Global nickel production will drop significantly over 2020 as major producer Indonesia’s nickel ore export ban comes into effect, Fitch analysts assert in a recent report. This drop will be slightly offset by the impact of rising production growth in the Philippines where some currently suspended mines will become operational again, while the country aims to plug […]
Copper and iron ore prices surged this week on hopes that China, responsible for more than 70 per cent of the world’s seaborne iron ore trade and half the world’s copper consumption, will spend massively on infrastructure and manufacturing to revive an economy devastated by the coronavirus. Copper trading in New York climbed just short […]
The value of Australian agricultural production is forecast to remain high despite bushfires and prolonged drought, with overseas demand balancing drought-related falls in farm output and incomes, ABARES, the country’s agriculture forecaster said,. ABARES’ Chief Commodity Analyst Peter Gooday said the value of farm production in fiscal 2019-20 was expected to fall slightly to $59 […]
The rapid spread of the novel coronavirus (COVID-19) will likely have a significant short term impact on Australia’s seafood industry, with production value tipped to slide 12% to $2.81 billion this financial year, the country’s premier agricultural forecaster, ABARES, said in a report. However, production value is expected to bounce back to $3.40 billion in 2020–21 as […]
Opening the coal sector to private and foreign participation, a landmark reform initiated by the Narendra Modi government, marked the end of coal nationalisation and dubious captive mining era. In future, blocks will be awarded without any end-use restrictions. However, this may not trigger a rush for investments in the coal sector, says an article […]
India’s chilli exports to China have been hit due to suspension of trade following the spread of novel coronavirus and the Centre should take steps to protect the interest of affected farmers, Congress leader K V P Ramachandra Rao said in the Rajya Sabha. Raising the matter during zero hour in Rajya Sabha, Rao said the country […]
Indian rose growers are hoping to match the export figure for last two years riding on the demand for the flower around the Valentine’s Day season. India has exported flowers worth Rs 57 crore each for the last couple of years. A survey conducted by the Indian Society of Floriculture Professionals (ISFP), the country’s s […]
Investment in battery manufacturing plants and electric vehicle factories continues to boom around the world, but for now the market for lithium shows no signs of emerging from a four-year slump. Prices for the raw material used in lithium-ion batteries fell again at the end of last year, according to the December price assessment released […]
Prices of aluminium and copper are showing signs of recovery in the last three months as trade tensions in international markets have eased to an extent leading to an improvement in sentiment, rating agency ICRA said in its research report. Consequently, while aluminium prices at the spot market have increased by 4 per cent in […]
Rising geopolitical tensions and pressures to the global economy will continue to evoke volatility in commodity markets, heightening risks to metal demand and prices, Fitch Solutions’ newest report on key Asia mining themes finds. The Asian mining landscape will continue to benefit from the availability of high-grade resources and low labour costs, although key countries will […]
