The price of iron ore is predicted to drop this year as growth of China's steel production slows and the supply of raw materials from international mining giants increases, according to industry experts. An estimate from UBS AG earlier ...
Tags: Iron Ore, Raw Materials
Wheat futures closed lower this week on continued pressure from record global supplies and poor export demand for U.S. wheat. Futures dropped sharply after USDA revised up its record-high world production forecast on Friday. CBOT wheat ...
Tags: Wheat, U.S Wheat PriceC, U.S Food Price
The coal industry suffered heavy losses last year amid rising stockpiles and falling prices, official data said on Tuesday. From January to November, profits for coal producers dropped 36.6 percent year-on-year to 197.64 billion yuan ...
Tags: Coal Producers, Mineral
After two years of a punishing downturn, the global solar industry is on the rebound, said Ash Sharma, senior research director for solar at IHS. "Worldwide PV installations are set to rise by double digits in 2014, solar manufacturing ...
Tags: Solar Market, solar industry
Chinese LED chip manufacturers are conservative towards expansion, according to the Commercial Times. Forepi and Genesis Photonics Inc. (GPI) have temporarily stopped introducing new MOCVD units for 2014 and are aiming to increase ...
Tags: LED chip
China's largest steel base, Hebei province, will cut 67.26 million metric tons of capacity by 2017 without putting too much emphasis on local growth in gross domestic product in order to create a sustainable development of the industry and ...
Tags: Steel Capacity, Pollution
Chinese firms make overseas acquisitions as domestic market becomes saturated Despite the economic slowdown and overcapacity issues, China's market for construction equipment will likely recover from lackluster growth, as major companies ...
China will encourage Chinese steel enterprises suffering from overcapacity to transfer their businesses to overseas markets where the steel market is still very big, a top official was quoted in a statement published on the website of the ...
Tags: steel enterprises, steel industry
China's economic growth is likely to stand at 7.6 percent this year, slightly down from 7.7 percent in 2012, said a State Council report on Wednesday. Economic growth has been higher than expected since 2011 despite a declining trend, ...
Tags: China's Growth, Mineral
Tangshan Iron and Steel Group Co Ltd is leading the effort to go abroad as the country's steel and iron industry struggles with overcapacity, reports Du Juan from Tangshan, Hebei province Against the background of the overcapacity problem ...
Tags: Steel Capacity, Mineral
China will impose a tiered power pricing system on aluminum smelters from Jan. 1 to cut overcapacity, the National Development and Reform Commission (NDRC) said on Monday. Power prices will stay unchanged for smelters that do not use more ...
Overcapacity and low prices are eating into steel companies' profits, an industry specialist said. Zhang Changfu, secretary-general of the China Iron and Steel Association, said on Sunday that the profits of China's steel companies in the ...
Tags: Steel Companies, Mineral
Reportedly, Zhang Changfu, the vice chairman and secretary general of the China Iron & Steel Association (CISA) said that the Chinese steel industry’s margin reached at 0.48% in the January-November period due to increasing steel ...
Tags: steel, metallurgy
It is reported that the Korean steel giant POSCO firmly believes that POSCO plant's 3rd Finex iron making facilities under construction will be completed in January next year, as planned. However, two construction workers killed in the ...
Tags: Construction, Steel
Chinese rare earth miners are being forced to phase out excessive production capacity as rising overseas suppliers chip away at their dominance in the global market. Russia announced in April its plan to invest $1 billion in rare earth ...
Tags: Rare Earth, Mineral