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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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Domestic R&D in Turkey will be a priority in the country’s latest economic plan for the years to 2023, with emphasis on refractories.
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Chemours and Southern Ionics Mining have announced that they will jointly develop the Jesup mineral sands mine in the US state of Georgia. Production is expected to begin in 2020.
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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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Many major minerals could be affected if the US goes ahead with a plan to raise the import tariff on China-origin materials as the trade war between the two countries gathers pace.
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Cheaper material offered by smaller producers weigh on Chinese battery-grade lithium carbonate, hydroxide prices; European antimony trioxide market softens on lack of sales; PRICING NOTICE: Discontinuation of celestite; PRICING NOTICE: Discontinuation of olivine price; Fresh talk about consolidation of Liaoning province's magnesia sector but prices steady for now; PRICING NOTICE: Discontinuation of kyanite pricing; China fluorspar prices push higher while sellers wait for stronger prices; No movement on Chinese soda ash price despite restored supply sources
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Industrial Minerals has today discontinued its kyanite prices.
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Bauxite calcination plants in Shanxi shut on government orders. Market fears rise in prices as Liaoning stops magnesite mining. PRICING NOTICE: Extension of consultation period on proposal to discontinue kyanite prices. European, North American lithium spot markets up; Chinese spot market unchanged. Spherical graphite price grows on tight supply. PRICING NOTICE: Discontinuation of one zircon grade, launching another. Lower Chinese prices push white fused alumina market down. PRICING NOTICE: Extension of consultation period regarding olivine price
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Industrial Minerals has extended the consultation period regarding its proposal to discontinue its weekly kyanite prices.
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Persisting market tightness leads to higher andalusite prices in 2018; Extension of consultation period regarding proposal to discontinue kyanite prices; Extension of consultation period regarding olivine price
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Industrial Minerals has extended the consultation period regarding its proposal to discontinue its weekly kyanite prices.
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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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Authorities estimate the West African country could amass almost $25bn per year if it taps into its extensive mineral resources including magnesite, limestone, diatomite, ilmenite, rutile and many others.
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The Economic Freedom Fighters (EFF) political party is calling on all mining companies based in South Africa to respond to its demands, which include an increase in wages and the nationalisation of some operations. The party’s supporters have threatened to target individual mines and close their operations if they do not comply with their demands.
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Kyanite miner trading quietly since 2012 after bouncing back from liquidation order; business unaffected by family feud.
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The Ugandan government has reversed a ban on mineral exports, with the exception of iron ore and copper, introduced earlier this year. The Uganda Chamber of Mines, which has lobbied the government to lift the ban, has welcomed the decision, saying that the president had removed a clog in the development of the mining industry that had frustrated the sector for some time.
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Though production in the industry has grown, Chinese ceramics producers have been shutting down and consolidating due to environmental pressures, overcapacity and increasing costs. As the industry consumes around 250m tpa raw materials such as grade kaolin, ball clays, fluorspar, feldspar, wollastonite, zircon and gypsum, this will no doubt have a negative impact on raw material suppliers.
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Optimism industry has returned to growth; European market too mature to expand far.
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Industry analysts have forecast healthy demand projections for the refractories sector until the end of the decade, but business leaders have warned that companies will need to adapt to various encroaching pressures to remain profitable.
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Positive growth in crude steel production in the US and the developing economies shows a rebound in the global construction industry, which can offer favourable opportunities for a growth in demand for industrial minerals used in refractories, glass and construction. However, the steel industry remains weak in Europe.
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The acquisition is the first since the demerger and highlights the company’s commitment to building its portfolio across the steel and foundries markets.
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The discovery of huge reserves of the alumino-silicate mineral, kyanite, in the Murmansk region could offer Russian alumina producers new opportunities to reduce their dependence on bauxite, but controversy exists over the profitability of the ore processing.
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A fall in refractories production in China negatively affects the demand for refractory industrial minerals and is a clear indication of the slower growth of the Chinese economy in the past two years. Future demand of refractories will strongly depend on governmental policies for China’s industry, in particular for iron and steel.
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Manufacturers use Q1 statements to posit growth forecasts as slump lifts
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US firm remains “concerned” about Europe and worldwide steel prospects
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Liquidation set to proceed; firm to face conspiracy allegations later this year
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Struggling Europe and Latin America plus high costs eroding profits, says IFGL
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Shinagawa, IFGL and Cookson are unlikely to reach previous profit estimates
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Asia and US show signs of recovery while Europe and Japan remain down
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Resurgent demand from Asia and new end-market applications to drive expansion
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Company receivership goes ahead as court appeal case continues
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New challenges for KMC; minority shareholders file response to company appeal
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Dissolving largest kyanite producer will be "drastic and irreversible" warns KMC
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Daily mining operations unaffected by receivership order, company says
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KMC accused of oppressing minority shareholders and misapplying assets
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Synthetic oxide performs better than precious metal in reducing diesel fumes
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Moscow to give two months notice if export duties increase
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China concern 2013; trade driven by logistics, environment, resource development
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UNITECR: Work on dunite, sillimanite, zircon grades show steel refractory promise
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Specific refractory applications are emerging for aluminosilicate suppliers
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Capacity utilisation drops for third straight month to 75% as output lags 2008 levels
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Brazilian refractories group secures five sales contracts in Europe and China
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Refractory, foundry, fused silica markets bounce back to earn UK group £104m. profit
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World Steel Association expects demand to exceed pre-downturn levels this year
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Austrian producer shows signs of recovery in the final quarter of a difficult year
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Vesuvius and Foseco improve towards end of 2009 on steel recovery and cost cutting
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Global steel shows recovery from downturn but production fell 8% in 2009
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