KINSHASA (Reuters) – A Glencore controlled mine in Democratic Republic of Congo has acquired a concession from state miner Gecamines’ joint venture, a Glencore spokesman said on Wednesday.
Read more at: http://af.reuters.com/article/investingNews/idAFKBN0P419J20150624
In graphene, infrared light launches ripples through the electrons at the surface of this metal-like material called surface plasmon polaritons that the researchers were able to control using a simple electrical circuit.
Read more at: http://phys.org/news/2015-06-physicists-fine-tune-agile-exotic-materials.html#jCp
(Reuters) – Morgan Stanley slashed its nickel price forecasts for the second half of the year on Tuesday as a softer global growth outlook curbs demand from stainless steel producers, making it the third bank this week to downgrade prospects for the metal.
Read more at: http://uk.reuters.com/article/2015/06/23/metals-morganstanley-idUKL3N0Z91AY20150623
The steel industry is about to go from bad to worse.
China, the world’s biggest consumer of steel, needs less metal. The Chinese housing market, responsible for using the bulk of steel, is bulging with empty properties.
(Bloomberg) — Glencore Plc extricated itself from one of the mining industry’s most value-destructive deals by offloading the Cosmos nickel mine for A$24.5 million ($19 million).
The Australian mine was bought in 2007 by Xstrata Plc, which paid A$3.1 billion for Jubilee Mines NL to gain control of the Perth-based company’s flagship operation. Glencore acquired the business when it took over Xstrata two years ago and put the mine up for sale in December along with two other nickel assets.
Read more at: http://www.swissinfo.ch/eng/glencore-sells–2.4-billion-xstrata-mine-for-just–19-million/41501436
Brazil’s Vale SA has invited investors to tour its nickel operations in Sudbury, Ont., this week as the giant mining company decides whether to take part of its metal business public.
Vale SA, the world’s top nickel producer, hired Canadian law firm Stikeman Elliott LLP to help it prepare for a possible initial public offering of its base metals business, three people with knowledge of the appointment said.
Read more at: http://www.bloomberg.com/news/articles/2015-06-17/vale-said-to-hire-canada-s-stikeman-elliott-for-base-metals-ipo
Allegheny Technologies Incorporated announced today that it is expanding its nickel-based superalloy powder capabilities to satisfy strong demand from the aerospace jet engine market and growing demand from the additive manufacturing industry, particularly for 3D printed parts used in the aerospace, medical, electrical energy, and oil and gas markets.
Read more at: http://finance.yahoo.com/news/ati-expand-nickel-based-superalloy-120000964.html
Agarwal’s Vedanta Ltd. is planning to absorb Cairn India Ltd., combining India’s biggest producer of aluminum and copper with its largest onshore oil producer. The merger will create an entity with a market capitalization of about $11 billion, based on the last traded price of Vedanta Ltd.
Read more at: http://www.bloomberg.com/news/articles/2015-06-15/billionaire-agarwal-seeks-bhp-style-conglomerate-in-vedanta-deal
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