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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, 26 October 20
'LONG ASCENT' TO RECOVERY OF GLOBAL GROWTH - BALTIC EXCHANGE
The global economy has so far avoided a “financial catastrophe” but growth projections from the International Monetary Fund’s lat ...
Friday, 23 October 20
SHIPPING LOANS AND COLLATERAL DAMAGE - VICTOR ONYEGBADO, AKABOGU & ASSOCIATES
KNOWLEDGE TO ELEVATE
Shipping finance transactions are characterised by peculiar risk factors principally on account of the shipping asset&rsq ...
Friday, 23 October 20
WHAT WILL THE 2020 ELECTIONS MEAN FOR US ENERGY? - WOOD MACKENZIE
The 2020 elections present American voters with a choice between two radically different visions for the future of energy. President Donald Trump r ...
Wednesday, 21 October 20
BRAZIL EXPORTED 238.7 MLN TONNES OF IRON ORE IN THE FIRST 9 MONTHS OF 2020 - BANCHERO COSTA
Brazil’s iron ore exports have been gradually but steadily recovering following a disastrous winter period of 2019/2020. In the first 9 month ...
Wednesday, 21 October 20
INDIA: THE COMMERCIALISATION OF COAL BLOCKS WILL BENEFIT THE ECONOMY - HINDU BUSINESS LINE
As the government of India receives 76 bids for 23 coal mines against the 38 up on auction, what does this commercialisation of coal block allocati ...
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Siam City Cement PLC, Thailand
- Romanian Commodities Exchange
- Banpu Public Company Limited - Thailand
- Heidelberg Cement - Germany
- Savvy Resources Ltd - HongKong
- Latin American Coal - Colombia
- Globalindo Alam Lestari - Indonesia
- Grasim Industreis Ltd - India
- Aditya Birla Group - India
- The University of Queensland
- Bhushan Steel Limited - India
- Dalmia Cement Bharat India
- Medco Energi Mining Internasional
- Attock Cement Pakistan Limited
- Bhoruka Overseas - Indonesia
- Electricity Generating Authority of Thailand
- Bukit Makmur.PT - Indonesia
- Malabar Cements Ltd - India
- Independent Power Producers Association of India
- Formosa Plastics Group - Taiwan
- Parry Sugars Refinery, India
- Bayan Resources Tbk. - Indonesia
- Bhatia International Limited - India
- Sinarmas Energy and Mining - Indonesia
- Kobexindo Tractors - Indoneisa
- Altura Mining Limited, Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Videocon Industries ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Africa Commodities Group - South Africa
- Larsen & Toubro Limited - India
- Coastal Gujarat Power Limited - India
- Coal and Oil Company - UAE
- SN Aboitiz Power Inc, Philippines
- Sakthi Sugars Limited - India
- Gujarat Electricity Regulatory Commission - India
- Anglo American - United Kingdom
- Meenaskhi Energy Private Limited - India
- GN Power Mariveles Coal Plant, Philippines
- IHS Mccloskey Coal Group - USA
- Georgia Ports Authority, United States
- Kartika Selabumi Mining - Indonesia
- Manunggal Multi Energi - Indonesia
- McConnell Dowell - Australia
- Samtan Co., Ltd - South Korea
- Wilmar Investment Holdings
- Mjunction Services Limited - India
- International Coal Ventures Pvt Ltd - India
- Coalindo Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Siam City Cement - Thailand
- Barasentosa Lestari - Indonesia
- Central Electricity Authority - India
- Directorate General of MIneral and Coal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Straits Asia Resources Limited - Singapore
- Deloitte Consulting - India
- Cement Manufacturers Association - India
- India Bulls Power Limited - India
- Borneo Indobara - Indonesia
- The State Trading Corporation of India Ltd
- Gujarat Mineral Development Corp Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Bahari Cakrawala Sebuku - Indonesia
- Mercator Lines Limited - India
- Goldman Sachs - Singapore
- Kumho Petrochemical, South Korea
- Bukit Baiduri Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Metalloyd Limited - United Kingdom
- Gujarat Sidhee Cement - India
- Timah Investasi Mineral - Indoneisa
- Pipit Mutiara Jaya. PT, Indonesia
- Antam Resourcindo - Indonesia
- Lanco Infratech Ltd - India
- Semirara Mining Corp, Philippines
- Ind-Barath Power Infra Limited - India
- Indian Energy Exchange, India
- Australian Coal Association
- Global Business Power Corporation, Philippines
- Mercuria Energy - Indonesia
- Standard Chartered Bank - UAE
- Intertek Mineral Services - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Uttam Galva Steels Limited - India
- Global Green Power PLC Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Trasteel International SA, Italy
- AsiaOL BioFuels Corp., Philippines
- Commonwealth Bank - Australia
- South Luzon Thermal Energy Corporation
- Orica Australia Pty. Ltd.
