The latest news from around the world on the markets, sectors and companies Casey Research specializes in. Click any headline to read the full article.
Rare Earths Are Becoming a Lot More Rare August 17, 2010
Interest in rare earths is starting to heat up in a dramatic fashion and it is something you should keep on your radar. So named because they were hard to get in the 18th and 19th century, these once obscure elements have become the focus of several converging trends in the global economy, as they are the key ingredient of magnets. There are 17 in all, divided into light (cerium, Ce; lanthanum, La, and neodymium, Nd) and heavy (dysprosium, Dy; terbium, Tb, and europium, Eu).
China Becomes Largest Global Energy Consumer August 17, 2010
Since the early 1900’s the U.S. has been the world’s largest energy consumer and the world’s largest auto manufacturer. It took a century to accomplish, but last year China knocked the U.S. from its perch as the world's largest auto market. Last month the International Energy Agency claimed China’s total energy usage exceeded the U.S. for the first time last year – making China the world’s largest energy consumer.
Potash Rejects $39 Billion Bid From BHP Billiton August 17, 2010
Potash Corp. of Saskatchewan Inc., the world’s largest fertilizer producer, rejected an unsolicited $39 billion takeover proposal from BHP Billiton Ltd. as too low, prompting speculation of a higher bid.
BlueScope: demand weak, even as profits jump August 16, 2010
Australia's biggest steel maker said while it has short-term concerns about demand and a stronger Australian dollar, it is planning for significantly improved market conditions in the medium to long term.
The Expendables? Beware the Sequel August 16, 2010
China overtook Japan for the title of "world’s No. 2 economy." Following thirty years of relentless hard work and unwavering determination, the country can now boast that it is, in fact, on course to capture the top global economic spot as well – in about another two decades – and wrest it away from the United States...
Gold and Goldman Sachs August 13, 2010
Is Goldman Sachs suggesting $1,300 gold within six months a cue for further growth in price or a contrarian indicator that the top may have been reached?
Bolivian govt trying to defuse silver mine protest August 13, 2010
The strikes, which have been going on for more than two weeks in the mineral-rich Potosi region, have disrupted production at three mines including two of the world's biggest silver deposits.
Canada's north adds mining production, exploration August 13, 2010
The Conference Board of Canada has found a turnaround in the U.S. and global economic growth has reignited interest in diamonds, precious metals and other hardrock mining in Canada's three territories.
Chinese spending on gold sextupled in the 00's August 13, 2010
The annual rate of growth of gold spending in China has been 23% this decade and the nation's gold purchases could see an additional 200 tonnes of consumption in the next decade.
Gold stocks HUI bull market seasonal analysis August 13, 2010
Precious-metals stocks really haven’t had a great summer by any means. After rallying initially in June, they started relentlessly drifting lower in July. The net result of this lackluster summer trading is a lethargic drift sideways. Naturally this listlessness has weighed on sentiment among this sector’s traders.
South African gold production down 5.3% in June August 12, 2010
Gold output in the country fell 5.3 percent in volume terms and total mineral production fell 4.9 percent in June compared with the same month last year, data showed on Thursday.
Rain may cut Indonesian tin output 20% August 12, 2010
The new government forecast would take output towards levels already expected by analysts because of declining reserves and a crackdown on illegal mining.
Gold miners face transitions August 12, 2010
Numbers from seven of the world's biggest gold diggers show that Gold miners are in the money, but face headwinds in rising costs, and scarce "pure gold" opportunities.
Fear of not flying August 12, 2010
For the first time in six years, Japanese authorities drew one step closer to halting the seemingly endless gains in the yen via Finance Minister Noda’s cryptic message that his government will take "appropriate" action with regard to the currency. Japanese exports have come under threat from the gains the yen achieved following the Fed’s steps to boost US economic recovery on Tuesday. The currency rose beyond 85 against the US dollar; a fifteen-year high.
Rio Tinto eyeing stake in Russia's Uralkali August 12, 2010
Global majors Rio Tinto and Potash Corp may buy into Russian potash miner Uralkali, sources said on Thursday, as the government seeks a full overhaul of the fertilisers industry.
Copper demand may outstrip supply in 2011 for the first time in four years as China, the world’s biggest consumer, sustains purchases and as ore grades decline, Japan’s largest smelter said.
