Graham Kerr, CEO at Australia-based mining and metals company South32, said that the price of alumina was expected to rise in the second half of this year in view of risks in the supply, including seasonal heavy rainfall in Guinea affecting shipments. Additionally, he said the aluminum price will also rise with the weakening US dollar. South3...

Subhrakant Panda, Managing Director of Indian Metals & Ferro Alloys (IMFA) expects ferrochrome prices to increase by ₹3,000 to ₹4,000 per tonne in the first quarter (April-June). In January-March, the company's average realisation was around ₹1,02,000 per tonne. Panda expects earnings before interest, taxes, depreciation, and amortisation...

The international molybdenum oxide price hiked by 18.55% year on year to US$39/lb during the Lunar New Year holiday. Meanwhile, the European ferromolybdenum price soared to over US$106/kg. Regarding China’s market, the molybdenum concentrate price went up by over CNY 5,500/ton after the Lunar New Year holiday. In 2022, China’s ferromolybdenum pr...

The Indian steel sector’s growth is likely to be stable despite the challenges posed by Russia-Ukraine war or the high inflation impacting input costs, said N Chandrasekaran, chairman, Tata Steel. “While there exist risks of high input costs, the growth of the Indian steel industry is likely to remain stable as domestic demand is expected ...

Tsingshan Investments Zimbabwe chief executive officer Benson Xu (left) takes government officials on a tour of the steel plant site in Mvuma BY Freeman Makopa THROUGH Tsingshan Investments Zimbabwe, Tsingshan Holding Group, the world’s largest stainless steel and nickel producer has kick-started the development of the c...

Tata Steel Chief Executive and Managing Director Mr TV Narendran in an interaction with Ishita Ayan Dutt of Business Standard said that “There should be some easing without compromising on the actions being taken to contain the pandemic. The country is too large and complex to be under complete lockdown for too long without harming economic acti...

NMDC CMD Mr Baijender Kumar discussed with Mr Surya Sarathi Ray of Indian Express on what holds for the company for the current fiscal. Q - Clearly increased prices saved the day for NMDC in 2018-19 as the tonnage was down. What is your assessment on iron ore prices for the current fiscal? A - Compared to international prices, our pr...

Mr Sushim Banerjee DG INSDAG in his personal capacity wrote that the performance of Indian economy in terms of standard economic parameters like GDP, consumption, investment, per capita income, inflation, current account deficit and fiscal deficit can be termed as reasonably good specifically while comparing with the result sheets of other ...

INTERVIEW: Mthandazo Nyoni FORMER Public Service, Labour and Social Welfare deputy minister Tongai Muzenda (TM) was recently appointed general manager of the Minerals Marketing Corporation of Zimbabwe (MMCZ), a government arm mandated to market the country’s minerals. NewsDay (ND) business reporter Mthandazo Nyoni interviewed Muzenda to ge...