Aluminum surges on concern US may reapply Rusal sanctions

Mining News Pro - Aluminum surged to the highest in more than two years on speculation that the U.S. could reapply sanctions on one of the world’s largest producers.

ESCO’s deputy of operation:

Ineffectiveness of Sanctions on ESCO’s Production and Exports

Mining News Pro - Esfahan Steel Company has its specific market and self-sufficiency and it will continue its production and exports.

New Sanctions on Iran’s Metal Would Affect the Buyers

Mining News Pro - Donald Trump imposes new sanctions on Iran’s industrial metals. This includes industries such as iron, steel, aluminum, lead, and copper.

Aluminium falls as U.S. lifts Rusal sanctions

Mining News Pro - U.S. lifts April sanctions on aluminium producer Rusal.

Negative Effects of US Sanctions on Iran’s Steel Export

Mining News Pro - According to SteelMint, US sanctions will have negative effects on Iran’s steel industry since the beginning of March.

US delays Rusal sanctions as talks with Deripaska continue

Mining News Pro - The US Treasury Department delayed imposing sanctions on Russia’s largest aluminum producer, United Co. Rusal, for the fifth time, as it seeks to strike a deal that would allow the company to escape the penalties.

UN lifts Etritrea sanctions, freeing up mining investment and development

Mining News Pro - Danakali Ltd notes the United Nation’s decision yesterday (Wednesday, 14 November 2018) to lift the arms embargo and targeted sanctions imposed on Eritrea since 23 December 2009.

Trump orders sanctions on Venezuela gold to pressure Maduro

Mining News Pro -WASHINGTON – President Donald Trump signed an executive order authorizing new sanctions on Venezuela’s gold sector, in a bid to disrupt trade with Turkey that US officials fear is undermining efforts to pressure the South American nation’s president, Nicolas Maduro.

India Seeks Exemption from US Sanctions for Iranian Chabahar Port

Mining News Pro - Iran, of the major steel producer in MENA is currently facing sanctions from USA, owing to which many foreign companies working in Iran quit their operation.

China Likely to Set up New Banking System with Iran to Counter US Sanctions

Mining News Pro - Ongoing US Sanctions on Iran has restricted the nation to do business with many countries.

Sanctions will not create a gap in production, financial and export activities of Mobarakeh Steel Co. / Localization is a clever move.

Mining News Pro -  The deputy chairman of the Mobarakeh Steel Company, Esfahan, made a clear statement after the news that Mobarakeh Steel was placed on the list of new US sanctions imposed on the US Treasury last night.

Reasons for US boycott against Mobarakeh and Calcimine Co./ Exchange of commodity exchange is the way to deal with sanctions against companies

Mining News Pro - Mobarakeh Steel Co. and Calcimine Co., along with a number of banks, were listed on the US Department of the Daily Sweepstakes SDN, due to a stocktaking association with last night`s mobilization. Their property in the United States is blocked and American citizens are not allowed to communicate with them and will be subject to secondary sanctions.

Iran: Billet Export Offers Plummet Before November Sanctions

Mining News Pro - Iran, one of the largest billet exporter in MENA region has exported 1,790,224 MT billet and bloom during the first five months of current Persian year (21-Mar till 22-Aug’18). As per the data released by Iranian Customs, export of billet during the period was reportedly up by 42% Y-o-Y against 1,258,094 MT during the same period of last Persian year. GCC and Far East Asia was the major destination for Iranian billet.

Brent crude at highest since October 2014, Iran sanctions drive buying

Mining News Pro - Brent crude rose to a four-year high on Wednesday, as the market focused on upcoming U.S. sanctions on Iran while shrugging off the year’s largest weekly build in U.S. crude stockpiles and reports of higher Saudi Arabian and Russian production.

Analyst at the International Steel Conference at the International Steel Conference on Dialogue with Mine News;

Cooperation with Iran will depend on sanctions against the policies of companies and countries

Mining News Pro - Keyvan Jafari Tehrani on the sidelines of the Global Steel Innovation Conference, in response to a Chinese at the Mine News conference, said: "After a businessman and analyst, I believe during the boycott, the decision to continue cooperation with Iran depending on the policies of companies and countries Different.

Head of Exports of Hormozgan Steel Co.;

Three challenges to the development of steel exports / sanctions are not an export stopping factor, but an increase in export costs

Mining News Pro -If there are sanctions, shipping and shipping, we will be seriously concerned about cargo shipment.

We are not concerned about sanctions in the completion of the Sungun copper smelter / only a quarter of the deal with the outside party.

Mining News Pro - Completion of the production chain at the Sungun Copper Complex is one of the development projects of the Copper Company, which has been re-elected on the election of Mohammad Reza Bonaiasdirad as CEO of the Copper Company. Reza Sharifi, director of Sungun Copper Complex, explains:

India likely to Double its Trade with Iran Amidst US Sanctions

Mining News Pro - Recently, India’s Commerce and Industry Minister Mr. Suresh Prabhu proposed to increase the bilateral trade between India and Iran by 100% in the next five years

India likely to Double its Trade with Iran Amidst US Sanctions

Mining News Pro - Recently, India’s Commerce and Industry Minister Mr. Suresh Prabhu proposed to increase the bilateral trade between India and Iran by 100% in the next five years

Oil prices higher as U.S. sanctions limit Iran exports

Mining News Pro - Oil prices rose on Monday

Abuse of the US Strategic Oil Stocks Act to eliminate supply scarcity caused by Iran sanctions

Mining News Pro - The president of the United States has been using the country`s strategic oil reserves to finance the federal budget and pharmaceutical program to address concerns about supply shortages caused by Iran`s sanctions.

METALS-Aluminium gains as Alcoa strikes, Rusal sanctions stoke supply fears

Mining News Pro - Aluminium prices rose strongly for a second day on Thursday, hitting their highest since late June after a strike at Alcoa alumina refineries in Australia and warnings of shutdowns by Rusal revived concerns of supply shortages. Benchmark aluminium on the London Metal Exchange (LME) did not trade in official rings but was bid up 1.4 percent at $2,136 a tonne after rising 3.3 percent on Wednesday. It hit a 15-week low of $2,000.85 in late July on expectations that the United States would allow aluminium made by Rusal, the biggest producer outside China, to keep trading on global markets and trade disputes would weaken metals demand.

Focus Iranians Rush To Convert Savings Into Gold As U.S. Sanctions Target Precious Metals

Mining News Pro - A gold rush is setting upon Iran as citizens attempt to convert their savings into gold amid fears of a currency collapse and rising living costs following new U.S. sanctions.

Iran Government Restricts DRI Exports Amid US Sanctions

Mining News Pro - Iran is set to regulate exports of DRI (Direct Reduced Iron) in order to check impact of falling Iranian currency, which is the result of fresh US sanctions. Notably Iranian Rial has hit all time low to 100,000 rials per USD, SteelMint learned from market sources.

The growing trend of the Export Development Bank of Iran with the lifting of sanctions

Mining News Pro - The growing trend, improved capital adequacy ratios, and favorable liquidity ratios are interpretations that the International Institute (Capital Intelligence) has used in its latest report on the Iranian Export Development Bank.

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