“Supplies won’t catch up with demand next year and we expect there to be a deficit of 200,000 metric tons,” Hidenori Kamoo, general manager of the marketing department at Pan Pacific Copper Co., said in an interview yesterday.
Copper, used in pipes, tubes and wires, faces a “deepening supply crunch” and record prices are highly likely in the next two years, Barclays Capital said in a report on July 27. Prices for immediate delivery will average $7,763 a ton next year as a market shortage widens, the bank said. The spot price in London has averaged $7,088 this year.
“With few new large-scale mines on the horizon and stagnation at existing facilities, in our view, price direction will be upwards given the approach of multiyear deficits,” Barclays said. Demand will exceed supply this year by 132,000 tons and by 386,000 tons next year, the bank said.
Pan Pacific expects the market to be balanced this year because of China’s higher-than-expected first-half demand, Kamoo said. The company had forecast a 300,000-ton surplus, he said.
China imported 1.6 million tons of refined copper in the first half, down from a record 1.8 million tons in the year-ago period, according to data from the Beijing-based Customs General Administration. The country imported 1.5 million tons in 2008.
“Even though global demand for cathode may a bit slow later this year following Europe’s sovereign-debt problems and China’s tightening monetary policy, supplies will remain very tight, especially in East Asia,” he said. Pan Pacific predicted global demand will increase 6.9 percent in 2010 and 3.8 percent in 2011, he said.
Should smelters continue to see lower grades of ore, falling processing fees and tight supplies of scrap, some may reduce production of refined metal later this year, Kamoo said.
Pan Pacific plans to produce 7 percent less than its annual capacity in the April to September period, while Sumitomo Metal Mining Co., the country’s second-largest producer, expects a 10 percent output cut in the year started April 1.
“We cannot rule out the possibility smelters may cut output further from October if unfavorable market conditions continue,” he said. “The end of subsidies for eco-friendly vehicles in Japan may also drive metal producers at home to consider output cuts,” he said.
Japan’s subsidy program, which exempts purchases of electric, hybrid, natural gas and some diesel vehicles from taxes, will expire at the end of September.
Demand from the auto and semiconductor sectors in Japan, South Korea and Southeast Asian nations has pushed physical premiums higher, he said. Copper premiums for China may be more than $100 a ton in 2011, from $85 a ton this year, he said.
Spot premiums for Shanghai on a cost, insurance and freight basis stood at $100-$120 a ton, up from $70-$100 a ton last year, Kamoo said.
Copper for three-month delivery dropped 0.9 percent to $7,361 a ton on the London Metal Exchange at 12:18 p.m. Tokyo time. Stockpiles tracked by the LME fell 0.5 percent to 410,475 tons yesterday, the lowest level since Nov. 17.
--Editors: Jarrett Banks, Matthew Oakley
To contact the reporters on this story: Jae Hur in Tokyo at firstname.lastname@example.org; Ichiro Suzuki in Tokyo at email@example.com
According to a spokesman at the world's largest copper producer, "the growth in demand in China is practically unstoppable".
SHANGHAI (Reuters) -
China's copper demand is expected to grow at 8 percent this year from last year, and at a similar pace next year, a senior executive of Chile's Codelco, the world's largest copper producer, said on Thursday.
"The growth of demand in China is practically unstoppable," Rodrigo Toro, corporate senior sales vice president of Codelco, told reporters on the sidelines of a meeting with clients.
Toro said Beijing's tighter monetary policy was a healthy dose to control the country's breakneck growth.
"We are happy to see the demand in China will continue at very healthy rate, not as big as would be at 12 percent GDP growth, because producers would not be able to respond to that additional demand."
He said the global copper demand growth would be 4 percent this year, but added it might improve next year if the economy picked up pace.
Codelco produced 1.782 million tonnes of copper in 2009, up 16 percent from a year earlier, after years of dwindling output.
The company expected to maintain the same level of output this year as well as in the next two years, its chief executive Diego Hernandez, told clients earlier.
The company said earlier this year that it planned to invest $3 billion each year for the next five years to revamp century-old mines and exploit new deposits as part of its plan to lift output to around 2 million tonnes of copper per year.
Ninety percent of Codelco's copper production is in the form of cathode, but the ratio of copper concentrate is expected to rise in the next 7 to 8 years after the expansion projects at Mina Ministro Helas and Andina mines are executed.
