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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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Monday, 21 December 20
COAL'S PARTIAL RECOVERY IS SET TO FADE AFTER 2021 - IEA
Global coal consumption is estimated to have fallen by 7%, or over 500 million tonnes, between 2018 in 2020. A decline of this size over a two-year ...
Monday, 21 December 20
A REBOUND IN GLOBAL COAL DEMAND IN 2021 IS SET TO BE SHORT-LIVED, BUT NO IMMEDIATE DECLINE IN SIGHT - IEA
After a major drop in recent years, global coal demand is forecast to rise by 2.6% in 2021 before flattening out to 2025
A global ec ...
Friday, 18 December 20
AUSTRALIA PM WARNS OF ‘LOSE-LOSE’ IN ANY CHINA COAL SHIFT - REUTERS
Australian Prime Minister Scott Morrison said any shift by China away from importing high quality Australian coal would be a “lose-lose&rdquo ...
Friday, 18 December 20
BIG OIL AND COAL EXPORTERS FACE RECKONING AS PARIS AGREEMENT TURNS FIVE - CNA
On Dec 12, more than 70 global leaders came together at the UN’s Climate Ambition Summit, marking the fifth anniversary of the Paris Agreemen ...
Friday, 18 December 20
SOUTH AFRICAN COAL EXPORTERS LARGELY DEPENDENT ON THE ASIAN MARKETS - BANCHERO COSTA
South Africa is the fourth largest exporter of coal in the world, after Australia, Indonesia and Russia. In calendar 2019 the country exported a to ...
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- Orica Australia Pty. Ltd.
- Interocean Group of Companies - India
- Pendopo Energi Batubara - Indonesia
- Wilmar Investment Holdings
- MS Steel International - UAE
- ASAPP Information Group - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Xindia Steels Limited - India
- Chamber of Mines of South Africa
- Bukit Makmur.PT - Indonesia
- Binh Thuan Hamico - Vietnam
- Aditya Birla Group - India
- Ministry of Mines - Canada
- Tata Chemicals Ltd - India
- Ministry of Finance - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- European Bulk Services B.V. - Netherlands
- The University of Queensland
- AsiaOL BioFuels Corp., Philippines
- TNB Fuel Sdn Bhd - Malaysia
- The Treasury - Australian Government
- Coalindo Energy - Indonesia
- Siam City Cement - Thailand
- Minerals Council of Australia
- Thai Mozambique Logistica
- Manunggal Multi Energi - Indonesia
- Timah Investasi Mineral - Indoneisa
- India Bulls Power Limited - India
- Sree Jayajothi Cements Limited - India
- CNBM International Corporation - China
- Sinarmas Energy and Mining - Indonesia
- Kartika Selabumi Mining - Indonesia
- Port Waratah Coal Services - Australia
- Africa Commodities Group - South Africa
- Petrochimia International Co. Ltd.- Taiwan
- Bulk Trading Sa - Switzerland
- Leighton Contractors Pty Ltd - Australia
- LBH Netherlands Bv - Netherlands
- Romanian Commodities Exchange
- Rio Tinto Coal - Australia
- Sical Logistics Limited - India
- Deloitte Consulting - India
- Baramulti Group, Indonesia
- CIMB Investment Bank - Malaysia
- Kalimantan Lumbung Energi - Indonesia
- White Energy Company Limited
- Larsen & Toubro Limited - India
- Gujarat Sidhee Cement - India
- Karaikal Port Pvt Ltd - India
- Posco Energy - South Korea
- Parliament of New Zealand
- Vijayanagar Sugar Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Indika Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- Energy Development Corp, Philippines
- Straits Asia Resources Limited - Singapore
- Global Coal Blending Company Limited - Australia
- PTC India Limited - India
- Attock Cement Pakistan Limited
- Coastal Gujarat Power Limited - India
- Bhatia International Limited - India
- Siam City Cement PLC, Thailand
- PNOC Exploration Corporation - Philippines
- Intertek Mineral Services - Indonesia
- London Commodity Brokers - England
- Jorong Barutama Greston.PT - Indonesia
- Star Paper Mills Limited - India
- Banpu Public Company Limited - Thailand
- Cement Manufacturers Association - India
- Sarangani Energy Corporation, Philippines
- Central Java Power - Indonesia
- Mintek Dendrill Indonesia
- Singapore Mercantile Exchange
- Ministry of Transport, Egypt
- Mjunction Services Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Antam Resourcindo - Indonesia
- Petron Corporation, Philippines
- Coal and Oil Company - UAE
- Kapuas Tunggal Persada - Indonesia
- OPG Power Generation Pvt Ltd - India
- Economic Council, Georgia
- Meralco Power Generation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Orica Mining Services - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Mercuria Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Kohat Cement Company Ltd. - Pakistan
