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As per a report by Resource Capital Research, in 2008, tin production from mines was estimated at ~333kt, up from 320kt in 2007. Of this, 72% was mined in China and Indonesia. Amid financial crisis, tin prices, which peaked at US$25,495/t in May 2008, slumped by more than 50% in five months. The price is [...]
According to Roskill Metals and minerals Report, the market for ground calcium carbonate (GCC) expanded from around 56Mt in 2004 to almost 72Mt in 2007, an average annual growth rate of nearly 9%. The demand was primarily driven by its growing consumption paper and printing industry. World demand for GCC is forecast to continue to [...]
Global demand for Indium has increased substantially over recent years, driven by its main application as Indium tin oxide used in flat panel television and video displays. The metal is also a key component in new generation thin-film solar cells. According to Metal Bulletin, demand for indium for use in third-generation thin film solar cells [...]
Worldwide crude steel production has declined from 1,344 million tonnes in 2007 to 1,329 million tonnes in 2008, representing a decline of 1.1% on a year-on-year basis. During the period 2001-2008, the world crude steel production grew at a CAGR of 7.9%. This growth was mainly driven by emerging countries such as China and India [...]
The global coal market grew by 18.9% in 2007 to reach a value of $312bn. In 2012, the global coal market is forecasted to grow by 14% over 2007 to reach $355.9bn. In volume terms, the global coal market grew by 7.9% in 2007 to touch 6.4 billion short tons. Asia-Pacific accounts for 64.7% of [...]
According to the latest customs data, China exported 2.08 million tonnes of coal in September 2008, down 53.6 % from the 4.48 million tonnes in the same month of last year. After the coal exports hit 6.99 million tonnes in June, the highest in the year, exports began to fall in July and continued to [...]
Crude oil production from Saudi Arabia between February and April 2009 is forecasted to be less than its target of 8 mbd (million barrels per day) set by the OPEC. The kingdom produced 7.95 mbd of crude oil in February. In the entire 2008, crude production stood at 9.3 mbd. In 2009 it is forecast [...]
In September 2008, OPEC agreed to cut crude oil production by 4.2 mbd, about 5% of world’s demand to support oil prices after prices plunged by more than $100 a barrel as recession eroded fuel use. The OPEC members managed to collectively lower production by 3.42 mbd from September to February 2009, thus complying with [...]
The unprecedented growth seen in China has created a strong demand for iron ore. With China’s ongoing infrastructure projects in power stations, ports, highways, and railways, the country needs more iron ore in the coming years. The rapid increase in Chinese steel consumption has created extra demand for iron ore, a key ingredient in the [...]
According to the Brazilian Association of Highly-Recyclable Can Producers, Brazil’s aluminum can industry was expected to grow by 8% in 2008, as the beverage market expanded with the growing economy. It was estimated that 50-60% of the beverage cans sold in Brazil were made from recycled aluminum and around 95% of all cans were recycled [...]
