China insight
Indonesia’s growth in stainless steel industry shines light on chrome, ferro-chrome shipments
“Tsingshan may [bring an] additional 0.4 million tonnes of ferro-chrome capacity into production in the second half of 2023 and it will need less imported ferro-chrome, but more chrome ore,” Zhang said. He said that would lead to “a change in global ferro-c... |
Chinese green ferro-alloys on the way
Ferro-alloys is a highly energy-intensive industry and one of the key sectors attracting the attention of government departments and industry market participants over its progress in terms of its green development. |
Ferro-silicon: weak supply, demand weighs on prices
China’s ferro-silicon market has displayed weak momentum since the beginning of 2023, with decreasing supplies and demand between January and May 2023. |
Glencore offers to buy rest of PolyMet for $71m
Mining and commodities giant Glencore (LON: GLEN) has offered PolyMet Mining (NYSE: PLM) (TSX: POM) to buy the company’s shares it does not already own for $2.11 in cash each, or about $71 million. |
Tata Steel's NINL plant reaches 100% capacity utilisation within 1 year of acquisition
Tata Steel's NINL plant reaches 100% capacity utilisation within 1 year of acquisition |
Exports in May 2023: -0.1% on April 2023
Exports in May 2023: -0.1% on April 2023 |
Nickel prices to weaken on market surplus: Australian government
Nickel supply surplus over the next two years will keep nickel prices lower, according to the Australian government’s latest Resources and Energy quarterly report. The LME nickel price, which is forecast to average about USD23,000/mt in 2023, respectively USD... |
$49 Million Government Grant Agreement Executed
$49 Million Government Grant Agreement Executed |
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