October 16, 2018

Global steel body hikes demand forecasts, but says risks remain

Steel demand expected to rise by 3.9% in 2018, but trade tensions are clouding global economic outlook.

October 16, 2018

Vale rules out major acquisitions

CEO Fabio Schvartsman said the company would only invest further in nickel if global prices for the metal rise from $13,000 per tonne currently to around $20,000 per tonne.

October 16, 2018

Rio Tinto delays start of Oyu Tolgoi expansion due to technical issues

First production from the $5.3 billion underground expansion of Oyu Tolgoi was originally scheduled for early 2020.

October 15, 2018

Europe to spend billions on lithium-ion battery plants

The goal is to reduce reliance on batteries from Asia, particularly China and South Korea.

October 12, 2018

Indonesia considering “safeguard” tariff on aluminium foil – WTO filing

Indonesia said industry association APRALEX had applied for safeguard measures, which can be used to protect a country's producers.

October 12, 2018

Asia Gold-High prices deter buyers ahead of India festival season

In the Indian market, gold futures this week touched their highest since July 2016 at 32,014 rupees per 10 grams.

October 12, 2018

Lynas jumps after its critic in Malaysian Gov’t leaves review team

Deputy Minister Fuziah Salleh, a long-standing critic of Lynas’ plant, offered to step down from the committee reviewing the facility following criticism that she would not be impartial.

October 11, 2018

Trafigura-backed copper miner Atalaya Mining seeks buyer

Atalaya Mining produced 166,000 tonnes of copper concentrate in 2017 and has a market capitalization of 327 million pounds ($433 million).

October 10, 2018

Logistics woes drive Indian mills to buy iron ore overseas

Steel mills in India are increasingly tapping the global market for iron ore as they find it difficult to transport the key raw material from local mines

October 9, 2018

Global coal mining industry sees compound annual growth

The global coal mining market is growing, with a CAGR of close to 2% from 2018-2022.