Mitsui to expand LNG, iron ore assets despite signs of slowing economies

Japanese trading house Mitsui & Co plans to expand its liquefied natural gas (LNG) and iron ore assets to meet growing demand in Asia despite signs of a slowing global economy amid a prolonged U.S.-China trade row, its senior executive said.

“Energy and natural re

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Ukraine: Interpipe Niko Tube CEO retires

Sergey Filipiev has been appointed Interpipe Niko Tube CEO from September 11.

He has been working at major metal enterprises for over 20 years.

Before coming to Interpipe he has been working at Chusovoy Iron and Steel Works (Russia).

Valeriy Karpyuk, who has been heading the company since 2017, has retired. (Ukrainian metal)

Russia: Karelsky Okatysh resumes sales of iron ore concentrate to CherMK

Karelsky Okatysh has resumed selling iron ore concentrate to Cherepovets Iron and Steel Works. This is one of the first projects carried under the Upstream program. With its help CherMK has considerably decreased buying the concentrate from the third parties. During the summer Karelsky Okatysh has shipped 357 thousand tons of concentrate to Cherepovets. 100…

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Kazakhstan: scrap exports ban prolonged

The government has prolonged for 2 years the ban to export steel scrap, including pipes, rails, and elements of railroad and rolling stock.

Stainless steel scrap exports are allowed provided the contracts are registered with the Ministry of Economy not later than 5 days before shipping.

The ban was introduced in October 2018. (Ukrainian metal)

Armenia: opposition MP wants ad hoc committee to look into Lydian’s spending report

Opposition MP Sergey Bagratyan from the Prosperous Armenia (BHK) party suggests setting up an ad hoc committee to validate the report issued by Lydian Armenia, the gold developing company that seeks to resume operations at the Amulsar mine. “The figures in Amulsar operating Lydian Armenia’s reports, according to estimates of our experts, are highly exaggerated.…

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GLOBAL LITHIUM WRAP: Chinese battery-grade lithium hydroxide prices soften on ample supply, weak demand ahead of holiday

Spot prices for battery-grade lithium hydroxide in China were down this week due to ample availability of the material and a lack of significant demand ahead of national holidays in the country to mark the Mid-Autumn Festival (September 13-15). Battery-grade lithium hydroxide prices across other global regions were similarly down, with participants citing wide availability…

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