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Rising Packaging Industry Demand to Embolden Development of Petrochemicals Globally

Posted on 19 September 2017 by KenResearch Metal Mining and Chemical ,

Chemicals products which are derived from petroleum are called petrochemicals. The other name for petrochemical is petroleum distillates. Fossil fuels like coal or natural gas and renewable resources like corn or sugarcane can derive same chemicals components as phytochemicals but still they are not included in petrochemicals industry.

The market is segmented into propylene, butadiene, Toluene, styrene, xylene, benzene, methanol, ethylene and vinyl. On the basis of region the market is segmented into North America, Europe, China, Middle East & Africa and Latin America. Petrochemicals are the end-users of various industries like- automobile, packaging and construction. The market is fragmented by many multinational corporations.

According to the report, “Petrochemicals Market Global Report 2017”, in 2016, with around 66% market share, Asia has been observed to account for the largest region in the petrochemical market. Robust manufacturing industry has led Asia to become the largest market as a major user of petrochemicals. China and Southeast Asia have been the prominent regions to use petrochemicals. With around 18% market share, Europe has become the second largest region all over the globe and with about 13% market share; America followed the third largest region in the market of petrochemicals.

Asian government is looking for incentivizing the petrochemical manufacturing market so that the companies of petrochemical can invest without fear. There are various trends in the petrochemical market that are being witnessed. There has been an encouragement for regulatory policies as the demand of propylene products has increased. Increase in growth and investment opportunity has been noticed due to utilization of coal and shale gas in the petrochemical market.

BASF SE, Exxon Mobil, Shell Chemical Company, The Dow Chemical Company, and Chevron Phillips Chemical Company are some of the top players in petrochemicals market globally.

In the forecast period, the key driver of petrochemical industry would be the increase in demand from packaging industry as the global demand for plastic packaging has been increasing strongly. Packaging market has been the leading end-user for numerous petrochemicals around the globe and the industry has shown considerable growth in terms of revenue and will continue to increase in future as well. In terms of technology and designs, the packaging industry is growing rapidly and touching heights.

However, growing environmental concerns would act as major challenges to be faced by manufacturers especially. The use of petrochemicals is expected to decline in future because of rapidly growing global warming and population. Also, depleting crude oil reserves is foreseen to be a big challenge. Anyhow, due to increasing awareness regarding environment safety and use of bio-based chemicals, a growth has been registered in this market and is expected to occur at an ameliorated pace in future years as well.

 

To know more about the research report:

https://www.kenresearch.com/metal-mining-and-chemicals/chemicals/petrochemicals-global-report/122995-101.html

 

Related reports:

Asia-Pacific Dispersants Market by Manufacturers, Regions, Type and Application, Forecast to 2022

Asia-Pacific Cetrimide Market by Manufacturers, Regions, Type and Application, Forecast to 2022 

 

Contact Us: 
Ken Research
Ankur Gupta, Head Marketing & Communications
ankur [@] kenresearch.com
+91-9015378249
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Government Prioritization to Enhance the Vietnam Chemical Industry Outlook : Ken Research

Posted on 03 November 2016 by KenResearch Metal Mining and Chemical ,

Ken Research announced its latest publication on, Vietnam Chemicals Report 2015 offer insights on the changing trends and key issues within the Vietnam Chemical Industry. The publication includes an insightful analysis of production-consumption behavior, export-import & technological scenario, leading players and regulatory framework & related trade agreements within Vietnam Chemical Industry. The analysis of the aforementioned trends has been done across eight product categories within the industry: Fertilizer and Nitrogen, Detergent, Pants and Printing Ink, Synthetic Rubber and Polymer, Plant Protection Chemical, Basic Chemical, Synthetic Fibres and Other.

