The base metal prices on the London Metal Exchange (LME) closed higher on Monday, with nickel prices climbing to a three-month high amid concern that ore shipments from the Philippines will drop.
Nickel prices climbed to their highest in seven weeks on Thursday as speculators returned to the market on worries that the Philippines could follow Indonesia in banning unprocessed ore exports.
The beginning of 2014 was marked by a weakness in copper market with prices falling below USD 6,500 per tonne in March. This negative trend was mostly driven by the concerns about the financial stability of Chinese companies, which had used copper as a collate...
Pursuant to its supply agreement with Anglo American Platinum (Amplats), International Ferro Metals (IFM) said on Monday that it had received 20 000 t of upper group two (UG2) chrome concentrate supply in August, ahead of its previous expectations for the mont...
In July, 2014, Russian ferrosilicon production from the six producers was 55200 tons. In Jan-July, the total ferrosilicon production was 476.7 thousand tons, up by 23.5% Y-O-Y. Production from Chemk and Mechel Group decreased by over 10% through Jan-July.
For a commodity that symbolises strength, iron ore is looking ever weaker. On Monday, the Australian benchmark price of the steelmaking ingredient sank to $87.10 a tonne, taking the year-to-date fall to 35 per cent. The price is now just 40 cents above a five-...
The Board of OM Holdings Limited (“OMH” or the “Company”, and together with itssubsidiaries, the “Group”) is pleased to report an increase in revenue for the half year ended30 June 2014 from A$158.9 million to A$259.9 million.
Norilsk Nickel is the largest nickel and palladium producer in the world. Norilsk Nickel’s net profit tripled in the first half of this year, the company said in its first-half 2014 interim financial results.