Metallurgy news

• China's nickel ore reserves continue to fall In seven major Chinese ports, nickel ore stocks dropped significantly during the week ending January 26, according to Shanghai Metals Market. Nickel ore stocks fell 150,000 tonnes in a week, according to SMM. Domestic nickel ore market trading in China has stalled with the 2017 New China Year... 29.01.2017  13:43

• Africa's exploration budget declines 24% in 2016 While Africa accounted for 13%, or $ 916 million, of the global exploration budget in 2016, research from Standard & Poor's found it was 24% lower than in 2015. Survey data found that of 34 mining countries in Africa, only the Democratic Republic of the Congo (DRC) set an exploration budget... 29.01.2017  13:32

• Russian gas is supplied to Europe at full speed In general, this year, record volumes of daily export deliveries of Russian gas have already been set six times. In addition, the record result has been revised up to sixteen times since mid-October. The main reason for the increase in exports is the growing demand for gas in Europe. Demand is... 29.01.2017  12:58

• Interpipe registers a trademark in Saudi Arabia to combat counterfeit products The global steel pipe manufacturer Interpipe has registered a trademark with the Saudi Arabian Ministry of Trade and Industry. The registration of the trademark in the United Arab Emirates (UAE) is a step that will strengthen the company's position in the fight against counterfeit steel... 28.01.2017  13:06

• Global gold production will continue to decline A new report from GFMS analysts noted that primary gold shipments continued to fall in the fourth quarter of last year. In addition, 2016 was the first calendar year of such a significant drop in mine output since 2008. Global gold mine shipments fell 22 tons, or 3% year on year, according to... 28.01.2017  11:26

• Energy and metals prices are expected to rise World Bank analysts believe that prices for industrial raw materials, including energy and metals, will rise strongly in 2017, driven by falling supplies and rising demand. In a published report on the outlook for commodity markets, the World Bank retained its previous forecast for oil prices in... 27.01.2017  10:40

• Trump allows controversial Keystone pipeline to resume Canadian operator TransCanada has unveiled a new application for the construction of the pending Keystone XL pipeline to pump oil in Texas. The project will create tens of thousands of jobs and economic growth in both countries, the company said on Thursday. US President Donald Trump secured the... 27.01.2017  10:18

• Zaporizhstal began assembling a blast furnace during a large-scale reconstruction In November last year, Zaporizhstal started the reconstruction of blast furnace No. 3. To implement the project, the plant created an intelligent model of a blast furnace, which made it possible to increase the efficiency of the reconstruction and reduce the time required for its implementation.... 27.01.2017  09:39

• Court upholds EU sanctions against Russian arms company The European Union Court of Justice in Luxembourg on Wednesday upheld EU sanctions against the manufacturer of Russian anti-aircraft weapons, Almaz-Antey. The group's assets in the EU will remain frozen. Almaz-Antey is on the list of Russian entities on which the EU imposed sanctions in 2014 in... 26.01.2017  11:16

• Guizhou to close 120 coal mines in 2017 Guizhou Province, one of the main coal suppliers in southwest China, plans to close 120 coal mines and cut coal capacity by 15 million tonnes in 2017, responding to the nation's challenge to tackle the sector's overproduction. “Although the coal industry contributes 15 percent of the province’s G... 26.01.2017  11:02