- Samtan Co., Ltd - South Korea
- Ambuja Cements Ltd - India
- Alfred C Toepfer International GmbH - Germany
- GVK Power & Infra Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Essar Steel Hazira Ltd - India
- IHS Mccloskey Coal Group - USA
- Georgia Ports Authority, United States
- Miang Besar Coal Terminal - Indonesia
- GMR Energy Limited - India
- Energy Link Ltd, New Zealand
- Videocon Industries ltd - India
- Renaissance Capital - South Africa
- Aboitiz Power Corporation - Philippines
- Anglo American - United Kingdom
- Eastern Energy - Thailand
- Iligan Light & Power Inc, Philippines
- Barasentosa Lestari - Indonesia
- Chettinad Cement Corporation Ltd - India
- SMG Consultants - Indonesia
- TeaM Sual Corporation - Philippines
- Tamil Nadu electricity Board
- Vizag Seaport Private Limited - India
- Agrawal Coal Company - India
- Vedanta Resources Plc - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kaltim Prima Coal - Indonesia
- Savvy Resources Ltd - HongKong
- Bukit Baiduri Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Electricity Generating Authority of Thailand
- Independent Power Producers Association of India
- South Luzon Thermal Energy Corporation
- Kideco Jaya Agung - Indonesia
- International Coal Ventures Pvt Ltd - India
- Electricity Authority, New Zealand
- Lanco Infratech Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Parry Sugars Refinery, India
- Marubeni Corporation - India
- Trasteel International SA, Italy
- Bayan Resources Tbk. - Indonesia
- Billiton Holdings Pty Ltd - Australia
- The State Trading Corporation of India Ltd
- Oldendorff Carriers - Singapore
- Metalloyd Limited - United Kingdom
- San Jose City I Power Corp, Philippines
- ICICI Bank Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Pipit Mutiara Jaya. PT, Indonesia
- Borneo Indobara - Indonesia
- Ind-Barath Power Infra Limited - India
- SMC Global Power, Philippines
- Indian Oil Corporation Limited
- McConnell Dowell - Australia
- Price Waterhouse Coopers - Russia
- Riau Bara Harum - Indonesia
- Edison Trading Spa - Italy
- Salva Resources Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Bhoruka Overseas - Indonesia
- Indogreen Group - Indonesia
- GAC Shipping (India) Pvt Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- Power Finance Corporation Ltd., India
- Sindya Power Generating Company Private Ltd
- Kobexindo Tractors - Indoneisa
- Merrill Lynch Commodities Europe
- Latin American Coal - Colombia
- Global Green Power PLC Corporation, Philippines
- Kumho Petrochemical, South Korea
- Standard Chartered Bank - UAE
- Wood Mackenzie - Singapore
- Madhucon Powers Ltd - India
- Central Electricity Authority - India
- Jindal Steel & Power Ltd - India
- VISA Power Limited - India
- Globalindo Alam Lestari - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Global Business Power Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bangladesh Power Developement Board
- Goldman Sachs - Singapore
- Malabar Cements Ltd - India
- Thiess Contractors Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Meenaskhi Energy Private Limited - India
- Jaiprakash Power Ventures ltd
- Mercator Lines Limited - India
- Kepco SPC Power Corporation, Philippines
- Bhushan Steel Limited - India
- Sakthi Sugars Limited - India
- Maheswari Brothers Coal Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Indian Energy Exchange, India
- Therma Luzon, Inc, Philippines
- Sojitz Corporation - Japan
- IEA Clean Coal Centre - UK
- Carbofer General Trading SA - India
- Makarim & Taira - Indonesia
- Indonesian Coal Mining Association
- Altura Mining Limited, Indonesia
- Ceylon Electricity Board - Sri Lanka
- Planning Commission, India
- Australian Coal Association
- New Zealand Coal & Carbon
- Commonwealth Bank - Australia
- Indo Tambangraya Megah - Indonesia
- Heidelberg Cement - Germany
- Bharathi Cement Corporation - India
- PowerSource Philippines DevCo
- Medco Energi Mining Internasional
- Semirara Mining and Power Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Formosa Plastics Group - Taiwan
- Karbindo Abesyapradhi - Indoneisa
- Eastern Coal Council - USA
- SN Aboitiz Power Inc, Philippines
- Dalmia Cement Bharat India
- Bukit Asam (Persero) Tbk - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Semirara Mining Corp, Philippines
- Grasim Industreis Ltd - India
- Australian Commodity Traders Exchange
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