Toro said the company will focus on resources in Chile, rather than venturing overseas, in the period.
"We would be impractical to be thinking of additional projects in the next five years," he said.
Toro declined to forecast term premiums for next year, but said if based on current situation in the market, term premiums should rise for 2011.
Chinese merchants are keen to build copper stocks in the next few months through bargain-hunting, fed by expectations term premiums to China for shipments next year will rise to over $100 over cash LME prices MCU0 for Chilean refined copper cathode imports, up 18 percent from this year's $85 level. [ID:nTOE66S08T]
Copper treatment fees, also known as TC/RC, were expected to remain at low levels, Toro also said.
"Treatment charges for copper concentrate will remain extremely low for quite some time. The overcapacity in smelting and refining is so big that the demand for concentrate will exceed largely the possibility of supply of copper concentrate," he said. (Reporting by Rujun Shen and Jacqueline Wong; editing by James Jukwey)
The latest news from around the world on the markets, sectors and companies Casey Research specializes in. Click any headline to read the full article.
So, Fed's choice? August 9, 2010
US Treasuries and crude oil went their merry opposite ways overnight, as the former held near their lows over in Europe on anticipation the Fed may engage in fresh bond purchases, and the latter climbed on bets that the US economy will recover at a better pace [perhaps owing to such Fed largesse].
Gold and silver huge short position August 9, 2010
There is a case to be made that world production is not the only issue, but the available supply is just as important, if not more.
US economy structural problems still intact August 9, 2010
Bill Watkins, a California Lutheran University professor, provides a nice summary on New Geography of the failure of various stimulus efforts to do anything meaningful in the wake of a collapse by Lehman, a collapse he says is a "regime shift".
Where's the copper to come from?.. August 9, 2010
According to Robert Friedland we need to mine as much copper in the next 20 years as we have in the past 110 - where is this copper to come from?
China pushes for gold; India follows suit August 9, 2010
Hot on China's heels, India's Central bank is mulling over a proposal to allow banks to trade in gold. If cleared, the move will only strengthen the validity of the bull case in gold.
Vale announces plans to extend new Peru mine August 6, 2010
Vale CEO, Roger Agnelli said the Bayoyar phosphate mine will be expanded over the next 18 months and added that he expects iron ore prices to hold steady around $140 per tonne.
In the second quarter, there were 142 announced deals totaling $37 billion in the oil and gas sector – that’s the highest level of M&A activity in 18 months. In the same period late year, M&A deals were worth just $14 billion.
The golden decade August 6, 2010
As gold hovers near $1,200 an ounce and pundits speculate about a 'gold bubble', it's important for investors to remember that a mere decade ago the picture was very different. In the year 2000, gold sat at an unimpressive annual average of $279 an ounce - a two-decade low. At that time, most analysts thought gold was finished as a monetary metal. They said its price would never recover and only kooks with tin hats would invest in it. I was one of the very few financial commentators publicly saying that gold was not only viable, but entering a long-term uptrend.
How important is gold to the states? August 6, 2010
Since the demise of the Gold Standard, monetary authorities have tried as many ways as possible out there to sideline gold as part of the monetary system. Since the early eighties they have succeeded to some extent, but this was by discrediting it and by emphasizing the benefits of paper currencies. Paper money in a paper system was working very well and everybody felt that much more prosperous, so ignored gold's departure.
New gold ETF planned... August 5, 2010
ETF Securities is looking to launch a new gold ETF which will hold the gold backing it in secure vaults in Singapore to parallel its similar ETF which holds its gold in Switzerland.
Gold on a fast boat to China August 5, 2010
As China's position in the global economy expands, so the reaction from the West should perhaps be less antagonistic and more like that of gold.
Yellow, black gold are shining August 5, 2010
Commodities have been shining recently as the US dollar loses its luster for investors. Also the weakening dollar has helped boost equities as a lower US currency helps the large multi-national companies. This report is a quick follow-up from my report showing what the odds were favoring – which was higher gold, oil and S&P 500. As of today each investment is unfolding as planned, one candle at a time.
Take the next exit ahead August 5, 2010
The enactment of exit strategies by the ECB as well as the Bank of England remained on hold this morning as both institutions left key interest rates unchanged, at 1% and 0.5% respectively. The central banks appear to be eyeing the continuing but fragile recovery in their respective economies and are opting to remain on the "loose" end of interest rate policies for the time being. The psychology of the moment remains defined by ensuring that growth really sticks and intangibles such as confidence show clear signs of having become fully repaired.
