Regulation latest news

  • July 2016

    Struggle continues for Vesuvius in H1 as income drops and debt rises

    29 July 2016

    The company says it saw early signs of stabilisation in the steel and foundry markets, but its H1 financials reveal worsening sales and profits as debt increased.

  • Imerys seeks to buy Alteo’s BFA operations

    29 July 2016

    The proposed acquisition comprises three of Alteo’s four plants making fused and tabular alumina, and would effectively shrink the company’s operations to the sole calcined alumina business.

  • Saint Gobain warns of uncertain outlook in post-Brexit UK

    29 July 2016

    The building materials provider pointed to growth concerns relating to the UK construction industry after it moved to leave the EU, although the company reported growth across regions in the first half of 2016.

  • Chinese firms develop rare earth-based battery

    29 July 2016

    A number of new products have recently been launched in China utilising rare earth products including a rare earth Li-ion battery and a rare earth-based magnetic refrigerator as companies in various sectors research innovative improvements on existing solutions.

  • Solvay Q2 income up despite lower prices

    29 July 2016

    Brussels-headquartered chemical and advance materials producer Solvay saw earnings increase despite a drop in total sales as the company reduced fixed costs and grew operating profit. It anticipates 2016 EBITDA growth as diversified markets will offset any declines in oil and gas.

  • Price Briefing 22-29 July 2016

    29 July 2016

    Existing inventory in brown fused alumina prevented prices gain amid supply tightness; Chinese TiO2 producers announced eighth price hike; fertiliser prices expected to remain low in 2016 while fluorspar prices held at five-year lows as supply far outstripped demand.

  • Carbo reports Q2 loss; expects better H2 for ceramic proppants

    29 July 2016

    Like other companies catering to the oil and gas sector, Carbo Ceramics reported a net loss for the quarter as prices and volumes for proppants fell. However, the company anticipates increased sales of its ceramic proppants in the second half of the year.

  • Iluka in takeover talks with Sierra Rutile

    29 July 2016

    A leak relating to ongoing talks between the two titanium dioxide feedstock producers has led both companies to make public announcements as regards the potential tie up.

  • Competition sees cheaper fluorspar offers

    29 July 2016

    As summer kicks in, market participants told IM that intensifying competition has brought about severe price undercutting in the market as producers aim to get rid of the stockpiles.

  • Low potash prices drag PotashCorp profit down 71%

    28 July 2016

    Low potash and phosphate prices pulled y-o-y revenue down by 71% for the North American producer, and these are expected to continue to hinder earnings for the remainder of the year. However the company believes that potash markets have now bottomed out and activity will increase in H2.

  • Baker Hughes loss deepens in Q2

    28 July 2016

    The company reported a net loss as a fall in revenue both y-o-y and sequentially as market conditions in oil and gas are expected to either remain the same or decline further in the second half of 2016.

  • Anti-pollution efforts cut BFA supply in China

    28 July 2016

    The recent stricter anti-pollution checks in brown fused alumina producing regions in China are showing no sign of easing with production continuing to be impacted. While prices have not gained this week on tighter supply, market participants said it could rise when existing stock runs out.

  • Debate over effectivness of India's child labour bill

    28 July 2016

    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.

  • Sony to sell battery business to Murata

    28 July 2016

    The Japanese firm, which first commercialised the lithium-ion battery, is now set to offload the loss-making division to Murata Manufacturing.

  • Lithium carbonate, hydroxide spot prices steady

    28 July 2016

    The decline in Chinese spot prices appears to have stalled this past week following several weeks of declines. Prices remain at historically high levels though with market participants continuing to report strong supply-demand fundamentals.

  • Uralchem’s phosphate output quadruples in H1

    28 July 2016

    Following the reopening of its Voskresensk Mineral Fertilizers business, Russian producer Uralchem quadrupled MAP output in the first half of the year despite the current "complex global market".

  • Outotec reports Q2 loss; expects ongoing challenges

    28 July 2016

    Low metal prices, uncertainty regarding China's growth and pressure for producers to cut production and investments led to a net loss for Outotec this quarter. The company also narrowed its 2016 profitability guidance as service demand is anticipated to remain weak.

  • Avenira to export phosphate via Senegal's Dakar port

    28 July 2016

    A rock phosphate supply deal signed this week will see Avenira export up to 360,000 tpa phosphate via Senegal's Dakar port, 145km away from the company's Baobab mine. Meanwhile the BDI was unable to sustain a brief rally seen earlier in the month.

