NEWS
IRON and STEEL
 

Official: Iran to Export 10mln Tons of Steel by Yearend

23 January 2020 Time: 18:57
TEHRAN (FNA)- Iran's exports of steel will reach 10mln tons by the end of the current Iranian year (to end on March 19), an official said.
 

Fob China HRC outpacing other LME steel contracts

23 January 2020 Time: 17:30
The London Metal Exchange's (LME) Steel hot-rolled coil (HRC) fob China (Argus) futures has traded more than all of its other ferrous contracts combined this month.
 

India’s Essar stops steel offers to Europe

23 January 2020 Time: 17:27
Indian steelmaker Essar Steel will no longer offer its products to European markets, sources close to the matter said.
NON-FERROUS
 

Skoda’s upcoming model VisionIN comes with Aluminium Spoiler & Diffuser

23 January 2020 Time: 18:51
Zac Hollis, Head of Sales, Service and Marketing, Skoda Auto India Ltd. has communicated of the upcoming VisionIN model concept before its global premiere at the Auto Expo’20, coming up between 5th and 12th February’20.
 

Chalco Ruimin joins ASI as new Production & Transformation Member

23 January 2020 Time: 18:48
Aluminium Stewardship Initiative (ASI) announced Chalco Ruimin Co., Ltd. has become a new Production & Transformation member of the ASI. This brings the total number of members working toward a responsible aluminium value chain to 110.
 

Garnalex Aluminium floats flag for British manufacturing with ‘Made in Britain’ certification

23 January 2020 Time: 18:44
Garnalex has been honoured with the ‘Made in Britain’ mark of origin.
 

China issues second 2020 scrap import quota

8 January 2020 Time: 21:07
China has approved a new quota for more than 35,000t of copper, aluminium and ferrous scrap imports for delivery in 2020.
 

Viewpoint: Copper scrap spreads under pressure

31 December 2019 Time: 19:36
US copper scrap spreads are expected to remain under pressure into 2020 amid continued lower demand from China because of restricted import licenses and quality inspections keeping US supply elevated.
 

Iran to Keep Supporting Metal Exports with Tariffs

31 December 2019 Time: 18:30
Iran’s Industries Minister Reza Rahmani said that Tehran will keep imposing tariffs against raw metal exports to continue its policy of increasing exports of finished products in a bid to generate more added value for the country.
 

India steel: Talk of price hike lifts HRC sales

27 December 2019 Time: 18:29
Indian hot-rolled coil (HRC) prices rose this week on increased buying activity amid market talk about large mills planning a sharp price hike in the near term.
 

China to keep ferro-alloys, metals tariffs in 2020

23 December 2019 Time: 17:40
The Chinese government is maintaining its export duties on the main ferro-alloys for 2020.
 

Lead, Zinc Ore Extractions Top 660K Tons in 8 Months

21 December 2019 Time: 19:49
Major Iranian lead and zinc producers extracted a total of 664,176 tons of ores during the first eight months of the current Iranian year (March 21-Nov. 21) to register a decline of 18.52% compared with last year’s corresponding period, the Iranian Mines and Mining Industries Development and Renovation Organization’s latest report shows.
 

Australian Vanadium signs agreement with Chinese steelmaker

14 January 2020 Time: 15:57
Australian Vanadium said on Wednesday it penned a non-binding agreement with a unit of steelmaker HBIS Group Chengsteel that could see the Chinese firm buy vanadium and invest in the Perth-based firm’s flagship project.
 

Viewpoint: US indium oversupply to persist

27 December 2019 Time: 18:10
The US indium market is expected to remain oversupplied into 2020, with supply issues possibly worsening after the government auction of metal once held by the bankrupt Fanya exchange in China.
 

Viewpoint: V falls on higher availability

24 December 2019 Time: 18:16
Chinese vanadium prices have fallen in 2019 from a year earlier on a rise in spot availability and lower demand from producers of reinforcement steel bar (rebar) amid a slowing economy.
 

Sherritt lifts 2020 nickel guidance

23 January 2020 Time: 17:41
Nickel and cobalt producer Sherritt raised its 2020 nickel production guidance from the previous year at its Moa joint-venture in Cuba, while cobalt output expectations were unchanged.
 

European cobalt prices start 2020 on the rise

10 January 2020 Time: 18:36
European cobalt metal prices have increased since the start of the year, as the market anticipates higher demand and the electric vehicle (EV) market takes off in Europe.
 

US sanctions Iranian metals industry after attack

10 January 2020 Time: 18:25
President Donald Trump today rolled out a new round of economic sanctions targeting Iran's metals industry in an effort to punish the country for a missile attack earlier this week on two US military bases in Iraq.
MINERALS
 

China virus outbreak weighs on iron ore prices

23 January 2020 Time: 17:34
The iron ore price outlook has weakened ahead of a major Chinese holiday on fears that a coronavirus strain outbreak could delay the spring restart of construction projects.
 

Five iron ore trends to watch in 2020 – report

21 January 2020 Time: 15:42
Metals and mining research and consultancy group Wood Mackenzie has identified five trends that will impact the iron ore industry in 2020.
 

Brazil prosecutors threaten to revive $37bn lawsuit over Samarco delays

17 January 2020 Time: 15:46
Brazil’s federal prosecutors’ office has threatened to revive a 155 billion reais ($37 billion) lawsuit against Vale SA and BHP Group, citing delays in helping survivors of a deadly dam burst at their Samarco joint venture, a source close to ongoing talks on the matter between the companies and prosecutors told Reuters.
 

Teck doubles coking coal capacity from Ridley Terminals

9 January 2020 Time: 17:07
Canadian coking coal producer Teck Resources has signed an expanded commercial agreement with port operator Ridley Terminals to double coking coal throughput capacity from the Prince Rupert, British Columbia export terminal.
 

India pushes ahead with coal sector reforms

9 January 2020 Time: 16:48
India's coal ministry has identified as many as 40 coal blocks with an estimated production capacity of 150mn t/yr for its maiden commercial coal mining auction to be held before the financial year ends in March.
 

