Metallurgy news
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Aboriginal people open their first mine in AustraliaSunday was a big day for Aboriginal people in Northern Australia with the opening of a new bauxite mine. At a ceremony marking the official opening of the mine, leader Gumatj Galarrwyy Yunupingu dumped a handful of bauxite into the hands of two Rio Tinto workers. The event was historic because it…
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India: rising iron ore pricesIncreases in iron ore prices from Indian suppliers, most notably the National Mineral Resources Development Corporation (NMDC), disrupted steel production. Industry sources say the nominal increase at regular intervals in line with the international price has affected small and marginalized…
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European coal plants will declineBy 2030, 97 percent of businesses will have negative cash flow as the European Commission plans to end so-called “to coal” payments by the middle of the next decade and battery technology will improve to provide more power needed during peak hours. “Coal will be put in a death spiral, and asset…
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Vale aims to halve its debtThe world's largest iron ore producer and Brazil's largest privately held company, Vale, expects to halve net debt to less than $ 10 billion by 2019 and use the additional cash flow to boost dividends. The Rio de Janeiro-based company, which earlier this week threatened to flood the market with…
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Record sales of Russian gas to Turkey recordedFor 11 months of this year, Russian gas exports to Turkey increased by more than 20%. compared to the same period last year. This means that in 11 months the import of Turkish gas from Russia in absolute terms increased by 4.4 billion m3. Thus, Ankara is the second largest market for Russian gas…
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Copper prices received significant supportCopper prices on the London Metal Exchange rose 0.6 percent, following a 0.3 percent decline in the previous month. Copper prices support the recently released Chinese trade data for November. Metal on the LME for 3-month shipments is now $ 6601.00 per tonne. China's exports rose 10.3 percent on a…
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Vale predicts a slight decrease in the price of iron ore in 2018Vale predicts a slight decrease in the price of iron ore in 2018 The chief executive of Brazilian mining company Vale said he does not expect iron ore prices next year to be much lower than in 2017. We remind you that the company occupies a leading position in the world in the extraction of iron…
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World Coal Association: Coal's role will continue despite allThe Bonn climate talks launched a global coal phase-out process. This, along with other rhetoric about events in the energy sector, will fail to lead many observers to believe that the end of coal is in sight. Predictions from the recently published International Energy Agency World Energy Outlook…
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EU agrees rules to protect against unfair tradeFor four years, the EU has come to a compromise on provisions allowing 28 to impose high anti-dumping duties on products mainly from China. On Wednesday, EU institutions announced an agreement on this issue. Proposals to strengthen trade defense instruments were presented by the European Commission…
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PJSC "ArcelorMittal Kryvyi Rih" is the largest exporter of UkrainePJSC "ArcelorMittal Kryvyi Rih" topped the top ten rating of the country's exporters. The rating was compiled by the magazine “Top-100. Ratings of the largest ”according to the results of the work of Ukrainian companies in 2016 The best exporters are determined annually among the production and…
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