Mining News Agency | Scrap Export Plummets in SE Asia Market

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Russian court orders Glencore to pay shares worth 114.8m euros in Sberbank lawsuit
A Russian arbitration court ruled on Monday that four units of Swiss commodities trader Glencore will pay more than 11.4 billion roubles, or some 114.8 million euros, worth of shares in a lawsuit filed by Sberbank, according to the court.
Monday, April 15, 2024 - 23:28:22
Study hints Predictive Discovery’s Bankan project could be Guinea’s ‘largest gold mine’
A prefeasibility study for Predictive Discovery’s (ASX: PDI) Bankan gold project in Guinea gives it a net present value more than $210 million higher than its capital costs.
Monday, April 15, 2024 - 23:24:47
China state planner finalizes rule to set up coal production reserve system
China’s state planner on Friday finalized a rule to set up a domestic coal production reserve system by 2027, aimed at stabilizing thermal coal prices and supplies to power plants.
Thursday, April 11, 2024 - 22:42:29
Iron ore price drifts higher as soft China data triggers stimulus hopes
Iron ore futures prices drifted higher on Thursday as the latest soft data from top consumer China triggered renewed hopes of more stimulus in the second quarter to underpin its economy.
Thursday, April 11, 2024 - 22:38:15
Global coal power grew 2% last year, the most since 2016, survey says
The world’s coal-fired power capacity grew 2% last year, its highest annual increase since 2016, driven by new builds in China and decommissioning delays elsewhere, according to research published on Thursday.
Thursday, April 11, 2024 - 22:33:35
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Codelco aims to land partner for Maricunga lithium by next year
Chile’s state-run miner Codelco plans to select a partner for a future lithium project in one of the country’s top salt flats, Maricunga, in the first quarter next year, chairman Maximo Pacheco said on Monday.
Monday, April 15, 2024 - 23:22:03
Native American group seeks to overturn US court ruling on Rio’s Arizona copper mine
A Native American group has asked all members of a US appeals court on Monday to overturn an earlier ruling that granted land to Rio Tinto for a copper mine in Arizona, saying the land was sacred and culturally significant.
Monday, April 15, 2024 - 23:20:33
Codelco eyes partnerships to help boost ailing copper production
Codelco is exploring more partnerships with the private sector as Chile’s state copper behemoth looks to recover from a production slump and surging debt.
Monday, April 15, 2024 - 23:17:36
LME bans Russian-origin metal after UK, US impose new sanctions
The London Metal Exchange (LME) on Saturday banned from its system Russian metal produced on or after April 13 to comply with new US and UK sanctions imposed for Russia’s invasion of Ukraine.
Saturday, April 13, 2024 - 23:06:35
Zinc price trades near one-year high as market weighs supply risks
Zinc traded close to a one-year high as metals markets looked past delays to US monetary easing to focus on looming supply risks.
Thursday, April 11, 2024 - 22:40:50
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Chile indigenous communities suspend dialogue with SQM, Codelco over lithium
The four largest indigenous communities in Chile’s Atacama salt flat suspended dialogue with state-run copper giant Codelco and lithium miner SQM over expanding lithium mining in the flat, the groups said in a statement on Monday.
Monday, April 15, 2024 - 23:27:06
Elder hurt in clash between Argentinian Indigenous community, police over mining project
Representatives from the Peñas Negras Indigenous community, in northwestern Argentina, clashed with heavily armed police officers who were escorting Elevado Gold personnel up the Alto de Salle hill, in the Catamarca province.
Sunday, April 14, 2024 - 23:14:17
Chinese investors snap up copper, gold stocks to drive 10% gains
Chinese investors are snapping up stocks tied to high-flying metals from copper to gold, aiding an onshore market facing an uphill battle to cement a nascent rebound.
Wednesday, April 10, 2024 - 22:16:05
Outflows from gold ETFs slowed in March
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Tuesday, April 9, 2024 - 23:10:44
Copper price near 15-month high as supply fears spur bullish calls
Copper traded near a 15-month high as supply concerns and brighter demand prospects triggered a slew of bullish calls on the market.
Tuesday, April 9, 2024 - 23:04:16
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Berkeley to take uranium mine dispute with Spain to arbitration
Australian mining group Berkeley Energia will take its dispute with Spain to international arbitration after the country refused to give final approval to a uranium mine near the city of Salamanca, the company said on Wednesday.
Thursday, April 11, 2024 - 22:35:06
Trafigura is using late founder as scapegoat on bribes, son says
The family of Trafigura Group’s late founder Claude Dauphin has accused the trading house of using him as a “scapegoat” in its US corruption case, in an unprecedented public rebuke.
Wednesday, April 10, 2024 - 22:27:21
Polish government drops coal merger idea
Polish government is abandoning plans to separate coal-fired power plants into a special company and is considering merging them with mines, said Industry Minister Marzena Czarnecka in a interview published on Wednesday in Rzeczpospolita daily.
Wednesday, April 10, 2024 - 22:25:13
Two workers dead at Newmont’s Cerro Negro mine in Argentina
Newmont confirmed on Wednesday that two members of its workforce died this week at the Cerro Negro mine located in the Santa Cruz region of Argentina.
Wednesday, April 10, 2024 - 22:19:28
Fleet Space launches Centauri-6 satellite on SpaceX’s Bandwagon-1 mission
Australian space exploration company Fleet Space Technologies has successfully deployed its next-generation Centauri-6 satellite on SpaceX’s Bandwagon-1 mission, launched aboard a SpaceX Falcon 9 from Launch Complex 39A at the Kennedy Space Center in Florida on Sunday.
Monday, April 8, 2024 - 21:33:17
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Sunday, April 5, 2020 - 4:47:11 PM