Low consumption drags on Indian coking coal imports

8 January 2020 Time: 21:12
Indian coking coal import volumes rose slightly in April-December from a year earlier as steel producers cut production rates in the fourth quarter on weak demand.
 

FCB Horomill®: 25-year history told by Buzzi Unicem

15 February 2019 Time: 19:48
In the February issue of International Cement Review, Buzzi Unicem reviews its cooperation with Fives in the development of the FCB Horomill® technology.
 

RMA cementing alliances in northwestern BC

31 January 2019 Time: 17:28
A partnership of First Nations, exploration companies and provincial government representatives is working well, as the three groups collaborate to progress mineral exploration and mining in northwest British Columbia.
 

REFRAJET® Addmix: An innovative injection system

27 November 2017 Time: 14:29
The REFRAJET® Addmix technology is an innovative injection system that was developed specifically for the installation of cement-free sol-gel bonded refractory concretes of the REFRAJET® Nanobond type.
 

Barminco’s remote system operates loaders 1,000 kilometres away

9 December 2019 Time: 19:38
Barminco has announced that it successfully piloted an operations centre that allows it to remotely manipulate, from the comfort of an office, underground equipment used at mine sites around the world.
 

voestalpine Tubulars commissions SMS group crimping press

5 December 2019 Time: 11:57
voestalpine Tubulars GmbH & Co KG, based in Kindberg, Styria, Austria, has commissioned a three-die crimping press supplied by SMS group. The new press, which replaces a predecessor model supplied by SMS group back in 1998, will assure voestalpine Tubulars an increase in plant availability and higher yield.
 

Steel products output to reach 28m tons by March 2020

1 November 2019 Time: 22:57
Iran’s steel products output is going to reach 28 million tons by the end of the current Iranian calendar year, IRNA reported, quoting deputy industry, mining and trade minister as saying on Thursday.
 

A global look at high-risk tailings dams

17 January 2020 Time: 15:28
Tailings dams are the most common waste disposal methods for mining companies, whether they’re extracting iron ore, gold or copper.
 

South Africa’s mining industry calls for action to end power crisis

17 January 2020 Time: 14:38
South Africa’s mining industry body on Monday urged the government to bring on stream new private sector power sources to ease the power crisis that has pushed the country to the brink of recession.
 

Brazil plans to allow mining in Amazonian indigenous reserves

10 January 2020 Time: 14:29
Brazil is pushing ahead with plans to allow mining in the indigenous reserves of the Amazon rain forest and will send a bill to Congress later this month to regulate the activity, according to the country’s minister for mines and energy.
Auto
 

Skoda’s upcoming model VisionIN comes with Aluminium Spoiler & Diffuser

23 January 2020 Time: 18:51
Zac Hollis, Head of Sales, Service and Marketing, Skoda Auto India Ltd. has communicated of the upcoming VisionIN model concept before its global premiere at the Auto Expo’20, coming up between 5th and 12th February’20.
 

South Korea sees EV, hydrogen fleet at 200,000 in 2020

10 January 2020 Time: 18:52
South Korea's government forecasts the country having more than 200,000 electric and hydrogen vehicles on its roads by the end of this year amid increased public incentives.
 

European cobalt prices start 2020 on the rise

10 January 2020 Time: 18:36
European cobalt metal prices have increased since the start of the year, as the market anticipates higher demand and the electric vehicle (EV) market takes off in Europe.
ECONOMY
 

Recap 2019: Slow demand and price downtrend crippled primary aluminium sector; a surplus market likely in 2019

18 December 2019 Time: 20:39
The year 2019 can be called an aftermath of trade wars, restrictive tariffs, sanctions, capacity cuts and price volatility that impacted the aluminium value chain the year earlier.
 

Commodities worth $404m traded at IME in a week

2 November 2019 Time: 21:59
During weekdays ending up to October 31, while 440,084 tons of commodities worth over $404 million were traded at Iran Mercantile Exchange (IME), the trading volume and value experienced a growth of 58 percent and 18 percent, respectively.
 

Value of trades at IME rises 22% in a week

20 October 2019 Time: 16:46
During weekdays ended on October 17, while 566,556 tons of commodities worth over $642 million were traded at Iran Mercantile Exchange (IME), the trading value and volume experienced growth of 22 percent and 29 percent, respectively.
 

Iran’s Pet-Chem Exports Rising Despite Sanctions

15 December 2019 Time: 17:04
New report shows that neighboring countries are increasing their purchase of Iran’s petrochemical products through a local energy exchange where more than $200 million sales have been recorded just in last week.
 

NIOC to Sell 6mln Barrels of Crude Oil, Condensates at Energy Exchange on Monday

14 November 2019 Time: 18:27
The National Iranian Oil Company (NIOC) plans to offer 6 million barrels of crude oil and condensates on the Iran Energy Exchange (IRENEX) on November 18.
 

Iran Posts Record Sales of LPG through Energy Bourse

12 November 2019 Time: 17:57
A new record has been registered in the daily sale of liquefied petroleum gas (LPG) produced in Iranian refineries and supplied through a local bourse mechanism, as reports recount that around 115 million liters of the fuel has been very recently sold in one single exchange.
 

As metal trade shrinks, exchanges fight back with new products

10 January 2020 Time: 14:26
Base metals trading volumes shrank on all three major global exchanges last year as trade war uncertainty and range-bound markets dampened speculative activity.
 

Top Stock Market Players Named

8 January 2020 Time: 18:05
Finance securities topped the list of stock market players and industries in terms of value of trade during the last calendar month ending Dec. 21.
 

Middle East Stock Markets Suffer Losses after US Assassination of Iran's Top Commander

5 January 2020 Time: 19:24
Saudi Arabia’s Tadawul All Share Index (TASI) as well as other key Middle East stock exchanges were down on Sunday after the US' assassination of Iran’s top general triggered a new round of tensions between Washington and Tehran.
 

Singapore delivered bunker premiums hit record high

28 August 2019 Time: 19:46
A shortage of bunker fuel and barges in Singapore has sent delivered premiums for 380cst high-sulphur fuel oil (HSFO) to record highs.
 

