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View the Fastmarkets holiday pricing schedule for 2021 and 2022.
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View the Fastmarkets holiday pricing schedule for 2020 and 2021.
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The digitalization of global trade received another push this week, with the International Chamber of Commerce (ICC), the government of Singapore and industry participants signing an agreement to facilitate and accelerate the adoption of technologies in commerce at the World Economic Forum in Davos, Switzerland.
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Beginning in 2020, Fastmarkets will review its pricing methodologies and price specifications across all its Price Reporting Agency (PRA) divisions - Metals & Mining and Forest Products - on an annual basis rather than twice per year.
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The approach of the International Maritime Organization’s (IMO) 2020 sulfur cap has sparked concern among international shipping companies, with many questioning how they will comply with the new regulation.
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The failure of the latest round of US China trade talks has left importers of many pigments, clays and finished refractory materials facing a 25% tariff.
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Fastmarkets is discontinuing price assessments in four markets, extending the consultation period on two more and suspending one assessment, following a consultation process with the market.
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Fastmarkets IM is opening a market consultation to seek feedback on its proposal to discontinue a range of prices across seven different markets.
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Major Chinese steel mills cut their crude steel output mildly in the middle of October, while their finished steel inventories continued to rise.
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China’s crude stainless steel output increased in the first nine months of 2018 amid higher prices and healthy profit.
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Graphite, magnesia, alumina and silicon carbide are excluded from the list of China-origin materials subject to a new US tariff, as are antimony, rare earths and barite. Pigments such as titanium dioxide will also be subject to the duty, as will refractory finished products, some ceramic minerals such as kaolin, and lithium.
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The US/China trade war is heating up, and industrial minerals are in the firing line.
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The increased pressure from environmental oversight is spurring producers in China to develop new processing methods to lighten the burden of government regulation.
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As we enter into a new year, I wanted to update you on some of the changes and significant developments the global Industrial Minerals team is working on to ensure that the market information and prices that we provide you with are of the utmost relevance to your business.
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Titanium dioxide prices raise revenues and profits, with zircon and pig iron prices also contributing to improved returns.
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One of the largest container terminals in North America has re-opened following a four-day shutdown in response to Hurricane Irma. Many producers are expecting shipping operations to normalise quickly pending any damages to port facilities.
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Both divisions active in refractories, High Resistance Minerals and Energy Solutions & Specialties, returned to growth following a sluggish performance in 2016, while Ceramic Materials was weighed down by weak kaolin sales.
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Environmental controls in China continued to disrupt production for a number of industrial minerals; magnesia prices could rise; antimony trioxide climbed week-on-week; pigments producers announced price hikes for iron oxide.
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Cathay Industries is the latest iron oxide producer to raise prices for the pigment mineral.
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The German speciality chemicals producer said it will raise its iron oxide and chrome oxide prices with immediate effect.
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While the company was hit by a number of restructuring charges as it sought to make its business more profitable during 2016, sales were driven by emerging regions, where PPG saw highest volume growth rates for coatings.
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The world’s largest producer of synthetic iron oxide raised its earnings guidance, with the company reporting a 51% increase in Q3 income as performance chemicals saw an increase in sales and all segments posted higher margins.
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Cathay Industries, one of the world's largest synthetic iron oxide producers, is continuing with its move into eco-friendly and sustainable pigments with the acquisition of US-based Hoover Color, a market leader in naturally-occurring umbers and transparent iron oxides.
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In order to meet growing demand for high-quality pigments in applications like personal care, pharmaceuticals and food, Cathay Industries is expanding supply of its iron oxide pigments in China and reducing waste from its production process at the same time.
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German speciality producer Lanxess today pointed to lower selling prices for the raw materials it consumes for the production of its chemical products. These include, chromite, iron oxide, TiO2, rare earths and fluorspar.
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The company is working with partners to carry out R&D into the use of magnetite in plastic equipment used in the food processing industry. When used as a filler in plastics, the mineral’s properties enable the detection of plastic parts contaminating food.
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The company now has distribution agreements that cover the entire US, following a spate of recent announcements. Applied Minerals hopes to target new markets such as coatings, polymer composites and molecular sieves with its range of halloysite grades.
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The US-based company has entered into another distribution agreement for its halloysite and iron oxide produced in Utah, this time strengthening its presence in the US Midwest region through a partnership with Brandt Technologies.
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Following orders this month for both its Dragnoite halloysite and its Amiron iron oxides, Applied Minerals will now partner with HORN for further distribution of its products in North America.
