Currency fluctuations crunch export earnings
Published: Friday, 20 March 2015
Global soda ash market in for a positive 2015; zircon prices expected to remain flat in near term; currency depreciation hits phosphate and TiO2.
Currency fluctuations played havoc with mineral prices in
March. City of London analysts have predicted that the euro
could slip to a one-to-one exchange rate with the US dollar,
following the commencement of the European Central
Bank’s (ECB) quantitative easing programme. The
euro was valued at €1.05 against the dollar...