  • BASF Q2 sales fall as oil downturn hits prices

    28 July 2016

    The decline in oil and gas prices continued to bite as global chemicals producer BASF noted a 24% decline in sales for the second quarter. However, the company has seen positive activity in its coatings segment, particularly an increase in demand from the automotive market in China.

  • Huntsman income increases; TiO2 prices improve

    28 July 2016

    Although TiO2 prices were still markedly lower than the previous year, Huntsman reported an increase in income as the company has been cost cutting and managing inventory. The company is continuing to prepare to sell its pigment business, however prices saw a slight untick sequentially, it said.

  • FMC lithium supply deal grabs market attention

    27 July 2016

    The lithium producer’s offtake deal with a “major” EV producer has been well received by the market but it has also prompted various theories by observers as to who the unnamed manufacturer might be.

  • K+S delays review to restart magnesium sulphate mine

    27 July 2016

    The German fertiliser producer has delayed its decision to restart magnesium sulphate production due to overcapacity in the market. K+S will now decide whether or not to go ahead with the mine after it receives government approval for the project at the end of this year.

  • Vietnam’s Nui Phao to undergo inspection, says MoNRE

    27 July 2016

    The Ministry of Natural Resources and Environment (MoNRE) is planning to inspect Masan Resources’ Nui Phao operations following complaints from local residents about the project’s impact on the environment.

  • Morgan reports drop in H1 profit

    27 July 2016

    The ceramics and refractories producer saw increased revenues during the first half of the year, however as end markets continued to struggle, margins fell, leading to a lower net profit.

  • Tasnee swings to Q2 net profit

    27 July 2016

    Global TiO2 and petrochemicals producer Tasnee has reported losses over the past several quarters owing to the simultaneous downturn in petrochemicals and titanium. However, the company reported a profit for Q2 despite analysts predicted another net loss, as it continues with cost-cutting, restructuring and diversification of its output.

  • K+S Windsor Salt plans C$60m expansion at Ontario mine

    26 July 2016

    The Canadian salt producer is looking to expand its Ojibway mine in Windsor by investing $60m to upgrade technology and extend mine life by nearly 50 years. With the project expected to start in 2017, K+S Windsor Salt plans to ramp-up production by 2018.

  • Chinese lithium producer Rui Fuliye bought by local conglomerate

    26 July 2016

    Shandong Jiangquan is looking to diversify into both the lithium and battery industries by taking full control of lithium producer Shandong Rui Fuliye, where it will continue capacity expansion efforts already underway.

  • Lithium export data shows China hydroxide price dip in June

    26 July 2016

    The drop off in the spot price of lithium in China can be seen in lithium hydroxide export figures for June, though lithium carbonate retained its upward trajectory during the month, according to trade statistics recently released by the Chinese government.

  • ICL concludes 700,000 tonne potash agreement with China

    26 July 2016

    Tel Aviv-heaquartered ICL has finalised several supply contracts with Chinese buyers for the rest of 2016 at selling prices in line with other recently-signed fertiliser supply agreements.

  • Highfield Resources signs potash offtake agreements

    26 July 2016

    Junior fertiliesr company Highfield Resources has signed a non-binding offtake agreement to supply potash to three fertiliser traders. Production is expected in 2019, but the project is still awaiting environmental approval and mining concession.

  • China’s acid-grade fluorspar exports surge in H1 2016

    26 July 2016

    While acidspar exports grew in H1 2016, a decline in aluminium fluoride material shipped out of China during the first six months of the year did little to disguise the sluggish near-term outlook for Chinese fluorspar products.

  • FMC strikes supply deal; accelerates expansion plans

    26 July 2016

    The lithium producer intends to speed up a previously announced expansion of its hydroxide capacity to supply an unnamed “major” EV maker. It now aims to have a capacity of 18,000 tpa by the end of next year.

  • AkzoNobel boosts share in Egyptian powder coatings plant

    26 July 2016

    The Netherlands-based pigment and coatings producer is continuing the expansion of its footprint in the Middle East and Africa by increasing its ownership of the Akzo Nobel Powder Coatings plant in Egypt to 100%.

  • Icynene adopts Chemours' Opteon refrigerants in spray foam

    25 July 2016

    Growing initiatives to phase out the production of ozone-depleting substances are facilitating a shift towards a new generation of refrigerants. As activity in Chemours' TiO2 segment remains subdued, the company is banking on industry uptake of its fluorochemicals products to drive growth.