Economic Environment of Vietnam

Vietnam is one of the most outperforming economies in the Southeast Asia. As per the World Bank, “Vietnam is a development success story”. Gradually the economy of Vietnam has transformed into a more liberalized and market-oriented one, while boosting its integration with the global economy by entering into FTA with EEU & EU, among other steps taken. Under the environment of communist dictatorship, the economic liberalization started in 1986 with the ‘doi moi’ reforms which included privatization & reduction of state control enterprises, opening up of the trade and easing of investment policies, along with rejuvenation of the financial sector. Vietnam is also a party in the Trans-Pacific Partnership, which will lead to further economic liberalization.

Looking at the current macroeconomic scenario in Vietnam, in 2016, the country is home to 90.6 million people. Its GDP has been one of the fastest growing one since 1990. With 6% GDP growth rate and USD 510.7 Billion GDP (PPP), it has a global ranking of 131st and regional ranking of 27th in the Asia-Pacific region.Agriculture, Tourism industry and exports are the main contributors to the GDP growth. Domestic consumption and investment has expanded with increasing rates over the last two years. Looking at the foreign investment, the influx is limited since the economic activities are largely state-owned where govt. shields foreign investment, even restricting it in some sectors of the economy. Currently FDI inflows amount to 9.2 billion USD.Persistent inflation is also a disincentive to long-term investment. Exports and imports have performed miraculously with both amounting to approx. 160 billion USD in 2015. Despite this success story of liberalization, lack of democratic governance and state-owned enterprises continues to be a major challenge to the economic growth of the country.

Brief Overview of the Vietnam Chemical Industry

Chemical industry, globally, is considered as one of the most crucial economic sector, important to the development and expansion of other industries and hence for the growth of the overall economy. Recognizing the industry as key contributor to the economic growth, the govt. of Vietnam, as a most recent step towards it, has also planned for developmental strategies and objectives for the emerging Vietnam Chemical Industry via Decision 207/2005/QD-TTg, with a look towards 2020.Under this decision, special attention is given to the main domains such as fertilizer, common and special-use rubber, base chemicals (including both organic and inorganic chemicals), petro-chemistry, pure chemicals, pharmaceutical chemistry, and consumer chemicals to meet global and domestic demand. The plan also aims at the development and use of advanced technology for producing better quality chemicals at low costs and to reduce its adverse impacts on the environment.

Looking at the current landscape, the Vietnam Chemical Industry is in its infancy stage. Although it is exhibiting strong growth performance with 19.25% growth rate in 2010-14, still, being an infant industry, the domestic demand is not met and hence heavy chemical imports have to be made. Among various imports made to the country, Chemicals are ranked 11th with a revenue of 1.94 billion US dollars.A categorical look at the product market implies: Fertilizers & Nitrogen contributes the highest (30%) in the industry’s revenue, followed by Detergents, while synthetic fibres contribute little to it. Fertilizers and Detergents are high growth rates category while Plant Protection Chemicals have shown slowdown in both volume & value terms. The growth of the industry can be accounted to the increased demand and govt. priority to it. Also, the industry suffers from weaknesses such as inability to supply input materials and inferior technology machinery systems, among others.Sector-specific risks, especially risk of safety in use and risk of environmental pollution also challenges the growth of the industry. This ultimately leads to increased investment due to increased spending on labor protection, fire prevention as well as water treatment systems, creating barriers to entry and hence medium level of competitiveness in the industry. Despite these challenges, the industry faces full opportunities to growth on account of govt. development plan, increasing integration with the global chemical market, urbanization and population growth leading to increased demand for chemicals.

Major Market Players in the Vietnam Chemical Industry

High investment cost has kept the competitiveness at medium level in the Vietnam Chemical Industry. Domestic producers run small and medium scale operation; and faces intense competition from multinational corporations having financial strength, advance technological as well as better marketing strategies. In product categories such as Detergents, Plant Protection Chemical and etc., multinational corporations almost dominate the domestic market. Domestic producers mainly process for multinational corporations and find niche markets to survive.

