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Global insight

Nornickel makes Asia pivot as metals price drop hits H1 profits

Russian miner Nornickel said on Wednesday that Asia had become the company’s largest market in terms of revenue for the first time, as it posted a 79% year-on-year drop in first-half net profit after key metals prices declined.

Thursday, August 3, 2023

Zimasco switches off two furnaces

Based ferrochrome producer, Zimasco Private Limited, has temporarily switched off two furnaces thereby cutting operations by 25 percent as it seeks to mitigate against the ever-increasing production costs amid a global market downturn.

Wednesday, August 2, 2023

The impact of green mining on chrome ore price: A detailed market insight

The fluctuating trend of chrome ore prices in the Indian market is an absolutely concerning matter due to its escalating demand for various industrial applications. Chrome ore is an essential component in the manufacturing of various grade ferrochrome- a highl...

Wednesday, August 2, 2023

Russian Railways' network loading in 7M’2023 climbed by 0.7% YoY to 722,2 million tonnes

Russian Railways' network loading in 7M’2023 climbed by 0.7% YoY to 722,2 million tonnes

Wednesday, August 2, 2023

Genmin gets enviro approval in Gabon

Iron-ore junior Genmin has received environmental approval for its Baniaka iron-ore project in Gabon.

Wednesday, August 2, 2023

Vale to sell 13% stake in base metals unit for $3.4 billion

Vale (NYSE: VALE) has reached two separate agreements to sell a total 13% stake in its transition metals business for $3.4 billion, aiming to boost its copper and nickel output. The deals would value the company’s base metals unit, Vale Base Metals (VBM), at ...

Friday, July 28, 2023

First Quantum starts output at Africa’s biggest nickel mine

First Quantum Minerals Ltd. started production at what is set to turn into Africa’s biggest nickel mine, furthering Zambia’s aim of becoming a key supplier of battery metals for the electric vehicle revolution.

Thursday, July 27, 2023

Fortescue marks record shipment in full year

Iron-ore major Fortescue has reported record iron-ore shipments for the full year ended June following a strong June quarter.

Thursday, July 27, 2023