-
China mulls differentiating curbing measures among Chinese steel mills during the 2018 winter months depending on their individual waste emission situation, Wang Libin, President of Shijiazhuang Municipal Research Academy of Environmental Science, shared at a panel discussion at the Singapore Iron Ore Forum on May 24.
-
The most-traded July nickel contract on Shanghai Futures Exchange (SHFE) has lost the steam, closing at Yuan 108,190/tonne ($17,173/t) on May 24, or down Yuan 2,050/t or 1.9% from a three-year high at Yuan 110,240/t on May 18 as nickel supply has seen increasing.
-
India's high court has ordered multinational metals and mining company Vedanta Resources to cease all activity at its Indian copper operation, namely Tuticorin Copper Smelter plant II, over environmental protection issues, according to a company update on May 23.
-
China imported 130,000 tonnes of aluminum scrap in April, down 28% on month and off 23% on year, according to the latest data from the General Administration of Customs released on May 23. The April result took the total for the first four months of this year to 620,000 tonnes, a decline of 11% from last year.
-
London-based global miner Rio Tinto confirmed on May 23 that it was in discussions to unwind its entire 40% interest in the Grasberg copper and gold mine in Indonesia for $3.5 billion.
-
China's Henan Shenhuo Coal Industry and Electricity Power Co (Shenhuo) will list its wholly-owned Henan Shenhuo Aluminum Co on Henan Property Rights Trading Center for sale, which is expected to complete by June, a company official disclosed on May 22.
-
China's power consumption by the secondary industry including heavy and light rose 6.9% on year to 1.42 trillion kWh over January-April, compared with a general 9.3% in the country's total power consumption, indicating that the sector has been growing healthily.
-
Shanxi Taigang Stainless Steel (TISCO), the listed arm of Taiyuan Iron & Steel Group Co, says the suspension of trading in its shares on the Shenzhen Stock Exchange which took effect from mid-April will be extended for another month while it finalizes an acquisition, according to a company report on May 16.
-
Chinese output of primary aluminum in April reached 2.77 million tonnes, inching up by just 1% on year, according to the latest detailed data released by the National Bureau of Statistics on May 15. Aluminum is the most important by volume of China's ten major nonferrous metals so its mediocre performance in April kept production growth of all ten including copper, lead, zinc and nickel to just 3% on year at 4.54 million tonnes.
-
Rusal, a leading aluminum producer in the world, posted its recurring profit up 22.4% on year to $531 million for the first quarter of 2018, though it warned of the possible affection in its performance due to the US sanction for the rest of the year.
