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Fastmarkets rounds up the latest logistical issues affecting supplies of metal, ores and alloys from African countries, in the period ended Friday February 26.
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Manganese ore prices edged higher on Friday February 19 due to soaring freight rates and a stronger rand pushing up production costs.
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Fastmarkets rounds up the latest logistical issues affecting supplies of metal, ores and alloys from African countries, in the period ended Thursday February 11.
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Severe logistical hurdles continue to affect the main seaborne shipping routes out of China, with prohibitively high container freight costs persisting and recent land transport issues adding to the congestion and delays at ports.
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View the Fastmarkets holiday pricing schedule for 2021 and 2022.
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The United Kingdom and European Union have reached an agreement on a trade deal that will ensure tariff-free trading of most goods between the country and the bloc after December 31 when the withdrawal transition period ends, easing metals and minerals market participants’ fears of logistics paralysis and material shortages.
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The recent surge in container freight costs and availability of cargo space continue to disrupt trade flows in minerals and metals, with trading companies finding themselves unable to dodge the soaring shipping rates.
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Soaring shipping costs have continued to push the manganese flake market up, with the European price jumping by more than 9% this past week to a nine-month high.
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Fifteen countries signed up to the Regional Comprehensive Economic Partnership at the annual summit of the Association of Southeast Asian Nations (Asean) on Sunday November 15.
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Fast-rising costs for container freight on a number of major shipping routes are causing disruption in trade flows for minerals and metals alike, sources told Fastmarkets on Thursday November 12.
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A summary of the third-quarter results for 2020 from Eramet published on Wednesday October 28.
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From future raw material investments to China’s resurgence in lithium-iron-phosphate (LFP) battery chemistries, Fastmarkets analysts and reporters consider six key discussion points dominating the battery and electric vehicle markets.
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South Africa is to end its nationwide lockdown and ease restrictions put in place due to the Covid-19 pandemic from May 1, but will keep the country’s borders closed.
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The latest forecasts from Fastmarkets’ team of analysts are ready to view.
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Mining companies in South Africa are in emergency meetings after the country’s president ordered a three-week lockdown amid the spread of novel coronavirus (2019-nCov).
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View the Fastmarkets holiday pricing schedule for 2020 and 2021.
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Trade disputes and geopolitical uncertainties had already made the prospects for global economic growth uncertain. A coronavirus has now added to the challenges facing financial markets.
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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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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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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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The requirement for a higher energy density in new electric vehicle (EV) battery projects has been removed from the official regulations on automobile industry investment published by the country’s National Development and Reform Commission (NDRC) on its website.
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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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Stuart Cutler will step down from his position in the ferro-alloys marketing department at the end of the year.
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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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Demand for battery materials will crash into limited supplies soon, at the same time as global carmakers attempt to switch to making electric vehicles.
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Investors at this year’s PDAC convention voiced concerns that the supply of key minerals and metals used to make batteries such as graphite, manganese and cobalt may not be able to keep pace with demand.
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A hard limit of two years on the environmental permitting process could unlock rapid new mineral production in the United States.
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The South African mining sector must strive to build a competitive, transformed and sustainable industry, the chairperson of the Council for Geoscience said at Mining Indaba in Cape Town this week.
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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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Industrial Minerals will be closed from December 25 until January 1 in observance of the Christmas and New Year holidays.
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Investment group to take over the French miner’s downstream manganese products business, Erachem, while Eramet will retain its manganese ore mining subsidiary.
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Perth-based metals and mining company South32 has secured an agreement with the Groote Eylandt Traditional Owners and the local authorities to expand its manganese operations in the Gulf of Carpentaria, Australia.
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The overhaul of the country’s metals, mineral and mining sector continues as India’s new mineral exploration policy received approval from the cabinet. The regulation is likely to help reduce delays in securing exploration licences in the hope of encouraging the auctioning of 100 mineral blocks in this financial year.
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Mineral production figures for March 2016 were marginally down by 0.1% from last year as India missed its mineral exploration target for the fiscal year 2015-2016, with weakness in the global metals and mining markets limiting domestic recovery.
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The Belgian-based technology group is to boost its capacity for rechargeable battery cathode materials by three-fold in the next three years, the company announced today.
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India has decided to safeguard its mineral wealth using indigenous space technology, following its amendments to the Mines and Minerals (Development and Regulation) Act 1957 and the move to suspend illegal mining operations.
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The Canadian explorer and its JV partner, Ferrometals, have said that their recent manganese output results surpassed their expectations. The news sets the companies, collectively known as the Brazil Manganese Corp., on track to meet their aim of becoming a primary domestic provider of agricultural-grade manganese in Brazil.
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At a time when explorers are finding it difficult to raise financing, Cancana has managed to secure funds from its JV partner. It is hoping the money will help advance its manganese exploration programme in Rondonia, northwest Brazil.
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The Indian government is preparing to put up 71 mines for sale in November 2015. This will include the auction of minerals such as bauxite, manganese, iron ore, limestone and other major commodities, and both domestic and international investors will be invited to explore projects.
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The company and its JV partner are currently carrying out test work at its Brazil Manganese Corp. project in Rondonia. To add more strings to its bow, it has bought a new drill rig and purchased a new exploration licence.
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The mineral-rich state, located in the east of India, is preparing to implement the first phase of a mine auction in order to meet plans unveiled by the Modi government earlier this year to revamp the country’s mining legislation.
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Test work at the Brazil Manganese Corp. project in Brazil has established that manganese oxide mineralisation observed at the development’s surface can be traced at depth. The JV partners hope the results from phase one of their drilling programme will help towards their aim of becoming a primary domestic provider of agricultural-grade manganese in Brazil.
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A shortage of minerals essential in infrastructure development has led India’s government to investigate offshore mineral deposits. 80 blocks have already been targeted in the Arabian Sea and the Bay of Bengal.
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Cancana, a Canadian explorer, and Ferrometals are to beef up their JV BMC manganese project next year, as they push towards their aim of becoming a primary domestic provider of agricultural-grade manganese in Brazil.
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The Australian explorer aims to tap into increasing demand for cement in Africa, fuelled by infrastructure development and strong GDP growth on the continent.
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Soil conditioners have a small market demand to the big potash, phosphate and nitrogen-based macronutrients, but MTI is looking to bring a leonardite-based supply of organic material to Chinese soils. The humic material within leonardite can increase the availability of soil nutrients.
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Nearly 105 mines in mineral-rich states of Chattisgarh, Rajasthan, Madhya Pradesh and Odisha are set to be auctioned by the end of the year, while the Ministry of Mines makes provision for a ‘composite mining licence’. Further advancement is also likely in the sector as Indian mining department goes digital.
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Cancana, a Canadian explorer, and Ferrometals have commenced a four-week drilling programme at their JV BMC manganese project, as they push towards their goal to become the primary domestic provider of agricultural-grade manganese in the Latin American country.
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