  • K+S halts potash production again

    25 July 2016

    K+S has suspended potash operations in Germany following a temporary four-day restart on 11 July, as limited waste water disposal capacity continues to restrict production at the site.

  • Cement and building materials push Eagle Materials Q2 earnings up

    25 July 2016

    Increased prices in its building materials segment and higher volumes of gypsum wallboard and paperboard products helped to buoy earnings and revenue for Eagle Materials, as the company's proppants segment continues to suffer through the oil and gas decline.

  • Titanium dioxide producers in China hike prices further

    25 July 2016

    Growth in the automotive and real estate sectors is expected to continue to push up pigment prices as existing inventories are depleted. Output is further expected to be constrained by limited ilmenite supplies and increased government regulation of the TiO2 industry's energy consumption.

  • Vale plant outages hinder Q2 fertiliser output

    22 July 2016

    The Brazilian miner reported lower potash and ammonium nitrate output for the second quarter this year due to unplanned outages at its production facilities, while phosphate rock production rose.

  • Price Briefing 15-21 July 2016

    22 July 2016

    Supply disruption in China fails to lift bauxite and brown fused alumina prices; chromite sees an increase in buying activity in China; Indian potash contracts signed at lower y-o-y levels.

  • SQM drops objections to Albemarle’s Atacama expansion

    22 July 2016

    A deal between SQM and Albemarle, the world’s two largest producers of lithium from brine, will see the companies work together on an environmental programme in Chile’s Atacama Desert, with SQM dropping its environmental complaints against Albemarle’s ramp up plans.

  • Chinese producers anticipate lithium price stability, spot drop off continues

    22 July 2016

    As the Chinese lithium spot price continued to fall this week, a number of supply-side industry players expect a steadying of the market in the second half of the year, though buyers still predict a sustained price decline.

  • China's anti-pollution checks hit brown fused alumina output

    22 July 2016

    Chinese-origin brown fused alumina prices held unchanged despite a looming supply tightness due to stricter anti-pollution checks shutting down production in recent months.

  • Floods in China hit bauxite deliveries, fail to lift prices

    22 July 2016

    Refractory grade bauxite prices were unchanged despite supply disruption caused by heavy rain storm and flooding in China over the past fortnight. If the inclement weather persists, it may impact production and could lift prices in the coming week.

  • Sirius receives last major approval for UK polyhalite project

    21 July 2016

    Sirius Minerals has waited patiently over the last few years for the granting of all permissions for its UK fertiliser project in North Yorkshire and has finally received its last major required approval as it looks to develop the facilities at Teesside port.

  • Tesla’s vision for the future a boon for Li-ion?

    21 July 2016

    Elon Musk’s ambitious plan for the electric vehicle producer include extending its vehicle range and the integration of solar roofs and battery storage, both of which should fuel battery demand and consequently demand for battery minerals, notably lithium. Some analysts remain dubious, however.

  • Mixed bag for PPG’s coating divisions in Q2

    21 July 2016

    Sales volumes in the company’s industrial coatings segment strengthened while performance coatings saw a decline, owing to mixed performance in various regions and applications. PPG’s glass segment also saw improved net sales as selling prices strengthened. However all of its business segments were impacted negatively by foreign currency translations.

  • Stronger Chinese demand supports chromite prices

    21 July 2016

    Chinese demand for chemical grade chromite has rebounded in recent months following a quiet period with increased buying interest for the material said to be supporting prices, traders told IM.

  • Orocobre “confident” Olaroz delays are now behind it

    21 July 2016

    Having been forced to postpone the date it expects to reach nameplate production once again this week, the lithium producer’s CEO told IM that this would be the last delay and defended the length of the ramp up process.

  • MRC commissions garnet separation plant

    21 July 2016

    The installation of the garnet separation plant is expected to increase zircon and rutile feed grade and push up overall production of mineral sands.

  • Halliburton loss deepens as oil and gas pricing pressure continues

    20 July 2016

    Major oilfield services provider Halliburton attributed its net loss to declining prices and activity in oil and gas, a major industrial mineral-consuming sector. However, the company noted the recent uptick in rig count, indicating operator confidence in stabilising commodity prices.

  • Largo aims to supply V2O5 directly to VRB maker

    20 July 2016

    Canada-based Largo Resources is in talks with vanadium redox battery maker Vionx for the supply of V2O5 from its mine in Brazil. Should a definitive agreement go ahead within the next three months – depending on agreement with Glencore Plc – the partnership will be the first to supply a battery manufacturer directly with vanadium raw material, according to Largo CEO Mark Smith.