Startups Enter Insurance Industry

28 July 2019 Time: 21:23
Insurance industry plans to allow startups to handle 10% of Iran’s insurance market in the current fiscal year that started on March 21, said the head of Central Insurance company of Iran.
 

Official: Iran’s Insurance Industry Unaffected by Sanctions

5 December 2018 Time: 20:14
Director of the Central Insurance of Iran said the country’s insurance industry has successfully avoided being affected by the anti-Iran sanctions.
 

Official: Iran Producing Most Oil Industry Equipment

23 January 2020 Time: 18:59
Iran is at present producing 85% of its needs to oil industry equipment despite the harshest-ever sanctions imposed against the country by Washington, an official said.
 

Official: Iran to Export 10mln Tons of Steel by Yearend

23 January 2020 Time: 18:57
TEHRAN (FNA)- Iran's exports of steel will reach 10mln tons by the end of the current Iranian year (to end on March 19), an official said.
 

A €10 Mio. Investment a positive Signal to the Foundry Industry

23 January 2020 Time: 18:39
Official Opening of Mingzhi-Tech GmbH European headquarters in Leipzig
 

Opinion: Europeans Need to Do More

10 January 2020 Time: 17:58
For European businesses, it is a period of high uncertainty in Iran. No one can envy the challenges of decision-making facing their CEOs.
 

Officials: US Sanctions Helping Iran’s Self-Sufficiency

1 January 2020 Time: 18:35
Iranian factories and manufacturers which were reliant on parts and intermediary products for their production are now either producing their needs themselves or buying them from their compatriot partners, Deputy Head of Iran Trade Development Organization Farhad Nouri said, adding that this the plus point of US’ unilateral sanctions.
 

China to Fund 3.7 Billion Worth of Petchem Projects in Iran

31 December 2019 Time: 18:35
Governor of the Central Bank of Iran (CBI) Abdolnasser Hemmati announced that his country’s petrochemical sector will witness a significant growth with a huge investment of up to $3.7 billion by People's Bank of China.
 

India to propose easing foreign investment rules further

10 January 2020 Time: 14:24
India is considering further opening up its insurance and aviation sectors to foreign investors to help spur the economy, according to people familiar with the matter.
 

Acting banks to loan $3b to develop oil industry’s upstream sector

9 December 2019 Time: 21:49
Iranian acting banks are authorized to offer up to $3 billion of loans to the oil industry’s upstream sector, according to the country’s budget bill for the next calendar year (starts on March 19, 2020), IRNA reported.
 

Commentary: Gold sector fragmentation hurts investors

9 December 2019 Time: 21:10
Of all the mining sectors, gold is possibly the most fragmented, and the gold industry and its investors would realize considerable benefits from consolidation. Brokerage Pollitt & Co. estimates that 50% of global iron ore and copper production comes from four and 10 companies, respectively, while 25 companies account for just 45% of total gold production.
 

Envoy: Iran Progressing in Developing Smart Cities

7 December 2019 Time: 17:51
Iran is taking long strides in developing smart cities with strengthening infrastructures, the country’s Ambassador to Romania Morteza Abutalebi said.
 

Minister: Iran to Reconstruct Syria's Ravaged Water, Sewage Infrastructures

5 December 2019 Time: 16:17
Iranian Energy Minister Reza Ardakanian announced that Tehran and Damascus will sign a Memorandum of Understanding (MoU) which paves the ground for Iran's cooperation with Syria in reconstruction of its water and sewage infrastructures destroyed during war.
 

Portside weakness drags down PBF premiums

14 November 2019 Time: 19:27
Seaborne floating premiums for PB fines have halved since early October, pressured lower by weakness in China's portside markets.
 

Customs Index Indicates Rise in Iran’s Exports

22 December 2019 Time: 18:14
New figures released by the Iran Customs Administration (IRICA) show that the value of the country’s non-oil exports in the first eight months of the current local calendar year (March 21-Novomber 22) has exceeded the value of imports in the same period.
 

China Nov Crude Imports at Record High

8 December 2019 Time: 17:46
China’s crude oil imports hit a record high on a daily basis in November, as refiners operated at high run rates to use up annual import quotas.
 

China’s October coking coal imports dive further

27 November 2019 Time: 18:33
China's coking coal imports fell further in October as tightened import restrictions on Australian coking coal discouraged such shipments, even as prices remained relatively lower.
 

85% of Tax Revenues Collected From 3 Percent of Taxpayers

24 November 2019 Time: 15:48
Eighty-five percent of Iran's tax revenues come from only 3% of taxpayers, according to the head of Majlis Economic Commission, Eliyas Hazrati.
 

Swiss Gov't Approves Changes to Iran DTA

29 October 2019 Time: 20:05
The Swiss Federal Council adopted a dispatch on a protocol to the double tax agreement (DTA) with Iran on Oct. 23, which implements the minimum standards for such agreements.
 

Eliminating tax exemption in free zones not on agenda

21 October 2019 Time: 21:54
The secretary of Iranian Free Zones High Council said eliminating tax exemptions in the country’s free zones is not on the agenda of any official government or legislative bodies, IRNA reported.
 

Minister Stresses Increase in Investment in Iran despite Sanctions

23 January 2020 Time: 19:02
Iranian Economy Minister Farhad Dejpasand announced that investment of foreign states in Iran has increased in the first 9 months of the current year (ending on March 19) despite the harshest pressures and sanctions by Washington.
 

INFOGRAPHIC: The periodic table of commodity returns

13 January 2020 Time: 16:09
And although the broad commodity market finished up 17.6% on the year, the performances of individual commodities were all over the map. For those familiar with the sector, that’s pretty much par for the course.
 

India steel: Restocking boosts HRC prices

10 January 2020 Time: 18:43
India's domestic hot-rolled coil (HRC) prices increased this week as traders restocked.
GEOLOGY
 

B2Gold’s drilling results for Fekola mine in Mali show room to grow north

9 December 2019 Time: 21:05
Mid-tier Canadian miner B2Gold (TSX:BTO)(NYSE: BTG) has announced year-end exploration results for the Fekola property and Anaconda area in Mali that continue to support the conversion of Inferred Mineral Resources to Indicated Mineral Resources within the resource pit boundary.
 

