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Relevant News

AISI: US domestic raw steel production in the week ending on June 29, 2024

Finished Import Market Share YTD at 23%.

Tuesday, July 9, 2024

Electric arc furnace usage in global steel production hits 28.6%

According to data from the World Steel Association analyzed by SteelRadar, electric arc furnace (EAF) accounted for 28.6% of global steel production.

Monday, July 8, 2024

Eramet and Huayou explore EV nickel partnership in Indonesia

French miner Eramet SA is exploring a partnership with Zhejiang Huayou Cobalt Co. to produce battery-grade nickel in Indonesia after a similar project with a European partner fell through last month.

Monday, July 8, 2024

Beyond 2024, nickel prices to increase steadily to 2028: Fitch

BMI – a unit of Fitch Solutions – is maintaining its nickel price forecast for 2024 at $18,000/tonne as excess supply continues to drag prices down from 2022 levels, the analytics firm said in its latest market report.

Monday, July 8, 2024

LME volumes hit 10-year high in second quarter, led by nickel

Futures and options average daily volumes on the London Metal Exchange (LME) hit a 10-year peak in the second quarter, jumping 27% year on year, the exchange said on Thursday.

Friday, July 5, 2024

LME plans to suspend nickel brand of Nornickel’s Finnish plant from Oct 3

The London Metal Exchange (LME) will suspend the listing of a nickel brand produced by a plant in Finland owned by Russian metals giant Nornickel, it said on Wednesday, without providing a reason for the suspension.

Thursday, July 4, 2024

A ferroalloy plant is planned to be built in Kazakhstan with Turkish investment

In the Abay region of Kazakhstan, a Turkish company plans to build a ferroalloy plant and mining-processing complex worth $79.2 million. The project will start in mid-2027.

Wednesday, July 3, 2024

Study confirms Jaguar’s nickel sulphide production potential

Centaurus Metals has announced the results of a feasibility study for the Jaguar nickel sulphide project in northern Brazil, highlighting the strong economics from an initial concentrate-only project delivering a long-life production profile at first quartile ...

Wednesday, July 3, 2024