Commodities
Rio Tinto releases Q3 production results
(Posted on 18/10/19)Rio Tinto chief executive J-S Jacques said “We have delivered improved production across the majority of our products in the third quarter, with a solid result at our Pilbara mines driving increased sales of iron ore into robust markets. Our strong value over volume approach, coupled with our focus on operational performance...
White House announces “phase one” China deal
(Posted on 18/10/19)The White House has announced a “phase one” agreement in principle with China. Under the tentative agreement for the first phase of a trade deal, China allegedly will commit to purchase $40 billion to $50 billion annually worth of U.S. agricultural products, increasing gradually to that level over a two-year period.&...
NLMK begins hot testing at new furnace
(Posted on 15/10/19)Russia’s largest steelmaker, NLMK Group’s flagship site, NLMK Lipetsk, has started hot testing at its new furnace for preheating slabs before rolling at Mill 2000. The new reheating furnace will increase NLMK Lipetsk’s hot-rolled steel output by 110,000 tonnes (+2%), reduce energy consumption by 50%, and almost...
Australian grains look to Indonesia wins
(Posted on 15/10/19)GrainGrowers in Australia has welcomed the Joint Standing Committee on Treaties (JSCOT) recommendation that theParliament ratifies the Indonesia-Australia Comprehensive Economic Partnership Agreement(IA-CEPA), citing the significant opportunities it brings to the Australian grains industry.GrainGrowers now calls on bipartisan support...
Glencore and GEM extend cobalt partnership
(Posted on 09/10/19)GEM Co. Ltd (GEM) and Glencore have announce that they have entered into a five year agreement for the supply of cobalt hydroxide (cobalt).Under the terms of the agreement, Glencore will provide a minimum of 61,200 tonnes of Cobalt for GEM between 2020 and 2024.Mr Xu, Chairman of GEM commented: “GEM is very pleased to...
Cargill launches forest protection panel
(Posted on 09/10/19)Cargill has formed a new Land Use and Forest Protection Advisory Panel to accelerate progress across priority supply chains and provide a more systematized basis for the input of key global partners and NGOs.The panel is designed to ensure that the strategies and resources underpinning Cargill’s forest commitments...
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