Some of the leading market players include: PetroVietnam Ca Mau Fertilizer JSC (DCM), Petrovietnam Fertilzer and Chemicals Corporation (DPM), Lam Thao Superphosphate Fertilizer and Chemicals JSC (LAS), Southern Basic Chemicals JSC, LIX Detergent JSC (LIX), Dry Cell & Storage Battery Joint Stock Company (PAC), Saigon Plan Protection JSC (SPC), Duc Giang Chemical and Detergent JSC (DGC), Vietnam Fumigation Groups (VFG), Binh Dien Fertilizer JSC (BFC). Foreign-invested companies such as Lever Vietnam and P&G also have presence in the industry. In 2014, Petro Vietnam Fertilizer and Chemicals Corporation (DPM) overtook other market players in terms of gross profit margin (25%), followed by Petro Vietnam Ca Mau Fertilizer JSC (DCM); however, from shareholders’ point of view, the market was dominated by Binh Dien Fertilizer JSC (BFC) with 38% Return of Equity (ROE).

Vietnam Chemical Industry Prospects

Although the Vietnam Chemical Industry is in its infant stage, the strong growth performance of the industry in recent years, paints a promising picture for the future of the industry. The industry is expected to witness substantial growth in coming years as well, even ahead of the GDP growth rates. With more and more liberalization of the economy and lowering of investment cost on account of advance technology, the industry is expected to see more foreign as well as domestic producers entering the chemical industry. Key factors driving future growth of Vietnam Chemical Industry:

  • government development plan
  • increasing integration with the global chemical market
  • urbanization and population growth leading to increased demand for chemicals
  • WTO membership & FTA with several regions including EU
  • Cooperation with Japan & UNDP

Hence, through strategically dealing with the challenges and weaknesses of the industry along with exploiting potential growth opportunities, the Vietnam Chemical Industry can contribute to sustainable economic development of the country.

Key Topics Covered in the Report

  • Detailed profile Global, Regional & Vietnam Chemical Industry
  • Overall and category wise production & consumption analysis of Vietnam Chemical Industry
  • Export-Import scenario and technology analysis within each product category
  • Comprehensive overview of the current business environment
  • Competitive landscape of the Vietnam Chemical Industry
  • Regulatory framework applicable to the Vietnam Chemical Industry
  • Forecasts about global and domestic chemical industry.

To know more on coverage, click on the link below:

https://www.kenresearch.com/metal-mining-and-chemicals/chemicals/vietnam-chemicals-report/31966-101.html

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Contact:

Ken Research

Ankur Gupta, Head Marketing & Communications

query@kenresearch.com

+91-124-4230204

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Demand for chemicals is surpassing supply in Vietnam: Ken Research

Posted on 25 October 2016 by KenResearch Metal Mining and Chemical ,

The report titled “VIETNAM CHEMICALS STANDARD REPORT Q2/2016” provides a comprehensive review about the global and Vietnam chemical industry which includes Overall scenario of the global, regional, domestic economies, with America, China, and Germany described.

Chemicals are used for manufacturing various products.  It plays an important role in the economic development of the country. From 2010-2014, chemicals industry in Vietnam witnessed a high growth. Demand for chemicals is more than the supply in Vietnam thus it needs to import chemicals to fulfill the input requirement of chemicals for various industries.

Overview of Vietnam’s Chemical Industry

Chemicals industry is adding to the GDP growth. Chemicals industry registered high growth rate of 19.25% from 2010-2014. Vietnam’s exports are lower in comparison to imports due to out-dated technology in Vietnam but exports are expected to increase in the forecast period. Chemicals are ranked 11th in the list of top imported items. Vietnam’s chemical industry is unable to supply input material to the various industries and imports most of it from China. There are various reason for the low productivity of chemicals. Vietnam does not have high end technological equipments. If we compare the technology in Vietnam with that of the other countries’, it’s far away in the line, thus the low productivity and need for imports.

