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Magnesia latest news

  • October 2017

    RHI Magnesita eyes 27 Oct LSE listing

    17 October 2017

    The Dutch financial authority gave its go-ahead to the LSE listing of the group’s shares, as the year-long merger process is expected to be completed in the next 10 days.

  • RHI seeks December restart for Norway magnesia plant

    16 October 2017

    The company aims to have its fused magnesia line ‘up and running’ in Norway before year-end.

  • UniteCR ’17: Andalusite supply contracts expected to be shorter, costlier

    12 October 2017

    Market patterns governing andalusite trade are expected to change next year, as suppliers say they will seek shorter contracts amid a situation of high demand and limited output.

  • European fused magnesia prices rise further

    11 October 2017

    Spot prices of fused magnesia material in Europe have risen by up to $400/tonne on average as Chinese FM grades also appreciated after the Golden Week holiday.

  • Chinese fused magnesia prices extend rally after holidays

    10 October 2017

    Prices are rising, but a shortage of feedstocks is limiting gains for producers.

  • Price briefing 29 September – 5 October

    06 October 2017

    With China shut for the golden week holiday between 1-8 October, business across many industrial minerals remained very quiet. But environmental restrictions in the country continue to disrupt production in many minerals. Graphite prices in Europe spike amid output crimp and rising demand; Fused alumina producing region in Henan province have enforced mass shutdowns from November onwards; and with the draconian anti-pollution measures and related shutdowns showing no sign of abating, a number of buyers are also anticipating higher raw material costs in 2018.

  • Metal Bulletin Group completes its first independent benchmark assurance review

    05 October 2017

    Metal Bulletin Group, a leading provider of information to the steel and metals industry, has completed its first external assurance review of selected benchmark prices.

  • UniteCR ’17: Buyers brace for higher raw material prices in '18

    05 October 2017

    Several consumers of refractory minerals gathered in Santiago told IM they are certain that “everything will appreciate” next year as shortage of materials will trigger higher contract prices.

  • UniteCR ’17: Refractories recycling takes centre stage as shortage bites

    04 October 2017

    With the markets of several raw materials currently experiencing short supply and surging prices, refractory makers should invest into recycling options, delegates were told in Santiago.

  • China's magnesia exports surge in August

    03 October 2017

    While exports of caustic calcined magnesia, dead burned magnesia and fused magnesia surged in August, after a decrease over the summer, the average value per tonne of material exported continued to appreciate as domestic supply constraints feed through to international markets.

  • RHI to restart fused magnesia plant in Norway

    02 October 2017

    The major refractory producer plans to increase fused magnesia production at its Norwegian site as Chinese supply continues to be curtailed by environmental control, pushing prices to record highs.

  • RHI divests dolomite business to Intocast

    02 October 2017

    RHI is divesting its dolomite operations in Spain and Italy, which will be taken over by Germany’s Intocast, following European directives prior to the merger with Magnesita. Separately, the company is also selling off the fused cast refractories for glassmaking business in Italy and Russia.

  • September 2017

    UniteCR ’17: Industry sees gloomy prospects for magnesia

    29 September 2017

    Market participants gathered in Santiago had few positive words to describe the current state of the magnesia market, as most reckon the commodity will remain tight and expensive.

  • Chinese magnesia exports dwindling after early surge

    29 September 2017

    China’s shipments of CCM, DBM and FM exceeded 1m tonnes in just over half a year but slumped over the past three months as production issues slashed availability.

  • China releases reserves data for nonmetallic minerals

    25 September 2017

    China's Ministry of Land and Resources released new data last month about the country's reserves of strategic important minerals, including several non-metallic minerals such as graphite, lithium and zircon.

  • Price briefing 15–21 September

    22 September 2017

    Chinese fused magnesia prices hit all-time high; a ban on sales of explosives propel bauxite prices; brown fused alumina hit two-year high; iodine rises as consumers stock up; lithium prices held firm

  • Morgan develops extra-large crucibles

    21 September 2017

    The crucibles will have a capacity of 3 tonnes of molten metal, which can be increased up to 10 tonnes for specific melting requirements.

  • Tata Steel, ThyssenKrupp sign MoU for EU joint venture

    21 September 2017

    The proposed merger would lead to the creation of Europe's second-largest steelmaker.

  • Chinese fused magnesia prices reach new high

    20 September 2017

    Supply constrains in the Chinese magnesia market on the back of the draconian environmental laws and the uncertainty associated with perceived consolidation has pushed fused magnesia prices to new high.

  • Fengchi Refractories Co to boost magnesia output in strong market

    19 September 2017

    China's Fengchi Refractories Co plans to treble its capacity of dead burned magnesia by the end of the year as prices and sales soar.

  • European fused magnesia prices at decade-high

    18 September 2017

    The commodity has reached its highest price levels since 2008.

  • Chinese magnesia exports dwindling after early surge

    15 September 2017

    China’s shipments of CCM, DBM and FM exceeded 1m tonnes in just over half a year but slumped over the past three months as production issues slashed availability.

  • Higher revenues, lower margin for RHI in H1

    14 September 2017

    Improved activity in refractory sales to both steelmakers and industrial customers led to higher turnover but negative currency effects, impairment charges related to the divestments and merger-related costs dented profitability.

  • Chinese magnesia market continues to surge

    13 September 2017

    The magnesia market in China continues to appreciate on the back of tightness in supply and production stoppages. Meanwhile, Anshan is planning to consolidate all local magnesia companies into one, state-owned, conglomerate.

  • Magnesita sells Oberhausen carbon bricks operation

    12 September 2017

    The company’s magnesia carbon bricks facility in Germany is being acquired by Intocast, the group that is also taking over RHI’s dolomite operation in Italy and refractory plant in Spain.

  • RHI divests dolomite business to Intocast

    11 September 2017

    RHI is divesting its dolomite operations in Spain and Italy, which will be taken over by Germany’s Intocast, following European directives prior to the merger with Magnesita. Separately, the company is also selling off the fused cast refractories for glassmaking business in Italy and Russia.

  • Global Refractories: Facing the next production revolution

    08 September 2017

    One of the largest markets for industrial minerals, refractories are essential for producing steel, glass, ceramics, cement and lime and for many other processes requiring high temperatures. But as Richard Flook* explains, despite their crucial role, manufacturers of these products are facing significant challenges from changing global trends.

  • Indian refractories sector hopes rising steel tide will lift all boats

    08 September 2017

    Booming steel production has helped prop up demand for Indian refractories amid lacklustre demand from cement and foundries, but as Sunder Singh, IM Correspondent explains, the country’s relatively healthy market is attracting increased foreign competition.

  • Chinese fused magnesia exports decline in June

    08 September 2017

    FM shipments marked a first turning point after months of record-high increases, while DBM exports are starting also to edge downward and CCM continues to grow.

  • China magnesia exports continue to grow in July

    07 September 2017

    Exports of magnesia products out of China posted a surge in the seven months to July.

  • Price briefing 25 August – 31 August

    01 September 2017

    European fused magnesia prices surged; antimony trioxide market hit new highs; rising lithium carbonate prices to catch up with hydroxide; lower inventories lift iodine prices

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