Metallurgy news
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Lead production in China's Henan province to decline in 2015The main lead processing plants, centered in central China in Henan province, are planning to cut production by 15 to 30 percent in 2015 due to falling global lead prices, according to a report from the Non-Ferrous Metals Industry. Domestic lead futures have dropped below smelter costs in recent…
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In Turkey, the price of imports of scrap metal risesThe decrease in the supply of ferrous scrap in the market has led to an increase in prices for these materials imported to Turkey. Scrap prices are expected to continue to rise further in anticipation of tougher weather conditions in Europe, the US and the Baltic region, which will not cause…
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Hindalco plans to record aluminum exportsAluminum company Hindalco Industries, owned by Indian billionaire Kumar Sangalam Birla, intends to increase its exports to a record $ 1 million by the end of March. At the same time, the calculation is made mainly for an increase in demand for aluminum in the United States and Europe. Export…
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Major factories in Japan reduced production of stainless steelStainless steel production at Japan's 6 major plants in October 2014 was 287,192 tons, down 5.7 percent from 304,514 tons in the previous month. This also represents a 6.1 percent reduction from a year earlier, with stainless steel yields of 305,891 tonnes. In October, the production of several…
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Southern Copper Receives Permission to Mine ExpansionThe Peruvian government has said it has reached an environmental agreement on a project by South Copper, an investment of $ 1.2 billion to expand Tokepala's copper quarry. The project is expected to increase the country's copper production by 100,000 tons per year. The construction of new mine…
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Export price of scrap metal from Brazil fell 20 percentThe country's National Institute of Ferrous Scrap said that export prices for ferrous scrap in November fell to their lowest level in 2014 and were 20 percent lower than in the same month of 2013. The value of prices for export of scrap metal in November fell to an average of $ 323 per tonne…
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Novelis selected as aluminum supplier for new Jaguar XEThe Jaguar XE was recently launched in Europe. Novelis Europe Auto, a subsidiary of American aluminum company Novelis, has announced that the new Jaguar XE is the first mid-range model to use aluminum heavily for its body structure. The car's structure is made from the Novelis Advanz 6000 series of…
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Eurofer demands a tax on Chinese rebarThe EU steel industry group, Eurofer, wants to impose a tax on imports of Chinese rebar, due to unfair pricing of products, which could lead to tensions in trade relations between Europe and China. Eurofer decided to take action against trade in rebar below intrinsic value in about 28 countries…
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RUSAL announces acquisition of Timano sharesRUSAL announces the completion of a transaction with the Fund for the Support of Investment Projects in the Komi Republic in order to receive the remaining 20 percent of Timan's Boksit shares. The completed transaction provided RUSAL with the right to own 100 percent of the Timano mine. The deal…
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Metalloinvest renews MGOK's license until 2034Metalloinvest announced the renewal of its subsoil use license for the Mikhailovsky GOK mining operations in the Kursk region, Russia. The license was extended by the Subsoil Use Department for the Central Federal District and is valid until December 31, 2034. Previously, the license was granted…
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