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Crude oil: Indonesia could absorb Russian product
Prudent feedstock selection and crude stock adjustment are crucial operational strategies for Southeast Asian refineries in times of oil price volatility, prompting Indonesia to consider processing low-cost Russian crude and intensify efforts to upgrade its facilities...
Aluminum: falling demand prompts Hydro to partially reduce production at Karmøy plant
Falling demand for aluminum billets in Europe, due to adverse European economic conditions and rising energy prices, has prompted the Norwegian aluminum smelter to partially reduce aluminum production at Hydro Karmøy and Hydro Husnes. The move will result in a...
Rare earths: Lindian gets approval for project in Malawi
Lindian Resources will advance its plans to develop the Kangankunde rare earths project in Malawi after getting the green light from shareholders to acquire the site's owner, Rift Valley Resource Developments. Shareholders voted unanimously in favor of the purchase...
Chinese industrial firms’ profits fall 2 percent year-on-year
According to the latest data released Tuesday morning by the National Bureau of Statistics (NBS), gross profits of China's large industrial enterprises fell 2.1 percent year-on-year to 5.53 trillion yuan ($772 billion) in the January-August period, compared with a 1.1...