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Applied Minerals is to supply the chemicals company with halloysite for zeolite molecular sieves, and plans to target high value industries such as the catalyst and adsorbent markets with its Dragonite product.
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While the take-or-pay contract with an unnamed customer is on an exclusive basis, it refers only to the use of Applied Minerals' iron oxide in specialised catalyst applications, leaving the company free to sell additional iron oxide to other industries.
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The opening of the new coil coating line will supply existing steel producers in Central and South America, as well as enabling AkzoNobel to serve new markets and cut its costs and carbon footprint by discontinuing exports from the US to Mexico. The line represents a doubling of coil coating capacity, meaning an increase in consumption of raw materials such as clays, titanium dioxide and iron oxide.
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Production of the new range of spray-dried microgranules to supply the pigments market has commenced at the company’s manufacturing site in Tongling, China.
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The explorer, better known for its focus on lithium, is pushing forward to develop its Barrambie titanium project, which is located 80km north of Sandstone in Western Australia, and is prospective for TiO2 minerals, vanadium and iron oxide.
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German authorities have finished testing at the Uerdingen facility, declaring it asbestos-free and allowing clean-up to begin. While much of the site is expected to be repaired by mid-August, the full schedule is yet to be determined and it is unclear when the site will be able to begin production again.
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The German speciality chemicals company has raised its full-year earnings’ guidance for the second time, following a solid second quarter. It has reaped the rewards from its 2014 realignment programme and is planning to sell off its rubber arm.
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Access to Huntsman's Uerdingen white pigment factory is being restricted after a nitrogen tank exploded, injuring 15 people. Operations will be shut down while the company investigates the cause of the blast and German authorities determine whether dust in the affected area contains asbestos.
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Against the backdrop of a challenging commodity market, the company has completed its DFS for the Mount Peake vanadium-titanium-iron development near Alice Springs in Australia. Managing director Paul Burton said its DFS results exceeded expectations and will enable TNG to move ahead to complete funding and off-take agreements.
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The German speciality chemicals company, which produces synthetic iron oxide, is on course to return to sustainable growth and improve its competitiveness by the end of this year, as it reaps the benefits from a realignment plan the group implemented in 2014.
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Lanxess is planning to strengthen its global production network by expanding in China, as a response to the growing demand for sustainably-produced iron oxide pigments.
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Having announced that it would continue to look for lucrative M&A opportunities in the mining downturn, Iluka has signed a JV and farm-in agreement with Monax, which is developing a number of Australian exploration projects, including two in iron oxide.
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For the first time in a few years, Lanxess has avoided a year-on-year drop in its net sales, thanks to its realignment programme. The Germany-based chemical company, which produces synthetic iron oxide, is in the second phase of its three step cost reduction programme.
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Tough economic conditions have plagued the glass industry over the past few years, leading to a significant decrease in production. It is hoped that new EU-wide policies will drive the market forward, saving jobs and providing demand for glass minerals such as soda ash, silica sand and feldspar.
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The company is in the process of developing three projects in South Australia, one of which is the Punt Hill iron oxide copper-gold project. Government funding of A$75,000 for the project highlights its potential in becoming a new source of iron oxide in Australia, which last year increased its imports of the mineral. In other iron oxide news, major natural iron oxide producer LKAB is looking to expand its supply to meet growing demand.
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Lanxess's sales performance has suffered from market conditions in the rubber industry, but its realignment programme is enabling it to grow its EBITDA nonetheless. The first phase of its cost cutting was only the beginning, and the group has two more phases to implement before it believes it can start seeing the results in the rest of its business.
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The acquisition of the Rudniy Log iron oxide deposit in Russia is a step away from rare earths by Stans, as the company has been involved in a long-running dispute regarding the ownership of mining rights at its Kutessay II rare earths project in Kyrgyzstan. The company plans to produce higher value refined products through the purchase of existing patents and the Skolkovo initiative to satisfy global demand.
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The agreement with Daimler will expand the global presence for AkzoNobel's Sikkens brand as the company is responsible for distribution of Mercedes-Benz, Smart and Freightliner among others. The paints and coatings industry is big end market for industrial minerals such as TiO2, calcium carbonate, mica, kaolin and iron oxide.
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The discovery made by the Australian junior could significantly increase the potential value of the resource, and has led the company to sell off its non-core assets in order to focus on the development of Titan.
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A series of growing yearly losses have resulted in a continuous financing requirement from investors. Applied Minerals will wish to convert to profitability in production of the ceramic industry mineral soon, before investors tire.
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China is the world’s largest producer of iron oxide and demand is expected to increase in the country, on the back of increased urbanisation.
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