Metallurgy news
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Chile Possible New Copper Mine StrikeThis year, the Quebrada Blanca mine produced 17,300 tonnes of copper, and Chile is the world's leading copper producer. Teck Resources' union at the Quebrada Blanca copper mine on Wednesday rejected a contract offer from a Canadian miner, increasing the likelihood of a strike, the union said. It is…
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World gold production will grow in the coming yearsThe BMI Research report says that global gold production growth in the coming years is based on the forecast of higher gold prices and solid projects in key countries. The firm predicts modest output growth in the Russian gold sector, while the US sector will see robust growth in gold production…
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New World Order Reconstructs Stainless Steel MarketGlobal stainless steel production reflects the shift in relative size and influence between the developed and emerging economies of the world, writes MEPS Global in a new report. Primary stainless steel production in China has grown nearly fivefold since 2006, accounting for about 55 percent of the…
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Ukraine took 18th place in the rating of European gas hubsFor the first time, Ukraine was included in the annual survey of gas hubs of the European Association of Energy Traders (EFET). In the rating of the association, Ukraine received 3.5 points and lost to such hubs from the UK (NBP), the Netherlands (TTF), Belgium (ZTP), Germany (NCG). Nevertheless…
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Iron ore will return to $ 50 - Goldman SachsGoldman Sachs analysts expect iron ore prices to drop to $ 50 per tonne in 2018 as global supply surges as VALE's strategy to increase production from its giant S11D mine in Brazil, while Chinese demand for raw materials for steel production is decreasing. Goldman forecasts show that iron ore fell…
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Higher Coal Prices Help Mechel Achieve Third Quarter Net IncomeRussian coal and steel producer Mechel said higher prices for its products provided net profit in the third quarter after losses a year earlier. Higher coal prices are underpinned by Mechel, which borrowed heavily even before the Russian economic crisis in 2014 and then struggled to keep debt…
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Coal continues to rise in valueMetallurgical coal prices reached $ 200 per tonne amid high global steel output and the tropical cyclone season in Australia. The coking coal price closed yesterday at $ 200.5 per ton. Last week, its price rose by 6.2%, in addition, the growth has been taking place for the fifth week in a row. The…
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US environmentalists fight against Canadian copper mine approvalTo preserve the scenic landscape of Santa Rytas, the Center for Biological Development and other environmental organizations have filed a lawsuit in federal court in the hope that it will overturn the US Forest Service-approved Rosemont Project in southern Arizona. The $ 1.5 billion Rosemont…
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A specialized repair company will appear at ArcelorMittal Kryvyi RihArcelorMittal Kryvyi Rih, on the basis of its seven workshops, is creating a specialized repair company, Foundry and Mechanical Plant LLC (LMZ), whose main activity will be the repair business. The creation of LMZ began in November 2017 and is scheduled for completion in April 2018. LMZ will focus…
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Chile raises copper price forecast for 2018Chileans raised their copper price forecasts over the next 12 months on expectations that stronger demand growth from China would support it globally. “Higher demand from China is projected due to higher GDP growth than anticipated in the first half of the year,” Cochilco said in a statement. The…
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