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Global insight

Why The Upside For Molybdenum Prices Is Limited For The Rest Of The Year

[Ferro-Alloys.com]Molybdenum prices have rallied over 20% in recent weeks, after a weak start to the year, as indicated by the decline in Freeport-McMoRan's realized prices for molybdenum sales in Q1. However, the upside for molybdenum prices is likely to be l...

Wednesday, May 18, 2016

Premier African Resumes Mining Operations

[Ferro-Alloys.com]Premier African Minerals Limited (LON:PREM) has resumed underground mining operations at its RHA tungsten mine.

Wednesday, May 18, 2016

Global molybdenum output, usage down in 2015, surplus falls: IMOA

[Ferro-Alloys.com]Global molybdenum production exceeded consumption again in 2015, but the surplus was down on the previous year as both supply and demand fell from 2014 levels, according to figures released Tuesday by the International Molybdenum Association.

Wednesday, May 18, 2016

Turkish Magnesium Producer Esan at 25% of Capacity

[Ferro-Alloys.com]Turkish magnesium producer Esan Eczacibasi has reached about 25% of its capacity of 15,000 mt/year as it ramps up its plant in Eskisehir, the plant's director, Ilhan Goknel, said.

Wednesday, May 18, 2016

China's nine top molybdenum producers agree to 10% production cuts in 2016

[Ferro-Alloys.com]Nine leading molybdenum producers in China have proposed cutting national production of molybdenum concentrates by 10% in 2016 as the industry faces continuing challenges of severe overcapacity, cut-throat competition, slumping prices in both...

Tuesday, May 17, 2016

Cahya Mata Tumbles after Profit Plunge

[Ferro-Alloys.com]Cahya Mata Sarawak Bhd (CMS) was the top loser, shedding 48 sen to close at RM3.30 after its net profit for the first three months of this year tumbled by 98% to RM1.05mil from RM57.42mil in the corresponding quarter a year ago, weighed down ...

Tuesday, May 17, 2016

Sumitomo : Sakura Ferroalloys Has Been Successfully Hot Commissioned with The First Metal Tap

[Ferro-Alloys.com]Sumitomo Corporation (Head Office: Chuo-ku, Tokyo; President and CEO: Kuniharu Nakamura), Assmang Ltd. (Head

Tuesday, May 17, 2016

Trading Alcoa On The Short Side

In the last ISM report, steel and metal companies mentioned that higher steel prices were merely supply driven. The economy continues to plunge without any big changes. I completely agree with that. Let's take a look at primary steel industry sentiment. Sentim...

Monday, May 16, 2016