Vale Indonesia breaks ground on $2.5 billion ferronickel smelter
Mining News Pro - Nickel miner PT Vale Indonesia broke ground on a 37.5 trillion rupiah ($2.48 billion) ferronickel smelter Sulawesi island on Friday, an Indonesian senior minister said.
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Merafe’s ferrochrome earnings rocket on strong demand
Mining News Pro - Ferrochrome company Merafe on Tuesday reported an after-tax profit of R576-million in the six months to June 30 compared with a loss of R961-million in the prior comparative period.
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Ferrochrome is part of the green revolution
Mining News Pro - Diversified mining and marketing company Glencore views the ferrochrome market as being particularly strong currently.
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Iron ore price up despite high China ferrous scrap imports
Mining News Pro - Iron ore prices continued surging on Monday, propelled by recovering global steel demand.
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Indonesia drawing plans to restrict nickel pig iron, ferronickel smelters
Mining News Pro - Indonesia is considering a plan to restrict construction of smelters producing nickel pig iron or ferronickel in order to optimise use of its limited nickel ore reserves for higher-value products, a senior mining ministry official said on Thursday.
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Nonferrous metals exploration budget down by 11% in 2020
Mining News Pro - S&P Global Market Intelligence’s annual World Exploration Trends Report was released this week and shows that the global budget for nonferrous metals exploration decreased 11% to an estimated $8.7 billion in 2020 from $9.8 billion in 2019.
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Glencore records higher zinc, silver output but lower ferrochrome and copper production
Mining News Pro - Global miner Glencore says its mining assets performed well in difficult circumstances during 2020, with year-on-year increases in zinc, gold and silver production.
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First-quarter European benchmark ferrochrome price settled at $1.17/lb
Mining News Pro - The European benchmark ferrochrome price for the first quarter of 2021 has been settled at $1.17/lb, JSE-listed Merafe reports.
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Council says lower power prices are among what ferrochrome industry needs
Mining News Pro - While the Minerals Council South Africa welcomes government’s steps to support domestic ferrochrome production and the chrome value chain, it has expressed disappointed at government not addressing competitiveness in its Cabinet statement delivered in the week of October 23.
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Ferrochrome business remains solid, world still requires large amount of it
Mining News Pro - The ferrochrome business remains solid and there is still a large amount of ferrochrome required in the world.
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Visit: 933
SA’s ferrochrome retreat points to steady erosion of competitiveness
Mining News Pro - The local chromium industry is ostensibly being cut out of global ferrochrome production, owing to its eroding competitiveness and the comparatively ‘low-hanging fruit’ of supplying chromite.
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Third-quarter ferrochrome benchmark price rolls over at $1.14/lb
Mining News Pro - The European benchmark ferrochrome price for the third quarter of 2020 has been settled at $1.14/lb, a rollover from the second quarter of 2020, JSE-listed Merafe Resources advised shareholders on Monday.
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Lion ferrochrome smelter, Eastern Chrome mines restart
Mining News Pro - Operations at the Lion ferrochrome smelter and Eastern Chrome mines of the Glencore Merafe Chrome Venture have recommenced, but the Boshoek, Rustenburg, Wonderkop, Lydenburg smelters and Kroondal mine will remain on care and maintenance until the macroeconomic environment improves, Merafe Resources said on Friday.
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Merafe reports lower ferrochrome output
Mining News Pro - Merafe Resources’ attributable ferrochrome production from the Glencore-Merafe Chrome Venture decreased by about 3.6% year-on-year to 100 000 t for the quarter ended March 31.
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Second-quarter ferrochrome price rises to higher level
Mining News Pro - The European benchmark ferrochrome price has been settled at $1.14/lb for the second quarter of 2020, Merafe Resources advised shareholders on Wednesday.
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Weekly Overview;
Global Ferrous Scrap Market
Mining News Pro - Global ferrous scrap market witnessed downward trend in prices for all major markets yet again.
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India: Ferro Chrome Producers Lower Prices on Depreciation of Indian Currency
Mining News Pro - Indian Ferro Chrome prices have gone down in line with the depreciated Indian currency against USD
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Ferro Silicon Prices Remain Stable
Mining News Pro - Indian Ferro Silicon prices remain stable amid short supply situation in Bhutan and Guwahati.
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Tsingshan group reduces January Purchase Price of Ferro Chrome
Mining News Pro - Tsingshan group in China announced its January tender price for HC Ferro Chrome which is down by RMB 200 (USD 29) from December levels. The prices for Ferro Chrome were earlier dropped by RMB 400 (USD 57)/50 basis tons in December.
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Samancor to cut chrome ore, ferrochrome output
Mining News Pro - A continued deterioration in market conditions, depressed prices and higher electricity tariffs has prompted Samancor Chrome to reduce its chrome ore and ferrochrome production levels for 2020.
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Visit: 1024
Lithium Australia successful at building lithium-ferro-phosphate batteries
Mining News Pro - VSPC, a wholly-owned subsidiary of Lithium Australia, announced that it successfully built and tested lithium-ferro-phosphate batteries using high-quality cathode material composed of lithium phosphate from spent lithium-ion batteries.
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Global Ferrous Scrap Market Overview
Mining News Pro - Global ferrous scrap prices observe softening in almost all major markets on weak demand this week except East Asia. Turkey steelmakers booked a single cargo, however, Japanese scrap prices observe marginal correction in the monthly Kanto monthly export tender. Chinese scrap prices lowered successively on sharp fall in Iron ore prices with three price cuts announced for domestic scrap purchase by Shagang Steel.
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Visit: 1787
Russian scientists working on technology for extracting non-ferrous and noble metals
Mining News Pro - Researchers at Russia`s Ural Federal University, known by its initials UrFU, are working on a method for extracting non-ferrous and noble metals from hard-to-process ores.
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Global Ferrous Scrap Market Overview
Mining News Pro - Major global scrap markets observed price correction on weak demand globally. Turkish steel mills booked cargoes at lowered prices amid subdued steel demand. Japan`s monthly Kanto tender for Apr`19 fetched bids lower by USD 15 against last month.
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Visit: 1374
Inaugurations of a Ferrosilicon Aluminum Plant in Tabas
Mining News Pro - Chairman of Ministry of Mine, Industry, and Trade of Tabas: Ferrosilicon-Aluminum plant will be inaugurated by foreign investment.
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Visit: 1238