Metallurgy news

• OPEC and Russian decision to stabilize oil prices Russia's agreement with a number of OPEC countries to freeze oil production at the January 2016 level will freeze prices, but will not contribute to their growth. According to the expert, the level of production at which the parties agreed to freeze production is close to the maximum. Most likely,... 23.02.2016  11:25

• World tin market records deficit in 2015 The global tin market recorded a slight shortage during 2015, according to the latest data published by the World Bureau of Metals Statistics (WBMS). According to the WBMS, the global tin market recorded a slight deficit of 8.70 thousand tons throughout 2015. Global production of refined tin... 23.02.2016  11:12

• Imports of Russian oil to China decreased in January China's oil imports from Russia fell 30 percent in January from a record high in December, customs data showed. At the same time, imports from Saudi Arabia, the world's largest exporter, fell mildly, by about 5 percent. The main buyers of Russian crude oil in China were newly emerging importers,... 23.02.2016  10:29

• Novak did not rule out gas supplies to Europe through Ukraine after the introduction of Nord Stream-2 Russian Energy Minister Alexander Novak does not exclude a partial continuation of gas supplies to Europe through Ukraine even after the introduction of Nord Stream 2, as he said in an interview with the German newspaper Die Welt. “We do not exclude that some volumes of gas supplies will be c... 22.02.2016  10:06

• In 2016, Russian coal exports to China will remain at the same level Russia is expected to maintain its coal exports to China at the same level of 15 million tonnes achieved in the previous year, according to Russian Deputy Energy Minister Anatoly Yanovsky. Russian exports to China in 2015 decreased by 10 million tons compared to the previous year, Yanovsky told... 22.02.2016  09:50

• Nickel scrap exports fell in the USA The latest statistics released by the US Department of Commerce (DOC) indicate that the country's nickel scrap exports fell sharply by a third in December last year from the previous month. However, the average export price of nickel scrap increased during the month. The aggregate export of... 22.02.2016  09:32

• Zinc market surplus amounted to 81 thousand tons in 2015 - WBMS According to a recently released metal balance report by the World Bureau of Metals Statistics (WBMS), the global zinc market posted surplus in January-December last year after recording a deficit during 2014. According to the WBMS, the global zinc market recorded a slight surplus of 81 kt... 22.02.2016  09:09

• Brazilian mining company Vale delivers record production Vale, a major Brazilian metal mining company, raised production by 4.3% in 2015, compared to the previous year, despite a glut of the global market. From October to November last year, the company significantly increased the rate of extraction of raw materials, which led to serious damage to other... 21.02.2016  13:34

• Turkey sends missiles to border with Syria Turkey has moved missile systems to the Syrian border. They can be used in the Syrian province of Aleppo. Russia, apparently anticipating a possible confrontation, postponed the flights of several military aircraft. The missile systems are located in the Turkish province of Hatay. Hasan... 21.02.2016  13:16

• Austrian company OMV cooperates with Russia despite EU sanctions Austrian oil and gas group OMV has announced that it is firmly committed to its planned partnership with Russia's Gazprom. Thus, OMV opposes political pressure from the US and the EU to push back Russia's influence in the European energy sector. Despite tensions between the West and Russia, OMV... 20.02.2016  12:59