Metallurgy news

• Changes in Brazilian mining legislation could distort the global market Concerns over new regulations in the mining industry stem from a package of three presidential decrees issued last month. Changes related to the renewal of the country's legal framework in the field of mining, suggest a tax increase of 80%, which will lead to high costs, higher research costs... 20.08.2017  10:41

• Gold rush in Nicaragua Gold mining in Nicaragua, the largest country in Central America, is experiencing a dramatic increase thanks to the arrival of foreign companies with the money and knowledge to use the country's reserves. Gold mining has doubled in the country over the past 10 years According to a recent COPADES... 19.08.2017  12:41

• Zinc reaches its highest level in a decade Zinc prices rose significantly this week as they hit their highest level in nearly a decade thanks to robust global demand, declining inventories and a metal shortage in China, which accounts for over 40% of global zinc consumption. on the London Metal Exchange, three-month zinc futures are... 18.08.2017  12:14

• Copper price is close to the highest level since the end of November 2014 Copper in 2017 increased in percentage terms by 18%. In addition, the red metal recovered 54% in value after falling to a six-year low below $ 2.00 a pound in January last year. Copper futures traded on the Comex market in New York rallied amid global supply turmoil, and large speculators are... 18.08.2017  12:06

• Iron ore resumes price growth Steel raw materials jumped 5.6% to hit $ 75.70 a tonne, close to four-month highs last week, according to data provided by The Steel Index. The price of iron ore is now trading 43% higher than its 2017 lows of just two months ago, as China's resistance to pollution in heavy industries forces the... 18.08.2017  11:57

• Ireland bans hydraulic fracturing Ireland joined France, Germany and Bulgaria, which previously banned hydraulic fracturing. The upper house of the Irish parliament has approved the decision of the lower house to ban the use of hydraulic fracturing in the exploration of drilling for oil and gas onshore. In the Netherlands,... 17.08.2017  11:32

• China becomes the largest buyer of aluminum scrap for the United States According to the latest figures from the US International Trade Commission (ITC), the export of US aluminum scrap in the first five months of this year was 609,148 tons, an increase of almost 13% from 540,239 tons in the same period last year. Overall export growth reflected the purchase of... 17.08.2017  11:12

• US launches investigation into stainless imports from China On August 16, the United States Stainless Steel Manufacturers Association called on the US Department of Commerce and the International Trade Commission to initiate anti-dumping and countervailing investigations into the import of stainless steel flanges from China. Major products are listed in US... 17.08.2017  10:55

• Thyssenkrupp earns higher revenues and profits Thyssenkrupp sees an increase in revenues and EBIT during the first three quarters of the fiscal year, but the impact of one-off events provides a net loss. Components Lift Technology recorded record results with net income of 5.703 billion euros. The Industrial Solutions segment, after a good... 16.08.2017  11:46

• Europe is afraid of gas shortages Standard & Poor's analyzed the impact of the new US sanctions against Russia on the European gas market. Analysts believe there is not enough gas, and this is felt in market uncertainty. Russia is the largest gas supplier to the European market and covers about 30 percent. European demand for... 16.08.2017  10:55