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Vale Keeps Feeding Iron Ore Glut but Misses Estimate

Brazil’s Vale (NYSE:VALE) kept ramping up its production of iron ore in the October-to-December period despite a global glut that has severely hurt producers and squeezed smaller competitors.

Wednesday, March 2, 2016

Vale Posts Record Loss to Sell Core Assets

Brazil’s mining giant Vale (NYSE:VALE) reported Thursday its deepest quarterly net loss ever, becoming at the same time the first of the three largest iron ore producers to put some of its core assets up for sale.

Wednesday, March 2, 2016

Indonesia to Ease Mineral Export Ban From 2017

The government of Indonesia will relax next year its ban on partially processed minerals exports, including copper, nickel, zinc and bauxite ore order to prop up its economy.

Wednesday, March 2, 2016

Glencore Positive on Coal Turnaround

Diversified mining and marketing company Glencore, which plays a leading role in the global seaborne steam coal market, including being the major exporter of the mineral out of South Africa’s Richards Bay Coal Terminal (RBCT), spoke positively on Tuesday on t...

Wednesday, March 2, 2016

Kabwe Manganese Plant to Reopen Next Month

FERRO Alloys Corporation Limited, a manganese processing plant in Kabwe, is set to re-open next month after suspending operations last December on account of “astronomical” electricity tariffs and low commodity prices. The firm runs and operates a manganese

Wednesday, March 2, 2016

The Total Daily Output Is about 300 mt in Chongqing in March

According to the survey, In March, 2016, among the eight main electrolytic manganese flake manufacture plants in Chongqing area, there are five plants are operating, and the total daily output is about 300mt. While the commercial power price is about RMB0.50 /...

Wednesday, March 2, 2016

FeSi is pushing Mg prices

Seems that FeSi producers in China shorten their supply to drive prices higher - Mg producers might follow as FeSi is #1 cost driver

Wednesday, March 2, 2016

Hundreds of workers walk away from construction of Tesla's Gigafactory

The demonstrators say they want Tesla (TSLA) to keep its tax incentives in Nevada, where the electric-car maker's Gigafactory is being built, and not use out-of-state contractors.

Wednesday, March 2, 2016
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