Metallurgy news

• Asia to dominate global scrap metal trade by 2020 In the global scrap market, Asia is projected to lead by 2020, accounting for more than 40 percent of global volume, according to a recent TechNavio study. Asia is expected to be able to trade over 258 million tonnes of scrap steel in 2020, out of a global 633 million tonnes, the study said. In... 12.05.2016  14:46

• Chinese steel mills cut losses in March According to the China Iron and Steel Association (CISA), China's largest steel mills returned to profit in March, reducing losses in the first quarter to 8.75 billion yuan, or about 1.35 billion euros. China's operating losses for the metals industry have declined over the past few months.... 12.05.2016  11:12

• Silver demand hits record high Silver demand hit record highs last year with jewelry, coins and photovoltaic sectors, helping to boost sales of the precious metal Experts also predict rosy silver prices. Last week, analysts attributed the growth to the strongest decline in mine productivity in recent years and an increase in... 11.05.2016  10:35

• Seven applicants for British Tata Steel designated Tata Steel's board announced that a number of companies have expressed interest in acquiring the British company. For further discussion, seven of them were selected, which are ready for the adoption of the entire concern in this country. Tata Steel Europe plans to sell its entire business in... 11.05.2016  09:56

• Oil prices rise amid news of fires in Canada and Nigeria Serious fires in Canada in the oil sands region of Albert province have led to a reduction in the production of oil companies in that country. The fires that began in May caused a decrease in oil production in Canada, by about 2.5 million barrels per day. Reports of supply problems overshadowed... 11.05.2016  09:34

• Iran has no plans to freeze oil production Iranian Oil Minister Bijan Zangane said that Iran is not currently considering the possibility of freezing the level of oil production offered by Saudi Arabia. IRINN TV channel quoted the minister: “I had a conversation with the Minister of Oil of Saudi Arabia at that meeting (in Doha - ed.), B... 10.05.2016  11:59

• Goldman predicts iron ore price at $ 40 by the end of 2016 In the report, the influential investment bank raised its quarterly forecast for iron ore from 47 percent to $ 55 per tonne. Further, iron ore will fall steadily from July to September to $ 45 and will drop to $ 40 in the fourth quarter. Goldman Sachs expects iron ore to decline throughout... 10.05.2016  11:51

• Luxembourg strives to become a leader in asteroid mining The Luxembourg government has ambitious plans to profit from asteroid mining by signing a contract with two US space exploration companies that will eventually conduct missions to extract water and minerals in outer space. The tiny European country has been exploring the sector since 2013, and... 10.05.2016  09:54

• China with the World Bank to build a new Silk Road China Investment Bank AIIB will promote the World Bank's three major transport projects in Central Asia. The collaboration shows that Western financial institutions are beginning to accommodate China's new role - much to the chagrin of the US government. The Asian Infrastructure Investment Bank... 09.05.2016  11:03

• IMF expects resumption of economic growth in Russia IMF Head Christine Lagarde sees positive trends in the development of Russia and expresses concerns about the eurozone. Russia may soon come out of the recession and return to growth. However, this year, the economy is still expected to weaken, as the IMF said in its semi-annual report on Central,... 08.05.2016  13:01