  • India identifies key minerals for domestic manufacturing industry success

    20 July 2016

    The Indian government has identified 12 critical minerals likely to power the growth of the country’s manufacturing sector and to play a significant role in the success of the ‘Make in India’ programme – an initiative launched by prime minister Narendra Modi to encourage manufacturing companies to choose India as a base.

  • Orocobre delays completion of Olaroz ramp up by two months

    20 July 2016

    The lithium producer has said it will not reach nameplate capacity at its Olaroz facility until November as it makes modifications to the site’s purification circuit. The project is one of a number bringing new material to market this year, which industry players hope will lead to an easing of the supply shortage.

  • K+S concludes potash supply contract with India

    20 July 2016

    K+S has signed a potash supply agreement with IPL for the fiscal year of 2016/2017, reflecting similar deals concluded in June. IPL expects to conclude ore contracts with other producers in the coming weeks.

  • EU takes action over China export duties

    20 July 2016

    The European Union has launched another legal case against China’s restriction on raw material exports essential for the region’s downstream industries. However, China discounts any deliberate intentions claiming that the restrictions are merely an effort to protect domestic resources and the ecological environment.

  • Mt Cattlin ore processing capacity doubled

    20 July 2016

    General Mining Corp., operator of recommissioned spodumene mine has increased the site’s potential annual throughput to 1.6m tonnes ore.

  • AkzoNobel Q2 results hit by currency headwinds

    19 July 2016

    While volumes were up in a number of its paints and coatings businesses, the Netherlands-headquartered producer reported lower revenues and income as the market remains uncertain and currency headwinds prevail.

  • Rio Tinto's TiO2 output slides, borates production steady

    19 July 2016

    Output figures for the second quarter of 2016 were broadly in line with market trends – titanium dioxide production continued to fall while borates and salt remained relatively stable.

  • Rio Tinto increases Q2 bauxite output

    19 July 2016

    The Anglo-Australian miner maintained its bauxite production target for 2016 at 45m tonnes, as volumes in the first half recorded a sizeable increase on last year.

  • PotashCorp expects demand recovery in H2

    19 July 2016

    The North American producer expects potash demand to recover in the rest of 2016 but prices will remain under pressure.

  • China’s lithium-ion battle: LFP vs NCM

    19 July 2016

    Both lithium iron phosphate and nickel cobalt manganese batteries have their own relative strengths and weaknesses as they compete to fill the booming Li-ion space. Delegates debated these at the recent LiB and Key Source Material Meeting in Tianjin, China.

  • Chemours to sell sulphur business to Veolia

    19 July 2016

    US-based Chemours is selling off its sulphur segment as part of its streamlining process which will enable the company to focus on titanium technologies, fluoroproducts and its cyanide segment.

  • Sierra Rutile reports record Q2 mineral sands sales

    18 July 2016

    The mineral sands producer has completed the expansion of its rutile capacity with the Gangama dry mining project in Sierra Leone, as it says that a number of factors, including pigment price increases, are pointing to overall improvements in the health of the sector.

  • Big names in energy look to Li-ion battery storage

    18 July 2016

    Investment by three former energy bosses in a UK-based battery maker comes as part of a growing shift towards Li-ion-based energy storage systems, something players in the lithium industry have pointed to as a future driver of demand for the mineral.

  • Lithium Juniors News in Brief 12-18 July

    18 July 2016

    A brief round up of notable junior activity in the lithium industry.

  • Indian mineral output grows 1.3% in May

    18 July 2016

    The country’s mineral production index for the mining and quarrying sector has increased for the second consecutive month of fiscal year 2016-17.

  • Judge favours Hemlock in silicon supply dispute

    18 July 2016

    Deutsche Solar’s parent company, SolarWorld, stressed that any decision taken by a US court against it would not apply in Germany as it would have to go through the local legal system in a separate process.

  • Lynas quarterly rare earths sales rise

    18 July 2016

    The only remaining Western rare earths producer has reported increased sales volumes and revenues as the industry continues to struggle.

  • First collective net loss for ‘Top 40’ mining companies

    18 July 2016

    2015 marked $27bn net loss for top miners with consolidation and cost cutting expected to continue; First lithium company to make the Top 40.

  • Diverging trends in China’s fluorspar exports

    18 July 2016

    Acidspar steady as metspar struggles; aluminium fluoride overcapacity issues.

