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.
“Sherritt said the ramp-up at its Ambatovy nickel mine in Madagascar is progressing, with full commercial production expected in early 2013. The project, which is a joint venture with Sumitomo Corp and Korea Resources Corp, is on track to remain within its $5.5 billion capital budget.”
http://www.reuters.com/article/2012/10/31/sherritt-earnings-idUSL1E8LV2DV20121031
Profit at Vale Indonesia, the country’s largest nickel producer, plummeted 91 percent in the first nine months this year from a year earlier amid falling commodity prices.
Namibia Rare Earths Inc. (NRE.TO) has filed a National Instrument 43-101 compliant resource report for the heavy rare earth enriched deposit in Area 4 on the Lofdal Rare Earth Project in northwestern Namibia.
BUKAVU – Democratic Republic of Congo (DRC) will seek to raise its stake in new mining projects to 35% in a revised mining code, up from 5% now, the country’s top mining official said on Tuesday.
http://www.miningweekly.com/article/drc-seeks-bigger-stake-in-mine-projects-2012-10-30
Oct 26 (Reuters) – Madagascar’s crisis-hit economycould grow 2.6 percent next year as inflation slows and it begins work on one of the largest nickel mining projects in the world, the World Bank said.
http://www.reuters.com/article/2012/10/26/madagascar-economy-idUSL5E8LQ3UQ20121026
A Blog for Browsing Mining, Mineral Processing, and Metals Info 