 The top chemical companies in Vietnam are: Petro Vietnam Fertilizer and Chemicals Corporation (PVFCCO). It is awarded for the consecutively 4th time as ‘Top 50 best listed companies in Vietnam’ and maintained outstanding growth in the challenging years. Company’s revenue in 2015 is VND 10,047 billion and profit after tax is VND 1.48 billion. The other competitor company is Petro Vietnam Ca Mau Fertilizer JSC. It manufactures and supplies granular urea in Vietnam. It also owns and operates plant with 8,00,000 tons of fertilizers. Binh Dien Fertilizer JSC is also considered as the top company. It is engaged in manufacturing and trading of agricultural chemicals. Company exports its products to other countries as well. Leading products are nitrogen-phosphorus-potassium (NPK) fertilizers.

Benefits of chemicals:

  • Increases agricultural productivity
  • Used as an input to various industries
  • Helps in fruit ripening
  • Used as preservatives

Key Drivers in Chemical Industry

  • Demand and supply for chemicals
  • Used in which product
  • Technology
  • Government regulations

Future of Commercial Real Estate Industry

Vietnam’s chemical industry is expected to grow at high rate in the coming years. Looking at the demand for chemicals, Vietnam will soon replace the outdated technology. Thus, there will be sufficient amount of chemicals to meet the domestic requirement of inputs and lower imports. This will improve Vietnam’s balance of payments and there will be low current account deficit which will improve the economic situation of the country.  Growth of various industries is associated with the growth of chemical industry because chemicals act as an input in production of various goods.

To know more on “Chemical industry report in Vietnam” click on following link:

https://www.kenresearch.com/metal-mining-and-chemicals/chemicals/vietnam-chemicals-standard/39449-101.html

Related links:

https://www.kenresearch.com/agriculture-and-animal-care/crop-protection/vietnam-fertilizer-standard/39448-104.html

https://www.kenresearch.com/agriculture-and-animal-care/crop-protection/vietnam-fertilizer-market-research-report/451-104.html

Contact:

Ken Research

Ankur Gupta, Head Marketing & Communications

query@kenresearch.com

+91-124-4230204

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Rapid Industrialization Triggering China Boiler Industry: Ken Research

Posted on 20 October 2016 by KenResearch Metal Mining and Chemical ,

The research report titled “RESEARCH REPORT ON BOILER INDUSTRY IN CHINA, 2011-2020” gives detailed information on Supply and Demand of Industrial Boilers in China. It highlights Policies Published by Chinese Government Concerning Boiler Industry and competition exists in the market. Major Boiler Manufacturers in China and Boiler Industry forecast has also been discussed in detail.

According to Ken Research ,China’s environmental pollution has become more alarming resulting in governments at different levels to take rigorous steps like restricting the use of coal fired boilers and providing subsidies to companies for coal-to-gas transformations. This benefits the gas fired boilers as they rapidly take up the market share of coal fired ones. It is not economically viable to transform several sets of coal fired boilers into one set of gas fired ones without government subsidies. Reducing the use of coal while promoting gas will be a fast and an effective way to solve air pollution. During 2007-2013, industrial boiler output posted a CAGR OF 16.3%. China’s boiler ownership and capacity both rank first around the world and China’s energy efficiency would be among the highest in the world. In 2013, China’s industrial boiler output kept on growing, surging by 16.71% year-on-year.

Raw coal is the coal used for industrial boilers which is used without washing or extracting and contains high percentage of dust and sulfur with relatively large molecule sizes. Therefore it causes pollution emission level to be high (around 45%-65%) of urban air pollution and combustion efficiency of burning coal is low.

Although coal is a major input for industrial production and most often used in daily life in China but as seen from the above figure, the proportion of coal expects to decrease from 68.1% in 2010 to 59.5% in 2030 under the BAU scenario. In contrast the shares of natural gas and renewable energy are estimated to increase from 3.4% and 9.3% in 2010 to 5.5% and 15.8% in 2030

It has been forecasted that most energy-intensive products for infrastructure construction will increase until 2020 whereas the products which are closely related to everyday life are expected to increase until 2030, although at a declining rate. In 2004, the National Development and Reform Commission released the Special Plan for Medium and Long Term Energy Conservation which targeted comprehensive energy efficiency of most energy-intensive products to reach the average level of developed countries by 2020.