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Scrap Export Plummets in SE Asia Market

Mining News Pro - Due to falling exchange rates against Dollar in Southeast Asia and recession of the steel markets, steelmaking companies are trying to keep scrap inventory down in order to control the cost of raw materials.

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According to Mining News Pro - In fact, purchases are only for immediate needs. The reason is the descending trend of billet and rebar which makes them high in risk and difficult for planning.

Currently, instant shipping looks more reasonable. Buying Japan’s scrap takes two weeks to be delivered but US scrap delivery takes more than a month and during the period the prices might fluctuate.

Last Thursday, A3 Russia steel scrap price was 210 usd/t (CFR South Korea) while two weeks ago same commodity was traded by 247 usd/t. This means 37 price decrease in two weeks and financial loss for buyers that bought it two weeks ago.

steel scrap , scrap , scrap market , SE Asia , southeast asia

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Russian court orders Glencore to pay shares worth 114.8m euros in Sberbank lawsuit

Chile indigenous communities suspend dialogue with SQM, Codelco over lithium

Study hints Predictive Discovery’s Bankan project could be Guinea’s ‘largest gold mine’

Codelco aims to land partner for Maricunga lithium by next year

Native American group seeks to overturn US court ruling on Rio’s Arizona copper mine

Codelco eyes partnerships to help boost ailing copper production

Elder hurt in clash between Argentinian Indigenous community, police over mining project

LME bans Russian-origin metal after UK, US impose new sanctions

China state planner finalizes rule to set up coal production reserve system

Zinc price trades near one-year high as market weighs supply risks

LME bans Russian-origin metal after UK, US impose new sanctions

Codelco aims to land partner for Maricunga lithium by next year

Codelco eyes partnerships to help boost ailing copper production

Chile indigenous communities suspend dialogue with SQM, Codelco over lithium

Elder hurt in clash between Argentinian Indigenous community, police over mining project

Russian court orders Glencore to pay shares worth 114.8m euros in Sberbank lawsuit

Study hints Predictive Discovery’s Bankan project could be Guinea’s ‘largest gold mine’

Native American group seeks to overturn US court ruling on Rio’s Arizona copper mine

Polish government drops coal merger idea

Adani kicks off $1.2 billion Indian copper smelter

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Iron ore price edges higher on hopes of China’s demand recovery

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