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Wednesday, 02 December 20
GLOBAL MINING SECTOR OUTLOOK STABLE DUE TO CHINA'S RECOVERY - FITCH RATINGS
 China’s post-pandemic economic recovery and sizeable infrastructure-focused government stimulus boosted global metals and mining prices, helping to stabilise Fitch Ratings’ expectations for the sector’s performance in 2021. Risks of pandemic-related supply disruptions and slower-than-forecast economic growth will linger next year, but their impact on the sector will be moderate compared with the downturn in 1H20.
Improved demand in the metals and mining sector was primarily driven by a quick recovery in China, fuelled by significant government investments in infrastructure as well as monetary policies that support construction, although a full economic recovery in other regions will take longer. Our stable sector outlook reflects favourable conditions in several important markets, such as iron ore, copper and aluminium. We expect prices to moderate in 2021 and align closer with market fundamentals. Supply-demand dynamics for individual commodities will evolve, reflecting economic growth in various regions and potential supply disruptions driven by pandemic-related restrictions or weather conditions.
Iron ore and gold miners will continue to benefit from robust demand and cash flow generation in 2021. Increasing supply from Brazil is key for reducing the global market deficit, which could be delayed, leading to some upside potential for our price assumptions. We expect the copper and nickel markets to be broadly balanced in the medium term. Demand for nickel, which is used in batteries, could be boosted by the European green recovery pledges that introduce tax breaks and purchase incentives for electric vehicles.
Commodities such as aluminium, zinc, metallurgical coal and thermal coal will remain over-supplied in the near term. Prudent financial policies that could help mitigate emerging risks are key for the ratings in these segments.
Source: Fitch Ratings
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Tuesday, 22 December 20
INDIA'S COAL DEMAND IS SET TO EXPAND DESPITE PLUMMETING IN 2020 - IEA
Coal consumption in India amounted to 979 Mt in 2019, with the largest share being thermal coal (including lignite) for electricity generation (687 ...
Tuesday, 22 December 20
SOUTHEAST ASIA'S COAL DEMAND IS SET TO EXPAND AFTER THE PANDEMIC-INDUCED HIATUS IN 2020 - IEA
Coal consumption in Southeast Asia has more than doubled in the last decade, with the largest growth in Indonesia and Viet Nam, followed by Malaysi ...
Tuesday, 22 December 20
COAL DEMAND IS RISING QUICKLY IN PAKISTAN AND MORE SLOWLY IN BANGLADESH - IEA
Pakistan had 150 MW of installed coal power capacity in 2015. Since 2017, in addition to a few small plants for industry, Pakistan has commissioned ...
Tuesday, 22 December 20
AFRICA PERSPECTIVE INDICATES NO MAJOR SHIFTS FOR COAL CONSUMPTION - IEA
Overall countries on the African continent consumed 197 Mt of coal in 2019, 12 Mt less (-6%) than 2018.
South Africa, the continent& ...
Monday, 21 December 20
COAL PRICES WITHSTAND DESPITE COVID-19 AND CHINESE IMPORT QUOTAS - IEA
Coal prices vary by region as well as by grade and quality. The price rebound starting in 2016 ended in 2018, moving in a downward trend in 2019. A ...
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- AsiaOL BioFuels Corp., Philippines
- OPG Power Generation Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Cement Manufacturers Association - India
- Alfred C Toepfer International GmbH - Germany
- Global Green Power PLC Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- GMR Energy Limited - India
- Kepco SPC Power Corporation, Philippines
- Attock Cement Pakistan Limited
- Intertek Mineral Services - Indonesia
- Siam City Cement PLC, Thailand
- Miang Besar Coal Terminal - Indonesia
- Antam Resourcindo - Indonesia
- Minerals Council of Australia
- Kaltim Prima Coal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- European Bulk Services B.V. - Netherlands
- Semirara Mining Corp, Philippines
- Marubeni Corporation - India
- Singapore Mercantile Exchange
- South Luzon Thermal Energy Corporation
- Chamber of Mines of South Africa
- CIMB Investment Bank - Malaysia
- Gujarat Mineral Development Corp Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Bhushan Steel Limited - India
- Eastern Coal Council - USA
- Toyota Tsusho Corporation, Japan
- Globalindo Alam Lestari - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- SN Aboitiz Power Inc, Philippines
- India Bulls Power Limited - India
- Port Waratah Coal Services - Australia
- Ministry of Finance - Indonesia
- ASAPP Information Group - India
- Price Waterhouse Coopers - Russia
- Riau Bara Harum - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Edison Trading Spa - Italy
- Formosa Plastics Group - Taiwan
- The Treasury - Australian Government
- PetroVietnam Power Coal Import and Supply Company
- Lanco Infratech Ltd - India
- Chettinad Cement Corporation Ltd - India
- The University of Queensland
- Power Finance Corporation Ltd., India
- Sakthi Sugars Limited - India
- Timah Investasi Mineral - Indoneisa
- Therma Luzon, Inc, Philippines
- Wood Mackenzie - Singapore
- Dalmia Cement Bharat India
- Directorate Of Revenue Intelligence - India
- Binh Thuan Hamico - Vietnam
- Gujarat Sidhee Cement - India
- Sojitz Corporation - Japan
- Vedanta Resources Plc - India
- Meenaskhi Energy Private Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- IEA Clean Coal Centre - UK
