The government is planning to amend the Coal Bearing Act (CBA), 1957 to allow land acquisition for commercial coal mining by private sector players. “The proposal is currently in the consultation stage in the ministry, but if the Parliament approves it, such land can be acquired under CBA and...
Mining operations in Asia and the Americas were hardest hit by government regulations implemented to stymie the spread of Covid-19, and are the regions that will register the largest declines in mineral production growth this year. This is according to a new report by Fitch Solutions, which states...
https://www.hellenicshippingnews.com/covid-19-hurt-mining-in-asia-and-the-americas-most/
World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 152.7 million tonnes (Mt) in July 2020, a 2.5% decrease compared to July 2019. Due to the ongoing difficulties presented by the COVID-19 pandemic, many of this month’s figures are estimates...
China’s steel sector registered record high output last month on surging domestic demand due to a flurry of infrastructure projects, industry data showed, as the country introduced massive stimulus measures to help the economy recover from the COVID-19 outbreak. Crude steel output rose by about 9.1...
German crude steel production dropped sharply for the fourth consecutive month in July to levels last hit during the financial crisis, posting a 24.7% year-on-year fall to 2.4 million mt, German steel federation WV Stahl said Aug. 24. Month on month, crude steel production dropped 2.1%....
https://www.hellenicshippingnews.com/german-crude-steel-output-drops-sharply-again-in-july/
India’s soybean production could jump by 32% in 2020 to 12.25 million tonnes from a year earlier due to higher area under the oilseed and as the yields are expected to rise on ample monsoon rainfall, a leading trade body said on Friday. Increased production of India’s main summer-sown oilseed could...
China’s efforts to approve new infrastructure projects and accelerate construction remained strong in July which, combined with fiscal stimulus measures in recent months, looks set to help steel demand from the infrastructure sector strengthen further in the second half of 2020. China approved 14...
Iron ore prices may extend their steep gains in coming weeks, buoyed by speculators and supply chain disruptions, but rising supplies are set to eventually undermine the rally. Iron ore is one of the top performing assets this year, with futures on China’s Dalian Commodity Exchange surging by more...
Iron ore prices have soared to multi-year highs this week as Chinese government stimulus spurs infrastructure building, boosting prices of the commodity even amid a global pandemic. Spot iron ore prices rose to around $130 a dry metric ton on Tuesday, according to commodity price reporting agency...
It may be a bit of an oversimplification, but in the current situation of the global coronavirus pandemic the world of commodities is effectively split between China and the rest. Nowhere is this more clearly illustrated than in the results of top global miners BHP Group and Rio Tinto. BHP, the...