March 2003

South Africa proposes royalty regime for minerals

The South African government today announced a new royalty structure for mining companies with rates for metals and ores ranging from 2% to 4%.

SCMM to ramp up Jugochrom after acquisition

France’s Sté Commerciale de Métaux et Minerais (SCMM) has acquired most of the assets of the Macedonian Jugochrom company, which is currently in liquidation, though its Geneva-based subsidiary Comecim.

Yieh Phui to start Chinese CR plant in second quarter

Taiwan’s Yieh Phui Enterprise Co will commission the first phase of its cold rolling, galvanizing and colour-coating project in mainland China by the end of this year’s second quarter, said company president Wu Lin-maw.

Ferro-moly and ferro-vanadium prices in US rising

U.S. ferro-molybdenum and ferro-vanadium prices are rising in tandem as supplies remain tight, traders said.

Chinese ferro-molybdenum catches its breath

Last week's buying frenzy in China's ferro-molybdenum spot market appears to have subsided in recent days, as producers and traders take stock of the supply-demand balance.

Highlanders workers receive unemployment pay

United Steelworkers union members at Highlanders Alloys LLC, New Haven, W.Va., who began an unfair labor practice strike more than a month ago, have been awarded unemployment compensation by a West Virginia court.

Metallurg, Stratcor increasing vanadium prices

As prices continue to rise in the United States and Europe due to a shortage of material, U.S. ferrovanadium producers are lifting prices.

SA Chrome to build 235,000tpy ferro-chrome smelter

SA Chrome has announced plans to build a new 235,000 tpy ferro-chrome facility in a joint project with Jiuquan Iron & Steel (JISCO).

Thailand determines AD duties on CR stainless

The Thai commerce ministry has announced anti-dumping duties on cold rolled stainless steel imports from Japan, the European Union (EU), Taiwan and South Korea

Ferro-chrome price rally to continue in 2003 — MBR

Having enjoyed gains in 2002, ferro-chrome prices are likely to keep rising during the first half of this year, according to Metal Bulletin Research analyst Simon Mills.