News

Salt: Adverse weather may reduce Indian salt production and exports in 2021

Higher than average rainfall over the last two monsoons, plus the effects of the COVID-19 pandemic, could reduce Indian salt production in 2020/2021. Indian salt production, nearly all solar, was a record 30Mt in 2018/19, of which some 24.4Mt was produced in Gujarat. A high proportion of production, some 13Mt,… Read more

Nickel: Nickel Mines set to boost NPI capacity in Indonesia

Australia’s Nickel Mines Limited is edging closer to doubling its nickel pig iron (NPI) capacity by acquiring an interest in the Angel Nickel development project at the Indonesia Weda Bay Industrial Park (IWIP) in Indonesia’s North Maluku province, for a total consideration of A$670M (US$490M). The development project will consist… Read more

Cobalt: Trafigura to finance DRC artisanal project with EGC

Trafigura has signed a five-year deal with the Entreprise Générale du Cobalt (EGC) to finance the creation of controlled artisanal mining zones, buying centres and logistics in the DRC. Roskill View In December 2019, it was reported that a new DRC state-owned company was being set up to buy and… Read more

Antimony: Beaver Brook mine closes (again)

The Beaver Brook Antimony Mine (BBAM) in central Newfoundland has suspended its operations and laid off the majority of its employees in the wake of a second wave of COVID-19. The company’s management stated that it is not financially feasible to operate the mine during the pandemic. It notes that… Read more

Ferroalloys: China’s strong recovery continues to drive ferroalloys demand

Members of the Roskill steel alloys team, Nils Backeberg and Ramsey Yavuz, attended the virtual Fastmarkets International Ferroalloys 2020 conference between 9 and 11 November 2020. The conference provided mine-to-steel market analysis and outlook on chromium, manganese, vanadium, silicon, molybdenum and nickel, as well as expectations for future market growth… Read more

Macroeconomics: RCEP agreement creates trade tensions and partnerships

On 15 November, the ten members of the Association of Southeast Asian Nations (ASEAN), along with China, Japan, South Korea, Australia and New Zealand, signed a Regional Comprehensive Economic Partnership (“RCEP”) agreement. Although India had previously pulled out, the agreement still establishes the world’s largest single trade block, covering 30%… Read more

Salt: K+S Group releases Q3 2020 financial data

Reported Q3 2020 revenues for K+S Group fell by around 9% to €821.7M (US$973.3M) from €904.9M (US$1,071.8M) in Q3 2019. In the ”EUROPE+” operating unit, this followed lower potash prices and a weaker US dollar compared to the Euro. In the AMERICAS operating unit, higher prices did not offset lower… Read more

Cobalt, lithium: Mercedes pushes for sustainable supply

To improve the sustainability of its battery manufacturing process, Mercedes recently announced a transition towards responsible sourcing initiatives (RSIs), aimed at its cobalt and lithium supply chains. The company, via its parent, Daimler Group, is seeking to adopt the “Standard for Responsible Mining” as the framework for its supply chain… Read more

Nickel, cobalt: Sumitomo sets date for Ambatovy revival

Sumitomo has announced that it intends to resume operations in February 2021 at its 54% owned Ambatovy nickel-cobalt operation in Madagascar. The mine was placed on care and maintenance in March due to a national lockdown, imposed to control the spread of COVID-19. The other stakeholder in the project is… Read more