Asia
Asia
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Reuters Reported That Shipments of Refined Tin From Indonesia Fell 28% in November
Dec 13, 2012Reuters reported that shipments of refined tin from Indonesia fell 28% in November from the previous month to 7,945.68 tonnes. A trade ministry official said that operations at smelters have resumed after a halt in August, when firms in ...
Tags: refined tin, smelters operation, tin producing, tin
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GCC Is Estimated to Have Already Invested Around AED 17.3 Billion
Dec 13, 2012The Gulf Cooperation Council region is estimated to have already invested around AED 17.3 billion into aluminium projects with member states collectively producing around 3.6 million tonnes of the commodity a year to account for almost 10% ...
Tags: Gulf Cooperation Council, aluminium project, aluminium output, aluminium
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Chinese Smelters Are Likely to Hold out for Higher Treatment and Refining Charges
Dec 13, 2012According to Antaike Information, with global copper supply set to increase next year Chinese smelters are likely to hold out for higher treatment and refining charges in the face of a low initial offer from BHP Billiton.
Tags: copper supply, copper market, copper industry, Chinese smelter
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China's Production of Refined Copper Rose in November to a Record High
Dec 13, 2012Reuters reported that China's production of refined copper rose in November to a record high for the second straight month as more domestic manufacturers turned to local smelters for supplies that traders said were cheaper than imports. ...
Tags: refined copper, local smelters, smelters, copper industry
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London Copper Was Steady and Was Set to Close The Week Little Changed
Dec 13, 2012Reuters reported that London copper was steady and was set to close the week little changed as traders focused on the progress in US talks to avert a looming fiscal crisis while also waiting for a crucial jobs report from the world's ...
Tags: copper, China's industrial production figures, copper contract
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The Right to Mine Will Not Be Tied to The Requirement to Build an Alumina Refinery
Dec 13, 2012The Queensland LNP Government has taken the first concrete step towards its long stated aim of exploiting the Aurukun bauxite resource in western Cape York. This time around however the right to mine will not be tied to the requirement to ...
Tags: mining gold, bauxite, Aurukun Bauxite
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Long Steel Mills Worldwide Were in General Bothered by Lack of Demand
Dec 13, 2012According to the market outlook released by IREPAS, the global association of producers and exporters of long steel products, in November this year long steel mills worldwide were in general bothered by lack of demand, the rise in scrap ...
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Myanmar's Reformist Government Is Under Fire for Brutal Crackdown on Peaceful Protests
Dec 13, 2012Myanmar's reformist government is under fire for its brutal crackdown on peaceful protests against the copper mining project in Monywa, Sagaing Division. The police action which left several monks seriously injured has enraged the Myanmar ...
Tags: copper mining project, crushing resistance, Latbadaung mine
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Hebei Iron & Steel Group Led a Group Including Industrial Development Corp of South Africa
Dec 13, 2012Bloomberg reported that Hebei Iron & Steel Group led a group including Industrial Development Corp of South Africa Ltd in agreeing to buy Rio Tinto Group's Palabora Mining Co Rio will sell the companies a 57.7% stake for USD 373 million. ...
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Telecommunications Network Operator Chorus Saw Its Shares Plunge 12%
Dec 13, 2012Business Desk reported that Telecommunications network operator Chorus saw its shares plunge 12% at the open of NZX trading following a Commerce Commission a draft decision that would steeply cut what it can charge for access to electronic ...
Tags: copper market, scrap metal price, copper scrap, copper price
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Kazakhstan's Industrial Production Increased 0.4% in January Through November
Dec 13, 2012Bloomberg reported that Kazakhstan's industrial production increased 0.4% in January through November from a year earlier led by growth in copper output. The state statistics agency said that copper production advanced 7.9% to 332,600 ...
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Lanco Infratech Ltd Has Signed for a Long Term Sale of 300 MW Power
Dec 13, 2012Business Line reported that Lanco Infratech Ltd has signed for a long term sale of 300 MW power from its Unit 1 of Lanco Amarkantak Thermal Power Station to Madhya Pradesh. On November 1st, the Madhya Pradesh Electricity Regulatory ...
Tags: power plant, power supply, energy supply, lanco hills project
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China Paid Extra 300+ Billion Dollars During 2003 -2011 Due to Iron Ore Price Hike
Dec 13, 2012Mr Li Xinchuang deputy secretary general of China Iron & Steel Association said that China Iron & Steel Association encourages home steel mills to continue to invest in offshore iron ore resources in a downturn. Mr Li said that the ...
Tags: Steel, China Iron
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Source Is Still Awaiting a Temporary Approval From MOEF
Dec 13, 2012Source - The Hindu Business Line reported that National Aluminium Ltd, the Bhubaneswar-based integrated PSU aluminium maker, is still awaiting a temporary approval from the Union Ministry of Forests and Environment (MoEF) for resumption of ...
Tags: bauxite mine, bauxite stock, Panchpatmali, MoEF
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At 5.3%, The Q2 GDP Growth Is Very Disappointing
Dec 13, 2012CII is deeply concerned with the continuing decline in GDP growth in the Q2 of the current fiscal driven by the poor performance of the manufacturing and agriculture sectors. At 5.3%, the Q2 GDP growth is very disappointing. Reviving the ...
Tags: indian tourism, order indian food, iron ore price news, india news
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