#Jakarta, Sept 1 (Reuters) – #Indonesia will keep its export ban on #Nickel ore, contrary to recent media reports suggesting the country may relax curbs to prop up its slowing economy, senior government officials said.
Read more at: https://uk.finance.yahoo.com/news/indonesia-keep-ban-nickel-ore-120730595.html
Rare earth companies in #China and #Japan are reportedly interested in buying some of bankrupt #Molycorp Inc.’s assets.
Read more at: http://www.bizjournals.com/denver/news/2015/09/01/chinese-japanese-buyers-reportedly-interested-in.html
“If anyone in Russia can print at the moment, it’s Norilsk Nickel,” said a London-based investor due to meet with the company next week. “Possibly everyone is underweight Russia, and Norilsk has been one of the main beneficiaries of the events in the country.”
Operating profit at the company stood at US$2.4bn for the first six months of this year, up by US$400m year-on-year and US$600m more than the same period of 2013, according to its financial statements. This is despite nickel prices falling 35% this year, according to Thomson Reuters Eikon data.
Read more at: http://www.reuters.com/article/2015/09/01/bonds-norilsk-nickel-idUSL5N1171EU20150901
Both #Vale and #Fortescue need a benchmark price of about $US40 a tonne to break even while #BHPBilliton and #RioTinto require about $US25 a tonne, #Citigroup analyst Alexander Hacking said. Those break evens – the price at which the miners are not making or losing cash – have been calculated on an earnings before interest, tax, depreciation and amortisation basis (EBITDA).
From Thomas Edison’s practical electric light in the 1880s to its recent breakthrough, namely a 3D-printed aircraft engine’s fuel nozzle that is 25 percent lighter and five times more durable, global giant #GeneralElectric (GE) is without a doubt a great innovator.
The global giant General Electric (GE) spread its innovative spirit to #Indonesian youth by opening up a garage filled with state-of-the-art tools.
– See more at: http://www.thejakartapost.com/news/2015/09/01/ge-garage-young-inventors-playground.html#sthash.ElDrLUod.dpuf
The global #Nickel deficit will be at 60,000 metric tons in 2016 and the market will likely be balanced in 2015, according to #Norilsk. In its previous market update in March, the producer saw a deficit of 20,000 tons this year that would widen to 55,000 tons in 2016.
Read more at: http://www.mineweb.com/news-fast-news/norilsk-raises-nickel-deficit-forecast-for-2016-as-price-slumps/
The Ankara-based Grafen Chemical Industries in #Turkey has developed a unique approach to producing #Graphene at affordable prices.
Read more at: http://www.aa.com.tr/en/news/582935–turkey-s-innovation-champions-compete-in-global-markets
Russia’s #NorilskNickel has hired five banks to arrange a Eurobond, according to two sources.
This will be the first benchmark-sized bond from a Russian issuer this year, as first sanctions, and then low oil prices, have kept Russian names out of the international bond markets.
Read more at: http://in.reuters.com/article/2015/08/27/bonds-norilsk-nickel-idINL5N11225T20150827
Now, BHP is pulling back, faced with a slowing Chinese economy that will no longer be the same dominant force in commodities. Profit is falling and the company is cutting its investment spending budget by more than two-thirds.
Read more at: http://www.nytimes.com/2015/08/27/business/international/china-falters-and-the-global-economy-is-forced-to-adapt.html?_r=0
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