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Iron ore profits to drop by a third as miners eye China demand
Rio Tinto is the first of the global iron ore majors expected to report lower half-year earnings from this week, as supply chains normalize after Covid-19 and attention turns to how suppliers to China’s steelmaking industry see customer demand. |
June 2023 crude steel production
World crude steel production for the 63 countries reporting to the World Steel Association (worldsteel) was 158.8 million tonnes (Mt) in June 2023, a 0.1% decrease compared to June 2022. |
Kumba lowers full-year sales guidance as logistics challenges persist
Kumba Iron Ore achieved a solid operational and financial performance for the six months ended June 30, despite ongoing logistics constraints and weak global steel demand impacting on iron-ore markets, while continuing to drive for zero harm and the eliminatio... |
Ferrosilicon Futures close at 6922 on July 25, up 0.61%
The 2310 ferrosilicon contract price on ZCE closed at 6922 yuan per ton on July 25. |
Tycoon Jindal’s JSW Steel scouts for global coal mining assets
JSW Steel is on the lookout for coal assets globally as the tycoon Sajjan Jindal-led mill seeks to tie up raw material supplies for its expansions in India. |
Glencore backed and ready to hit production status: Pacific Nickel Mines
Pacific Nickel Mines (ASX: PNM) has submitted a notice for the final US$19 million of a US$22 million loan from mining giant Glencore to help develop its Kolosori Nickel Project in the Solomon Islands. |
Phenom Signs Offtake Agreement with Japanese Vanadium Solid-State Battery Company And Gains a 5% Equity Interest
Phenom Signs Offtake Agreement with Japanese Vanadium Solid-State Battery Company And Gains a 5% Equity Interest |
Ferrosilicon Futures close at 6848 on July 24, down 1.50%
The 2310 ferrosilicon contract price on ZCE closed at 6848 yuan per ton on July 24. |
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