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Copper: Freeport Indonesia suspends operations at Grasberg mine
Freeport Indonesia has temporarily suspended mining and processing operations at its Grasberg copper mine after heavy rains flooded part of its concentrate production facility and damaged parts of a road. The company said it has freed 14 employees trapped in an office...
Nickel and palladium: Nornickel reported a drop in profit due to declining sales
Russian mining giant Nornickel said on Friday that its earnings before interest, taxes, depreciation and amortisation (EBITDA) fell 17 per cent year-on-year in 2022 to $8.7 billion, due to declining sales and supply chain disruptions. Although it was not directly...
Steel: global long products market remains uncertain
IREPAS, the global association of long steel producers and exporters, says that the situation in the global long products market remains uncertain, particularly with regard to developments in China. In some cases, however, expectations, initially characterised by...
Crude steel: CISA daily production increased by 2.61% at the end of January
The China Iron and Steel Association (CISA) announced that the average daily crude steel production of all of the country's large and medium-sized CISA member companies stood at 1.99 million tonnes at the end of January this year (21-31 January), an increase of 2.61%...