Geoscience BC to explore copper-gold deposits buried below till

9 December 2019 Time: 21:03
Geoscience BC launched the Central Interior Copper-Gold Research series, a C$2.9-million initiative that aims to focus mineral exploration and attract investment across 50,700 square kilometres of British Columbia’s Cariboo and Fraser Canyon Countries.
 

Rare earth miner Lynas picks Kalgoorlie for processing plant

9 December 2019 Time: 19:56
Australian rare earths miner Lynas Corp (ASX: LYC) has selected the city of Kalgoorlie to build its new cracking and leaching plant to extract low-level radioactivity from the ore mined at its Mt Weld operation, which is then shipped to Malaysia for final treatment.
ENVIRONMENT
 

Brazil prosecutors threaten to revive $37bn lawsuit over Samarco delays

17 January 2020 Time: 15:46
Brazil’s federal prosecutors’ office has threatened to revive a 155 billion reais ($37 billion) lawsuit against Vale SA and BHP Group, citing delays in helping survivors of a deadly dam burst at their Samarco joint venture, a source close to ongoing talks on the matter between the companies and prosecutors told Reuters.
 

A global look at high-risk tailings dams

17 January 2020 Time: 15:28
Tailings dams are the most common waste disposal methods for mining companies, whether they’re extracting iron ore, gold or copper.
 

Brazil plans to allow mining in Amazonian indigenous reserves

10 January 2020 Time: 14:29
Brazil is pushing ahead with plans to allow mining in the indigenous reserves of the Amazon rain forest and will send a bill to Congress later this month to regulate the activity, according to the country’s minister for mines and energy.
ENERGY
 

Official: Iran Producing Most Oil Industry Equipment

23 January 2020 Time: 18:59
Iran is at present producing 85% of its needs to oil industry equipment despite the harshest-ever sanctions imposed against the country by Washington, an official said.
 

Aruba close to suspending Venezuela oil ties

23 January 2020 Time: 18:30
Venezuela's opposition-run parallel administration is close to an agreement with Aruba to suspend a lease on oil assets managed by Citgo Petroleum, the US refining subsidiary of Venezuelan state-owned PdV.
 

New Opec overture may reopen rift in Brasilia

23 January 2020 Time: 17:37
Brazil's fresh overture to Opec threatens to revive government discord over a proposed membership commitment that could restrict the non-Opec country's future pre-salt production growth.
 

China to sign US trade deal next week: Update

9 January 2020 Time: 16:51
Chinese government officials will visit Washington next week to sign a "phase one" trade deal with the US, China's commerce ministry said today.
 

Gas Price Rise Makes Road Transport More Attractive

8 January 2020 Time: 18:02
The number of passengers using road-based public transport services has increased to 100 million in the nine Iranian months ending Dec. 21 from 92 million during last year’s corresponding period, says an official with Iran Road Maintenance and Transportation Organization.
 

Asaluyeh Power Plant Steam Unit Ready by Spring

5 January 2020 Time: 19:00
Construction of the first steam unit of Asaluyeh Combined-Cycle Power Plant has made 90% progress and is planned to come online by March.
 

PetroRabigh shutdown to curb polymers output

8 January 2020 Time: 21:19
The scheduled shutdown of Saudi Arabia's 400,000 b/d PetroRabigh refinery at the end of February will restrict its production of downstream polymers.
 

Viewpoint: Octane supply likely to drive US TX market

3 January 2020 Time: 20:44
Availability of octane-boosting blendstocks could drive the US toluene and mixed xylenes (MX) market in early 2020 as new bunker fuel regulations affect global refinery operations.
 

Viewpoint: US crude flows to southeast Asia to grow

27 December 2019 Time: 18:35
Light sweet US crude volumes heading to southeast Asia are poised to increase in the coming year amid growing appetite for the grades from smaller refiners in the region, partly to comply with the International Maritime Organisation (IMO) 2020 regulations cutting sulphur in marine fuels.
 

Hengli starts up Dalian PTA unit

8 January 2020 Time: 21:23
China's Hengli Petrochemical is starting up today its 2.5mn t/yr No.4 purified terephthalic acid (PTA) unit at Dalian.
 

PetroRabigh shutdown to curb polymers output

8 January 2020 Time: 21:19
The scheduled shutdown of Saudi Arabia's 400,000 b/d PetroRabigh refinery at the end of February will restrict its production of downstream polymers.
 

Viewpoint: EU carbon market braces for Brexit

7 January 2020 Time: 19:12
The future of the UK's participation in the EU emissions trading system (ETS) will continue to dominate carbon price moves in the early part of 2020.
 

Official: Commercial Ships Enjoy Safety in Iranian Waters

8 January 2020 Time: 21:40
Managing Director of Iran’s Ports and Maritime Organization Mohammad Rastad announced on Wednesday that the commercial ships carrying cargo to the Iranian ports enjoy full safety in light of security provided by the country for its territorial waters.
 

3 Dams Open in Ardabil Province

1 January 2020 Time: 18:45
President Hassan Rouhani inaugurated three dams and an irrigation network in the northwestern Ardabil Province on Wednesday.
 

FAO, ULRP Provide Iranian Experts with Advanced Skills on Evapotranspiration Mapping

11 December 2019 Time: 20:20
As part of the “Integrated Programme for Sustainable Water Resources Management in the Urmia Lake Basin,” the Food and Agriculture Organization of the United Nations (FAO) and Urmia Lake Restoration Program (ULRP) held a 4-day workshop for Iranian experts, trained them on advanced methods to map evapotranspiration of agricultural areas using remote sensing satellite data.
 

Work Begins on Constructing 2nd Unit of Nuclear Power Plant in Bushehr

10 November 2019 Time: 17:13
Work for pouring concrete at the site of the second unit of Bushehr Nuclear Power Plant in south Iran started on Sunday.
 

Log9 Materials bets on aluminium fuel cells, 1000 km range electric car battery

8 January 2020 Time: 21:37
Log9 Materials, a Bengaluru-based start-up, believes that the fundamental is to focus on the generation of energy, in place of energy storage. It says that a car powered by aluminium fuel cells can have a drive of 1000 km, post which the aluminium plates can be replaced within minutes.
 