According to Ken Research  There are over 5,000 boiler producers in China, involving more than 500 Grade A companies, around 800 Grade B ones, about 2,000 Grade C ones and more than 1,600 Grade D ones. 
Industrial boiler requires lower manufacturing qualification than power station boiler, which is the reason why such a large number of producers are equipped in the industrial boiler area like Taishan Group, Jianglian Heavy Industry, Hangzhou Boiler, Nantong Wanda and Anhui Jinding Boiler. Taishan Group is the major player covering almost all the industrial boiler products and power station boilers whereas Jianglian Heavy Industry mainly focuses on waste heat boiler and circulating fluidized bed. Hangzhou Boiler is an A-share listed company, specializing in power station boiler, waste heat boiler and some industrial boilers. According to Ken Research analyst

Topics Covered in the Report-

China Boiler Industry Research

Coal Availability in China

Natural Gas Industry in China

Coal Fired Boilers Policies China

Standards on Boiler Emission China

Gas Fired Boilers market China

China Boiler Industry Forecast

Industrial Boilers Output China

Power Station Boilers Output China

Power Station Boilers Sector China

Industrial Boiler Manufacturers China

 To know more on coverage, click on the link

https://www.kenresearch.com/metal-mining-and-chemicals/mining/research-report-boiler-industry-china/29321-101.html

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Global Gold Mining to be a Promising Sector in Mining Industry: Ken Research

Posted on 17 October 2016 by KenResearch Metal Mining and Chemical ,

Asia Pacific is the leading producer as well as consumer of gold with major consumption in South East Asian countries. High growth in India, China and South East Asian countries coupled with rising disposable income of the general population is the major driver for the growth of the market, in the region.

The diverse demand for gold is for, jewellery, technology, and by central banks and investors. Global gold supply is a mixture of mined gold, scrap recovery and central-bank supply. More than half of gold supply worldwide comes from mined gold. China is the largest producer of mined gold

Ken Research announced its latest publication on,’ Global Gold Mining to 2020’, which provides detailed information on the market trends in the Gold industry. In addition, the report contains an overview of the global gold mining industry together with the key factors affecting the industry and demand and supply for the commodity. It also provides information about global gold reserves, the historic and forecast data on gold production, prices and major companies in Gold mining sector, gold consumption, and the competitive landscape.

Gold mining is a global business with operations on every continent, except Antarctica, and mines of widely varying types and scale. South Africa produced roughly two thirds of all production with an annual mine output of around 1,000 tones. This has since diminished to 168 tones (in 2015) and the country is now ranked sixth amongst gold producing countries. The gold supply has become less geographically concentrated and therefore, overall, more stable. Since, a greater number of countries have emerged as substantial gold producers over recent decades.

Asia Pacific is the leading producer as well as consumer of gold with major consumption in South East Asian countries. High growth in India, China and South East Asian countries coupled with rising disposable income of the general population is the major driver for the growth of the market, in the region. 

Global gold reserves were 56,700 tones (t) as of January 2016, with Australia accounting for the largest share with 9,100t or 16% of the total, followed by Russia with 8,000t (14.1%), South Africa with 6,000t (10.6%), the US and Indonesia each with 3,000t (5.3%), Peru with 2,800t (4.9%), Brazil with 2,400t (4.2%) and the remainder by other countries. Gold reserves in Russia are mostly located in the Far East and Krasnoyarsk districts. The Witwatersrand basin remains the largest gold deposit basin in South Africa.

Gold is a precious metal, mainly used as jewellery and for investment purposes globally. Gold is considered as a safest bet for investment in times of high inflation with currency fluctuations.

