Loading
Thyssenkrupp records $2.3 billion write-down on steel division
Germany's Thyssenkrupp on Wednesday announced a €2.1 billion ($2.3 billion) write-down on its steel unit due to a "gloomy" outlook, highlighting the difficulty of winning over Czech energy group EPH as co-owner of the business. As a result of the write-down,...
Copper: Codelco to spend USD 720 million on Chuquicamata mine
Chile's Codelco, the world's leading copper producer, plans to invest an additional $720m to renovate the 100-year-old Chuquicamata copper mine in an attempt to halt the company's overall production decline. The company has already spent $5.7bn to convert the open-pit...
Crude steel: production in Germany fell by 4.1% in January-October
According to data released by the German steel federation Wirtschaftsvereinigung Stahl (WV Stahl), Germany's crude steel production amounted to 2.88mn tons in October this year, down 8.8% year-on-year. In the period from January to October this year, the country's...
Nickel: Korea’s Zinc-Trafigura refinery will expand MHP supply in East Asia
The Korea Zinc-Trafigura Refinery will use an integrated hydropyro process to produce a range of commodities, including nickel matt and mixed hydroxide precipitate (MHP). The refinery will be built through Korea Zinc's nickel sulphate subsidiary, Korea Energy...