Metallurgy news

• Iron ore prices rise 47% in two months Steelmaking raw materials rose 4% to $ 78.10 a tonne, the highest since April 7, as Chinese steelmakers accelerate production ahead of sanctioned winter cuts, according to data provided by The Steel Index. Beijing wants to cut production by as much as 50% during the winter months to combat smog,... 22.08.2017  14:29

• New incentives for copper and aluminum The growing demand for electric vehicles is increasing the demand for more than just lithium or cobalt over time. The transition from gasoline to electricity will require the development of new infrastructure, which is also rich in copper and aluminum. Copper has always had a demand associated... 21.08.2017  11:07

• Iranian steel mills increase supplies of billets to the domestic market The Iranian government has asked domestic steel mills to allocate more billets to the domestic market, where demand has increased significantly, reducing exports. Officials from major steel producers, the Iranian Commodity Exchange and Producers' Association attended a meeting hosted by... 21.08.2017  10:27

• Iron ore and coking coal prices are up 40% since June A spike in steel production in China is pushing up commodity prices at a time when Japanese demand is recovering amid a construction boom in the capital. Steel makers tend to transfer the higher material costs to the price of the product. Spot prices for Australian iron ore, the benchmark,... 21.08.2017  10:17

• Changes in Brazilian mining legislation could distort the global market Concerns over new regulations in the mining industry stem from a package of three presidential decrees issued last month. Changes related to the renewal of the country's legal framework in the field of mining, suggest a tax increase of 80%, which will lead to high costs, higher research costs... 20.08.2017  10:41

• Gold rush in Nicaragua Gold mining in Nicaragua, the largest country in Central America, is experiencing a dramatic increase thanks to the arrival of foreign companies with the money and knowledge to use the country's reserves. Gold mining has doubled in the country over the past 10 years According to a recent COPADES... 19.08.2017  12:41

• Zinc reaches its highest level in a decade Zinc prices rose significantly this week as they hit their highest level in nearly a decade thanks to robust global demand, declining inventories and a metal shortage in China, which accounts for over 40% of global zinc consumption. on the London Metal Exchange, three-month zinc futures are... 18.08.2017  12:14

• Copper price is close to the highest level since the end of November 2014 Copper in 2017 increased in percentage terms by 18%. In addition, the red metal recovered 54% in value after falling to a six-year low below $ 2.00 a pound in January last year. Copper futures traded on the Comex market in New York rallied amid global supply turmoil, and large speculators are... 18.08.2017  12:06

• Iron ore resumes price growth Steel raw materials jumped 5.6% to hit $ 75.70 a tonne, close to four-month highs last week, according to data provided by The Steel Index. The price of iron ore is now trading 43% higher than its 2017 lows of just two months ago, as China's resistance to pollution in heavy industries forces the... 18.08.2017  11:57

• Ireland bans hydraulic fracturing Ireland joined France, Germany and Bulgaria, which previously banned hydraulic fracturing. The upper house of the Irish parliament has approved the decision of the lower house to ban the use of hydraulic fracturing in the exploration of drilling for oil and gas onshore. In the Netherlands,... 17.08.2017  11:32