The iron ore industry is worried about a further collapse in prices as the Chinese government has signaled it is abandoning its aggressive policy stimulus to boost economic growth, according to media reports. China's Finance Minister Lou ...
Tags: Iron Ore, industrial output
Russia's auto market shows no signs of improving in the next two years, having been hit by an economic slowdown and the weak rouble, according to media reports. Sanctions over Ukraine have hurt the Russian economy, hitting car sales to a ...
Tags: Russian, Demand, Metallurgy
Brazil iron ore producer Vale, which has not been allowed to dock its ships at Chinese ports, could soon get permission to unload. According to media reports, the Chinese shipping industry, led mainly by Cosco, worked hard to keep out the ...
Tags: Iron Ore, Chinese Ports
More than 80% of China's 63 polysilicon makers stopped production in 2011-2012 due to continual price drops arising from global oversupply. As polysilicon prices have rebounded since the beginning of 2014, a few of them have resumed ...
Tags: polysilicon, polysilicon output
A series of iron ore projects may be affected as a result of the low prices the market has seen for the product, according to media reports. Last week, the product reached $83.60/mt in the Chinese spot market, and from the beginning of ...
Tags: Iron Ore, Chinese spot market
Brazilian mining and iron ore producer Vale is selling its oil and gas assets to focus solely on iron ore, local Brazilian reports said. According to media reports, one the remaining upstream oil and gas licenses Vale had was now sold to ...
Tags: Oil, Gas, Iron ore, Metallurgy, Mineral
Brazilian steelmaker Companhia Siderurgica Nacional (CSN) will have to pay BRL 4 billion (US$1.78 billion) to the country's revenue service Receita Federal as a result of unpaid taxes. According to the nation's fiscal council Carf, CSN ...
Tags: Metallurgy, Mineral, Energy
Brazilian miner Vale has been freed from paying taxes on profits made overseas, according to a Reuters report. This is expected to provide an opportunity for Vale to demand a $10 billion refund on a settlement payment. According to media ...
Tags: Tax Dispute, Mineral, miner
ThyssenKrupp plans to invest up to BRL 450 million (US$197.4 million) in Brazil between 2013 and 2016, according to media reports. Several projects, which are included in the total investments the company expects to make in the country, ...
Tags: Metallurgy, Mineral, Energy
SOMEWHERE IN B.C-- What does an ex-con mob hit man do after he makes parole? Certainly he can’t and won’t be hired at any local school. It’s doubtful he would try, say, accounting. He’d have zero chance at the civil ...
Tags: Ex-Mob, Parole, Auto Parts
Viewing that total capacity of distributed PV systems installed around China so far in 2014 is far less than its 2014 target, China's National Energy Administration (NEA) plans to adjust subsidies from the original requirement that ...
Brazil’s car fleet will triple by 2050, said government-run energy research agency Empresa de Pesquisa Energetica (EPE). According to an EPE report, Brazil should have 130 million cars running on the streets by 2050. The growth in ...
Tags: Brazil, Car Fleet, Metallurgy
Two long and specialty steel producers in Brazil filed for bankruptcy last week, according to media reports. Both companies belong to the Wilson Santos group. Cisam Siderurgia and Ciafal, located in the cities of Para de Minas and ...
Tags: Brazil, Bankruptcy, Metallurgy
ThyseenKrupp’s CSA plans to end this year with a production that may exceed 4 million mt of steel plates. Last year, the company produced about 3.5 million mt of the product, according to media reports, which also indicate CSA would ...
Tags: CSA, Plate Production, Energy