  • Fly ash proppant testing validates LWP’s technology

    18 July 2016

    Superior proppant qualities demonstrated, with low cost tech and lower transportation distances ideal for market downturn.

  • Brexit: Mineral companies in “wait and see” mode

    18 July 2016

    Financial markets in turmoil although market participants say it's too early to predict the long-term impact; ceramics sector expresses concerns over exports.

  • Nabaltec pins hopes on flame retardants and Asia

    18 July 2016

    Low prices in refractory products have lead the company to focus on diversification, developing products for key markets such as flame retardants and electromobility.

  • Uralkali expects potash demand to improve in H2

    18 July 2016

    Consumption still below 2015; talks of Uralkali-Belaruskali partnership; Canpotex scraps potash export terminal.

  • Chemours refutes bankruptcy predictions

    18 July 2016

    Chemours accused of moral and financial bankruptcy with high debt and environmental liability issues. The company points to Opteon as shining star in business.

  • IM23: Looking for growth in the downturn

    18 July 2016

    Growing middle class to drive demand in industrial minerals, however speakers expressed concerns over China’s dominance and emphasised the importance of diversifying into new markets.

  • Lithium 2016: Demand on the rise

    18 July 2016

    Booming growth in lithium demand; short term supply remains a worry as belief that majority of juniors will fail.

  • Reporting industrial minerals and indicated resources

    18 July 2016

    News that trading in ASX-listed Volt Resources shares was halted hours after the company released an announcement pertaining to its Namangale graphite project prefeasibility study in Tanzania sent ripples through the junior mining community earlier this month. But how do listed companies avoid making the same mistake? Andrew Scogings and Ivy Chen* outline how to understand the JORC Code.

  • Fairmount expects further proppant declines in Q2

    15 July 2016

    Preliminary financial results from the frac sand and proppant supplier indicate that revenues and volumes will be down in Q2, while net losses will deepen. However, it added that the market has shown signs of a preliminary but slow recovery.

  • India’s beach sand miners urge PM to scrap new rules

    15 July 2016

    The Beach Minerals Producers Association argues that the new Atomic Minerals Concession Rules would negatively affect India's beach sand mining industry and force private miners to close down.

  • Samsung considering stake in carmaker BYD

    15 July 2016

    The Chinese electric vehicle producer has denied reports that Samsung is set to buy a 4% share; says companies will cooperate on vehicle parts.

  • Price Briefing 8-14 July 2016

    15 July 2016

    Chinese lithium spot prices continue to decline; iodine price declines show no sign of letting up; Chinese potash contracts signed; alumina prices fall

  • Consumers gain from industrial split over fluorspar prices

    15 July 2016

    While tightening supply from China saw some domestic producers pushing higher prices onto the market, excessive low-cost supplies from other fluorspar producers meant that the material continues to be traded at lower prices as new demand from consumers in the downstream markets fails to materialise.

  • Brown fused alumina prices fall

    15 July 2016

    Chinese-origin brown fused alumina (BFA) prices moved lower amid weak demand for refractory products but spot business remains steady, according to market particpants

  • K+S acquires Chinese magnesium sulphate fertiliser activities

    15 July 2016

    The German fertiliser producers hopes that the acquisition of Huludao Magpower will strengthen its presence in Asia, allowing K+S to gain a foothold in magnesium sulphate fertiliser and reach South East Asian agricultural markets.

  • Iluka H1 mineral sands production exceeds sales

    15 July 2016

    The company is banking on higher sales in the second half of the year as production of zircon and rutile exceeded sales in line with guidance. Sales values for its products meanwhile increased y-o-y as Iluka continued to report encouraging trends in higher grade feedstocks.

  • China lithium market will balance in 2017, says industry association

    14 July 2016

    Chinese lithium carbonate industry observers told delegates at the 2nd LiB And Key Source Material Meeting that the domestic market could reach an overall supply-demand balance in 2017 if more investment is put into production. However others warned that bringing on new supply needs to be done at a gradual pace so the market is not flooded.

  • Chinese lithium spot continues its decline

    14 July 2016

    A drop off in the price of lithium reported on the Chinese spot market continued this week, knocking it down further. In Japan, meanwhile, contract prices in the country’s once sheltered lithium market appear to be rising to the levels experienced in the rest of the world.

  • Malaysia’s Samalaju port progresses

    14 July 2016

    New deep sea port. which will handle refractory minerals and finished products, expect to be operational by April 2017.

