India: Chrome Ore Production fell by 18% in May’19
Odisha contributes almost entirely towards chrome ore production in India. Chrome Ore Production in May’19 was noted to be 380,909 MT. It is lower than the previous month’s production viz., Apr’19 by 18%.
Production level by Captive miners fell by 13% as compared to the previous month in May’19. Balasore Alloys contributed the highest amount in the production of Chrome Ore, amongst the Captive mines in India. However, the production was lower as compared to the previous month in May’19 by 21%. Meanwhile Infrastructure Development Company Limited (IDCOL) increased their production by significant levels. However, Ferro Alloys Corporation Limited (FACOR) increased their production levels by marginal level in May’19 M-o-M.
Production levels by Merchant miners were lowered down from 420,340 MT in Apr’19 to 340,572 MT in May’19 which accounted for 19% downtrend. Misrilall Mines and TATA Steel in together contributed to approximately 64% of the total Chrome Ore Production by India in May’19. Production for TATA Steel stood at 172,471MT which was inched up by 13%. Misrilall Mines decreased its production levels significantly by 55% to 71,320 MT.
Misrilall Mines and TATA Steel, however, remained the largest miners in May’19. Odisha Mining Corporation (OMC) remained the third largest merchant Miner with 50,210MT production in May’19. Meanwhile, production cuts in IMFA and OMC were observed by 13% each. However, production levels of B.C. Mohanty & Sons were stable in May’19.
source: SteelMint
Top News
Six last month
Two last year
Copper price, stocks are being hammered as Trump tariff, China worries mount
China, Indonesia seal $10 billion in deals focused on green energy and tech
Codelco copper production rises in September, Escondida dips
Suitors circle American Eagle Gold as South32 takes 19.9% stake
Top gold ETF sees largest weekly outflow since 2022 on Trump win
US judge narrows investor lawsuit against Rio Tinto over Mongolian mine
Japan, Peru to agree on cooperation in mineral mining technology
Ahead of Rio Tinto buyout, Arcadium’s profit dips on sliding lithium prices
MinRes halts Bald Hill mine amid lithium price rout
Orano warns of financial problems at Niger uranium plant
Zimbabwe lithium miners want royalties to be linked to prices
Indonesia’s Jan-Oct nickel ore imports surge by 50 times from year ago
Hedge funds slash bullish wagers on gold over Trump election win
Families gather at South African mine shaft where hundreds are feared stuck underground
Soaring demand for copper will help drive mergers, BHP CEO says
Gold price faces worst week since 2021 as Fed signals no rate-cut rush
Lithium in nascent rebound, but long-term outlook is bleak
Higher silver supply to reduce global deficit by 4% in 2024
Swapping aluminum for copper will maintain China’s resources, group says
Orano warns of financial problems at Niger uranium plant
Zimbabwe lithium miners want royalties to be linked to prices
Indonesia’s Jan-Oct nickel ore imports surge by 50 times from year ago
Hedge funds slash bullish wagers on gold over Trump election win
Families gather at South African mine shaft where hundreds are feared stuck underground
Soaring demand for copper will help drive mergers, BHP CEO says
Gold price faces worst week since 2021 as Fed signals no rate-cut rush
Higher silver supply to reduce global deficit by 4% in 2024
Swapping aluminum for copper will maintain China’s resources, group says