ICL TO RECONSIDER ITS DECISION TO CLOSE MAGNESIUM PLANT

Australian coking coal producers have regained their competitive advantage after a Free Trade Agreement inked between China and Australia in Brisbane on the afternoon of Nov 17th saw the immediate removal of the 3% duty on coking coal imports.

China will officially drop the 8% duty on Australian alumina imports, which has not been applied in recent years in any case, under the landmark Free Trade Agreement between the two countries announced Monday.

Brazilian mining giant Vale, currently the world's largest producer of iron ore, has narrowed the discount for its November-loading main Southern System iron ore products to $4/dmt from October's $4.70/dmt discount.

Iron ore mines in China will close down should prices drop toward $70 a metric ton, potentially creating a base for prices of the steel-making raw material, according to Australia & New Zealand Banking Group Ltd.

Ukraine's Nikopol Ferroalloy Plant, the country's biggest ferroalloy producer, increased October output sharply to 66,500 metric tons from 28,000 mt produced in October 2013, UkrFa, an association of Ukrainian ferroalloy producers, said Wednesday.

JACKSON, MISS. — A federal judge has given opponents of a silicon metal plant in Mississippi's northeast corner a chance to make their case in court.

Hudhud-hit Ferro Alloys Unit Bounces Back