S. America

Venezuela’s hot briquetted iron export prices slashed by $US 50 per mt

  Platts – Venezuelan hot-briquetted iron export prices this week continued to edge down for April bookings as sellers accepted lower bids and offers fell around $50/mt in line with the international trend, sources said Thursday. A Venezuelan trader said he booked this week around 30,000 mt for $250/mt FOB ...

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Citigroup: Iron Ore Will Breach $50 on China Demand

  Bloomberg – Iron ore will slump below $50 a metric ton as steel demand in China, the world’s largest producer of the alloy, remains fundamentally weak and mining companies’ costs extend declines, according to Citigroup Inc. Chinese steel demand shrank in January and February from a year earlier, the ...

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10.1 % rise in world’s primary Aluminum production in February 2015

  ArabMetal – International Aluminium Institute (IAI) announced that the total world production of primary Aluminum up to 4.504 million tons February 2014, an increase of 10.1% compared to the production of 4.091 million tons for the same period of last year. According to production figures announced by the Institute, «Arab ...

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Crude steel production rises slightly in February 2015

  WorldSteel – World crude steel production for the 65 countries reporting to the World Steel Association (worldsteel) was 128 million tonnes (Mt) in February 2015, a 0.6% increase compared to February 2014.  China’s crude steel production for February 2015 was estimated at 65.0 Mt. The total production for January ...

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Chile environmental regulator suspends operations at copper warehouse

Reuters – A Chilean court has asked port operator Antofagasta Terminal Internacional to suspend operations at one of its copper stockpiling warehouses for 30 days because of health risks from nearby particles, the environmental regulator said on Friday. Suspension of operations at the warehouse is not expected to impact copper ...

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Venezuelan export hot-briquetted iron (HBI) prices slump on scarce interest

Platts – Venezuelan hot-briquetted iron export prices have fallen sharply as buyers continue to be scarce in the global market, sources said Friday. One source at Briquetera del Caroni’s (BriqCar) said he sold around 20,000 mt of HBI in late February to a European buyer at $190/mt FOB, but its ...

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Vale delivered a strong operational performance with production records in iron ore, nickel, copper and gold Production Highlights

Vale delivered a strong operational performance in 4Q14 and in 2014, with production records in iron ore, nickel, copper and gold. Iron ore inventories decreased by 4.8 Mt in 4Q14 supported by record shipments in the quarter. Iron Ore – Annual supply record of 331.6 Mt[1] in 2014, including own ...

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Inauguration of Teluk Rubiah Maritime Terminal : Vale

  According to Vale,With a capacity of handling 30 million metric tons of iron ore per year, TRMT will serve as a strategic distribution hub to the customers in Asia. Until November, TRMT had already unloaded eight Valemaxes and loaded nine Capesizes and one Panamax successfully. On 7th November 2014, ...

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