- Essar Steel Hazira Ltd - India
- Karaikal Port Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Petron Corporation, Philippines
- Ministry of Mines - Canada
- Tamil Nadu electricity Board
- Indogreen Group - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Kepco SPC Power Corporation, Philippines
- Agrawal Coal Company - India
- Iligan Light & Power Inc, Philippines
- Bharathi Cement Corporation - India
- ICICI Bank Limited - India
- Rio Tinto Coal - Australia
- Singapore Mercantile Exchange
- Holcim Trading Pte Ltd - Singapore
- Sojitz Corporation - Japan
- Star Paper Mills Limited - India
- OPG Power Generation Pvt Ltd - India
- Australian Commodity Traders Exchange
- Ministry of Transport, Egypt
- Toyota Tsusho Corporation, Japan
- Interocean Group of Companies - India
- Salva Resources Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ministry of Finance - Indonesia
- LBH Netherlands Bv - Netherlands
- Kaltim Prima Coal - Indonesia
- Indian Oil Corporation Limited
- London Commodity Brokers - England
- Madhucon Powers Ltd - India
- VISA Power Limited - India
- Vizag Seaport Private Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Riau Bara Harum - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Central Java Power - Indonesia
- GAC Shipping (India) Pvt Ltd
- Energy Development Corp, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kapuas Tunggal Persada - Indonesia
- Sindya Power Generating Company Private Ltd
- Jorong Barutama Greston.PT - Indonesia
- Sree Jayajothi Cements Limited - India
- Xindia Steels Limited - India
- Thiess Contractors Indonesia
- Eastern Energy - Thailand
- Vedanta Resources Plc - India
- The Treasury - Australian Government
- Energy Link Ltd, New Zealand
- Economic Council, Georgia
- Oldendorff Carriers - Singapore
- Tata Chemicals Ltd - India
- SMG Consultants - Indonesia
- IEA Clean Coal Centre - UK
- White Energy Company Limited
- Power Finance Corporation Ltd., India
- Krishnapatnam Port Company Ltd. - India
- Wood Mackenzie - Singapore
- Mintek Dendrill Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- MS Steel International - UAE
- Parliament of New Zealand
- Sical Logistics Limited - India
- Therma Luzon, Inc, Philippines
- Electricity Authority, New Zealand
- Edison Trading Spa - Italy
- Planning Commission, India
- PTC India Limited - India
- Bulk Trading Sa - Switzerland
- Orica Mining Services - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- CNBM International Corporation - China
- Sarangani Energy Corporation, Philippines
- ASAPP Information Group - India
- TNB Fuel Sdn Bhd - Malaysia
- Miang Besar Coal Terminal - Indonesia
- Bangladesh Power Developement Board
- Carbofer General Trading SA - India
- Chettinad Cement Corporation Ltd - India
- Jindal Steel & Power Ltd - India
- Thai Mozambique Logistica
- Marubeni Corporation - India
- Port Waratah Coal Services - Australia
- Price Waterhouse Coopers - Russia
- Pendopo Energi Batubara - Indonesia
- Renaissance Capital - South Africa
- Eastern Coal Council - USA
- GMR Energy Limited - India
- PowerSource Philippines DevCo
- Posco Energy - South Korea
- Meralco Power Generation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Ceylon Electricity Board - Sri Lanka
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Binh Thuan Hamico - Vietnam
- Minerals Council of Australia
- San Jose City I Power Corp, Philippines
- Alfred C Toepfer International GmbH - Germany
- Maheswari Brothers Coal Limited - India
- Baramulti Group, Indonesia
- Indika Energy - Indonesia
- Jaiprakash Power Ventures ltd
- Indonesian Coal Mining Association
- Kideco Jaya Agung - Indonesia
- Ambuja Cements Ltd - India
- SMC Global Power, Philippines
- PetroVietnam Power Coal Import and Supply Company
- CIMB Investment Bank - Malaysia
- Chamber of Mines of South Africa
- Makarim & Taira - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Global Coal Blending Company Limited - Australia
- New Zealand Coal & Carbon
- GVK Power & Infra Limited - India
- Simpson Spence & Young - Indonesia
- European Bulk Services B.V. - Netherlands
- Billiton Holdings Pty Ltd - Australia
- Merrill Lynch Commodities Europe
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