State to stay out of Norilsk Nickel August 4, 2010
The Kremlin on Tuesday ruled out the possibility of the government buying a stake in Russia’s biggest mining company, Norilsk Nickel, to end a bitter dispute between its two major shareholders, Oleg Deripaska and Vladimir Potanin.
As you've likely come to realize over the past few weeks, I'm a rules based investor when it comes to tech stocks . However, there are investments out there that don't pass the rigorous five part system found in
Stocks gained momentum into Friday's close on the heels of market friendly comments from Fed Chair Janet Yellen regarding interest rate policy after flatlining at near unchanged levels for most of the day. The Dow added a little over
Canada stocks closed down near 60 points at 14,812 as oil futures settled lower Friday for the first day in six as fears of contagion spreading in the Middle East eased. An eagerly awaited speech by Fed Chair Janet
Spotting the best oil stocks to buy now is tricky for many investors because of the current low price environment. Oil prices have fallen more than 45% in the last year. For the past three months, they've hovered at
In trading on Friday, shares of Century Aluminum Co. (Symbol CENX) entered into oversold territory, changing hands as low as $14.15 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis
Top Health Care Stocks JNJ +0.24% PZE +1.11% MRK +0.58% ABT +0.10% AMGN +1.24% Health care stocks were finishing Friday near their session highs with the NYSE Health Care Sector Index jumping almost 1.0% and shares of health care
Top Tech Stocks MSFT 0.45% AAPL 0.93% IBM +0.04% CSCO +0.29% GOOG 1.10% Technology stocks have reversed their earlier declines with shares of technology companies in the S&P; 500 climbing about 0.3% shortly before the closing bell this afternoon.
Top Consumer Stocks WMT 0.68% MCD 0.60% DIS +0.30% CVS +0.62% KO 0.77% Consumer stocks were broadly higher this afternoon with shares of consumer staples companies in the S&P; 500 advancing 0.6% while shares of consumer discretionary firms in
Top Financial Stocks JPM 0.02% BAC 0.84% WFC 0.91% C 0.37% USB 0.41% Financial stocks were finishing mostly lower today with the NYSE Financial Sector Index sinking 0.3% and the S&P; Financial 100 Index slipping 0.2%. In company news,
Top Energy Stocks XOM 1.08% CVX 1.05% COP 0.71% SLB 0.08% OXY 1.42% Energy stocks were falling today with the NYSE Energy Sector Index sinking 0.9% while shares of energy companies in the S&P; 500 also were down 0.9%
The following are the biggest percentage decliners on the TSX Venture Exchange in mid afternoon trading with their price movements MARSA ENERGY (MEP.V), $0.20, 0.15, 42.86% HIGHWAY 50 GOLD (HWY.V), $0.15, 0.10, 40.00% CORONADO RESOURCES (CRD.V), $0.30, 0.15, 33.33%
Top Health Care Stocks JNJ +0.45% PZE +0.97% MRK +0.82% ABT +0.55% AMGN +1.38% Health care stocks were broadly higher today with the NYSE Health Care Sector Index jumping almost 0.8% and shares of health care companies in the
The following are the biggest percentage gainers on the TSX Venture Exchange in mid afternoon trading with their price movements OCULUS VISIONTECH (OVT.V), $0.16, +0.05, +52.38% CYMAT TECHNOLOGIES (CYM.V), $0.17, +0.05, +41.67% GMV MINERALS (GMV.V), $0.2150, +0.0550, +34.38% PEARL
Losses for Canada's benchmark index were down to 32 points by mid afternoon, with mining stocks now in the positive territory and healthcare and info tech still pushing higher. At 14,837.61, the TSX was close to a session high
Top Tech Stocks MSFT 0.75% AAPL 0.66% IBM 0.47% CSCO +0.26% GOOG 0.69% Technology stocks were drifting lower with shares of technology companies in the S&P; 500 declining about 0.3% this afternoon. In company news, Yahoo ( YHOO )
The Commodity Futures trading Commission’s (CFTC) Commitment of Traders Report released last Friday conveniently shows the positions of trading categories the night before the FOMC minutes were released.