India should cut thermal power dependence: Govt panel

6 January 2020 Time: 17:11
An Indian government panel has recommended lowering the country's reliance on thermal power over the next five years as part of a $1.4 trillion infrastructure spending plan.
 

Baku Eager to Expand Electricity Cooperation with Iran, Russia

31 December 2019 Time: 18:33
Azerbaijan’s President Ilham Aliyev said his country has already established transmission lines with Russia and Iran, adding that Baku is eyeing for further trilateral energy cooperation in an upcoming meeting of the energy ministers of the three countries.
 

Official: Commercial Ships Enjoy Safety in Iranian Waters

8 January 2020 Time: 21:40
Managing Director of Iran’s Ports and Maritime Organization Mohammad Rastad announced on Wednesday that the commercial ships carrying cargo to the Iranian ports enjoy full safety in light of security provided by the country for its territorial waters.
 

Iran’s 5th Step Keeps Balance in JCPOA, Diplomat Says

7 January 2020 Time: 18:03
An Iranian deputy foreign minister said the country’s fifth and final step to reduce its commitments to the 2015 nuclear deal has helped to restore the balance in the Joint Comprehensive Plan of Action (JCPOA).
 

Iran Says to Continue Cooperation with IAEA after Taking 5th Step

6 January 2020 Time: 19:21
Iran’s Foreign Minister Mohammad Javad Zarif said the country would continue to fully cooperate with the IAEA despite its decision to take the fifth and final step in reducing its commitments under the 2015 nuclear deal.
 

South Korea sees EV, hydrogen fleet at 200,000 in 2020

10 January 2020 Time: 18:52
South Korea's government forecasts the country having more than 200,000 electric and hydrogen vehicles on its roads by the end of this year amid increased public incentives.
 

India should cut thermal power dependence: Govt panel

6 January 2020 Time: 17:11
An Indian government panel has recommended lowering the country's reliance on thermal power over the next five years as part of a $1.4 trillion infrastructure spending plan.
 

Viewpoint: Sustainable jet fuel poised for growth

31 December 2019 Time: 19:45
Government incentives and higher blending mandates will boost sustainable aviation fuel (SAF) production in the coming year, but greater support for renewable diesel may temper that growth.
 

Danish Firm Will Join Japan Offshore Wind Projects

21 January 2019 Time: 15:31
Tokyo Electric Power Company Holdings has signed a memorandum of understanding with Danish energy business Orsted to work together on offshore wind projects.
 

Sportswear Giant Signs Second Wind Power Deal

21 January 2018 Time: 23:24
Sportswear giant Nike has signed its second major wind power agreement with Avangrid Renewables. The deal is for 86 megawatts of wind power from the Karankawa Wind Farm in Bee and San Patricio counties in Texas.
 

Google to Meet All Energy Needs From Clean Power

2 December 2017 Time: 12:55
Google, the biggest corporate buyer of renewable energy, is buying even more—536 megawatts of wind power from four power plants.
 

Iran’s gas industry to be fully indigenized within 5 years

9 December 2019 Time: 21:43
Head of National Iranian Gas Company (NIGC) said his company is seriously pursuing a plan for indigenizing all the technology and equipment needed in the country’s gas industry within the next five years, IRIB reported on Monday.
 

Iranian companies sign €60m petchem equipment production agreement

23 October 2019 Time: 21:40
National Iranian Oil Engineering and Construction Company (NIOEC) signed an agreement with two domestic companies namely Machine Sazi Arak and AzarAb Industries for cooperation on indigenizing the manufacturing of some equipment used in petrochemical industry.
 

Iran 50% self-sufficient in petchem, power plant equipment

15 October 2019 Time: 20:10
Nearly 50 percent of the equipment and machinery used in Iran’s petrochemical industries, industrial complexes and power plants are build inside the country, Mehr news agency reported on Tuesday, quoting a senior official from Iranian Ministry of Industry, Mining and Trade as saying.
 

Tehran hosting bitumen, asphalt conference, exhibition

23 October 2019 Time: 20:21
Iran’s 11th National Bitumen, Asphalt and Machinery Conference and Exhibition kicked off in Tehran on Tuesday at the presence of the country’s Transport Minister Mohammad Eslami, the event’s portal reported.
 

South Africa’s mining industry calls for action to end power crisis

17 January 2020 Time: 14:38
South Africa’s mining industry body on Monday urged the government to bring on stream new private sector power sources to ease the power crisis that has pushed the country to the brink of recession.
 

Statfjord reprieved as Equinor plans decade of drilling

9 January 2020 Time: 16:55
Norwegian state-controlled Equinor will drill around 100 new wells at its North Sea Statfjord field in the next 10 years as part of a new plan to extend the field's life beyond 2035.
 

Mexico will not restart upstream auctions in 2020

8 January 2020 Time: 21:02
Mexico's government will not relaunch upstream auction rounds this year but will unveil a series of new energy projects by mid-February, President Andres Manuel Lopez Obrador said.
Transportation
 

Iran to Boost Passenger Plane Fleet Despite US Sanctions

23 December 2019 Time: 18:52
Iran’s Transportation Minister Mohammad Eslami announced that his country will receive three new passenger planes in the near future despite the fact that the US unilateral sanctions are barring foreign companies and entities from selling anything related to civil aviation to Tehran.
 

Iran Replaces Western Suppliers with Domestic Companies in Aviation Equipment

22 December 2019 Time: 18:32
Shiraz Electronics, an Iranian company, was awarded a contract to manufacture a high-tech device used in the airports to further increase the country’s self-sufficiency and curb Tehran’s reliance on Western companies in the aviation industry.
 

Official: US Sanctions Unable to Prevent Iran's Purchase of New Airplanes

16 December 2019 Time: 18:25
Head of Iran Civil Aviation Organization (CAO) Ali Abedzadeh stressed ineffectiveness of the US sanctions in barring Tehran from renovating its civil air fleet.
 

