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India: Toward a Reduction in the Reference Price of Bauxite to Support Aluminum Production and Consumption
In a move that could greatly affect the mining and industrial sector, the Indian government's Ministry of Mines recently made a proposal to reduce the reference price of bauxite. This price is critical in calculating the estimated value of mineral resources and the...
Turkish Ferrous Scrap Market: Downward Pressures and Global Influences
After peaking at $387/tonne CFR in early October, prices for ferrous scrap destined for Turkey fell rapidly to around $375/tonne CFR within three weeks. The price for HMS 1/2 80:20 from the European Union now stands at $355 $/t CFR, while material shipped from the...
The Revenge of Abandoned Mines: New Production Copper to Support Green Transition and AI Applications
With the exponential increase in demand for copper, which is essential for key technologies such as electric vehicles, renewable energy and data centres supporting artificial intelligence, mining companies face a crucial challenge: ensuring a stable and sufficient...
Sumitomo Corp. Nickel and Cobalt Production Resumes at Ambatovy, but Profitability Challenges Remain
Sumitomo Corp. recently announced the resumption of production at its Ambatovy project in Madagascar, after an interruption caused by a problem with a gas pipeline in late October. The project, which started in 2005 and is known to produce nickel and cobalt, is...