MUMBAI (Scrap Register): The Instituto Aco Brasil (IABr) has reported that domestic finished steel sales in February totalled 1.48 million tons - down 15.6 percent, compared with last year's figure. Nevertheless, the Brazilian steel industry remains ...
Companhia Siderurgica Nacional (NYSE:SID ... which is active in the production of iron ore; Cement sector, which is involved in the manufacture of cement, as well as in the exploration of limestone and dolomite; Logistics sector, which consists of around ...
WILMINGTON, Del., March 27, 2015 /PRNewswire/ -- Rigrodsky & Long, P.A.:Do you own shares of Revett Mining Company, Inc. (NYSE MKT: RVM) Did you purchase any of your shares prior to March 27, 2015 Do you think the proposed buyout value is too low Do you want to discuss your...
Egypt's market inched down 0.1 percent in a lackluster session. Ezz Steel tumbled 4.8 percent to 14.56 Egyptian pounds after two brokers cut their fair value estimates for the stock. On Monday, EFG Hermes cut Ezz Steel's fair value to 21.00 pounds from 23 ...
Northland's NewsCenter - Brainerd Daily DispatchU.S. Sens. Amy Klobuchar and Al Franken, Lt. Gov. Tina Smith and U.S. Rep. Rick Nolan met Friday with top administration officials at the White House in an effort to determine what immediate steps can be taken to stop mining and steel industry job ...
Beyond this year, the UBS steel production forecast is flattish because of a slowing property sector, growing global protectionism against Chinese steel and Chinese government environmental policy and capacity closures. The key message is our global ...
Suspects include financial institutions and big banks, automotive, manufacturing, steel, and agricultural companies, law and accounting firms, plus ten members of the Ministry of Finance Board of Tax Appeals (CARF) which hears tax litigation appeals.
After the successful start up of the stainless steel melt shop of Fujian Fuxin Special Steel (part of Formosa Plastics Corporation) in Zhangzhou, China, by the SMS group in 2014, last month the Duplex VOD X-eed unit supplied by SMS Mevac, Germany ...
Russian coking coal miner Raspadskaya said on Friday it would not pay dividends on its 2014 results. The company, controlled by steelmaker Evraz, is scheduled to release financial results for the fourth ...
Last week, a comprehensive index that monitors the price of delivered steel products in China jumped 2.62 per cent to 96.22, according to domestic Chinese consultancy and data provider MySteel. In Shanghai, Jinan and other areas, the price of steel ...
90% of the equity interest in Henan Hui Ji; ii. 85% of the equity interest in Wujiang ... 9.22% by Tianjin Qian Sheng and 25% by Shandong Shengli Steel Pipe Limited (Shandong Shengli). Thereafter, Mr. Li acquired 25% of the equity interest in the Target ...
Clive Palmer's business empire is feeling the pinch with a drop in iron ore prices and this week's $3 billion writedown of his prized asset, the Sino Iron project in Western Australia. Mr Palmer's Chinese partner and mine operator CITIC announced in Hong Kong on Tuesday a larger-than-expected impairment against the troubled Pilbara project.
Last week, a ton of iron ore sold for $54.60 in China. That's a bigger deal than some little butterfly. It means that mines here on Northern Minnesota's Iron Range can soon expect a ton of taconite rolling off the Mesabi to fetch little more than the ...
Mr Power said China's fundamental economic growth also remained strong and demand for steel would remain robust even as China ... or on Chinese media speculation that 15 per cent owner Hunan Valin could seize on Fortescue's low share price to increase ...
Earlier last week, a report by the World Steel Association also showed that Iran's steel production output in January-February 2015 increased by 15 percent from 2.4 million tons in the same 2-month period last year. Iran is reportedly the biggest steel ...
Other Chinese steel producers also dismissed the proposal ... while they continue producing at the same level, said Shu Hong, deputy general manager of Shougang Concord International, a subsidiary of the Shougang Group, one of China's biggest state ...
In January-February Zaporizhstal produced 640.8 thousand tons of steel, up by 2.1% YoY. Pig iron output reached 605.7 thousand tons, while that of rolled metal – 563.7 thousand tons, up by 14.4% and 1.4% YoY respectively. “The current market situation in Ukraine has resulted in a considerable domestic demand fall, while world metal prices continue
The LegacyCommercial Metals Company together with its subsidiaries manufacture, recycle and market steel and metal products, related materials and services through a network, including steel mini mills, steel fabrication and processing plants, construction ...
