Magnesia latest news

  • October 2016

    Vesuvius ups 2017 savings target

    28 October 2016

    As the company’s exposure to the steel industry continues to bite, Vesuvius will close two plants in Italy and aims to rake up additional £5m in savings by the end of next year.

  • Imerys: ‘Low point of profits behind us’

    28 October 2016

    Imerys’ executives believe the most challenging phases in the market have now passed, as the company posts positive results and bets on the recent SPAR acquisition and the positive progress of the Alteo takeover to revamp its refractory and foundry operations.

  • Imerys post growth as refractories still challenging

    27 October 2016

    The positive injection of revenues from strategic acquisitions carried out in 2015 has been key for Imerys’ finances, as the company recorded improvement in both revenues and margins in the nine months of 2016. The refractory divisions remain weak, as the Alteo merger is hoped to be concluded by year-end.

  • Global Mining Finance: Investing in Iran getting ‘easier’

    27 October 2016

    With a treasure trove of 68 minerals and the government's will to bring in international capital, investors were told that they should be looking at Iran as a business prospect for mining commodities including dolomite, bauxite and rare earths.

  • RHI and Magnesita form global refractories giant

    27 October 2016

    The merged entity will have over 50 facilities globally, with a foothold in Europe, the Americas and Asia and direct control over raw materials.

  • China ramps up steel output in September

    21 October 2016

    Chinese crude steel output recorded a notable increase in September and led Asia figures to grow slightly while all other main regions saw reduced production.

  • Refractory industry sees more mergers after RHI-Magnesita

    19 October 2016

    RHI and Magnesita’s proposed merger into a global company with presence over three continents has been a hot topic in the sector, as industry participants predict consolidation is inevitable in the shrinking market.

  • Higher costs to lift magnesia prices, producer says

    18 October 2016

    Chinese-origin magnesia prices could rise as a result of higher costs due to new regulations on maximum truckload volumes, but some doubt buyers would accept the increases.

  • RHI Magnesita: 'Consolidation makes sense'

    17 October 2016

    IM spoke to RHI’s Wolfgang Ruttenstorfer and Magnesita’s Octavio Lopes, who said that optimising costs to up margins, improving logistics and battling rising competition from China are some of the main factors that brought the two companies together on the refractory global stage as pressure builds up for the industry to consolidate.

  • US calls on WTO to review China’s export caps

    14 October 2016

    Trade authorities in the US have requested the World Trade Organization to advance the settlement of disputes over China’s export restraints on key industrial raw materials that are claimed to be putting American businesses at a disadvantage.

  • Spanish port sees higher bauxite, magnesite cargo

    12 October 2016

    Higher volumes of industrial minerals bauxite and magnesite were recorded going through the ports of Ferrol and San Cibrao in northern Spain in September.

  • Steel demand set to grow in '17, says worldsteel

    11 October 2016

    Steel consumption is expected to remain challenging in the next two years although China is looking better than it used to which, along with growth in emerging economies, is preventing further decreases in demand.

  • Pricing Notice: Correction to calcined magnesia prices

    10 October 2016

    Correction for IM's listed magnesia calcined prices.

  • Nedmag appoints Bruning as MD

    10 October 2016

    Dutch magnesium-based products supplier Nedmag has appointed Bert Jan Bruning as its new managing director effective 1 October, succeeding outgoing director Paul Schipper.

  • RHI and Magnesita agree to merge

    06 October 2016

    The new company to be set up, RHI Magnesita, will have a foothold in Europe and Latin America and control the sourcing of key raw materials - such as magnesite-based DMB, CCM and DBD - used in refractory production, ensuring global supply with over 50 facilities.

  • Calderys buys Swedish refractory service supplier

    03 October 2016

    The latest acquisition comes only a month after Caldery’s buyout of US monolithic refractory producer SPAR, and is seen as a way to integrate the refractory supply chain in the Nordics.