  • Iodine continues to slide as oversupply persists

    14 July 2016

    Predictions of company wind-ups and reduced supply have not materialised, as high inventories continue to affect trading and prices are still feeling downward pressure.

  • US takes action over China export duties

    14 July 2016

    US trade authorities have challenged China’s continued enforcement of export duties on nine essential metals and minerals, which the country agreed to eliminate after joining the WTO, pointing to deliberate efforts by China to increase its competitive edge in downstream product manufacture.

  • BPC agrees China potash supply deal

    14 July 2016

    Belarusian Potash Co. has agreed today to supply potash to Chinese buyers for the rest of 2016 at a price level below deals concluded in India. Delivery volumes to be confirmed.

  • Anasazi completes Solar Quartz Tech buyout

    14 July 2016

    The mineral resources explorer is betting on the growth of solar energy sources as it completes the buyout of the quartz sand manufacturer.

  • Mosaic to idle potash mine in Canada

    13 July 2016

    Mosaic, the world’s top phosphate producer, will idle its potash mine in Canada for the rest of 2016 amid weak global fertiliser demand and low agrimineral prices. The move will cut operation costs for the company, but Mosaic will still be able to meet short-term market demand via existing facilities.

  • Mexican acidspar exports weak against high prices

    13 July 2016

    Mexico’s trade data for acid grade fluorspar points to a difficult market scenario as total export volumes show a declining trend since the start of 2016 against higher average unit values.

  • Iron Mountain plans low-cost bauxite supply to China

    13 July 2016

    The company is aiming to keep costs down through a straightforward shipping operation with no processing involved and predicts that the global bauxite market will recover by the time the facility reaches production.

  • Heraeus looks at new markets with Korean office

    13 July 2016

    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.

  • Honda develops HREE-free motor magnet

    13 July 2016

    The company cited supply chain risks in procuring HREE and cost as motivating factors for the technological advancement, which removes reliance on the elements for the heat resistant properties they have traditionally provided.

  • K+S temporarily resumes potash production

    12 July 2016

    K+S has temporarily resumed potash production in Germany this week after waste water disposal issues forced the company to halt production at multiple sites. The series of unplanned outages are expected to continue until the end of the year.

  • Saint-Gobain buys three mortar manufacturers

    12 July 2016

    The acquisition of two companies in eastern Europe and one in Brazil strengthens Saint-Gobain’s presence in strategic local markets, particularly in Latin America.

  • Galaxy seals second Mt Cattlin offtake deal

    12 July 2016

    The agreement with a Chinese customer will be noted by industry players, who are watching with interest as new Australian spodumene producers move towards the market, potentially alleviating the lithium supply shortage and current high prices.

  • China to base resource tax on mineral prices

    12 July 2016

    The Chinese government has introduced a new resource tax policy on 21 different minerals which will be based on the price of the mineral and will be applicable on the total value of the sales instead of volumes earlier, as the country aims to relieve producers suffering in the current downturn but positions itself to gain longer-term when prices recover.

  • Cost-cutting continues as Alcoa’s H2 revenues drop

    12 July 2016

    Alcoa is ploughing ahead with its cost-cutting plan as a way to lighten the business while alumina and aluminium markets remain weak, dampening revenues in 2016 to date.

  • ICL agrees potash supply contract with India

    12 July 2016

    Israeli chemical producer ICL has agreed to supply potash to India for 2016/2017, following a deal signed earlier last month by supplier Belarusian Potash Co. (BPC)

  • LWP completes arrangements for India JV

    11 July 2016

    The fly ash proppants manufacturer will use Hallmark Minerals’ existing facilities to establish a local production hub for the Indian market, as demand for oil and gas in the country is expected to increase.

  • Iofina hits H1 iodine target as prices keep falling

    11 July 2016

    The iodine producer met its production target for the first half of the year and said it continues to impose measures to cut costs and improve efficiency as the market struggles.

  • China develops high-end magnesium hydrate

    11 July 2016

    The breakthrough was hailed as a viable method to recycle bischofite that is generated during potash production in salt lake resources.

  • Uralchem to up phosphate rock processing

    11 July 2016

    One of the world's largest ammonia and nitrogen fertilisers producer, Uralchem will increase its phosphoric acid production by the end of 2016. Despite the weak global fertiliser demand, the ramp-up is part of the group’s long-term strategy to reinforce existing market share.

  • Lithium Juniors News in Brief

    11 July 2016

    A brief round up of notable junior activity in the lithium industry.

