Manufacturers Struggle for Raw Metals
Beijing: The year opens with a battling ground for manufacturers who are struggling to procure raw metals
. The condition worsens as manufacturers join the race to invest in securing the supplies of raw materials, which are used in production of metal products.
In order to tackle the supply chain shortages, many manufacturers are considering revising their business models and also tying up as well as forming alliances. Large manufacturers and robust mining industries are witnessing a huge supply shortage. They will be highly motivated to secure the supply chain as well as reduce dependency on pricing techniques due to the prevailing condition.
With regard to China’s production, PricewaterhouseCoopers (PwC) said, “Concerns have been raised over how these and other raw materials
, are sourced, exported and controlled”. A report issued also stated, “Vertical integration through minority stakes in miners continues to be a major theme.”
There are also reports that the consolidation trend, which is highly fragmented amongst Chinese and European manufacturers, has been strong and will be continuing this year too. January saw the consolidation of Georgsmarienhütte Holding, ThyssenKrupp and copper producer Aurubis. These companies had joined a commodities alliance of German manufacturers, coordinated by the Bundesverband der Deutschen Industrie (BDI). More of such trends will grow further and stronger this year.
Canada: The metal products mining company, North Bay Resources Inc., with more than 150 mines totaling 60,000 acres in Canada and British Columbia, have acquired another property next to their Zippa Mountain Wollastonite property, called the Raven Gold property, located in the northwestern British Columbia, in the Golden Triangle
Oxford: The ball bearings manufacturer, RBC Bearings, was given a 5-star rating based on the 180,000 investors participating in the Motley Fool CAPS, a free investing community. All the 125 members who rate the ball bearings company believed that the RBC stocks will outperform in the S&P 500
USA: According to the Standard and Poor’s GSCI Spot Index, the price of 24 raw metals fell drastically this year, a sign that the global economic slowdown is lessening the demand for raw metals and metal products. The index shows that the price fell by almost 1.5 percent
Chile: In a bid to produce and promote the use of clean copper energy in Chile, Xstrata Copper has partnered with Origin Energy Limited whereby by Origin Energy will have 51% stake in Xstrata Copper’s Energia Austral hydroelectric development company, located in Chile. Origin Energy has the experience and expertise track record
United States: FashionSeating.com has recently introduced metal products in form of metal seating options for various markets. These seatings are made of solid metal bars to give them both durability and modish look. The collection is available online at the company’s retail website
United States: Even though the metal product manufacturing industry has shown some signs of improvement, it has not yet become stable. The demand for galvanized steel and steel metal sheets is still extremely poor. The setback that the residential and commercial construction sectors have been facing is largely due to the lull
Europe: There are times when history jumps out from the past and lands up in the present only to strengthen certain thoughts and concepts. People who think that the use of metals and metal products are a new find think again. Archaeologists have found a trading vessel which dates back 5000 years and it contains a large valuable
Florida: The independent Feasibility study has revealed the mineral reserve estimate of gold tubes at the North-Eastern Kazakhstan Kyzyl Gold Project at 5.76 million ounces. The result was announced by the Ivanhoe Mines Founder and Chief Executive Officer, Robert Friedland and the Altynalmas Gold Chairman
Washington: With many innovations and a lot of research going on in the metal products’ industry, chain link manufacturers and sellers have also come up with a variety of ways for keeping their products in demand. Hercules, a master manufacturer of chain links and chain link fencing, has done an outstanding job
Nigeria: The economy of any country flourishes with its development in the metals and minerals industry. Previously, this experience was lacking in Nigeria, which is why the country had to suffer tremendous economic setback. In the recent times, Nigeria could not live up to its full potential of processing and creating metal products