Ferroglobe Hit by Lower Silicon Demand, Prices

Ferroglobe plc of London, England has announced a second quarter net loss of US$43.7 million on sales of US$409.5 million in the second quarter of 2019 compared with a net profit of US$66.0 million on revenue of US$577.9 million in the second quarter of 2018. The loss reflects lower sales volumes and lower realized prices...

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SQM Reports Higher Lithium Sales Volume, Offset by Lower Prices

Sociedad Quimica y Minera de Chile SA (SQM) of Santiago, Chile has reported a first half net income of US$150.7 million on revenues of US$998.4 million compared with US$247.7 million on revenues of US$1.16 billion in the first half of 2018. The revenue decrease reflects lower sales in the company’s Lithium, Specialty Plant Nutrition, Potassium...

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Nouveau Monde Awarded Grant for Graphite Project

Nouveau Monde Graphite Inc of St-Michel-des-Saints, QC has secured a CDN$4.25 million technology commercialization grant from the Sustainable Development Technology Canada (SDTC) program. Nouveau Monde plans to use the funds to build a value-added graphite purification processing facility in Quebec. The company says that the plant will be the first phase of a commercial facility...

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RHI Magnesita Earnings Benefit from Strong Industrial Performance

RHI Magnesita NV of Austria has reported a 2.2% increase in first half revenue, to €1.54 billion (US$1.70 billion). The increase reflects the strength of the US dollar and a strong performance from its Industrial division, offset by a weaker performance in the Steel division. Adjusted EBITDA increased by 12.3% to €234 million (US$258 million)....

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DIC Agrees to Buy BASF Pigments Business

BASF of Germany has reached an agreement to sell its global pigments business to DIC of Japan for €1.15 billion (US$1.27 billion). The transaction, expected to close in the fourth quarter of 2019, is subject to the approval of competition authorities. Dr Markus Kamieth, a member of the board of executive directors of BASF SE,...

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