Global insight

EVRAZ Agrees to Sell 34% of Shares in Highveld = To Macrovest for US$27 Million

EVRAZ plc, a major steel company in Russia has recently announced that it concluded an agreement to sell 34% of issued shares in EVRAZ Highveld Steel and Vanadium Ltd., South Africa. EVRAZ itself still has a 51% shareholding.

Friday, August 22, 2014

Indian Ferroalloy Manufacturers prefer Imported Manganese Ore over Domestic

Manganese ore prices remain unchanged amid lackluster Manganese Alloy market. Reportedly, demand for imported ore is much higher in the domestic market.

Friday, August 22, 2014

Molybdenum Production and Use Fall Slightly

Global use of molybdenum in the first quarter of 2014 decreased to 136.1 million pounds, down 2% from 138.2 million pounds in the previous quarter but 7% higher than the same quarter in 2013, figures released today by the International Molybdenum Association (...

Thursday, August 21, 2014

Turkish stainless steel market remains weak

It was reported that stainless steel market remained weak in Turkey because nickel prices are fluctuated.

Thursday, August 21, 2014

The BHP show obscures Australian mining's deeper problems

In a trenchant piece for Trading Floor Adam Courtenay argues that with all the focus being placed on BHP's spinoff of what it now considers non-core operations, the Australian industry is losing sight of much more fundamental issues:

Thursday, August 21, 2014

Volume & Market Analysis for Export of Chrome Ore in Pakistan in 2004-2014

Pakistan plays an important role in the export of chrome ore worldwide. The export volume of chrome ore exceeded 490,000 tons in 2012 and 2013, which accounted for 3.9% and 3.2% of the world’s total export volume accordingly, most of which are exported to Chi...

Wednesday, August 20, 2014

Korea’s Ferroalloys Import Down by 28% in Jul. 2014

According to the statistics of Korea Customs, Korea’s ferroalloy import volume was 79,513 mt in July 2014, down by 27.9% M-O-M and down by 27.9% Y-O-Y. The import sources and volumes were as the followings, South Africa, 26,814 mt, China, 25,462 mt, India, 10...

Tuesday, August 19, 2014

Brazil’s iron ore giant MMX to file for bankruptcy protection

Shares in iron ore mining company MMX Mineração e Metalicos were falling by almost 8% Tuesday, hitting an all-time low, after a broadly read Brazilian magazine reported the company may file for bankruptcy protection.

Wednesday, August 20, 2014
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