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Nornickel Ready to Restart Cobalt Production at Kola Plant After 2022 Fire
After more than two years of silence and reconstruction work, Russia's Nornickel is ready to restart its cobalt metal production at the Kola plant, located in the Murmansk region in the northwest of the country. The Russian giant, a leading domestic nickel and cobalt...
Base Metals Subdued on the Shanghai Futures Exchange
Base metal prices on the Shanghai Futures Exchange (SHFE) moved in mixed and moderate fashion in the morning session on Friday, November 7, reflecting a market searching for direction after days of moderate volatility. At 10:30 a.m. local time in Shanghai, the most...
Chinese Stainless Steel Prices Decline Amid Weak Demand and Falling Raw Materials
The Chinese stainless steel market continues to lose momentum. In the week ending Wednesday, November 5, domestic prices fell again, held back by increasingly weak domestic demand and declining raw material costs, according to several market sources told Commodity...
Nippon Steel Lowers US Steel’s Profit Forecast: Amid Incidents, Tariffs, and Market Uncertainty
Japan's Nippon Steel has cut its US Steel subsidiary's profit forecast for the 2025 half-year financial year, citing a combination of market challenges, industrial incidents, and contractual issues that have weighed on results. The announcement, made on Wednesday,...