Metallurgy news
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BHP Billiton divested of aluminum and nickelBHP Billiton, one of the world's largest mining giants, has issued a message indicating that its management is going to sell part of the assets. The board of directors at the next meeting this week plans to consider reducing the huge portfolio formed in 2001 as a result of the merger of the British…
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TMK GIPI concludes a profitable contract for the supply of pipesThe largest pipe manufacturer of the Sultanate, TMK Gulf International Pipe Industry (TMK GIPI) LLC, a division of the global pipe manufacturer TMK, won a contract for the supply of 8 "pipes with WT up to 14.4 mm, API 5L X65 Sour pipes with 3LPE coating for Abu Dhabi Carbon Capture Project is a…
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Mining Companies Fight Ebola in West AfricaThe resource-rich countries that have been hit by the Ebola outbreak, such as Liberia, Guinea, Sierra Leone and Nigeria, are economically heavily dependent on mineral extraction. World renowned firms Rio Tinto and Vale, as well as other international companies, have been forced to act to tackle…
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Oversupply of refined copper in China will increase in 2014According to Chinese industry experts, the surplus of refined copper in the country is expected to expand further in 2014 amid weak demand from the mortgage sector and the construction industry. According to experts, August is traditionally considered a month of weak consumer demand. The emergence…
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Russian exports of stainless products fell 66 percent between January and July 2014The latest data published by the Association of Consumers and Suppliers of Special Steels and Alloys (Spetsstal) shows that stainless steel exports from Russia fell significantly in the first seven months of this year. Russian exports of stainless steel products were reported to be 4,839 tonnes…
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Joint Stock Company Mechel received a good response from Russian RailwaysOpen Joint Stock Company Mechel, as the largest company in the mining and metallurgical industry, announced a positive opinion issued by the agency of the Russian Railways (RZD), which has the ability to supply free wagons along the newly built railway track to the developed Elga coal deposit. The…
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Production of vehicles in Ukraine in July collapsed by 89%Association "Ukravtoprom" announced catastrophic performance in the automotive industry in July. This is evidenced by the fact that all enterprises in this industry produced only 555 units of equipment, cars - 343 units, trucks - 153 units, buses - 59 units, which is 89% less than a year ago. Based…
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BHP Billiton separates aluminum and nickel assets into a separate entityInvestors welcomed the news that mining giant BHP Billiton is setting up a separate company to include its AUD 20 billion in aluminum, bauxite and nickel assets. The world's largest miner issued a statement explaining that asset unbundling is the preferred option for the structural simplifications…
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Experts warn of negative consequences of higher transport tariffs for metallurgyAccording to Viktor Kovshevny, general director of the analytical center Rusmet, the expected increase in transport tariffs of Russian Railways will lead to bankruptcy of 40 mining, scrap procurement and coal enterprises, and 30 enterprises will be on the brink of survival, which will have a…
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In 2014, the global aluminum market may go into a deficit“The global aluminum market will remain in short supply for the first time in eight years,” analysts and investment banks say. The main reason for this is the growing demand for metal from the automotive industry and a sharp decline in production capacity. According to forecasts made by Sumitomo…
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