Metallurgy news

• Codelco is going to mine copper under the Chilean glacier The Andean glacier in Chile is threatened not only by global warming, but by the expansion of a government-owned copper mine. The world's largest copper producer, state-owned Codelco, has proposed a $ 6.8 billion plan to expand the Andina mine, which experts consider highly controversial. Now... 04.10.2014  10:07

• World's largest recycled aluminum center opens in Germany The world leader in rolled aluminum production, Novelis, has officially opened the world's largest recycling center for secondary aluminum at Nachterstedt, which is located next to the company's German rolling mill. The recycling center, worth $ 258 million, is expected to be able to process... 03.10.2014  10:58

• Newmount Resumes Indonesia Copper Exports In early January 2014, the Indonesian government imposed a ban on the export of copper ore and introduced a progressive tax on copper concentrates, starting a long standoff between the government, companies and processing plants in the country. Copper export restrictions and the imposition of a tax... 03.10.2014  09:22

• Australian mining companies improve nickel outlook for 2015 The nickel price outlook assumes an increase of nearly 11 percent above the current average nickel price of $ 18,000. In addition, all forecasts for nickel prices, which were announced in 2014, will be exceeded, according to analyst Carey Smith of Alto Capital. The company believes that the nickel... 02.10.2014  11:31

• The aluminum deficit deepens further This year, the world consumption of aluminum will be higher than the world production by about 806 thousand tons, which exceeds the previous estimates by almost 217 thousand tons. Analysts say most of all base metals currently have a healthy supply and demand balance compared to other commodities.... 02.10.2014  10:59

• US steel imports rose 5 percent in September 2014 According to the Steel Import Monitoring and Analysis (SIMA), the country's imports rose during September 2014 to 3.879 million tonnes, up 5 percent from 3.678 million tonnes of steel recorded in August this year. Imports of finished rolled products in September this year were 3 percent higher... 02.10.2014  10:13

• China's steelmakers cut product prices Major Chinese manufacturers, including Shagang, have announced rebar and wire price cuts of 100 yuan ($ 16) per tonne starting in October following recent declines in raw material prices. The sharp drop in Chinese domestic steel prices as well as iron ore prices continued throughout September,... 01.10.2014  12:04

• SUMITOMO CORP Shares Drop To 18-Year Low On Shale Gas Project Losses Sumitomo Corp, a Japan trading house associated with the steel products, engineering, energy and minerals business, cut its annual profit forecast by 96 percent on losses on a US shale gas project and plummeting iron ore and coal prices. Japanese trading houses have invested heavily in North... 01.10.2014  11:07

• Mexican government considers anti-dumping tax on steel imports At the request of domestic hot rolled steel coil producers, the Mexican ministry has announced an open investigation into the import of hot rolled strip from China, France and Germany. According to the Cancero Steel Association, the Ministry was approached by the companies Ternium and Altos... 01.10.2014  10:31

• NLMK improves efficiency of blast furnace operations NLMK Group, Russia's largest manufacturer of high value-added steel products, has improved the energy efficiency of blowing equipment used in blast furnace processes in Lipetsk. This upgrade will enable NLMK to reduce its environmental impact and save approximately RUB 210 million per year by... 30.09.2014  10:42