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According to a report from Petroleum News London, Tullow Oil, a British independent oil company focused on Africa, warned in London on January 27 that due to lack of drilling activities last year and the planned closure of the Jubilee oil field in Ghana, Tullow Oil's oil production this year will A drop of 16%.
Under the pandemic, India chromium products manufacturer Balasore Alloys stopped its production due to the debt of an energy company. After Covid-19 broke out, the price and demands for chromium products fell harshly, and it led to the disruption of supply chain, which made this company indefinitely stop its production. It is said that Balasore
According to the reports, Indonesian Ministry of Energy & Mineral Resources (ESDM) and Ditjen Minerba have announce that there will be four smelteries putting into use before 2021. Thus, at the end of this year, there will be 23 smelteries in operation totally. The statistics from Ditjen Minerba shows: by the 17th January of 2021,
Indonesia Focuses on Downstream Nickel Industry; Philippines Banned Nickel Mining on Tumbagan Philippines banned nickel mining while Indonesia's president Joko Widodo said will focus on the downstream nickel mining industry within next five years as the country has the world's largest nickel reserves. He says, the nickel reserve in Indonesia accounts for 60% of the
Oversupply of Nickel Orc across the World in 2020 According to the latest report published by World Bureau of Metal Statistics(WBMS), the oversupply of nickel ore in the global market has reached 63.7 thousand tons. However, in 2019, the nickel market was in shortage, reaching 27.6 thousand tons. According to the report from London Metal
After the global biggest export port of iron ore iron ore in short supply warned that there would be a cyclone, the price of iron ore has been consecutively going up for 12 days, which made the welding stainless steel market become more unrest. On Thursday, the iron ore from Brazil has soared more than
Norilsk Nickel Said The Epidemic Reduces Demand, Sales Down Much According to recent reports, Norilsk stated that due to the reduction in industrial demand due to the epidemic, the sales volume of nickel and palladium in Russia's Norilsk Nickel will be less than in 2020. Anton Berlin, the head of Nornickel’s sales department, said,
