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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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Commercial cultivation of cannabis for medical uses is on the rise, with the sulfur, phosphate and potash sectors likely to benefit. But there are fears that the junior mining sector is suffering from a draining of potential investment.
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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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Tightening supply gives zircon, rutile prices a boost as Q2 gets underway; PRICING NOTICE: Discontinuation of wollastonite prices; Chinese lithium market remains slow but prices rise globally; Low-grade magnesia prices fall while stocks rise; Foundry chromite prices strengthen; chemical grade stable; PRICING NOTICE: Discontinuation of sulphur prices
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Industrial Minerals has discontinued prices for two grades of sulphur.
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Prices rise further in chemical, foundry grade chromite markets; High-grade DBM prices leap on lack of raw material; Lithium prices rise in China after new year break; Chinese TiO2 producers cite yuan appreciation as they push for price risesPrice Notices
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Industrial Minerals proposes to discontinue two of its sulphur prices.
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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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Overall dry bulk at Canadian port falls but picture mixed for potash and sulphur shipments.
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The three-year project aims to overcome some of the existing issues in the development of lithium-sulphur batteries that have so far prevented their commercialisation, despite the technology being slated as the successor to lithium-ion due to its superior energy density.
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US-based Chemours has sold its sulphur segment to Veolia, as part of its streamlining process which will enable the company to focus on titanium technologies, fluoroproducts and its cyanide segment.
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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.
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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.
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Florida’s dry bulk port at Manatee is likely to benefit from expanded canal links to Asia. The BDI meanwhile was stronger this week but shipbrokers have expressed concerns over the effect the UK's Brexit vote might have on shipping.
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Mining operations at the Boulby potash mine in northeast England, owned by Tel-Aviv-headquartered ICL, have resumed following a fatal accident last Friday. More redundancies are expected in 2017 due to depleting postash reserves at the site.
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Texas, US-based TOR Minerals International Inc. has reported a profit in Q1 2016 for the first time in almost two years after the company divested its synthetic rutile production facilities, which were unable to produce at a profit consistently. Although the company is still facing difficult market conditions in TiO2, its alumina and sulphate businesses have shown potential for profitable growth.
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Difficult conditions in potash and phosphate have already pushed producers out of production at the higher end of the cost curve – a trend likely to continue as serious new supply comes online during the next five years.
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Easy financing options and further cost cutting, coupled with Chinese uncertainty, mean that mining companies are unlikely to relinquish market share in 2016. As a result, continued oversupply should keep prices in many markets low.
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Scotiabank airs suggestion of PotashCorp taking over Intrepid Potash; Mosaic to continue mining at Four Corners; Ma’aden completes debt financing of Waad Al Shamal.
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The new deal with Gazprom Sulphur will see the company’s phosphate fertiliser facilities supplied with liquid sulphur until the end of 2020, after a year which has seen the cost of the fertiliser feedstock material rise by over 200% for the company.
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BPC signs MoU with Vietnam for supply of potash; Acron pushes Verkhnekamsk project forward with ministerial discussions; Indian fertiliser mischarging allegations grow.
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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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In its first quarter of standalone operations, DuPont’s spin-off company Chemours has reported a net loss as the weak TiO2 market continues to weigh heavily on results.
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Having transported 2m tonnes over the past year, upgrades and regulatory approvals across Etihad Rail’s network should allow the company’s deliveries of sulphur to Abu Dhabi-based ports to increase to 7m tpa.
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German authorities have finished testing at the Uerdingen facility, declaring it asbestos-free and allowing clean-up to begin. While much of the site is expected to be repaired by mid-August, the full schedule is yet to be determined and it is unclear when the site will be able to begin production again.
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Access to Huntsman's Uerdingen white pigment factory is being restricted after a nitrogen tank exploded, injuring 15 people. Operations will be shut down while the company investigates the cause of the blast and German authorities determine whether dust in the affected area contains asbestos.
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The Winona-based plant will supply gypsum, a source of calcium and sulphur, to farms across the agriculturally intensive Midwest and Plains groups of states.
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Government encourages foreign investment; Iraq plans to establish new mineral council.
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A new lease at the Philadelphia dry bulk terminal is intended to encourage more fertiliser imports into the eastern US and Canada.
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Potash exports from Port Metro Vancouver reached record volumes in 2014, reflecting record worldwide demand for the year. Meanwhile, salt logistics are under strain in the north east of the US, where Morton Salt is struggling to deliver its products fast enough owing to continued snow events.
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JPMC is continuing its outward-looking expansion programme, which, in partnership with the APC, will increase Jordanian exports of agriminerals. Sulphur imports meanwhile, could increase, according to JPMC’s chairman.
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A strong Q4 recovery for 2014 relative to 2013 was inevitable, as potash prices rebounded from deep 2013 lows. PotashCorp. is taking a conservative view of 2015, expecting slightly lower shipments than were seen in the record year of 2014.
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Bentonite, a mineral most associated with the subdued drilling fluids and oil production industries, could see demand increase in the agriculture sector owing to its inclusion in a next-generation set of fertiliser products.
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Potash and phosphate prices wobble into 2015 while sulphur market looks strong
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At a time of increasing concern at the potential for oversupply in the sulphur industry, particularly because of the increases in China’s sulphur capacity, the MRPL shipment is positive news for the sector and shows that China is still a key customer for the mineral.
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The gas cleaning technology supplied by Outotec to Votorantim's zinc refinery in Peru will enable to the company to both reduce its gas emissions and produce a higher quality sulphuric acid by-product.
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The Israel-based fertiliser and chemicals producer continues to expand its international presence, as the prospect of tax changes at home remain.
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Sulphur deficiency in soils in the south of Russia is a significant problem, according to EuroChem, which expects that its new product will see strong acceptance by farmers in the region.
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Ma’aden investments in phosphate ventures continue; Chatham Rock Phosphate receives R&D grant from New Zealand Crown Agency Callaghan Innovation.
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The Belgian chemicals company has spun off the sulphuric acid refining and producing segment as part of a strategic drive to increase returns on its assets. CCMP will take over a successful unit, which supplies to some of the largest refineries in the US.
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The civil penalties and plant spending that will be incurred by PotashCorp. are small in comparison to its 2014 capex, and investment in scrubbing and monitoring infrastructure will be welcomed by communities close to the plants. The EPA plans to continue enforcement of the US Clean Air Act, suggesting that fellow producers should be correcting any potentially offending facilities to avoid unwelcome civil court costs.
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Agrium has been largely shielded from price instability following the Belarusian Potash Co. split because of its diversified income stream. The y-o-y potash revenue fall is significant, but is largely due to facility upgrades lowering output. Phosphates had opposite fortunes, growing strongly for the business.
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Antimony and iodine prices fall while Indian barite remains scarce and bromine continues flat but soft
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MPC will be disappointed that the recent hiring of company turnaround specialist, Jim Sherbert, as CEO appears to have been too late to rescue the miner in the short term. The bankruptcy, however, should allow the company to restructure its business, and start afresh with its creditors.
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Innophos does not appear to have suffered greatly from supplier delays, though it will be looking to avoid such production volume reductions again. The fall in sales was more than made up for by margin improvements, however.
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The sales and production increases follow strong H1 2014 results for the company, in a string of strong performances.
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