Post Brexit, UK government more likely to support Port Talbot plant: Tata Steel
NEW DELHI: Tata Steel will focus on making its operations in the UK self-sustaining post Brexit, the company’s management said, even as it is in negotiations with SSAB Sweden to divest the rest of its European business in the Netherlands. The company has said that it is in talks with the UK government to support loss-making operations at its […]
Global and United States Steel Rebar Market 2020 Upcoming Trends, Growth Drivers and Challenges, Forecast to 2026 by Commercial Metals Company, Essar Steel, Evraz plc
Global and United States Steel Rebar Market Research 2020-2026 may be a historical summary and in-depth study on the present & future market of the Steel Rebar industry. The report represents a basic summary of the Steel Rebar market share, competition section with a basic introduction of key vendors, prime regions, product varieties and finish industries. This […]
Antofagasta commits to responsible copper standard
Chilean miner Antofagasta (LON:ANTO) became on Monday the latest copper major to officially commit to producing copper under the Copper Mark, a global standard that aims to hold the industry accountable to sensible practices. Originally developed by the International Copper Association with input from a broad range of stakeholders, the framework assesses miners against a set of […]
Vaccines help bolster support for base metals after 2020 surge
Chinese stimulus has helped base metals enjoy a year to remember. With a Biden win and vaccine boost coming into play, further upside seems likely. Chinese stimulus helps base metals recovery Base metals have enjoyed an incredible run higher over the course of this year with the first-quarter (Q1) declines being overshadowed by a recovery […]
Aluminium: Demand optimism prevails
China’s October aluminium production grew by 9.7% year-on-year but investors are focusing on optimism about demand and the favourable macro picture. Aluminium prices have proven to be resilient since our last update (October 14-Aluminium: Facing turbulence with resilience ), with LME aluminium jumping to its highest level since March 2019 after receiving a double boost from both macro and Chinese demand optimism, […]
Revival in demand to hold aluminium prices high
Recovery in Chinese economy, spurred by government spending, lifts global prices The strong recovery in demand post-Covid lockdown is expected to keep aluminium prices high in the short term. Though concern on second wave of Covid hitting the European countries remain a concern, the demand for aluminium remain robust across sector. Aluminium for November-end delivery […]
Industries reel under high cost, shortage of iron ore
Reeling under exorbitant cost of iron ore amid acute shortage, private sector iron and steel industries in Sundargarh district, mostly in MSME category, have reiterated demand for intervention of the State and Central governments to augment supply with corrective measures. The iron ore shortage is due to closure of 21 mines in March, 2020 […]
Australian coal exports to China slump, but prices are mixed: Russell
China’s unofficial ban on coal imports from Australia is starting to take its toll on volumes, with departing cargoes down sharply so far in November. But something odd is happening with prices. China imports two main types of coal from Australia, coking coal used to make steel and thermal coal, used predominantly to generate power, […]
Global Metallurgical Coal Market Size Analysis With Concentrate On Key Drivers, Trends & Challenges 2020-2026
The Metallurgical Coal market report provides a detailed analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunities analysis, strategic market growth analysis, product launches, area marketplace expanding, and technological innovations. The global […]
Endeavour to buy Teranga Gold, creating top 10 gold miner
Canada’s Endeavour Mining (TSX: EDV), already West Africa’s top gold producer, has agreed to buy Teranga Gold (TSX: TGZ) in an all-share deal worth C$2.44 billion ($1.86 billion), which would create a top 10 gold producer. The Toronto-based miner is offering 0.470 of its own shares for each Teranga share, a 5.1% premium to Teranga’s closing price on Friday. […]