  • Stagnant growth for China’s flake graphite trade

    11 July 2016

    Natural flake graphite exports from China registered modest growth in the first five months of 2016, bearing the brunt of slowing market demand with average values stagnating at the lower end of the trend observed in the last four years.

  • Jubilee’s chromite concentrate output on track

    11 July 2016

    Jubliee Platinum continues to increase its revenue on the back of sales of its chromite concentrate production from chrome mine tailings.

  • Uralkali Q2 potash output falls

    11 July 2016

    Russian producer Uralkali reported a 17% decline in potassium chloride output in the April to June quarter of 2016, contributing to an overall decline in first half production.

  • Base Resources posts higher rutile, ilmenite sales

    08 July 2016

    The mineral sands producer has secured price increases for ilmenite for the September quarter, as pigment mineral sales recorded a strong performance.

  • Lynas beats neodymium-praesodimium oxide targets

    08 July 2016

    The company has been granted a reduction in interest payable on debt by its senior lender as a result of achieving an imposed quota for NdPr production and making various principal repayments.

  • Excess supply continues to stall graphite prices

    08 July 2016

    Price Review: Dwindling consumption rates in traditional end markets have stalled any upward movement in graphite flake prices as an over abundance of supply leads the industry to an impasse.

  • Price Briefing 1-7 July 2016

    08 July 2016

    Fluorspar prices fail to rebound due to weak demand; Chinese TiO2 operators signal yet another price hike; bauxite prices slow down amid persistent issues in consumption; Chinese silicon carbide export values point to lower prices; lithium prices see a degree of stabilisation.

  • India appoints new mining minister

    08 July 2016

    Piyush Goyal expects the mining sector's contribution to India's GDP to rise in the next two-to-three years as he looks to increase the transparency in the sector.

  • Altech updates Meckering kaolin resource

    08 July 2016

    The company’s Meckering site in Australia would supply kaolin feedstock to Altech’s proposed HPA plant in Malaysia.

  • Canada welcomes move towards trade deal ratification

    08 July 2016

    After months of legal arguments, a European Commission ruling means CETA, a deal which will scrap duties on industrial minerals traded between the EU and Canada, can finally move towards ratification.

  • Fluorspar prices stagnate amid weak demand

    07 July 2016

    While recovery in demand remains distant in the short term, any upward push for fluorspar prices has been unsuccessful, leaving producers fighting tight margins

  • China’s spherical graphite exports spike in 2016

    07 July 2016

    Uncoated spherical graphite exports from China have maintained a lead despite slowdown across other graphite markets while average values continue to decrease, indicating saturation in demand.

  • Multiple factors converge to stabilise lithium prices

    07 July 2016

    With contract prices appearing to stall their upward trajectory and the Chinese spot market dipping, lithium market sources this week pointed to several influences coming together to temper the spike in price of the battery mineral.

  • Refractory-grade bauxite prices down on weak demand

    07 July 2016

    Ongoing weak demand for refractory products and lower trading activities during the summer season have weighed on Chinese-origin refractory-grade bauxite prices. Cheaper, smuggled material has further pressured prices, market participants told IM.

  • Chinese SiC export prices decline

    07 July 2016

    Last year’s volatility in silicon carbide average export prices has given way to a slow but notable downward trend in the first part of 2016.

  • Stratmin concludes Graphmada graphite sale

    07 July 2016

    UK AIM-listed StratMin has signed a conditional agreement with ASX-listed Bass Metals to sell its remaining 93.75% stake in Graphmada graphite project in Madagascar.

  • Huntsman to close South African TiO2 plant

    07 July 2016

    The US-based pigment producer is closing down its facility in South Africa, taking 25,000 tonnes TiO2 off the market, to improve profitability at a time when margins remain well below historical norms. The sale of Huntsman's entire pigments division is also still on the cards, indicating a challenging outlook for the mineral.

  • BDI lifts in June but outlook remains bleak

    07 July 2016

    Dry bulk shipping rates up in June but outlook bleak for at least two years, says Singapore Exchange.

  • Chinese DBM exports, volumes down in 2016

    06 July 2016

    Dead burned magnesia deliveries out of China fell substantially in the first five months of the year, as caustic calcined magnesia and fused magnesia exports recorded a more moderate slowdown.

  • Mt Marion's resource estimate upped 160%

    06 July 2016

    The larger figure comes as the Western Australian spodumene joint venture prepares to begin shipments of product, which market participants have indicated should contribute to a calming of the sharp rise in lithium prices seen in recent months.

