Column: Electric dreams turn into a nightmare for battery metals
A sector that was once racing to build new supply has been closing mines and deferring projects as low prices bite into the cost curve.
Linz, Austria, Aug 13, 2009
For the trade press
Siemens VAI (Taicang) Manufacturing Co. (SVMC) and the Chinese steel manufacturer Nanjing Iron and Steel Co., Ltd. (NISCO) have signed a roller refurbishment contract for two continuous slab casters. According to this contract, initially for a period of three years, SVMC will be taking care of refurbishing rolls of the casters CCM1 and CCM2. This is the first order that has been received for the roll refurbishing workshop in Taicang, which was inaugurated in May 2009. Payment is based on the Siemens VAI “cost per ton” model and is orientated to the tonnage produced on the casters. Thus, NISCO can transform fixed maintenance costs into variable costs dependent on production…read the rest of the article here.
