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Global insight

Prophecy Acquires Louie Hill Project in Nevada for Third Vanadium Transaction in 2017

[ferro-alloys.com] Vancouver, British Columbia (FSCwire) – Prophecy Development Corp. (“Prophecy” or the “Company”) (TSX:PCY, OTCPK:PRPCF, Frankfurt:1P2N) is pleased to announce that it has successfully acquired through lease, the Louie Hill vanadium proj...

Wednesday, July 19, 2017

Resurging Commodity Markets? Part 1: Vanadium

[ferro-alloys.com] The headline “commodity prices at lowest point since financial crisis” may have been publishable for the majority of the past few years, but trends are rarely everlasting, and in an era as rapidly changing as this one, nothing is guarantee...

Wednesday, July 19, 2017

Steel manufacturing cost to rise as power out of GST: Steel Ministry to PMO

[ferro-alloys.com] The steel ministry has expressed concerns that cost of steel manufacturing will increase as electricity, being one of the major inputs, has been kept out of the Goods and Service Tax.

Wednesday, July 19, 2017

Rio’s revised iron ore guidance pushes price to three-month high

Prices for iron ore skyrocketed Tuesday as Rio Tinto (ASX:LON:RIO), the world’s second largest exporter, warned Tuesday that shipments from Australia were expected at about 330 million tons in 2017. That’s down from its April forecast of 330 million-to-340 m...

Wednesday, July 19, 2017

BHP lifts iron ore production by 4 per cent thanks to record output at WA mines

[ferro-alloys.com] BHP has hit its annual production target for iron ore for the financial year and posted strong growth from its thermal coal mines at the same time an industrial action overseas trimmed its copper operations.

Wednesday, July 19, 2017

Finished steel consumption rise 2.6%; production up 8.5%

[ferro-alloys.com] Consumption of finished steel grew by 2.6% in 2016-17, whereas production grew by 8.5% over the previous financial year, according to the data published by the Ministry of Steel.

Wednesday, July 19, 2017

Steel mills market introduction briefly

The three-month copper price was trading above $6,000 per tonne at the London Metal Exchange’s close on Tuesday July 18, supported by a weaker dollar, which is trading at a 10-month low.

Wednesday, July 19, 2017

OM Sarawak Intends To Produce 35000 Tonnes of Ferroalloys

Ferro-Alloys.com: Australian Renowned Group “OM Holdings Ltd.” 75% owned & Cahya Mata Sarawak Bhd. (CMS) 25% owned Joint Venture Company “OM Materials (Sarawak)” intends to produce 35000 Tonnes of Ferroalloys per month. OM Materials (Sarawak) is fully pre...

Tuesday, July 18, 2017