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SQM lithium revenues dropped by nearly 25% in the second quarter on lower prices achieved in China, while the company anticipates lower prices in the third quarter.
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After reports of depleted inventories at Chile’s SQM, the industry’s largest producer, iodine sales showed a significant year-on-year decrease in the April-June quarter of 2019.
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Indian fluorochemical producer GFL is adding capacity for a further 20,000 tonnes per year to its acidspar production assets in northeast Morocco.
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Key data from the graphite pricing sessions in Asia and Europe for the week ending Thursday August 22.
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Junior miner Sepfluor has yet to produce commercially viable acidspar material despite the official opening of its Nokeng mine in South Africa at the start of this month.
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European chemicals producer Ciech has announced a suspension of production at its soda ash plant in Romania, and is looking into new options for steam supply, with an announcement expected at the beginning of next year.
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Brazilian apparent steel consumption fell in July on an annual basis, while weak economic performance pushed down domestic sales and imports alike, national steel association Aço Brasil said on Monday August 19.
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Tirupati Graphite is looking to expand its production in Madagascar, especially of expandable graphite, to satisfy the growing demand in India.
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Key data from the graphite pricing sessions in Asia and Europe for the week ending Thursday August 15.
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Alita has put a voluntary halt on securities trading due to falling lithium prices and is negotiating lithium spodumene offtake agreements and financing with its lenders.
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Revenue at lithium producer Livent increased in the second quarter of 2019 on higher volumes of lithium compounds sold, which offset the lower prices achieved.
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Albemarle has put its lithium production expansion plans on hold due to current market oversupply and lower prices, Luke Kissam, the company chief executive officer said.
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The producer expects market uncertainty to continue in the second half of the year, potentially leading to more destocking from customers in the steel division, while the industrial and non-ferrous sectors performed better.
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Chinese shipments of alumina products to international markets dropped by 34% year on year in the first half of 2019, Fastmarkets learned.
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Export volumes of fluorspar out of China edged downward in the first half of 2019, but the average price went up on the impetus of rises in the domestic price, driven by tight supply.
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Orocobre and Toyota announced the start of construction at its Naraha lithium hydroxide plant in Japan.
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Lower lithium prices have prompted Albemarle and Mineral Resources to revise the terms of their proposed joint-venture project to develop the Wodgina lithium mine.
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Sellers of iodine have reported achieving prices higher than the assessed range, but the price has remained steady for a sixth week - the longest such streak in a year.
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Driven by demand from multiple sectors - from construction and horticulture to fire protection and steelmaking - the global vermiculite and perlite market remains in growth mode, underscored by a healthy supply-demand balance, reports Ross Davies.
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