- Maheswari Brothers Coal Limited - India
- Star Paper Mills Limited - India
- Larsen & Toubro Limited - India
- Indian Oil Corporation Limited
- Thai Mozambique Logistica
- Global Business Power Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kapuas Tunggal Persada - Indonesia
- Essar Steel Hazira Ltd - India
- Trasteel International SA, Italy
- Barasentosa Lestari - Indonesia
- Sindya Power Generating Company Private Ltd
- Sical Logistics Limited - India
- TeaM Sual Corporation - Philippines
- Holcim Trading Pte Ltd - Singapore
- Kobexindo Tractors - Indoneisa
- Karaikal Port Pvt Ltd - India
- McConnell Dowell - Australia
- Bharathi Cement Corporation - India
- Kalimantan Lumbung Energi - Indonesia
- PTC India Limited - India
- Georgia Ports Authority, United States
- Parry Sugars Refinery, India
- SMC Global Power, Philippines
- Meralco Power Generation, Philippines
- Indika Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Renaissance Capital - South Africa
- Rashtriya Ispat Nigam Limited - India
- International Coal Ventures Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Kumho Petrochemical, South Korea
- Interocean Group of Companies - India
- Commonwealth Bank - Australia
- Jaiprakash Power Ventures ltd
- Leighton Contractors Pty Ltd - Australia
- Ind-Barath Power Infra Limited - India
- Heidelberg Cement - Germany
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- San Jose City I Power Corp, Philippines
- Global Coal Blending Company Limited - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- New Zealand Coal & Carbon
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mercuria Energy - Indonesia
- MS Steel International - UAE
- Bangladesh Power Developement Board
- Merrill Lynch Commodities Europe
- Energy Development Corp, Philippines
- Tamil Nadu electricity Board
- Pendopo Energi Batubara - Indonesia
- Videocon Industries ltd - India
- Malabar Cements Ltd - India
- Manunggal Multi Energi - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Oldendorff Carriers - Singapore
- Independent Power Producers Association of India
- Cigading International Bulk Terminal - Indonesia
- Electricity Generating Authority of Thailand
- Vizag Seaport Private Limited - India
- Directorate General of MIneral and Coal - Indonesia
- PNOC Exploration Corporation - Philippines
- The State Trading Corporation of India Ltd
- CNBM International Corporation - China
- Ministry of Mines - Canada
- Jorong Barutama Greston.PT - Indonesia
- Goldman Sachs - Singapore
- Economic Council, Georgia
- Energy Link Ltd, New Zealand
- Bhatia International Limited - India
- Central Java Power - Indonesia
- Anglo American - United Kingdom
- London Commodity Brokers - England
- Metalloyd Limited - United Kingdom
- Sarangani Energy Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Electricity Authority, New Zealand
- Mercator Lines Limited - India
- Posco Energy - South Korea
- Agrawal Coal Company - India
- Rio Tinto Coal - Australia
- Ministry of Transport, Egypt
- Mjunction Services Limited - India
- Coastal Gujarat Power Limited - India
- Bukit Makmur.PT - Indonesia
- Ambuja Cements Ltd - India
- Savvy Resources Ltd - HongKong
- Deloitte Consulting - India
- GAC Shipping (India) Pvt Ltd
- Aboitiz Power Corporation - Philippines
- Latin American Coal - Colombia
- Sinarmas Energy and Mining - Indonesia
- Madhucon Powers Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Vijayanagar Sugar Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Australian Coal Association
- Thiess Contractors Indonesia
- Baramulti Group, Indonesia
- Grasim Industreis Ltd - India
- Orica Mining Services - Indonesia
- Romanian Commodities Exchange
- Karbindo Abesyapradhi - Indoneisa
- Mintek Dendrill Indonesia
- Central Electricity Authority - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Standard Chartered Bank - UAE
- Xindia Steels Limited - India
- Coalindo Energy - Indonesia
- GVK Power & Infra Limited - India
- Indian Energy Exchange, India
- VISA Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- SMG Consultants - Indonesia
- Indonesian Coal Mining Association
- ICICI Bank Limited - India
- Australian Commodity Traders Exchange
- LBH Netherlands Bv - Netherlands
- Altura Mining Limited, Indonesia
- Makarim & Taira - Indonesia
- Africa Commodities Group - South Africa
- Bayan Resources Tbk. - Indonesia
- Sree Jayajothi Cements Limited - India
- Indo Tambangraya Megah - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Petron Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Kohat Cement Company Ltd. - Pakistan
- Bukit Asam (Persero) Tbk - Indonesia
- Borneo Indobara - Indonesia
- Siam City Cement - Thailand
- Aditya Birla Group - India
- Kideco Jaya Agung - Indonesia
- Tata Chemicals Ltd - India
- PowerSource Philippines DevCo
- Jindal Steel & Power Ltd - India
- Eastern Energy - Thailand
- Banpu Public Company Limited - Thailand
- Iligan Light & Power Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Medco Energi Mining Internasional
- Wilmar Investment Holdings
- Parliament of New Zealand
- Carbofer General Trading SA - India
- Uttam Galva Steels Limited - India
- Salva Resources Pvt Ltd - India
- White Energy Company Limited
- Bulk Trading Sa - Switzerland
- Planning Commission, India
- Kartika Selabumi Mining - Indonesia
- Straits Asia Resources Limited - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Indogreen Group - Indonesia
- Simpson Spence & Young - Indonesia
- Coal and Oil Company - UAE
- Bhoruka Overseas - Indonesia
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