  • EuroChem acquires Brazilian fertiliser distributor

    06 July 2016

    Leading nitrogen and phosphate fertiliser producer EuroChem has acquired a distribution company in Brazil, in line with its strategy to expand its businesses in the Latin America.

  • Minister urges Indian miners to set aside 10% for exploration

    05 July 2016

    In a bid to increase the share of the mining industry in India’s economy, the country’s Ministry of Mines has urged domestic miners to contribute 10% of their profits towards mineral exploration.

  • China sets new rare earths quotas

    05 July 2016

    The Chinese government has set new quotas for rare earths extraction in the country, as the consolidation of the sector is near completion and new funding has been earmarked to boost research into new materials.

  • Sheffield doubles Thunderbird measured resource

    05 July 2016

    Measured resources at the Australian mineral sands deposit singled out a high grade zone of over 1bn tonnes, containing ilmenite, zircon and leucoxene.

  • Li-ion technology here to stay

    05 July 2016

    Having taken decades to become established as a market leader, Li-ion batteries are unlikely to be knocked off their pedestal by competing technologies any time soon, IM heard at the Financial Times Festival of Finance in central London last week.

  • Tesla Q2 deliveries below expectations

    04 July 2016

    Despite a delivery drop-off, vehicle production was up 20% sequentially, further fuelling lithium demand. The company's ambitious ramp-up plan should still allow it to meet full year delivery targets.

  • Noranda to expand non-met alumina output

    04 July 2016

    The bankrupt aluminium producer is switching a sizeable amount of its output towards non-metallurgical applications, including flame retardants and water treatment, as part of its strategy to return to profitability.

  • US to impose anti-dumping duty on Chinese refrigerants

    04 July 2016

    Chinese refrigerants and hydrofluorochemical blends are likely to face anti-dumping duties after the US Department of Commerce assigned dumping margins between 101.82% and 216.37%. The execution of these awaits final approval from the US International Trade Commission, expected in the first week of August.

  • China’s West Mining to buy Qinghai Lithium

    04 July 2016

    West Mining is taking full control of the lithium producer, in a move that combines a reorganisation and expansion of its ownership.

  • Qinghai: The future world lithium production base?

    04 July 2016

    The province of Qinghai in China is attracting attention from major companies, such as electric car maker Build Your Dream. IM analyst Albert Li looks at why.

  • Pilbara signs six year spodumene offtake deal

    04 July 2016

    With shipments of 140,000 tpa due to start in early 2018, the deal sets Pilbara up to be the next Australian spodumene producer to enter the sector, as juniors vie for position in the booming lithium market.

  • Lithium capacity expansion news from China

    04 July 2016

    A number of lithium producers have recently announced capacity expansions targeted at meeting the expected growth in demand for lithium-ion batteries from the electric vechicle sector.

  • HWI launches refractory range for commercial ovens

    01 July 2016

    The US refractory maker is targeting producers of small ovens and stoves used in domestic and commercial applications in the food industry.

  • Spherical graphite blend improves battery performance

    01 July 2016

    Magnis Resources has announced performance results for batteries manufactured by blending coated spherical graphite material with 10% silicon.

  • China's TiO2 producers announce seventh price hike

    01 July 2016

    Following a series of titanium dioxide price increases during the first half of 2016, major producers in China- CNNC Huayan, Anada and Henan Billions Chemical- are raising their price again.

  • Malaysian bauxite mining ban extended to eight months

    01 July 2016

    Bauxite mining in Malaysia has been prohibited since January, and the latest extension adds two more months to the ban as the country seeks to reduce its stockpile and curb pollution.

  • Price Briefing 24-30 June 2016

    01 July 2016

    Brexit leaves mineral producers in limbo; graphite prices hindered by weak refractory market; Chinese lithium price dip likely to be temporary; potash contracts signed at lower levels; TiO2 driven by improvements in Chinese housing and automotive sectors.

  • Graphite prices remain flat despite upward push

    01 July 2016

    With the first half of the year leaving little room for further declines in graphite prices, Chinese producers’ attempts to boost prices have failed to materialise in the markets outside of China with weak consumption levels spurring discounts.

  • Cathay Industries buys Hoover Color

    01 July 2016

    Cathay Industries, one of the world's largest synthetic iron oxide producers, is continuing with its move into eco-friendly and sustainable pigments with the acquisition of US-based Hoover Color, a market leader in naturally-occurring umbers and transparent iron oxides.