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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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Russia's Uralchem shifts focus from DAP and MOP onto mixed fertilizer products.
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Chromite prices firm on low supply; PRICING NOTICE: Discontinuation of potash and phosphate prices; The non-metallurgical chromite market has maintained the high prices reached in previous weeks; Fluorspar prices rise amid tight supply
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Industrial Minerals has today discontinued its potash and phosphate prices.
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The Italian chemicals group is in line for its third acquisition this year, by taking over fellow speciality chemicals company Detrex, which has a strong presence in US end markets.
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The unit in Charleston supplies phosphates for plastics, flame retardants and agriculture applications.
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The latest takeover aims at strengthening the company’s presence in the Americas, following the recent buyout of US-based Compass Chemical International.
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Russian producer Uralchem sees production ease again after last year's record output.
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Antimony trioxide falls on lack of consumer appetite; China refrigerant demand supports fluorspar prices; Lithium prices in Europe chase Chinese market; IM proposes to delist its potash and phosphate prices
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Industrial Minerals proposes to delist all potash and phosphate prices.
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Rail and sea links are fractured in the US's largest international port, as supply chains of some industrial minerals could be disrupted.
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China's Ministry of Land and Resources released new data last month about the country's reserves of strategic important minerals, including several non-metallic minerals such as graphite, lithium and zircon.
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The phosphate fertiliser and potash producer said it was fortunate to avoid major damage due to hurricane Irma, but it expects to lose phosphate production in Q3.
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The phosphate fertiliser and potash producer has announced that its Q3 output will be affected by Hurricane Irma, but the exact impact is unclear until the company completes its facilities assessments. Meanwhile, Mosaic will not be making any price offers until the final damage is known.
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The world’s largest phosphate producer, OCP, reported higher Q2 earnings. Although demand remained strong in H2, the market will be price-sensitive to Chinese exporters' behaviour.
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The phosphate fertiliser and potash producer has idled its operations in Florida ahead of the hurricane.
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Leading integrated fertiliser producer the Mosaic Co. reported higher Q2 earnings as stronger potash and phosphate product demand offset lower prices.
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The state-owned Jordanian company has supplied 2m tonnes of phosphate ore during H1.
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The second shipment of phosphate rock in 2017 has set sail from Senegal, producer Avenira said.
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Chromite production increased during the month together with that of limestone, zinc and lead concentrate, while bauxite and magnesite declined.
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The world’s largest phosphate producer, OCP, reported higher Q1 earnings and expects stable crop fundamentals and low input prices to drive consumption.
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The world’s largest phosphate producer, OCP, reported lower Q4 and 2016 revenue but the company believes the market has bottomed out and demand will remain strong owing to stable crop fundamentals.
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Antimony trioxide spot prices spike; magnesia unchanged but supply to remain tight; China-origin soda ash falls.
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Germany-based K+S Group is expecting its new potash and magnesium product output outside Europe to support earnings in 2017. However, the ongoing disruption at its Werra potash plant could weigh on performance.
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The state-owned Jordanian phosphate mining company will be supplying over 5 million tonnes of phosphate ore to India in 2017. The company is expecting to see prices improving in Q2.
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EuroChem has bought a Bulgarian fertiliser distributor to expand its presence in Eastern Europe.
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Agrochemical producer Uralchem reported higher phosphate fertiliser production in 2016 as one of its plant return to full capacity.
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Cristal joins other producers to announce a further price hike in titanium dioxide this week, while spodumene producer sold lithium concentrate for delivery in H1 2017; Chinese rare earths producer announced price increase.
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Tel Aviv-based ICL reported lower Q4 2016 income as weak fertiliser prices continued to pressure financial performance, despite record potash sales volumes.
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The state-owned Jordanian phosphate mining company will be supplying phosphate ore and phosphoric acid to Bangladesh for three years.
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Despite lower production costs, higher volumes sold and cheaper raw materials for phosphate production, low prices in both potash and phosphate pulled net earnings down by 92% for Mosaic.
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The first phosphate rock shipment in 2017 from Senegal-based Avenira will set sail in Q1, as the company continues to install equipment to enhance its processing facilities and ramp up production.
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Although the company noted stronger demand for potash in the fourth quarter, lower year-on-year prices for both potash and phosphate drove overall income and sales down.
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Limestone, magnesite and coal push the country’s monthly mineral index upwards despite a decrease in the extraction of bauxite and chromite.
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China has revised its tariffs on some minerals in 2017. The move comes after complaints last year to the World Trade Organisation (WTO) from the EU and the US against China’s export duties on a number of essential metals and minerals.
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A roundup of the year’s main events in the global potash and phosphate industry.
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Vale will sell its fertiliser business to Mosaic for $2.5bn, giving the fertiliser producer greater access to the growing Brazilian market and enabling the company to be fully integrated through the Brazilian phosphate supply chain.
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The Indian government plans to change the way it distributes the fertiliser subsidy causing concern that the new policy could affect potash and phosphate buying in the market.
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One of the world’s largest phosphate producers, OCP has reported lower earnings in Q3 as weak fertiliser demand and prices hit profits.
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Rare earths and graphite are to be warehoused in quantities at least 80% of the country’s domestic capacity as China looks to secure supply of materials where demand is on the rise.
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Chatham Rock Phosphate, which last year had its marine consent application rejected for the mining of phosphate off the coast of New Zealand, has been given funding together with its technical partners from Dutch authorities to conduct further research into deep sea mining.
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After placing its ilmenite mine on care and maintenance last year owing to a weak market, Melior has now completed a PEA for the operation and is looking for a strategic partner to help bring production back online.
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Magnesia prices unchanged amid concerns of further decline, chemical-grade chromite rises and lithium annual 2017 contracts started to conclude following lengthy negotiations. Bauxite, fused alumina prices held unchanged despite more anticipated production shutdowns.
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Better application rates and policy changes could impact phosphate fertiliser demand but growth is unlikely before crop profitability returns in 2018, Rabobank told delegates at IM's phosphate conference in Amsterdam.
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Phosphate fertiliser feedstock demand is forecast to grow 1% annually but high-grade rock production is falling. This could further restrain supply if the EU passes regulation to reduce cadmium levels in fertiliser.
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Producers’ association Fertilizers Europe outlined the challenge in the EU’s proposal to regulate cadmium levels in phosphate fertiliser. Results from the EU consultation will be announced in summer 2017.
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Under the Chinese government’s drive to eliminate inefficient and polluting industries, phosphate fertiliser production in China could fall, and reduced Chinese supply is expected to support the phosphate market, according to major producer PhosAgro.
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The publication of Industrial Minerals’ price assessments will be affected by the Christmas holidays.
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