Before we head into the weekend, let’s take a look at the week that was and some of the metals storylines here on MetalMiner: Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook We took a look back at the most-viewed posts on MetalMiner in the year to date. Stuart Burns […]
Category: Company News
India’s Hindustan Copper Aims to Expand Ore Production
One of India’s largest miners, Hindustan Copper Ltd., is looking to grow in ore production by 25% to 5.15 million tons in fiscal year 2019-2020. The company has set a revenue from operations target of approximately U.S. $286 million, with a capital expenditures of about U.S. $86 million, mostly for mine expansions. Need buying strategies […]
Glencore, Umicore Enter into Long-Term Cobalt Supply Agreement
Multinational miner Glencore announced this week that it has entered into a long-term cobalt supply agreement with Umicore, a global materials technology and recycling group based in Brussels. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook According to Glencore, the cobalt will be sourced from its KCC and Mutanda operations […]
This Morning in Metals: ArcelorMittal Cuts European Production Again
This morning in metals news, steelmaker ArcelorMittal again cut its European steel production, Britain’s Official Receiver has been in touch with more than 80 potential bidders for British Steel and a Mexican steel executive was jailed in Spain and faces extradition to Mexico. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s […]
This Morning in Metals: Parties Register Official Interest in British Steel
This morning in metals news, a number of groups have registered interest in British Steel, Chinese iron ore futures surged to a new high, and Alcoa and Arconic workers could be set to go on strike. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Potential Buyers for British Steel Last […]
Week in Review: A Weakening Yuan, British Steel’s Struggles and a ‘Perfect Storm’
Before we head into the Memorial Day weekend, let’s take a look back at the week that was and some of the metals storylines here on MetalMiner: Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Stuart Burns delved into the situation at British Steel early in the week (prior to […]
What’s Next for British Steel, Britain’s Second-Largest Steelmaker, After Liquidation?
The British government did not find common ground with private equity owners Greybull Capital and Britain’s second-biggest steelmaker, British Steel, went into insolvency this week. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook As we wrote earlier this week, Greybull has blamed Brexit uncertainty for the double whammy of falling […]
This Morning in Metals: Codelco, Non-Market-Oriented Policies and British Steel
This morning in metals news, Reuters reported Chile’s Codelco copper mine is set to see its production drop over the next two years, trade ministers from the E.U., U.S. and Japan released a joint statement, and time is running out if British Steel is going to be saved. Need buying strategies for steel? Request your […]
This Morning in Metals: High Court Orders Liquidation of British Steel
This morning in metals news, British Steel failed to secure emergency funding it had requested to stave off its collapse, tariffs have depressed steel import volumes into the Port of Tampa Bay and iron ore prices continue to rise. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook British Steel Falls […]
This Morning in Metals: British Steel Teeters on Precipice of Administration
This morning in metals news, Britain’s No. 2 steelmaker is at risk of collapsing, U.S. aluminum maker Century Aluminum responded to the Trump administration’s decision to remove the Section 232 tariffs for Canada and Mexico, and rare earths could prove to be a weapon in China’s arsenal as trade tensions with the U.S. continue. Need […]