Global copper deficit estimated at 390,000 tonnes in 2018: ICSG

The International Copper Study Group (ICSG) recently released its copper report covering 2018, which estimated a global refined copper deficit of 390,000 tons in 2018. According to the ICSG report, world mine production increased by an estimated 2.3% in 2018. “The increase in world mine production of about 460,000 t copper was principally due to […]

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China sets antidumping measures on steel products from EU, Japan, South Korea, Indonesia; Indonesia also slaps duty on Indian steel

Indonesia and China slapped anti-dumping import duties on each other’s steel products in an escalation of a global tariff row involving one of the world’s most widely used metals. Indonesia extended anti-dumping import duties of up to 20 per cent for a number of flat-rolled iron and steel products from seven countries, including China, Russia […]

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Extreme weather adversely impacts coffee output in last 4 years

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Coffee-producing South Indian states have been witnessing a series of extreme weather events in the last four years. Extreme rainfall causing heavy flood and large-scale landslides in August 2018 in coffee producing areas of Kerala and Karnataka led to a dip of around 20 per cent in the total coffee production. South Indian states like […]

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Thai rice exports rise a per cent on Philippine demand, despite weakening Thai baht: USDA report

Despite the weakening Thai baht from 31.39 baht (U.S. $1.00) to 31.72 baht (U.S. $1.00) last week, export prices for most grades of Thai rice have reportedly increased by 1 per cent primarily due to increase in demand for white rice from the Philippines. Thailand Ministry of Commerce reported that the Philippine government decided to […]

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Indonesia set to become world’s second-largest geothermal energy producer – report

Indonesia has overtaken the Philippines in geothermal power capacity and is set to become the world’s second-biggest after the United States, Indonesia Investments reported. At the end of the first quarter of this year, Indonesia’s installed geothermal power capacity reached 1,925 MW, higher than the 1,868 MW capacity of Philippines. The capacity is expected to […]

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