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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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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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The Trump administration has asked its trade authorities to consider a 25% import duty rate on Chinese minerals rather than the 10% rate it officially proposed in July.
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The US/China trade war is heating up, and industrial minerals are in the firing line.
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Industrial Minerals has discontinued its 14 mica prices as of today.
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Industrial Minerals proposes to discontinue its mica prices.
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IM's monthly price movements.
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Vimal Microns is to be part of the Imerys’ Energy Solutions & Specialties business group, which showed notable growth last year following strong performances in the end-markets for mobile energy and conductive polymers.
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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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The company cites rising costs for its price increases at the segment producing talc, mica, and wollastonite.
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The China Nonmetallic Mineral Industry Association has discussed the outlook until 2020 and listed key developments in the sector from 1987 to 2017.
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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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The publication of Industrial Minerals’ price assessments will be affected by the Christmas holidays.
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Indian parliament has passed the Child Labour (Prohibition and Regulation) Amendment Bill, 2016, to restrict children working in hazardous conditions, placing the mining sector under scrutiny. However, certain provisions of the bill have been opposed on the grounds that exemptions will likely keep child labour vulnerable to unsafe conditions.
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The German components manufacturer is seeking to cement its presence in South Korea for automotive, electronic and telecommunication applications, while it sees opportunities to penetrate local e-mobility, energy technology and medical care markets.
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Following heavy media coverage of child labour in recent years, India’s National Commission for Protection of Child Rights has decided to use digital tools to track school attendance in the region, warning mica traders to discontinue trading with minors.
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Nigeria, like a number of countries in the Middle East, is looking at how it can diversify away from oil and unlocking the minerals sector forms part of this plan. The West African country’s mining sector recently teamed up with members of the Nigerian’s government to discuss this issue at the fourth Sustainability in the Extractive Industries (SITEI) conference.
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The African island nation, which has reserves of graphite, gypsum and ilmenite, is expected to pass its revised mining law in the next few months. It is the latest African country to reform its mining legislation in an effort to create an attractive environment for foreign direct investment.
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Nigeria is the latest African country to declare that it is focusing on its mining sector to encourage investment and create jobs. In order to do this, the West African country’s Export-Import Bank has linked up with the World Bank to revamp Nigeria’s mining sector and diversify its economy away from oil.
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Despite heavy press coverage in recent years and increased social awareness by multinationals, the issue of child labour in Indian mica remains a dark side to this long-established industry.
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According to the Minerals Association of Nigeria, a number of countries including Canada and Australia have expressed an interest in the development of Nigeria's mineral resources, which present a huge opportunity as around 80% of the country's mining takes place on a small scale.
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The African island nation is currently making plans to develop a new mining code. However, mining explorers are urging the government to unlock its mining potential by cutting red tape and expediting the permitting process.
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The recently renamed explorer is confident in its novel method of producing lithium carbonate from hard rock, as a continuous run of tests produces high purity lithium from the company’s Coolgardie project in Western Australia.
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The Georgia coastal plain's so-called “kaolin belt” has tremendous reserves of mica rich sediments available, ripe for consolidation.
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The markets have spoken, and the rally of the FTSE and the pound shows confidence in a UK Conservative government. Though many mineral companies operate outside the UK, meaning the impact on their businesses will be minimal, the win is expected to to have a positive effect on the energy and construction sectors and the minerals used to supply them.
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The identification of 158m barrels of oil per square mile in the south of the UK has raised eyebrows with the announcement that despite being a shale oil resrve, the discoverers UKOG believe it can be extracted using conventional drilling muds, rather than by fracking.
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European Parliament committees have come together to discuss duties on US mineral imports in light of the new Transatlantic Trade & Investment Partnership (TTIP) agreement between the EU and US. MEPs are likely to argue against the removal of tariffs for fear that US imports could undercut EU production in energy intensive industries.
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The €7.4m initiative will fund research and development into more flexibile, mobile and green technology for the European mining industry, which UK consultants Wardell Armstrong International say, has lost its competitive edge. With rising costs and declining ore grades, an increasing number of companies are likely to look to innovation as a cost cutting strategy.
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With the recent publication of data for 2012, the British Geological Survey (BGS) has 100 years of continuous mineral production data - but what do they tell us about worldwide industrial mineral production? Teresa Brown analyses some of these trends and what they say about the industry as a whole.
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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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Arab entity’s mica and ceramics exports could expand after government institutional reforms
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As the world’s leading producer in many industrial minerals industries, Imerys results are always a good indication of the state of the market. These are strong results —with the exception of fused minerals, which have yet to pick up — showing that new areas of growth, such as talc in polymers in automobiles and lithium-ion batteries, are starting to affect even traditional producers.
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Stria publicise media separation study, Critical Elements eye mica market
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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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Low prices of fluorochemicals and TiO2 have impacted sales of the US-based speciality chemicals producer, which is currently restructuring its assets and changing its portfolio. However, DuPont expects higher demand for HFOs-refrigerants sales in H2 2014, following a growth in automotive.
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All eyes are on Imerys to see if it is looking to expand elsewhere after failing to win a bidding war for bentonite producer, AMCOL, in March. The company hinted that it is now looking to expand through product innovation although Moncino insisted Imerys is still actively pursuing M&A opportunities.
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Financial results hit hard by downturn in US housing market
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Fiduciary duties require AMCOL directors to engage with Minerals Technologies
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Demand picking up in North America, but refractories still lag
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Police in Rajasthan arrest five people on suspicion of illegal mining activities
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Slowdown starting to ease off as results show flatness across businesses
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Qatari research could benefit environment and reprocessed material applications
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Nations cement trade co-operation as island courts foreign business
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No new mica licences issued until industry is properly regulated, government says
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Subsidiary CADAM also to hike prices due to logistics and energy cost inflation
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