China Increases 3.3 Milliion Tonnes of Stainless Steel Capacity in 2015

[Ferro-Alloys.com]China increases its stainless steel capacity by about 3.3 million tonnes in 2015, mainly thanks to the new mills like Chengde Group, Guangxi Zhongjin Metal, Taihe Stainless Steel, and etc.

Wednesday, December 23, 2015

Glencore Shares Soar as Company Spurts Cash, Reports “good” China Sales

The share price of Glencore soared more than 14% in Johannesburg after the diversified mining and marketing company told investors it would remain comfortably cash positive at materially lower commodity prices, had $14-billion liquidity headroom, beat its capi...

Friday, December 18, 2015

Yildirim Will Cut 250kt Chrome Ore from January

Yildirim Group will suspend 250,000 tonnes of chrome ore production in Turkey from January 2016, because of low prices, the industrial group announced on Thursday December 17. Unprofitable mines in Kayseri, Hatay, Elazig, Konya and Fethiye will close due to...

Friday, December 18, 2015

Zimasco Signs $12m Lease Agreement

At full throttle, Portnex International is expected to process 240 000 tonnes of raw chrome per annum which translates to 100 000 tonnes of ferrochrome over the same period. THE country’s biggest ferrochrome smelter and miner, Zimbabwe Mining and Smelting Com...

Friday, December 18, 2015

Zimalloys Restarts Smelter

[Ferro-Allos.com]Prices of high-carbon ferrochrome producers were lowered to the tender price of Baosteel after the great decline in the price in December 2015. It becomes harder for the ferrochrome traders due to the great decline. Stainless steel mills will...

Thursday, December 17, 2015

S. African Charge Chrome Price for Europe in Jan-Mar Down by US Cents 12

On December 9, Merafe Resources Limited, South Africa, a joint venture partner for Glencore -Merafe Chrome Venture announced on its home page that the benchmark price of South African charge chrome meant for Europe for shipments from January to March in 2016 w...

Wednesday, December 16, 2015

Glencore Aannounces Ferrochrome and Nickel Production Forecasts in 2016

Glencore has recently announced its 2016 production forecasts, with the ferrochrome production is about 1.6 million tons, for +/-25,000 tons and the nickel production is about 116,000 tons, for +/-4000 tons.

Tuesday, December 15, 2015

IFM SA Placed on Business Rescue

Deteriorating business conditions have pushed London-listed International Ferro Metals’ South African subsidiary (IFM SA) into business rescue proceedings.

Wednesday, December 9, 2015
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