Indigenous traditional owners of the lands have rejected Indian mining giant Adani's 16.5 billion dollar mine, rail and port projects in Australia's coal-rich Queensland state, in what is being described as the biggest case in recent history involving native title law.
Finished steel imports accounted for about a 32-percent share of the U.S. market in February, with year-to-date finished imports up 36 percent compared with the first two months of 2014, the American Iron and Steel Institute said. Some products have seen ...
A South Holland steel tube manufacturer employing 80 people will be hopping the border to move to Gary's Glen Ryan neighborhood. T&B; Tube Co. will begin work on renovating the former Sterling Lumber building at 4000 E. 7th Ave. almost immediately and ...
RADNOR, Pa.--(BUSINESS WIRE)--Airgas, Inc. (NYSE: ARG), one of the nation's leading suppliers of industrial, medical, and specialty gases, and related products, today announced that it has signed a long-term agreement to build an air separation unit (ASU) to supply tonnage oxygen, nitrogen and argon via pipeline to Nucor Steel Tuscaloosa, Inc., a subsidiary of Nucor Corporation, at its steel ...
NEW ORLEANS, March 27, 2015 /PRNewswire/ -- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (KSF) are investigating the proposed sale of Revett Mining Company, Inc. (Revett or the Company) (NYSE: RVM) to Hecla...
The elimination of high-cost miners is an inevitable trend, said Feng Guoqing, general manager at Shougang Mining. The oversupplied market will make the decision to close them. In Hebei, China's top steel producing province, 80 percent of local mining ...
BDlive - BDliveMMG has moved three-quarters of the villagers and expects to complete the relocation this quarter. Relocation plans cover minute details. In Fuerabamba, for instance, Xstrata brought in husbandry experts to breed healthier, bigger guinea pigs, which ...
GlobeNewswire - CLEVELAND -- Olympic Steel Inc. , a leading national metals service center, today announced Sean Heenan has been named General Manager of the Company's operation in Winder, GA, effective April 1, 2015....
NMDC, India's largest iron ore producer and exporter in public sector, on Sunday commissioned its new iron ore mine in Chhattisgarh's Dantewada district, worst hit by insurgency. The mine - Bailadila Iron Ore Deposit 11B - is located in Bailadila hills ...
Its all part of US Steels plan to consolidate its North American flat-rolled steel operations, as the industry deals with falling prices, slowing demand and competition from other places like China. read more
India's iron ore has been shrouded in policy issues. The high export duty of 30% has affected export volumes. Yet the government is expecting the consumption to grow at 8% rate o touch 218 million tonnes by 2016-17.
In the 25th edition of its Corporate Exploration Strategies (CES) report, SNL Metals and amp; Mining calculated that the mining industry's total budget for nonferrous metals exploration was US$11.4 billion in 2014.
Congo based Shenglong controls 90% of two Polymetalic exploitation permits under which rights are granted over much of Congo's metal mines. The exploitation permits are valid until 2036. The other 10% of the projects are owned by the Congolese Government.
The Indian cabinet’s approval of increased royalty rates on minerals including iron ore, copper and bauxite yesterday will raise costs for miners and metal producers, analysts and company officials said.
The Brazilian iron-ore producer will give workers at its Serra Azul unit in the Minas Gerais state a 30-day holiday, MMX said in a statement today. The furlough will begin during the first week of September.
The European Commission imposed a provisional anti-dumping duty on imports of stainless cold-rolled flat steel products from China and Taiwan this week.
A 25pc duty has been applied to Chinese companies Baosteel Stainless Steel and Ningbo Baoxin Stainless Steel, and a 24.3pc rate on Shanxi Taigang Stainless Steel and Tianjin Tisco & TPCO Stainless Steel. Taiwan's Chia Far Industrial Factory receives a 12pc duty, while Tang Eng Iron Works and Yieh United Steel's imports will incur a 10.9pc duty.
The commission initiated an anti-dumping investigation following a complaint lodged on 13 May, 2014 by European steel association Eurofer. The EU imported 143,420t of stainless steel from China in 2013, up by 153pc from 2010. Imports from Taiwan rose by 32pc to ...
KAZ Minerals is looking to build a new copper smelter in Kazakhstan to process ore from its new mines.
The London-listed company, which has incorporated growth projects of what was formerly Kazakhmys, today announced ...