News

Salt: K+S reports H1 2020 fall in revenues

H1 2020 K+S revenues were down almost 10% at €1,929.2M, from €2,141.9M in H1 2019. Revenues in the Americas unit were stable but lower average prices in the Europe+ unit were not fully offset by higher volumes and exchange rate effects. The other major factor was a downturn in the… Read more

Chromium: August ferrochrome tender price remains weak

The Chinese ferrochrome tender price published by steel mills fell to an average US$0.70/lb Cr for the month of August, down 4.2% from July. Roskill View The tender price had dropped below US$0.70/lb Cr in January 2020 for the first time since May 2016, following which prices saw a strong… Read more

Lithium: Changes in export duty spark concern for Argentine producers

Lithium producers in Argentina are watching closely for signs of an increase to export duty that could raise their cost profiles, as the Argentine Peso (ARS) continues to fall. The ARS has consistently dropped in value since the 1990s, prompting consistent reactionary measures over the last 20 years. One such… Read more

Macroeconomics: US dollar weakening on evolving macroeconomic risks

The early stages of the COVID-19 crisis saw a rising dollar as investors withdrew money from emerging markets and moved it to a “safe haven”. This initial rise against the major traded currencies has now largely unwound. From its high point in March, the value of the US dollar has… Read more

Steel alloys: Dichotomy between China and ROW crude steel production

Global crude steel production showed a 7% y-o-y decline in June with the de-synchronisation between China and the rest of the world widening. In June, Chinese crude steel production rose 4.5% y-o-y while the world ex-China posted a 21% y-o-y drop. For the first half of 2020, respective changes were… Read more

Tin: Uis mine back on track for AfriTin

Namibian tin miner, AfriTin, has reported a 79% month-on-month rise in tin concentrate production for July 2020 at its flagship operation Uis mine. This brings concentrate production to its highest monthly level to date. Plant performance has improved on several operating measures with availability, utilisation and throughput all achieving monthly… Read more

Graphite: Syrah Resources reports no Q2 production

Syrah Resources of Australia, major producer of flake graphite in Mozambique, has reported no production from its Balama operation in Q2 2020 as a result of the effects of COVID-19. It highlighted on-going travel restrictions which have limited the mobility of its workforce, and weak end-user demand due to lockdowns.… Read more

Nickel, cobalt: Karora drops Dumont to focus on gold

In late-July 2020, Karora Resources (previously RNC Minerals) finalised the sale of its remaining 28% stake in the Dumont nickel project to two private funds advised by Waterton Global Resource Management (Waterton). As a result, Waterton now wholly owns the advanced stage nickel-cobalt-PGM deposit located in Quebec, Canada. Waterton initially brought… Read more

Nickel: FQM reports Q2 Ravensthorpe production, narrows guidance range

First Quantum Minerals (FQM) has reported second quarter production at the recently re-started Ravensthorpe nickel operation in Australia. The first high-pressure acid leach (HPAL) circuit was brought on-line in April and the second HPAL circuit in May. As a result, the mine and HPAL plant produced 1,979t of contained nickel… Read more