Mergers and consolidation to fuel upgrade China’s steel sector

Mergers and acquisitions will provide the impetus for sustainable transformation and upgrade of the iron and steel industry and leverage on gains from the overcapacity reduction campaigns in the sector that are coming to an end, industry experts following China’s steel sector said. According to the National Development and Reform Commission, the nation’s top economic […]

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Five things to watch in 2019 for global metals industry: Wood Mackenzie

A report by Wood Mackenzie, the global research analyst firm has listed out five things to watch out for in the metals market in 2019. The success of China’s economic reform programme will have a strong influence on the metals market this year. On balance, fundamentals have improved, but geo-political concerns continue to dog the […]

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India’s Odisha state to send Rs.27,000 crore demand notices to non-ferrous mining leaseholders for over extraction

After iron and manganese ore mines which have already been penalised by the state government of Odisha, non-ferrous mine leaseholders might face the wrath of the state government. The government is said to have fixed a penalty of Rs 27,000 crore for non-ferrous mine leaseholders in Odisha for extracting ore “beyond the approved limits”. The Odisha […]

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India issues clarifications to policy on preference to domestic iron and steel products

India, which approved a policy for providing preference to domestically manufactured iron & steel products in government procurement, has issued a clarification after questions were raised by some organisations. The policy mandates to provide preference to Domestically Manufactured Iron & Steel Products (DMI&SP), in government procurement in which a minimum value addition of 15% have […]

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Venezuela under increased activist pressure to stop mining in key concession area

A non-governmental organisation based in the southern Bolívar state has called upon the Venezuelan government to scarp the 2016 decree that allows mining in the Orinoco River National Development Strategic Zone. This is a 111,843 square kilometres concession area for mining gold, diamond, iron, copper, bauxite, coltan, among other resources, that has caught the attention of some […]

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COMMENTARY – The outlook for the world economy and resources

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Over the last year, political volatility and uncertainty has increased to very high levels. Policies that aim to reduce rather than encourage international trade have been flagged in many countries. More may follow, writes Dr Huw McKay, Vice President, Market Analysis & Economics at BHP Billiton. Such policies are harmful for consumer purchasing power and productivity […]

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Iron ore price hits two-and-a-half year high

The Northern China import price of 62% Fe content ore jumped 4.6% on Friday, reaching $87 per dry metric tonne level after data showed imports by China, top consumer of the steelmaking raw material, continued to strengthen in 2017 after hitting an all-time high last year. It was the highest level since August 2014 and the iron […]

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