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India Mining Industry Will Reach a Total Value of US$45.40Bn
India is home to a myriad of metals and minerals. Globally, the country is the largest producer of sheet mica, the third largest producer of coal, the fourth largest producer of iron ore and the fifth largest producer of bauxite. Besides these natural resources, India also hosts significant reserves of copper, zinc,
gold and about 26 [...]
CISA Review Regulation Import and Commerce Iron Ore Commerce
China Iron and Steel Association (CISA) will review regulation of iron ore commerce, especially speculative iron ore import, CISA plans disposal of center commerce of iron ore international Rizhao.
Sighting plan of regulation, caused existence of indication iron ore import and commerce, especially the price of iron ore, controlled by speculative commerce of iron ore.
Steel Prices in Asia Dropped 4%, Steel Demand and Market in China Review
Chinese spot steel prices dropped 4% to a five month low, reversing firm trade in recent weeks, as sporadic evidence of demand recovery in the auto and construction sectors failed to translate into broad based buying amid steady output growth.
Several Mining Companies Hold Plans New Mines Onstream
The global financial crisis and sharp falls in metals prices have forced several companies to abandon or put on hold their plans to bring new mines onstream.
Mining Exploration and Commodity Trends in 2009
The year 2008 is coming to an end on a positive note for commodities sector as it continues to outperform equities and other financial investment options. In India, commodities sector led by oil, mining and metals have been found to be the greatest wealth generators beating IT sector and real estate in the game.
China Iron Ore Mine Import Reported Rise 6.2% on Nopember
China’s iron ore imports rose 6.2% on month in November to 32.52 million metric tons, but analysts say that is merely a blip in contractual deliveries and some stockpiling at mills.
Australia Slashed Forecast for Iron Ore Output
Australia slashed its forecast for iron ore output in the year to next July by more than 15 percent as the global steel market withers, suggesting deeper cuts are in store from miners, but made modest reductions in metallurgical coal and copper production.
Mining Exploration Project, Production and Finance in World Trade and Market
LONDON (Dow Jones)
- United Company Rusal is to increase the level of aluminum production it cuts to 4% of its total global output, or around 168,000 metric tons a year, a company spokeswoman told Dow Jones Newswires Monday.
China Says Iron Ore in Surplus in 2009, Price to Fall
China, the world’s largest iron ore consumer, said the global market will be in surplus in 2009, one year earlier than expected, as the credit crisis slows economic growth and orders from steelmakers.
“It’s clear where iron ore prices will be going,” Liang Shuhe, deputy director of foreign trade at China’s Ministry of Commerce, said today [...]