Rising prices are expected to be a major factor driving the global gold market as more and more consumers are purchasing gold as a mean of long terms investments. Further, political instability and confidence over bullion, as a secure investment with high returns, aid in generating demand for gold.  The diverse demand for gold is for, jewellery, technology, and by central banks and investors.

Further, industrial demand for gold especially in the electronics industry is expected to boost market growth in Asia Pacific. China is leading the market and is projected to increase its consumption to aid its high growth. The Chinese middle class urban population with rising disposable income has also increased investment in bullion as a quickly liquefiable asset substituting savings in the banks. Europe is the fastest growing region in terms of gold production with major production from Russia. Leading gold producing countries in the world include Australia, Brazil, Canada, Indonesia, Mexico, Peru, Papua New Guinea, Russia, the US, and Uzbekistan. 

Global gold supply is a mixture of mined gold, scrap recovery and central-bank supply. More than half of gold supply worldwide comes from mined gold. China is the largest producer of mined gold. It overtook South Africa in terms of gold production volume in 2007.  The annual total supply of gold has averaged around 4,000t over the last 10 years. Where, total mine supply- which is the sum of mine production and net producer hedging, accounts for two thirds of total supply. Recycled gold accounts for the remaining third.

The sources of mine production have become as geographically diverse as gold demand. China was the largest producer in the world in 2015, accounting for around 14 per cent of total production. Asia is as a whole produces 23 per cent of all newly-mined gold. Central and south America produces around 17 per cent of the total, with North America supplying around 16 per cent. Around 19 per cent of production comes from Africa and 14 per cent from the CIS region.

 

The gold mining industry faces few challenges, including cost pressures, lack of substantial discoveries and a reduced project pipeline. This is likely to see production revert to its longer term levels. Thus, the concept of ‘Responsible Mining’ must be considered. Where, when produced in conformance to high social, environmental and safety standards, gold provides employment opportunities, improved infrastructure and tax revenues. It can also drive foreign direct investment and generate foreign exchange 

Some of the key players in the gold market include: 

·         Barrick Gold Corporation

·         Newmont Mining Corporation

·         AngloGold Ashanti Ltd

·         Goldcorp Inc.

·         Kinross Gold Corporation

·         Newcrest Mining Ltd

·         Gold Fields Ltd

·         Polyus Gold International Ltd

·         Agnico Eagle Mines Ltd

Global Gold mining market

Global Iron Ore Market Research

Mining sector Future Outlook

Barrick Gold Corporation Market Share

Newmont Mining Corporation Market Share

China Gold Mining Market forecast

Global Gold Reserves

To know more on coverage, click on the link below:

https://www.kenresearch.com/metal-mining-and-chemicals/mining/global-gold-mining-2020/34714-101.html

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Global Zinc Mining Industry Offers Prominent Growth Prospects: Ken Research

Posted on 06 October 2016 by KenResearch Metal Mining and Chemical ,

  • The global zinc mining industry has recorded steady growth, supported by demand from the construction and automobile sectors. Additionally, Industrialization and urbanization have also supported the demand for zinc.
  • With technological development, a shift from underground to open pit mining techniques have lead to increase productivity without increasing cost through the ability to process lower grade ores through more efficient mineral processing .

Ken Research announced its latest publication on,’Global Zinc Mining to 2020, which provides detailed information on the market trends in the Zinc industry. In addition, the report contains an overview of the global zinc mining industry together with the key factors affecting the industry and demand for the commodity. It also provides information about global zinc reserves, the historic and forecast data on zinc production, prices and zinc smelters by major companies, refined zinc consumption, the competitive landscape and active, exploration and development zinc projects.

The global zinc mining industry has recorded steady growth, supported by demand from the construction and automobile sectors. Additionally, Industrialization and urbanization have supported the demand for zinc, as well as the increasing population in the Asia Pacific region.

