Soda ash latest news

  • February 2015

    Tanzania moves closer to soda ash plant construction

    27 February 2015

    Tanzania’s NDC claims that the Lake Natron project has enough soda ash to last 540 years of production, but industry observers have said that the company needs to progress the development further before this new source of material can be factored into global supply figures.

  • Tronox titanium slag exit curtails 2014 sales but acquisitions give strong outlook

    27 February 2015

    As expected, Tronox's exit from the titanium slag market hit its 2014 results. However, the acquisition of Alkali Chemicals from FMC and the construction of its Fairbreeze mineral sands mine are expected to add around $200m onto the group's adjusted EBITDA in future results.

  • Solvay results put polymers in the lead as rare earths lag

    26 February 2015

    Yet again, speciality polymers have taken centre stage in Solvay's results, showing strong quarterly and yearly peformance. Although rare earths sales were down year-on-year, the advanced materials division still registered robust financials.

  • Legislators in Botswana call for mandatory local mineral beneficiation.

    26 February 2015

    Botswana is home to Botswana Ash, one of the world's significant soda ash producers. Although the company has said that it already upgrades its minerals locally, and will be unaffected by the legislative changes, the country's government wants more to be invested in research and development.

  • FMC sells soda ash business to Tronox for $1.64bn

    24 February 2015

    Tronox covets organic chemicals leadership while FMC focuses on high growth markets.

  • ISACC soda ash and calcium carbonate plant gets green light

    23 February 2015

    The ISACC soda ash and calcium carbonate factory now has the go-ahead from the Royal Commission in Yanbu. Once on stream in 2018, the plant should supply the MENA region with soda ash and calcium carbonate, taking the pressure off Turkey.

  • OCI Resources posts strong results on increased demand, soda ash prices

    11 February 2015

    The US company has seen a strong year on the back of increased soda ash demand and is expecting to take this into 2015. This runs contrary to FMC’s statement last week, in which it said that soda ash prices were flattening.

  • Tata post strong third quarter results on soda ash optimisation strategy

    06 February 2015

    Tata’s results are strong in the face of headwinds in the industry. Soda ash markets are starting to come back, so perhaps there is room for the company to bring Magadi back online – however there was no indication on Friday that this was on the cards.

  • FMC Corp. records higher minerals revenue and earnings in Q4 2014

    05 February 2015

    FMC has been a leading global producer of lithium and soda ash for several years. With the sale of its soda ash arm it has now concentrated its mineral focus onto lithium which it believes will enjoy an uptake in prices as interest in energy storage picks up.

  • FMC to sell its soda ash business to Tronox for $1.64bn

    04 February 2015

    Alkali Chemicals, the world’s largest natural soda ash producing business, has been sold by FMC to Tronox. Tronox is hoping to become a leader in the inorganic chemicals market while FMC is using the sale to pay for its investments in agricultural supplies.

  • Owens Illinois point to currency headwinds in 2014, but glass markets still strong

    03 February 2015

    Trends displayed by the world’s largest glass container manufacturer are to be closely watched by the industrial minerals markets which service this market. It is interesting that O-I believe that demand is expected to remain strong, despite some headwinds, as this spells good news for soda ash, borates and silica sand producers.

  • Tronox rumoured to be near to closing $1.5bn deal for FMC’s soda ash business

    03 February 2015

    FMC is a major global supplier of soda ash, posting good results last year after positive optimisation and higher sales in this sector. However with soda ash pricing forecasts flat in the near-term, a divestment of its soda ash business will enable the company to cut debt after a previous acquisition.