LME base metals prices closed lower after disappointing week All base metals trading on the London Metal Exchange fell at the end of trading on Friday April 21 after a week in which some metals prices hit three-month lows. Regardless of being the only base metal to see a price upsurge at Friday’s […]
Grasberg Mine, Indonesia Tensions are increasing around Grasberg, the world’s second-biggest copper mine. It is happening because operator Freeport laid off thousands of workers. In order to retain losses from an underway argument with the Indonesian government, over mining rights. Firstly, copper miner Freeport-McMoRan Inc. warned it will punish workers for absenteeism at its […]
Friday April the 21st LME: Copper was the only base metal which went slightly up in this mornings trade. All other base metals prices fell. With the three-month aluminium price falling $2 per t and zinc dropping $10.50 per t. “The market is looking volatile at the moment; we have had a few […]
Steel U.S. President is launching an investigation about whether the steel imports from foreign countries affects U.S. national interests. “Steel is critical to both our economy and our military. This is not an area where we can afford to become dependent on foreign countries.” Firstly, China is the largest national producer. It makes […]
About Vale Vale SA is a Brazilian multinational corporation. Engaged in metals and mining. It is one of the largest logistics operators in Brazil. Vale is the largest producer of iron ore and nickel in the world. Vale’s nickel production declined in the first quarter of 2017. It was affected by planned maintenance […]
Saudi Aramco Most popularly known as Aramco, is a Saudi Arabian national petroleum and gas company. Firstly, it is based in Dhahran. Its value has been estimated between US$1.25 trillion and US$10 trillion. Which makes it the world’s most valuable company. Secondly, Saudi Aramco has the world’s largest proven crude oil reserves. Estimated at more […]
About the company Rio Tinto is a British-Australian multinational, and one of world’s largest metal and mining corporations. Rio Tinto(RIO.AX) (RIO.L) on Thursday said first-quarter iron production from Australia fell 3 percent. In comparison with the same period a year ago. Mostly due to wet weather at its mines. Heavy rain ruined Rio’s outputs. […]
Gabon is Africa’s fourth largest oil producer. (in Sub-Saharan Africa.) With an output of around 220,000 barrels per day, dominated by international oil majors Total and Shell. Gabon Trade Last Previous Highest Lowest Unit Balance of Trade 3711.95 3572.48 3964.22 439.20 FCFA Million Exports 6168.03 5829.90 6168.03 1125.40 FCFA Million Imports 2456.08 2257.42 2456.08 […]
Bringing global inventories down Mohammad Barkindo, OPEC secretary-general, saying that all OPEC and non-OPEC oil producers are taking part in a bringing the global stability to the Oil market. Speaking in the UAE, he said agreement data in March is showing better conformity by the oil producers than in February. “OPEC and non-OPEC […]
Buy American, Hire American Executive order of U.S. president, Mr. Donald Trump left a few open questions behind. Trump made a decision about reviewing the U.S. Visa program. Changing the position of high-skilled foreign workers in the country. Putting technology firms and the outsourcing companies that serve them, on notice that possible changes may […]