Tehran hosting bitumen, asphalt conference, exhibition

23 October 2019 Time: 20:21
Iran’s 11th National Bitumen, Asphalt and Machinery Conference and Exhibition kicked off in Tehran on Tuesday at the presence of the country’s Transport Minister Mohammad Eslami, the event’s portal reported.
 

Trucks Transit Over 9m Tons of Goods

21 October 2019 Time: 19:32
Iranian trucks transited 9.08 million tons of commodities through the country during the last Iranian year (March 2018-19) to register a 2.18% decline compared with the previous year, according to latest data released by the Road Maintenance and Transportation Organization of Iran, affiliated with the Ministry of Roads and Urban Development.
 

13% Rise in Road Transportation of Goods

7 October 2019 Time: 19:07
Iranian year (March 21-Sept. 22) to register a 13.33% and 0.66% growth in tonnage and number of trips respectively compared with the similar period of last year.
 

Rio Tinto’s full-year iron ore shipments drop on disruptions from cyclone and fire

16 January 2020 Time: 15:55
Rio Tinto on Friday posted a 3% drop in iron ore shipments in 2019 as the Anglo-Australian miner’s operations faced disruptions due to cyclone and a fire at a port facility.
 

Australia’s Galaxy achieves lithium output guidance

9 January 2020 Time: 17:10
Australian lithium producer Galaxy Resources achieved the upper end of its output guidance for October-December and full-year 2019.
 

Port Hedland’s lithium exports fall in December

9 January 2020 Time: 17:04
Lithium concentrate exports from the West Australian (WA) port of Port Hedland decreased to 27,608t in December from 28,494t in November.
 

British Aluminium’s memorable Fife locomotive to get restored

2 January 2020 Time: 19:18
The new fundraising campaign of Fife Heritage Railway to restore a locomotive which spent decades on the Kingdom has reached its target.
 

Roads Minister Vows to Add 1500km to Iran’s Rail Network

31 December 2019 Time: 18:40
Iranian Minister of Roads and Urban Development Mohammad Eslami said his ministry plans to add some 1500 kilometers of railroad to the country’s rail network by the end of the current administration’s term in office.
 

Official: Iran-Afghanistan Rail Link to Open in Less Than 4 Months

29 December 2019 Time: 18:13
The Iranian Transportation Minister announced that an important rail passage between his country and neighboring Afghanistan will be ready in the next 100 days as construction of a key cross-border line is nearing completion.
 

Chalco Ruimin joins ASI as new Production & Transformation Member

23 January 2020 Time: 18:48
Aluminium Stewardship Initiative (ASI) announced Chalco Ruimin Co., Ltd. has become a new Production & Transformation member of the ASI. This brings the total number of members working toward a responsible aluminium value chain to 110.
 

World's 11 Largest Machines with Cast Parts

11 January 2020 Time: 18:13
It is true that they exist and these machines are hard to miss. From monster transporters and super dozers, to gigantic excavators - there are all sorts of machiens to check out in the www.surplex.com picture gallery.
 

Asaluyeh Power Plant Steam Unit Ready by Spring

5 January 2020 Time: 19:00
Construction of the first steam unit of Asaluyeh Combined-Cycle Power Plant has made 90% progress and is planned to come online by March.
Housing & Building
 

Iran’s int’l stone expo to host 6,000 businesspeople

5 August 2019 Time: 22:06
More than 6,000 businesspeople active in the field of decorative stones from around the world will take part at the 12th edition of Iran Stone Expo 2019 in early October, an official said.
 

Over 6,500 stone processing units operating across Iran

22 July 2019 Time: 21:04
Director General of Mineral Industries Office of the Ministry of Industry, Mining and Trade Seifollah Amiri said over 6500 stone processing units are currently active across the country, 500 of which are exporting to global markets.
 

The Essentiality of the Development of the Industry of Paper Production from Stones

10 June 2019 Time: 23:30
Me-Metals: The executor of the sodium carbonate paper production plan of Aligoodarz emphasized the need in the development of paper production industry from stones in the country.
 

Tile Production Exceeds 150m m2 in 5 Months

10 November 2019 Time: 17:16
Atotal of 158.45 million square meters of tiles were produced in Iran during the first five months of the current Iranian year (March 21- Aug. 22) to register an increase of 4.4% compared with last year’s corresponding period.
 

Iran's Trade With Turkmenistan Tops $300m

29 January 2019 Time: 15:55
Iran traded $312 million worth of commodities with Turkmenistan during the 10 months to Jan. 20, according to Iran's commercial attaché to Turkmenistan.
 

Iran, Iraq in Talks to Ink Currency Swap Deal: Official

18 November 2018 Time: 18:51
Chairman of Iran-Iraq Chamber of Commerce Yahya Ale-Ishaq said the two countries are in negotiations to finalize a currency swap agreement in a bid to boost trade ties between the two neighboring countries.
 

Plan for supplying nomadic households with mobile PV systems underway

14 October 2019 Time: 16:15
Iran’s Energy Ministry has started a plan for providing 25,000 nomadic households across the country with portable photovoltaic systems so that they could use electricity during migration.
 

Tehran Hosting 445 Int’l Companies of Printing, Packaging Industries

30 November 2019 Time: 18:49
Some 445 companies from 13 countries are showcasing their products and capabilities in the 26th International Exhibition of Printing, Packaging and Related Machinery in the Iranian capital city of Tehran.
 

Plan for supplying nomadic households with mobile PV systems underway

14 October 2019 Time: 16:15
Iran’s Energy Ministry has started a plan for providing 25,000 nomadic households across the country with portable photovoltaic systems so that they could use electricity during migration.
 

Concrete, Mortar Mixers Imported

10 October 2017 Time: 16:16
Concrete and mortar mixers weighing more than 711 tons and worth 51.55 billion rials ($1.6 million) were imported into Iran during the five months to Aug.
 

Kish Island hosting intl. building industry exhibition

1 November 2019 Time: 22:42
The 15th International Civil and Building Industry Exhibition (Kish Buidex 2019) kicked off on Wednesday in Kish Island in southern Iran, IRNA reported.
 

