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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 today discontinued the following five perlite market grades:
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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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The French company sees potential to supply glass wool-based insulation materials to the local construction and industrial sector, by taking control of Kuwaiti producer Kimmco.
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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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Glava supplies glass wool and other insulation products that are produced at its two manufacturing plants in Norway. In a separate development, the group also bought Argentina’-based Megaflex, active in waterproofing applications.
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Upcoming industrial mineral events.
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BASF has completed the transaction to sell its clay and mineral adsorbents business to focus on its process catalyst portfolio.
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The majority of Imerys' divisions reported higher sales in Q1 although ceramics materials posted a decline on the back of a slow housing market in France. The acquisition of French cement maker Kerneos is expected to be completed by mid-2017.
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The buyout of building materials distributor Tumelero further enhances Saint-Gobain’s strategy to expand its presence in the Brazilian market.
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The publication of Industrial Minerals’ price assessments will be affected by the Christmas holidays.
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China, India and Italy posted growth in their steel volumes for the month, while the US, Germany, Spain and Brazil were down against last year.
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The company continues to report a challenging scenario for technical ceramics as end markets remain sluggish, while it seeks to expand its speciality materials offering.
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As the company’s exposure to the steel industry continues to bite, Vesuvius will close two plants in Italy and aims to rake up additional £5m in savings by the end of next year.
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Imerys’ executives believe the most challenging phases in the market have now passed, as the company posts positive results and bets on the recent SPAR acquisition and the positive progress of the Alteo takeover to revamp its refractory and foundry operations.
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The positive injection of revenues from strategic acquisitions carried out in 2015 has been key for Imerys’ finances, as the company recorded improvement in both revenues and margins in the nine months of 2016. The refractory divisions remain weak, as the Alteo merger is hoped to be concluded by year-end.
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Chinese crude steel output recorded a notable increase in September and led Asia figures to grow slightly while all other main regions saw reduced production.
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Steel consumption is expected to remain challenging in the next two years although China is looking better than it used to which, along with growth in emerging economies, is preventing further decreases in demand.
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The new company to be set up, RHI Magnesita, will have a foothold in Europe and Latin America and control the sourcing of key raw materials - such as magnesite-based DMB, CCM and DBD - used in refractory production, ensuring global supply with over 50 facilities.
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Production of refractory products in China suffered a slowdown in the first half of the year, while exports of refractory mineral raw materials also saw double-digit declines. Prices continue to edge downwards.
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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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The Canadian perlite and vermiculite manufacturer saw an increase in revenues in the first trimester of the year although unfavourable currency movements led once again to net losses.
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The government-run NZP&M has released its latest collection of datasets, which include information gathered from recent aeromagnetic surveys, geophysical studies and permitting history for potential investors in the south Pacific nation’s mining industry.
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The Quebec-based processor and distributor of perlite and vermiculite products for horticultural uses blamed currency movements for its decline in earnings and said it would look at adjusting its prices this year in order to recoup profits.
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Roman concrete is one of the most durable materials invented by humans, but for Sunrise resources, the advantage today lies mostly in the low environmental cost of its utilisation, compared to modern Portland cement.
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The free trade agreement currently in discussion could benefit a number of mineral producers in New Zealand including Imerys Ceramics' New Zealand division and Dominion Salt, for which Europe has never been a natural market owing to the high percentage of export costs accounted for by freight.
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The zeolite and perlite producer wishes to expand its production capacity to keep up with strong demand for its products.
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The company has suffered from foreign exchange movements over the summer, as it purchases its raw materials in expensive US dollars.
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Metspar prices set to weaken further in Q4 while graphite remains steady; lithium, diatomite and sodium bicarbonate producers raise list prices.
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Higher costs at the US company's plants, combined with higher regulatory and feedstock expenditures, were the cited as the reasons for EP Minerals' price increases for diatomite and perlite, which are used as filter aids and soil conditioners.
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Research at London’s Brunel University has indicated that using perlite as a “volcanic popcorn” insulation material could reduce building insulation costs by 30%.
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Buying vermiculite and perlite in US dollars has reduced the company’s earnings owing to higher purchasing costs, but has been offset by a claim against the company being converted to Canadian dollars, reducing its effect, and contributing to an overall increase in net earnings for Perlite Canada.
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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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Antimony and zircon flat while graphite prices dip by nearly a third from Q1 levels.
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Company to increase selling prices by 3-10% in North America and maintain energy surcharge.
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Upping perlite product prices last year appears to have been the right move for Perlite Canada, which posted an increase in revenues year-on-year in its first quarter 2015 results. However, mounting costs associated with a weaker Canadian dollar caused a net loss to the producer over the past three months.
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Following the increase of its perlite product prices in Q1 2014, Perlite Canada has ended the year with a small increase in its revenues.
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Imerys' acquisition of Greece's S&B has now drawn a line under its search for a bentonite producer. The group had previously shown an interest in US bentonite producer, AMCOL.
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Bataan port expected to handle silica sand, fertiliser and cement minerals from 2016 to help supply one of Asia's fastest growing economies.
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It is too early to tell what the impact of Greece’s new government will be on the mining sector. But the new leftist government raises interesting questions about the relationship the country will have with the rest of Europe and time will tell if any of the anti-austerity measures will extend to the extractive sector.
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Protracted industrial action by the ILWU is forcing EP Minerals to stockpile its perlite and diatomite output, an ill-timed logistics bottleneck for the company, which has reported that it is receiving record demand for its products.
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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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Holcim has completed a series of consolidative transactions for its European business arms with Cemex. By focusing on their respective key markets, both companies will hope to increase construction demand and the consumption of construction minerals.
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Despite European markets undergoing their strongest bout of uncertainty since the Eurozone crisis, S&B has returned to profit for Q3 in 2014, in a set of results that will be pleasing to Imerys, which recently announced its acquisition of the bentonite-producing industrial minerals supplier.
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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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The perlite and vermiculite supplier has seen its revenues and earnings fall, following a weak set of sales, foreign exchange pressures, and write-downs of company property.
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Antimony prices fall sharply while barite is tipped to increase and TiO2 looks weak
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EP minerals to increase prices of diatomaceous earth and perlite by 4-9% owing to “inflationary pressures”.
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The opening of the new office will place the technology provider in a position to drive sales in a growing market and help to grow sustainable mineral processing in the Philippines, which is the fifth most mineralised country in the world.
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Low prices in fluorochemicals and polyamides business, together with an unfavourable currency exchange rate, wiped nearly 50% of the French chemical producer’s year-on-year earnings for H1 2014. However, a rebound in fluorochemicals and a continuous growth in fluoropolymers give the company hope to record positive figures in the near future.
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