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AMSA confirms closure of Newcastle Works as it issues profit warning

Steel producer ArcelorMittal South Africa (AMSA) has announced that it will close its long-products business in a move that will affect 3 500 direct and indirect jobs and which is likely to have significant socioeconomic implications for the Newcastle region o...

Thursday, January 9, 2025

Nickel Asia aims to sell processing plant stake to Sumitomo

Nickel Asia Corp. is in talks to unload its minority stake in a key processing plant to Japan’s Sumitomo Metal Mining Co. as the Philippines’ top producer of the metal focuses on upstream mining and renewable energy businesses.

Thursday, January 9, 2025

ERG launches Bolashak, its new flagship highly-automated chrome mine in Kazakhstan, and will be gradually ramping it up to full design capacity of 7.5 mln tonnes of ore per annum

Eurasian Resources Group (ERG) has officially launched its Bolashak chromium mine in Khromtau.

Wednesday, January 8, 2025

Ukrainian business shows cautious optimism for 2025

Business confidence can only increase if energy supplies improve and hostilities cease

Wednesday, January 8, 2025

LME activity up 18% in 2024, nickel volumes at pre-crisis level

Average daily volumes at the London Metal Exchange (LME), the world’s largest and oldest metals forum, gained 18% to 664,698 lots in 2024 with nickel volumes surging by 59%, the exchange said on Tuesday.

Wednesday, January 8, 2025

Vale and GreenIron sign MoU for decarbonization of metals and mining chain

The Brazilian miner,Vale, and the Sweden metallurgic technology company, Greenlron, have signed a Memorandum of Understanding (MoU) to collaborate on key initiatives in Brazil and Sweden for the decarbonization of the mining and metals supply chain.

Wednesday, January 8, 2025

AISI: US Steel Imports Down 13.7% In November vs. October

The U.S. imported a total of 2,067,000 net tons (NT) of steel in November 2024.

Wednesday, January 8, 2025

Nippon Steel plans lawsuit after Biden's blocking of acquisition

Sources close to the matter said on Saturday that Nippon Steel is planning to file a lawsuit in response to Biden's decision, Kyodo News reported.

Wednesday, January 8, 2025
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