain for a total amount of RUB... 16.08.2015  11:16

• Russia may stop the transit of coal through the port of Riga Andris Ameriks, Deputy Mayor of Riga and Chief Executive Officer of the port, said with reference to unofficial information that "Russia may stop using the Freeport of Riga for coal transit." Ameriks said: "I hope this information will not be confirmed, but such information, as a rule, has a... 15.08.2015  11:19

• Aluminum drops to 6 year low Aluminum prices continued to decline, approaching a six-year low, driven by fears of the devaluation of the Chinese yuan. The export price of the metal has become cheaper this week, increasing the global surplus. On the London Metal Exchange, within three months, the price of aluminum fell by... 15.08.2015  11:05