February 2003

Chinese ferro-chrome exporters attempt Q2 price rise

The firming ferro-chrome market has given Chinese producers the impetus to raise export prices by several cents per lb going into the second quarter.

Chinese ferro-alloy export prices gain strength

Driven by the continuing power shortages in southwest China, producers of ferro-silicon are ramping up prices for export within East Asia.

Avmin sees jump in earnings

Despite the strengthening of the rand and Chambishi Metals' temporary shutdown in August and September last year, Anglovaal Mining has recorded a 239% rise in its headline earnings to R105m for six months to the end of 2002.

Stratcor renews vanadium deal, warns against new mines

The USA's Strategic Minerals Corp (Stratcor) has renewed a contract for purchasing vanadium-bearing slag for the period 2003-2006.

DLA puts Holder at stockpile's helm

Cornel A. Holder has been appointed administrator of the U.S. Defense National Stockpile Center (DNSC) as part of a realignment of the group within the Defense Logistics Agency.

AvestaPolarit revamps Tornio BF

AvestaPolarit, part of Finland’s Outokumpu, is to proceed with a €55m upgrade to its No 1 melt shop in Tornio

Chinese ferro-moly sinks again

Chinese ferro-molybdenum prices have sunk again this week on a prolonged demand slump and increasing availability of concentrates in the physical market.

Plant closure gives boost to ferro-vanadium

U.S. ferrovanadium prices have received a boost from Xstrata AG's decision to close its struggling Windimurra vanadium plant in Western Australia, market sources said.

Ferro-chrome producers set to win price hike

South African charge chrome producers are set to gain a hefty 7 cents increase for the second quarter.

Zimbabwe devaluation brings relief to exporters

Metals and ferro-alloys producers in Zimbabwe have been given a stay of execution after the government effectively devalued the Zimbabwean dollar by 93%.