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OM : Bootu Creek Mn Project-Suspension of Mining Operation

OM Holdings Limited (OMH or the Company) advises that, as a direct result of the ongoing and material fall in the manganese price, it has temporarily suspended the mining operations of its Bootu Creek Manganese Project (Project). The suspension of the mining o...

Wednesday, December 16, 2015

Manganese Outlook 2016: Weak Steel Demand a Threat

The steelmaking metal has had a challenging year, largely due to the downturn in China. Metal Bulletin’s 37 Percent Manganese Ore index currently comes in at $1.48 per dry manganese tonne, and according to the publication, it’s down 52 percent since the star...

Wednesday, December 16, 2015

Some Plants Reduce Production for Residential Electricity Demands

[Ferro-Alloys.com]In December, Sichuan Pingwu Manganese Co., Ltd. plans to reduce electrolytic manganese flake 99.7% production, because of lack electricity consumption. Recently, it only can produce 25mt products per day, and the electricity price is about RM...

Wednesday, December 16, 2015

Fourth 300M3 FeMn Blast Furnace of Shanxi Oriental Resources Development Co., Ltd Ignite Oven

[Ferro-Alloys.com] After swift construction, the country’s biggest high carbon ferromanganese producer- Shanxi Oriental Resources Development Co., Ltd fourth 300M3 FeMn Blast Furnace number 6 ignite over on 15th Dec successfully. The number 6 will be put into...

Wednesday, December 16, 2015

S. African Charge Chrome Price for Europe in Jan-Mar Down by US Cents 12

On December 9, Merafe Resources Limited, South Africa, a joint venture partner for Glencore -Merafe Chrome Venture announced on its home page that the benchmark price of South African charge chrome meant for Europe for shipments from January to March in 2016 w...

Wednesday, December 16, 2015

2008-2015 HC FeMn Capacity & Output in China(graph)

2008-2015 HC FeMn Capacity & Output in China(graph)

Tuesday, December 15, 2015

Moody’s Warns of ‘Deep and Long’ Commodity Price Downswing

Based on its revised, weaker global growth expectations for 2016, softening demand, the strength of the dollar and continued uncertainty surrounding metal demand in China, Moody’s Investor Service expects base metals prices to remain under pressure to the dow...

Tuesday, December 15, 2015

Glencore Shares Soar as Company Spurts Cash, Reports “Good” China Sales

The share price of Glencore soared more than 14% in Johannesburg after the diversified mining and marketing company told investors it would remain comfortably cash positive at materially lower commodity prices, had $14-billion liquidity headroom, beat its capi...

Tuesday, December 15, 2015
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