Intl. building industry expo running in Isfahan

11 October 2019 Time: 15:32
The 22nd International Exhibition of Building Industry kicked off on Thursday at Isfahan International Fairground, in the central province of Isfahan.
 

Iran’s int’l stone expo to host 6,000 businesspeople

5 August 2019 Time: 22:06
More than 6,000 businesspeople active in the field of decorative stones from around the world will take part at the 12th edition of Iran Stone Expo 2019 in early October, an official said.
 

Tehran Hosting 445 Int’l Companies of Printing, Packaging Industries

30 November 2019 Time: 18:49
Some 445 companies from 13 countries are showcasing their products and capabilities in the 26th International Exhibition of Printing, Packaging and Related Machinery in the Iranian capital city of Tehran.
 

Registration for Gov’t-Funded Housing Project Postponed

4 November 2019 Time: 19:07
The registration for government-sponsored housing development project, the so-called "National Housing Initiative", has been postponed to Nov. 9 because of the public holiday on Nov. 6.
 

Kish Island hosting intl. building industry exhibition

1 November 2019 Time: 22:42
The 15th International Civil and Building Industry Exhibition (Kish Buidex 2019) kicked off on Wednesday in Kish Island in southern Iran, IRNA reported.
 

Tehran City’s real estate deals down 73% in a month on year

2 September 2019 Time: 17:12
The number of real estate deals in Tehran City fell 73.7 percent in the fifth Iranian calendar month of Mordad (July 23-August 22), compared to the same month in the past year, Tasnim news agency reported citing the data released by Ministry of Transport and Urban Development.
 

Govt. launches project to build 110,000 affordable housing units

27 August 2019 Time: 22:33
Iranian President Hassan Rouhani officially launched the government’s National Action Plan for Construction and Supply of Housing on Tuesday, inaugurating a project for constructing 110,000 affordable housing units.
 

Tehran City’s real estate deals down 64.6% in a month on year

29 July 2019 Time: 21:44
The number of real estate deals in Tehran City fell 64.6 percent in the fourth Iranian calendar month of Tir (June 22-July 22), compared to the same month in the past year, IRIB reported citing the data released by Central Bank of Iran (CBI).
 

Semnan Gypsum Output at 10m Tons p.a.

30 December 2019 Time: 19:14
Semnan’s mines extract 10 million tons of gypsum every year, says the head of Industries, Mining and Trade Organization of the province.
 

Tehran, Damascus Ink MoU on Syria Reconstruction

27 November 2019 Time: 19:24
Iran and Syria signed a memorandum of understanding (MoU) to establish three joint companies in a bid to accelerate the reconstruction of the Arab country, which has been stricken by more than eight-and-a-half years of foreign-backed civil war.
 

Minister: Iran, Syria to Establish Joint Construction Company

26 November 2019 Time: 21:09
Syrian Minister of Public Works and Housing Suhail Mohammad Abdul Latif announced that Tehran and Damascus will set up a joint construction company, stressing that Iran has been prioritized for reconstruction of Syria.
Sciences
 

MSC wins award for management of innovation and technology

17 April 2019 Time: 11:08
A 6th edition of Iran National Award for Management of Innovation and Technology (IRAMIT) has handed its award for management of innovation and technology to Mobarakeh Steel Company (MSC).
 

Mobarakeh teachers have their own educational center, jointly built by MSC

17 April 2019 Time: 11:00
An education-welfare center for teachers was launched in Mobarakeh on Benevolence Day (March 5), with the education minister in attendance.
 

Google Releases iPhone Hacking Tool

16 December 2017 Time: 12:02
Google released a tool that allows security researchers, and other developers, to hack into iOS 11.1.2, software that could lead to a jailbreak for devices running that OS version.
 

World's 11 Largest Machines with Cast Parts

11 January 2020 Time: 18:13
It is true that they exist and these machines are hard to miss. From monster transporters and super dozers, to gigantic excavators - there are all sorts of machiens to check out in the www.surplex.com picture gallery.
 

Euroguss 2020: Grenzebach shines with broad portfolio

7 January 2020 Time: 18:30
The international trade show in Nuremberg focuses on optimized processing of high-pressure die-cast parts with the Friction Stir Welding technology.
 

China launches NEV battery recycling regulations

6 January 2020 Time: 17:18
China's ministry of industry and information technology has announced new regulations for the recycling of used new energy vehicle (NEV) power batteries.
 

Arvan Cloud Introduces Network Availability Services

5 January 2020 Time: 19:13
Iranian cloud service provider Arvan Cloud has set up a platform that helps monitor the availability of internet services in the country.
 

Altair Launches All-In-One Industrial Design Solution

21 October 2019 Time: 18:32
Altair Inspire Studio enables designers, architects and digital artists to create, evaluate and visualize design ideas faster than ever before
 

Iran, Armenia to Broaden IT Cooperation

9 October 2019 Time: 19:26
Iranian Minister of Communications and Information Technology Mohammad Javad Azari Jahromi in a meeting with his Armenian counterpart Hakob Arshakyan in Yerevan vowed to further develop bilateral relations.
 

MSC Selected Asia’s 11th Most Admired Knowledge Enterprise

11 December 2017 Time: 21:34
Iran’s largest steelmaker, Mobarakeh Steel Company, has been selected as Asia’s 11th Most Admired Knowledge Enterprise in 2017.
 

University study confirms porphyry systems at Jaxon’s BC project

14 July 2019 Time: 17:45
Quartz tourmaline breccia has been identified as indicative of porphyry systems at Jaxon Mining’s (TSXV: JAX) Red Springs project in western Canada.
 

Amirkabir University to Launch Tech Complex

18 May 2019 Time: 14:31
Tehran-based Amirkabir University of Technology plans to launch a technology complex in collaboration with the state-owned Bank of Industry and Mine.
 

Sharif University Wins ICPC Bronze Medal

8 April 2019 Time: 16:31
A computer programming team from Tehran’s Sharif University of Technology won a bronze medal during the 43rd round of the International Collegiate Programming Contest (ICPC 2019). The contest was held in Portugal from March 31-April 5.
 