As in the 18th century, it was discovered that sphalerite, or zinc sulfide, could be smelted into brass, resulting in the first patented techniques. Since then, the zinc industry has progressed to the current zinc mining process and production methods used today. Moreover, mine production has undergone important changes during the 20th century with a shift from underground to open pit mining techniques. Thus technological developments have made it possible to increase productivity without increasing cost through the ability to process lower grade ores through more efficient mineral processing and the use of ever larger scale equipment.

From coatings to compounds, zinc is used in many areas. The major use of zinc is for galvanizing, i.e., protecting steel from corrosion. Other significant uses include that in brass and bronze and in zinc-based alloys used in the die-casting in auto mobile industry, cosmetics, pharmaceuticals and construction material. Additionally, investment in infrastructure development are the industry’s major drivers.

The zinc industry, which is highly fragmented, is dominated by Asia. A combination of factors such as, fluctuating exchange rates, demand from investment sector, changing trade policy, vacillations in input prices, general economic conditions, and end-user markets all impact industry dynamics significantly.  

However, the zinc industry is exposed to certain challenges such as rising energy costs and achieving economies of scale to reduce costs and improve the quality of output. Other difficulties include scarcity of raw materials from the mining sector, such as zinc sulfide, and government regulations that cover mining. Additionally, rapidly increasing raw materials prices have also posed a challenge to the players in maintaining their profitability trend.

Australia, China, Peru, Mexico and the US have the largest zinc reserves and together accounted for 152 million tons (Mt), or 74.5% of the global total as of January 2016, although zinc ore deposits are found in more than 50 countries.

According to the reports, more than 30% of Australia's zinc reserves are collectively located in Queensland, New South Wales and Western Australia, with smaller deposits in Tasmania and the Northern Territory. China’s Yunnan province accounts for 22.8% of the country’s total zinc reserves, followed by Inner Mongolia with 19.3%, Gansu with 10.7%, Guangdong with 8.15%, Sichuan with 6.95%, and Qinghai with 4.8%. Currently, the largest mining operation in the US is the Red Dog mine in Alaska, a joint venture between Teck and NANA Regional Corp.—an Alaska Native Regional corporation formed in 1971 under the Alaska Native Land Claims Settlement Act. Whereas, in India, alongside the Red Dog mine in Alaska, the Rampura-Agucha mine, located in the Bhilwara district of Rajasthan in India, is one of the largest sources of zinc in the world. The mine is owned and operated by Hindustan Zinc, majority owned by Vedanta Resources and the Indian government.

In 2015, global zinc mine production was an estimated 13.4Mt in 2015, up by 0.4% over 2014 as a result of an increase in production from Australia, India and Peru.

The strategies that must be adopted, to accelerate the zinc mining industry includes, scope for innovation, more of collaborative ecosystem, digital workforce engagement and better asset management.

Key Topics Covered in the Report

Global Zinc Mining-Reserves by Country (Million Tonnes), 2015

Global Zinc Mining Industry

Global Zinc Mining-Zinc Metal Grade Range* by Country (%), 2015

Global Zinc Mining Industry Size

Global Zinc Mining-Zinc Mine Production (Thousand Tonnes) vs Zinc Prices (USD /tonne), 2000-2020

