UK-based bank HSBC has filed a court application to place Singapore-based trading firm Zenrock Commodities under judicial management, piling further pressure on the city-state's oil trading sector following the collapse of counterpart Hin Leong last month.
News ID: 9349 Publish Date : 2020/05/06
Poland's largest thermal coal producer Polska Grupa Gornicza (PGG) has stopped output from three of its mines, affecting about 20pc of its capacity, because of a worsening Covid-19 outbreak among its employees.
News ID: 9344 Publish Date : 2020/05/06
Total losses from a structured crude oil product marketed to retail investors by the Bank of China could be more than ($1.27 billion), the Caixin financial news outlet reported on Sunday, citing official sources.
News ID: 9246 Publish Date : 2020/04/26
China's domestic cold-rolled coil (CRC) prices have fallen to three-year lows because of a slow recovery in the auto sector, forcing mills with negative margins to make production cuts.
News ID: 9236 Publish Date : 2020/04/27
Seaborne coking coal prices surprisingly rose during the first quarter of this year in contrast to most commodities but the past three weeks have erased these gains, with Covid-19 slashing demand in major consumer regions Europe and India.
News ID: 9116 Publish Date : 2020/04/13
Cement companies in India, the world second biggest market, are wary about short-term prospects for demand and may not rush to restart plants if the federal government begins lifting its lockdown from 15 April.
News ID: 9068 Publish Date : 2020/04/08
India's domestic hot-rolled coil (HRC) prices increased this week as traders restocked.
News ID: 8288 Publish Date : 2020/01/10
India's coated steel prices remained flat this week, as demand stayed slow after the festive season ended in October.
News ID: 7462 Publish Date : 2019/11/14
Trader s in China have been rushing to sell off their coking coal cargoes since last week as reports surface of bans on customs clearance and vessel discharge at ports across China.
News ID: 7287 Publish Date : 2019/11/06
Iran's state-owned shipping company NITC has reported an incident involving one of its crude tankers in the Red Sea, further unnerving Asian petrochemical traders and distributors.
News ID: 6626 Publish Date : 2019/10/11
This week SteelMint heard from its trade sources that domestic HRC prices slumped further by INR 500-1000/MT in traders market post announcement of roll over in flat steel prices by major steelmakers in month of Sep’19.
News ID: 6448 Publish Date : 2019/09/11
Mining and commodities trader giant Glencore (LON:GLEN) is lending Canada’s First Cobalt Corp. (TSX-V:FCC) an initial $5 million to restart the company’s refinery in Ontario, which would become the only North American producer of refined cobalt for the electric vehicle (EV) market.
News ID: 6189 Publish Date : 2019/08/26
India's coated steel prices fell this week, as monsoon rains slowed construction activity.
News ID: 5821 Publish Date : 2019/08/07
This week Indian PPGI prices remain firm amid lesser trades prevailing in domestic market. Thus trade prices remain largely stable this week owing ongoing elections happening in domestic market.
News ID: 4535 Publish Date : 2019/05/15
Iran Alloy Steel Company intends to purchase 12 tons of ferrotungsten through public tender
Iran Alloy Steel Company intends to purchase 150 tons of Low-Carbon Ferro Manganese through public tender
Gold price faces worst week since 2021 as Fed signals no rate-cut rush
Iron ore price flirts with key $100/t level on firm demand, China stimulus hopes
Gold loses some luster after Trump’s decisive win
Hedge funds slash bullish wagers on gold over Trump election win
Resolute Mining says it will pay Mali $160 million in tax dispute
Families gather at South African mine shaft where hundreds are feared stuck underground
Russia takes aim at US nuclear power by throttling uranium
Earth AI, Legacy Minerals make first greenfield palladium discovery using artificial intelligence
Mexico’s proposed higher mining royalties could block nearly $7bn in investments
Sierra Leone woos miners to clean energy with $11 billion plan
Alrosa plans production cuts and staff reduction for 2025
Chile’s rare salt flat fish face threat from lithium mining project
Endeavour Silver raises $73m for Pitarrilla project
BHP to spend up to $14 billion on Chilean copper expansion
Chile’s rare salt flat fish faces threat from lithium mining project
British Columbia creates new mining ministry to tackle critical minerals amid doubts over capacity
China’s germanium, gallium ban could cost the US $3.4 billion
Iran Alloy Steel Company intends to purchase 12 tons of ferrotungsten through public tender
Iran Alloy Steel Company intends to purchase 150 tons of Low-Carbon Ferro Manganese through public tender
Earth AI, Legacy Minerals make first greenfield palladium discovery using artificial intelligence
Mexico’s proposed higher mining royalties could block nearly $7bn in investments
Sierra Leone woos miners to clean energy with $11 billion plan
Alrosa plans production cuts and staff reduction for 2025
Chile’s rare salt flat fish face threat from lithium mining project
Endeavour Silver raises $73m for Pitarrilla project
Chile’s rare salt flat fish faces threat from lithium mining project