Disruptions constrain automotive rebound, pent-up demand dissipating: ...Fri, 15 Oct 2021 00:00:00 GMT
The global automotive sector has rebounded strongly since the initial Covid-19 lockdowns last year but supply chain disruption is constraining further growth, worldsteel says in its latest short-range outlook (SRO). Those disruptions include not only semiconductor shortages, but also lack of containers, lack of shipping and lack of harbour capacities in some cases, worldsteel
Chinas power crisis will affect industries worldwideThu, 14 Oct 2021 00:00:00 GMT
The problem is that coal isn't getting any cheaper. After a sustained period of deflation prior to 2016, when a glut of dangerous and unregulated mines was closed down, annualized costs jumped 40% in 2017. They didnt really fall again until Covid-19 struck, and theyve since rebounded with a 57% increase from 12 months ago in August.
Mining News - Base metals projects post strong resultsThu, 30 Sep 2021 14:14:00 GMT
Drill results from mineral exploration programs in Canada's Yukon Territory this year are beginning to roll in as numerous companies wind down 2021 field operations in what some describe as one of the busiest mining seasons in years. Coming on the heels of an eight-year capital market down-cycle, plus a 2020 season burdened with operating restrictions due to the COVID-19 pandemic, the...
Mining has helped Australia weather the COVID-19 stormFri, 24 Sep 2021 00:00:00 GMT
Federal Minister for Resources and Water Keith Pitt explores the strength of Australias mining and resources sector despite COVID-19.
Coking coal beats iron ore to top spot for most expensive steelmaking ...Wed, 22 Sep 2021 00:00:00 GMT
Coking coal has surpassed iron ore to become the most expensive raw material input for steel makers, following a blistering rally in prices in the recent weeks, an analysis by S&P Global Platts showed. Global steel mills from East Asia to India, Europe and Brazil have been scrambling to procure metallurgical coal amid a historic rally caused by tight global supplies and disruption in trade flows due to the COVID-19 pandemic. A Platts calculation based on 1.6 mt of iron ore and 0.7 mt of
China Steel lifts prices 1.32% next month, in Q4Fri, 17 Sep 2021 00:00:00 GMT
China Steel Corp yesterday said it would raise prices for domestic deliveries by 1.32 percent next month and for next quarter to reflect higher manufacturing costs and rising steel demand. Strong global economic recovery, a bullish prediction of Taiwans GDP growth of 5.4 to 6 percent, and large infrastructure projects in the US, China, Europe and India have set the tone for a strong steel market for the coming seasons, but there is still uncertainty due to the COVID-19 pandemic and
NMDC reduces prices, steel companies roll over prices in SeptemberWed, 08 Sep 2021 00:00:00 GMT
With domestic demand playing catch up and iron ore prices on the mend, steel companies have rolled over prices for the month. Three of the top steel producers said that prices for the month had been rolled over. Steel demand in the domestic market was impacted by the second wave of Covid-19, which reflected in a price correction in July. There was an increase in August in the global and domestic markets on the back of a cut in steel supply in China and now steel prices in the domestic
Rio Tinto vaccination blitz now underwayFri, 03 Sep 2021 00:00:00 GMT
Rio Tinto has commenced its COVID-19 vaccination blitz in the Pilbara with appointments now available in Tom Price and Paraburdoo.
OceanaGold resumes in NZ after copping COVID shutdownsThu, 02 Sep 2021 00:00:00 GMT
OceanaGold has recommenced operations at its Macrae and Waihi gold operations in New Zealand, after COVID-19 spikes caused their shutdown from mid-August.
National Group helps clients safeguard against post-COVID equipment ...Wed, 01 Sep 2021 00:00:00 GMT
Mining companies need to plan their equipment-rental needs further in advance to safeguard against potential supply shortages when COVID-19 restrictions ease, National Group managing director Mark Ackroyd says.
Contributed Rs 2.74 lakh crore to exchequer in past 10 years: ...Tue, 31 Aug 2021 00:00:00 GMT
Over the past 10 years, the company has made a total contribution of Rs 2.74 lakh crore to the national exchequer, it said. Despite the challenges posed by the COVID-19 pandemic during the fiscal, Vedanta's tax contribution in FY21 was nearly Rs 550 crore higher than the previous financial year.
Mining News - Mining activity heats up after slowdownThu, 26 Aug 2021 13:19:00 GMT
Mineral exploration activity is heating up this summer in Nunavut after a yearlong hiatus sparked by restrictions and cautionary moves driven by the COVID-19 pandemic in early 2020. For the northern Canadian territory's two mine operators and a handful of advanced- and early-stage explorers, the outlook for 2021 programs is much brighter. In mid-June, the Government of Nunavut gave Agnico...
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