sábado, 5 de enero de 2019

China slowdown a big threat to industrial metals in 2019 — analyst

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Mining News Digest
Saturday 5 January 2019
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With metals ringing off the new year on a weak note, both price- and demand-wise, BMO Metals says the main questions for 2019 revolve around China and whether its government is doing enough to slow the country's economic contraction.

There are real costs associated with conducting project cost estimates in-house.

The Democratic Republic of Congo is in uncharted waters as the nation awaits election results marking the end of President Joseph Kabila's rule.

Transaction includes the sale of Metso Spain Holding, S.L.U, including operations in Bilbao and Seville, Spain.

Chinese steel futures rose on Friday buoyed by expectations that steel mills would replenish their stocks of the raw material.

Mining companies have been demanding Zambia pay the $550-$600 million due to them in Value Added Tax (VAT) refunds.

China launched the crackdown on the rare earth sector in 2009, with authorities claiming that illegal activities drove down global prices and made it impossible to cover the huge environmental costs of production.

The mine became flooded after at least 15 miners went down the narrow pit on Dec. 13.

The revision means that output of cobalt rose 35.9 percent compared to the same period in 2017, rather than 92.5 percent as the bank said previously.

Hedge-fund contrarian Crispin Odey's bearish bets finally paid off as the stock-market selloff he had long predicted kicked in.

Merger-and-acquisition activity in Canada is expected to strengthen in 2019 as a slump in oil prices could fuel consolidation among energy companies and cannabis deals gain momentum.

Global demand for cobalt is rocketing, with the rate of annual increase now at 8-10%.

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