MetalMiner

India’s Nalco to Tap New Bauxite Reserve, Boost Alumina Production Capacity

Sohrab Darabshaw — Wed, 19 Jun 2013 11:00:43 +0000

India’s National Aluminum Company Limited (Nalco) and the country’s third-largest producer of aluminum, may soon be getting access to a new 65-million-ton bauxite reserve to expand its alumina...

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Metal Buyers to Fight for Lower Ocean, Air Freight Rates

Stuart Burns — Tue, 18 Jun 2013 17:05:24 +0000

An article on the SDV Live logistics site on air and ocean freight rates may come as a surprise to consumers struggling to cope with freight costs arising from the Asian sea and air routes....

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Toyota Motor Corp, BMW Blaze Trail in Automotive OEM-Supplier Relations

Lisa Reisman — Tue, 18 Jun 2013 17:03:42 +0000

A recent study by IHS Global Insight finds improved automotive OEM-supplier relations, bucking findings from another study MetalMiner covered several weeks ago in which overall scores fell compared...

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India Primary Aluminum Drops, While Price of Scrap Even in China

MetalMiner IndX Reports — Tue, 18 Jun 2013 17:01:11 +0000

On Monday, June 17, the day’s biggest mover was the cash price of primary Indian aluminum, which saw a 1.4 percent decline. Following a 0.1 percent rise yesterday, the cash price of primary...

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South Africa’s Eskom Short on Power, But Palladium, Platinum Prices Drop

MetalMiner IndX Reports — Tue, 18 Jun 2013 16:54:38 +0000

Platinum and palladium production dropped 13% in April 2013, according to a recent ETF Securities report, and South African power producer Eskom power saying that “demand exceeded supply by the...

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MMC Norilsk to Pay Up As China Nickel Prices Hit 30-Day Low

MetalMiner IndX Reports — Tue, 18 Jun 2013 16:41:22 +0000

Norilsk Nickel, the world’s largest nickel mining company, can’t win. At least in court. Via the Russian Legal Information Agency: ”The Moscow Commercial Court has dismissed the...

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Indonesia to Give Freeport McMoRan Copper Mining Green Light?

MetalMiner IndX Reports — Tue, 18 Jun 2013 15:47:33 +0000

Indonesia’s government holds Freeport McMoRan’s Grasberg gold and copper mining operations in its hands right now. “Freeport has passed on a letter (requesting) permission to reopen...

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Severstal Down on Steel Prices, While China Iron Ore Price Rises

MetalMiner IndX Reports — Tue, 18 Jun 2013 15:28:04 +0000

Looks like Severstal has taken on a gloom characteristic of its home country – specifically on its steel price forecast. Via Reuters: Deputy Chief Executive Thomas Veraszto said at a recent...

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