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A prolonged slump in nickel prices is stress-testing producers worldwide, raising the prospect of sweeping mine closures that will deepen Indonesia’s dominance of global supply.

Turkish steelmaker Tosyali Holding AS plans to invest as much as $5 billion in a steel plant in Saudi Arabia, part of an expansion spree that includes Algeria, Angola, Senegal and Spain.

Emirates Steel Arkan(ESA) and Bahrain Steel Company have signed a five-year, $2bn deal to supply high-quality iron ore pellets.

SLN, the New Caledonia nickel producer controlled by mining group Eramet, said on Monday it was running at reduced capacity after an electrical incident over the weekend caused a local power cut.

In a historic move aimed at bolstering economic ties and fostering mutual growth, Saudi Arabia has officially signed a Memorandum of Understanding (MoU) with the renowned Brazilian mining giant,Vale Company.

S32 Quarterly Report December 2023

The miner on Monday posted a near 50% drop in second-quarter metallurgical coal output as it completed major work at an underground mine at its Illawarra operation, while its quarterly manganese production also missed estimates.

Wyloo Metals Pty Ltd., the private nickel producer owned by billionaire Andrew Forrest, is shutting down its Western Australian mines due to a sharp slump in prices for the key transition metal.