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China’s NPI price moves up after mills push up bids for August

Posted on August 8, 2013 by Nanthakumar Victor Emmanuel, P.Eng Leave a comment

Nickel pig iron prices have rebounded in China, after stainless steel mills pushed up their purchase prices on tight supply of the raw material.

Most stainless steel mills began to raise their NPI purchase prices from late last month, and have again increased their bids this month in order to secure more material for restocking. This week, major consumer Jiuquan Steel lifted its bid price by more than expected, giving the biggest boost yet to market sentiment.

http://www.metalbulletin.com/Article/3241058/Stainless-and-special-steel/Chinas-NPI-price-moves-up-after-mills-push-up-bids-for-August.html

Spain’s fabled Rio Tinto copper mine to restart in 2015-EMED

Posted on August 7, 2013 by Nanthakumar Victor Emmanuel, P.Eng Leave a comment

Aug 7 (Reuters) – EMED Mining is making plans to restart Spain’s fabled Rio Tinto copper mine in early 2015, citing a mini-mining boom in the copper-rich Iberian Peninsula that is attracting foreign mining companies.

http://www.reuters.com/article/2013/08/07/australia-diggersdealers-emed-idUSL4N0G815620130807

Eleven more IPOs Expected on the Indonesia Stock Exchange in 2013

Posted on August 7, 2013 by Nanthakumar Victor Emmanuel, P.Eng Leave a comment

It is believed that a total of eleven Indonesian companies are going to conduct an initial public offering (IPO) in the second half of 2013 on the Indonesia Stock Exchange (IDX). Up to July, 24 companies have already been listed on the IDX and raised a combined IDR 12,79 trillion (USD $1.25 billion) of funds. Of the eleven companies that are expected to conduct an IPO in Semester II-2013, three were actually planned to be conducted in Semester I-2013 but were postponed.

http://www.indonesia-investments.com/news/todays-headlines/eleven-more-ipos-expected-on-the-indonesia-stock-exchange-in-2013/item980

Nickel producers fend off output cuts as losses mount

Posted on August 2, 2013 by Nanthakumar Victor Emmanuel, P.Eng Leave a comment

SINGAPORE/SYDNEY Aug 2 (Reuters) – Nickel miners are clinging to plans to maintain production, despite a growing supply glut and prices around four-year lows, raising the risk of more writedowns and losses being unveiled in the current financial reporting season.

http://www.reuters.com/article/2013/08/02/nickel-producers-idUSL6N0FM03E20130802

China sets rare earth export quota for second half

Posted on July 3, 2013 by Nanthakumar Victor Emmanuel, P.Eng Leave a comment

SHANGHAI —

China has announced its closely watched export quota for rare earth minerals in the second half of this year, bringing the full-year total to 31,001 tons.

China produces more than 95% of the world’s rare earths, 17 elements critical to manufacturing everything from iPads to low-emission cars.

The Ministry of Commerce said China will allow exports of 15,500 tons of rare earths in the six months to December, according to a statement released late Monday.

http://www.japantoday.com/category/business/view/china-sets-rare-earth-export-quota-for-second-half-3

A brighter future for rare earth prices

Posted on June 28, 2013 by Nanthakumar Victor Emmanuel, P.Eng Leave a comment

Even as new measures to consolidate the rare earth industry in China are on the cards, prices for the 17 elements have jumped 10% over the past two weeks.

http://www.miningaustralia.com.au/features/a-brighter-future-for-rare-earth-prices

Russia’s Norilsk sees 2014 nickel prices up 16% – IFX

Posted on June 26, 2013 by Nanthakumar Victor Emmanuel, P.Eng Leave a comment

MOSCOW – Russia’s Norilsk Nickel, the world’s largest nickel and palladium maker, expects 2014 average nickel prices to rise 16% from current four-year lows, Interfax news agency reported on Tuesday, citing its first deputy CEO.

http://www.miningweekly.com/article/russias-norilsk-sees-2014-nickel-prices-up-16—ifx-2013-06-25

Rusal seeks Moscow listing after Hong Kong share price slump

Posted on June 24, 2013 by Nanthakumar Victor Emmanuel, P.Eng Leave a comment

Russian tycoon Oleg Deripaska’s aluminium business, Rusal, plans to list its shares in Moscow, three years after its flotation on the Hong Kong market at nearly four times the current price.

http://www.reuters.com/article/2013/06/24/rusal-micex-idUSL5N0F01LY20130624

Metalloinvest Has No Plans To Make Offer To Norilsk Nickel Over Udokan-Report

Posted on June 20, 2013 by Nanthakumar Victor Emmanuel, P.Eng Leave a comment

MOSCOW–Metalloinvest, one of Russia’s largest iron ore producers, has no plans to make an offer to Norilsk Nickel (GMKN.RS), the world’s largest producer of nickel and palladium, regarding its mutual participation in the development of the Udokan copper mine, Metalloinvest owner Alisher Usmanov told the Interfax news agency Thursday on the sidelines of the St. Petersburg International Economic Forum.

http://online.wsj.com/article/BT-CO-20130620-703819.html?mod=googlenews_wsj

NPI production trends will change materially if Indonesia and the Philippines tighten their restrictions on the export of nickel ore. Therefore China’s competitive advance in stainless steel, which is partially linked to NPI “may not be sustainable”

Posted on June 19, 2013 by Nanthakumar Victor Emmanuel, P.Eng Leave a comment

John Rowe, secretary-general of the International Stainless Steel Forum, told that NPI production trends will change materially if Indonesia and the Philippines tighten their restrictions on the export of nickel ore. Therefore China’s competitive advance in stainless steel, which is partially linked to NPI “may not be sustainable” he said.

http://www.platts.com/RSSFeedDetailedNews/RSSFeed/Metals/26030811