The country has only had two smelters of any significance, one for aluminum and one for copper, but as Reuters reports, the first of many refining operations has started up, taking nickel laterite ores and producing nickel pig iron.
http://agmetalminer.com/2012/11/06/indonesian-nickel-ore-to-pig-iron-refining-plans-taking-shape/
Nickel prices gained Rs 2.90 to Rs 877.40 per kg in futures market today after participants enlarged positions, taking positive cues from overseas markets, and pick-up in domestic demand from alloy-makers.
http://www.indianexpress.com/news/nickel-futures-up-on-global-trend-spot-demand/1027593/
The iron ore market is looking better now than a year ago despite the recent crash in spot prices, according to respected Macquarie Bank commodities analyst Jim Lennon.
http://au.news.yahoo.com/thewest/business/a/-/world/15306306/analyst-still-bullish-on-iron-ore/
KAMPALA – Uganda has invited bids for the restart of production at its Kilembe copper mines near the border with the Democratic Republic of Congo (DRC) and expects the winner to invest about $100-million in the project.
http://www.miningweekly.com/article/uganda-invites-bids-for-re-starting-of-copper-mines-2012-11-05
DAKAR/LONDON – The mining arm of Israeli billionaire Beny Steinmetz‘s business empire has accused the government of Guinea of seeking to “illegally seize” its assets through a probe into how it won rights to mine part of a major iron-ore deposit.
Medium-sized stainless steel producers, including Zhangjiagang Pohang and Tsingshan, put the latest bid price for benchmark high-grade NPI (Ni content 10-15%) at 1,170-1,200 yuan ($116-119) per nickel unit, including delivery.
(Reuters) – Nickel has been the underperformer of the industrial metals traded on the London Metal Exchange (LME) for much of this year.
http://www.reuters.com/article/2012/11/02/us-column-home-nickel-idUSBRE8A10HV20121102
The VSMPO-AVISMA Corporation, OJSC and the American corporate group Boeing have signed a memorandum on expanding their cooperation.
http://www.rusbiznews.com/news/n1450.html
ALMATY, Nov 2 (Reuters) – Kazakhstan’s state nuclear company and Japanese trading house Sumitomo Corp opened a new plant on Friday to produce rare earth metals coveted by technology companies ke e n to break China’s stranglehold on global supply.
http://www.reuters.com/article/2012/11/02/rareearths-kazakhstan-japan-idUSL5E8M25UR20121102
JAKARTA Nov 1 (Reuters) – Indonesia’s first nickel pig iron smelter has begun initial production of about 1,000 tonnes of ingots a day, kicking off a wave of new metal processing plants planned in the next few years.
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