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Global insight

India unveils Minimum Import Price in order to support domestic mills

Like most regional steel industries, the Indian steel industry was sitting in a very comfortable position till 2013. The market was well balanced from both, a demand and supply perspective. In fact, the steep currency depreciation towards the start of 2013 Q...

Wednesday, March 2, 2016

Elkem Gives A Timeframe for Re-Starting Silicon Ingot Production In Norway

Five months after announcing plans to re-start solar silicon production at a former REC Solar facility in Norway, Elkem has revealed that it expects to re-open the facility in the second half of 2016.

Wednesday, March 2, 2016

Clive Palmer's Queensland Nickel begins closing temporarily over lack of ore

Clive Palmer's Queensland Nickel has begun shutting down temporarily because of a lack of ore to process.

Wednesday, March 2, 2016

Metkore Alloys & Industries Ltd Announces Extension of Power Cost reimbursement to FerroAlloys Industries

The Government of Andhra Pradesh vide its GO dated February 25, 2016 extended power cost reimbursement @ Rs.1.50 per unit for Ferro

Wednesday, March 2, 2016

Vale Keeps Feeding Iron Ore Glut but Misses Estimate

Brazil’s Vale (NYSE:VALE) kept ramping up its production of iron ore in the October-to-December period despite a global glut that has severely hurt producers and squeezed smaller competitors.

Wednesday, March 2, 2016

Vale Posts Record Loss to Sell Core Assets

Brazil’s mining giant Vale (NYSE:VALE) reported Thursday its deepest quarterly net loss ever, becoming at the same time the first of the three largest iron ore producers to put some of its core assets up for sale.

Wednesday, March 2, 2016

Indonesia to Ease Mineral Export Ban From 2017

The government of Indonesia will relax next year its ban on partially processed minerals exports, including copper, nickel, zinc and bauxite ore order to prop up its economy.

Wednesday, March 2, 2016

Glencore Positive on Coal Turnaround

Diversified mining and marketing company Glencore, which plays a leading role in the global seaborne steam coal market, including being the major exporter of the mineral out of South Africa’s Richards Bay Coal Terminal (RBCT), spoke positively on Tuesday on t...

Wednesday, March 2, 2016