Relevant News
AISI: US May Steel Shipments Up 1.0 Percent From Prior Month
The American Iron and Steel Institute (AISI) reported that for the month of May 2024, U.S. steel mills shipped 7,431,201 net tons. |
Electric arc furnace usage in global steel production hits 28.6%
According to data from the World Steel Association analyzed by SteelRadar, electric arc furnace (EAF) accounted for 28.6% of global steel production. |
Eramet and Huayou explore EV nickel partnership in Indonesia
French miner Eramet SA is exploring a partnership with Zhejiang Huayou Cobalt Co. to produce battery-grade nickel in Indonesia after a similar project with a European partner fell through last month. |
Beyond 2024, nickel prices to increase steadily to 2028: Fitch
BMI – a unit of Fitch Solutions – is maintaining its nickel price forecast for 2024 at $18,000/tonne as excess supply continues to drag prices down from 2022 levels, the analytics firm said in its latest market report. |
LME volumes hit 10-year high in second quarter, led by nickel
Futures and options average daily volumes on the London Metal Exchange (LME) hit a 10-year peak in the second quarter, jumping 27% year on year, the exchange said on Thursday. |
LME plans to suspend nickel brand of Nornickel’s Finnish plant from Oct 3
The London Metal Exchange (LME) will suspend the listing of a nickel brand produced by a plant in Finland owned by Russian metals giant Nornickel, it said on Wednesday, without providing a reason for the suspension. |
A ferroalloy plant is planned to be built in Kazakhstan with Turkish investment
In the Abay region of Kazakhstan, a Turkish company plans to build a ferroalloy plant and mining-processing complex worth $79.2 million. The project will start in mid-2027. |
Study confirms Jaguar’s nickel sulphide production potential
Centaurus Metals has announced the results of a feasibility study for the Jaguar nickel sulphide project in northern Brazil, highlighting the strong economics from an initial concentrate-only project delivering a long-life production profile at first quartile ... |
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