Magnesia latest news

  • August 2015

    IFGL’s Chinese subsidiaries resume operations in Tianjin one week after blast

    19 August 2015

    Activity at India-based IFGL’s China-based companies has restarted at Tianjin port, exactly one week after explosions ripped through the town, killing more than 100 people and disrupting businesses.

  • MGX closes final tranche of private placement for Driftwood magnesia plant

    17 August 2015

    The company’s Driftwood magnesia facility has been given a shot in the arm from the $111,000 financial boost for its project, which will help it to fund plant equipment.

  • Magnesita’s Q2 sales buoyed by favourable currency effects

    14 August 2015

    The Brazilian refractories producer has managed to boost sales amid lacklustre steel activity. The firm’s refractories and industrial minerals divisions have contributed significantly to its sales increase.

  • Tianjin explosion may affect industrial minerals exports

    14 August 2015

    The blast which has left 50 people dead has disrupted the operations of iron ore exporters and Indian refractories manufacturer, IFGL Refractories, and could also affect trading of rare earths, graphite, metspar, kaolin and bentonite, among other minerals.

  • RHI posts solid H1 2015 results but adjusts down second half guidance

    06 August 2015

    A weak euro, strong US dollar and a robust steel division contributed to the Austrian refractories producer’s positive H1 results. However, RHI is worried about overcapacity in the Chinese steel industry and labelled its export strategy aggressive. This is leading to high pressure on steel prices and has driven the firm to adjust its outlook for the second half of 2015.

  • Shinagawa fiscal year profits rise 39% due to strong steel demand in Japan

    06 August 2015

    The Japanese company has dodged the bullet that has hit other refractories producers who rely on the steel market, posting solid fiscal year results. There is strong domestic demand for its products, as the steel sector picks up in Japan, due to the forthcoming 2020 Tokyo Olympics. The firm has also been helped by reconstruction activity following the country’s earthquake of 2011.

  • Martin Marietta’s magnesia arm posts low Q2 sales due to weak steel sector

    04 August 2015

    The company’s speciality materials arm, which encompasses its magnesia business, is sensitive to changes in domestic steel capacity. As a consequence, low demand from the steel sector has caused the firm to record a dip in sales.