Rouhani Calls for Muslim States' Joint AI Project

18 December 2019 Time: 21:00
Iranian President Hassan Rouhani underlined the importance of digital economy in future world, and declared his nation's preparedness to kick off cooperation with the Islamic states in developing artificial intelligence technology.
 

Iran, China Firm to Expand Cooperation on Knowledge-Based Economy

12 November 2019 Time: 17:11
Tehran and Beijing are resolute to broaden mutual cooperation in areas of knowledge-based economy as an Iranian delegation of knowledge-based companies is on a tour of China.
 

Iranian Delegation to Visit China’s Hi-Tech Fair

11 October 2019 Time: 18:57
An Iranian delegation is planning to visit China’s Hi-Tech Fair, also known as CHTF 2019, from Nov. 10-14 in Shenzhen to expand bilateral ties and collaborations with innovative and knowledge-based companies and startups in the host country.
Scrap & Recycling
 

Fob China HRC outpacing other LME steel contracts

23 January 2020 Time: 17:30
The London Metal Exchange's (LME) Steel hot-rolled coil (HRC) fob China (Argus) futures has traded more than all of its other ferrous contracts combined this month.
 

Japanese ferrous scrap prices face downward pressure

10 January 2020 Time: 18:39
Japanese ferrous scrap suppliers are under pressure to increase exports to counter rising inventories caused by a slowdown in demand ahead of this year's Tokyo Olympics.
 

China issues second 2020 scrap import quota

8 January 2020 Time: 21:07
China has approved a new quota for more than 35,000t of copper, aluminium and ferrous scrap imports for delivery in 2020.
METALLURGY
 

A €10 Mio. Investment a positive Signal to the Foundry Industry

23 January 2020 Time: 18:39
Official Opening of Mingzhi-Tech GmbH European headquarters in Leipzig
 

ThinTech® Aluminum casting technology succours General Motor to win Award

9 January 2020 Time: 17:56
Shiloh Industries, known for an environmentally focused global supplier of lightweight, noise and vibration solutions and proud supplier for the redesigned Corvette Stingray congratulates General Motors on the car being named the 2020 Free Press Car of the Year.
 

Revolutionary Aluminium Alloy wheel debuts: Rio Tinto

9 January 2020 Time: 17:51
Rio Tinto, the global mining and metals production firm says it has started securing orders for its new aluminium alloy wheel known as Revolution-AI.
 

Primetals Technologies receives FAC for modernized DC twin electric arc furnace at Baosteel in Shanghai, China

6 October 2019 Time: 23:50
Primetals Technologies has received the final acceptance certificate (FAC) from China's Baoshan Iron & Steel Co. Ltd. (Baosteel) for the modernization of a more than 20 year old DC twin electric arc furnace at its Shanghai plant.
 

REFRAJET® Addmix: An innovative injection system

27 November 2017 Time: 14:29
The REFRAJET® Addmix technology is an innovative injection system that was developed specifically for the installation of cement-free sol-gel bonded refractory concretes of the REFRAJET® Nanobond type.
 

Seven Expands Activities for the Aluminium Industry

30 March 2017 Time: 22:13
Less than a year after the publication of Seven’s first brochure for the aluminium industry, satisfied customers in several countries have been won. Deliveries have gone to Germany, Italy, the Slovak Republic, Russia, and Taiwan.
 

Seven Kazakhstan Factory Opened in February 2017

30 March 2017 Time: 21:16
Seven’s growth over the last years has triggered substantial expansions: In 2016, the main plant in Divača/Slovenia was expanded with fully integrated production, shipping, and storage systems. New and improved lines for dry-mixing and taphole clays are complemented by a brand new 300m2 laboratory.
 

ArcelorMittal hikes coil offer to €500/t exw in north

10 January 2020 Time: 18:32
ArcelorMittal has raised its offer across Europe on the back of firm import offers, raw materials and extended lead times.
 

Demanding metal specifications for Foundries

9 January 2020 Time: 17:22
Hitachi High-Tech launches OE750 – a next generation, high-performance OES analyser for complete metals analysis control.
 

Log9 Materials bets on aluminium fuel cells, 1000 km range electric car battery

8 January 2020 Time: 21:37
Log9 Materials, a Bengaluru-based start-up, believes that the fundamental is to focus on the generation of energy, in place of energy storage. It says that a car powered by aluminium fuel cells can have a drive of 1000 km, post which the aluminium plates can be replaced within minutes.
 

Hot-Strip Mill Revamping at Shougang Jingtang

9 December 2019 Time: 23:25
In May 2019, Shougang Jingtang (SGJT) in Tanghshan, China, assigned to Danieli the task of refurbishing hot-rolling line 2250, in operation since 2008, for process and performance improvements. The project included:
 

Sublance systems for Tangshan Reafon and Hegang Laoting

6 December 2019 Time: 23:36
Danieli Corus has signed two contracts for total four sublance systems to be installed in China.
 

Constellium Singen again relies on aluminum extrusion technology from SMS group

5 December 2019 Time: 12:00
Constellium Singen GmbH has contracted SMS group to supply a 45-MN extrusion press for its largest works in Germany. Based on a long-lasting business relationship, Constellium Singen again counts on the technological expertise of SMS group.
 

JML Industrie takes control of SPACE

8 January 2020 Time: 21:26
SPACE, based in Italy, is internationally recognised for their design and construction of sand cooling and preparation equipment for green sand. The Italian equipment manufacturer was established in 1979 and has developed a unique methodology to achieve the highest quality sand with the lowest consumption of raw material, which is mainly Bentonite.
 

Tehran hosting 2 intl. expos

29 November 2019 Time: 10:16
Tehran Permanent International Fairgrounds is hosting the 16th edition of Iran’s international exhibition of metallurgy, dubbed IRAN METAFO 2019, and the 26th international exhibition of printing, packing and related machinery during November 29-December 2, IRNA reported.
 

Indian met coke imports hit multi-year low in September

6 November 2019 Time: 17:57
Indian imports of metallurgical coke fell to the lowest level in more than a year as the country's steel industry struggled, while mills that were still importing moved away from China for their supplies.
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