Mining Industry Future Outlook

Global Zinc Mining-Active Mines in Asia Pacific, 2016

Global Zinc Mining Industry Offers

Global Zinc Mining-Active Mines in Europe, 2016

Global Zinc Mining Industry Growth

Global Zinc Mining-Active Mines in the Middle East and Africa, 2016

Zinc projects Exploration Worldwide

Global Zinc Mining-Active Mines in South and Central America, 2016

Global Zinc Mine Production Output

Global Zinc Mining-Active Mines in North America, 2016

Zinc Exploration Equipments Industry

Global Zinc Mining-Exploration Projects in Asia Pacific, 2016

US Zinc Industry Reserves

Global Zinc Mining-Exploration Projects in Europe, 2016

Global Zinc Mining-Exploration Projects in the Middle East and Africa, 2016

Global Zinc Mining Industry Research Report

Global Zinc Mining-Exploration Projects in South and Central America, 2016

Metal and Mining Industry

Global Zinc Mining-Exploration Projects in North America, 2016

Global Zinc Mining-Development Projects in Asia Pacific, 2016

Global Zinc Mining-Development Projects in Europe, 2016

Global Zinc Mining-Development Projects in the Middle East and Africa, 2016

Global Zinc Mining-Development Projects in South and Central America, 2016

Global Zinc Mining-Development Projects in North America, 2016

Global Zinc Mining-Selected Active Smelters in the World, 2016

Global Zinc Mining-Refined Zinc Metal Consumption (Thousand Tonnes), 2000-2020

Global Zinc Mining-Glencore Plc Projects, 2016

Global Zinc Mining-Teck Resources Ltd Projects, 2016

Global Zinc Mining-Hindustan Zinc Ltd Projects, 2016

Global Zinc Mining-Nyrstar NV Projects, 2016

Global Zinc Mining-Votorantim Metais Zinco S/A Projects, 2016

Global Zinc Mining-Boliden AB Projects, 2016

To know more on coverage, click on the link below:

https://www.kenresearch.com/metal-mining-and-chemicals/mining/global-zinc-mining/33372-101.html

To review similar reports, click below:

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Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

...

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Australia at the Bottom of the Global Iron Ore Cost Curve: Ken Research

Posted on 05 October 2016 by KenResearch Metal Mining and Chemical ,

Ken Research announced its latest publication on, “Global Iron Ore Cost Curve, offer insights on the changing trends and potential opportunities within the Global Iron Ore Industry. The publication includes an insightful analysis of iron ore categories, Global iron ore industry structure, production cost: mining, processing, admin, freight and royalties, competitive landscape and performance assessment of iron ore companies. The analysis of the aforementioned trends has been done for 70 iron ore operations, across 30 companies, ranging from the large producers , such as Rio Tinto, Vale and BHP Billiton, to one-mine companies, such as BC Iron, and  large steel producers, such as Arcelor Mittal.

Overview of Global Iron Ore Industry

Iron is most important commodity used across the globe. Increasing infrastructure development and industrialization has accelerated the demand for iron. Hence, the demand for iron is increasing at a high pace across the globe. The amount of extraction and usage can be directly correlated with any country’s GDP. Iron is widely used in structural engineering application, maritime purpose, automobiles and general industrial application. Hence, with increasing GDP in every country, the demand for iron ore is expected to grow driving the global mining industry.

Looking from the production perspective, China is one of the largest producer of iron ore but also it is largest importer as well, reason being inferior quality of iron ore produced there(17-20% FE content as compared to average 62% FE content worldwide) and the economic boom that resulted in an unprecedented rise in demand for iron ore. After china japan is second largest producer, followed by USA and Germany.Over the past decade iron ore prices have hit record highs due to China’s rapid development and growth. As China slows its growth to more sustainable levels, the unprecedented demand for iron ore and steel is slowing but still remains strong.

Apart from prices, cost of iron ore production plays a vital role in the strategic business decisions of the iron ore producers especially miners. Going by the country level data, Australia is the lowest-cost producer of iron ore, significantly below the global average due to its abundant high-grade hematite ores (iron content of 62.5% and above) and extensive infrastructure facilities.While Brazil has abundant hematite deposits,Australian producers hold a cost advantage over their Brazilian counterparts due to their geographic proximity to China. Due to infrastructural constraints in India and deteriorating ore grades in China, both countries are positioned near the top of the iron ore cost curve. West Africa especially Guinea, Liberia and Sierra, is poised to become the new iron ore producers as extensive efforts are being made to discover some of the world-class deposits in the region.

Global Iron Ore Cost Curve, March 2016: Key Findings

The Global Iron Ore Cost Curve for March, 2016 quarter reports the current updated cash cost positions of iron ore producers. As per the report:

·         Further reduction in cost of iron ore production have been achieved by the producers as a result of lower average oil prices in the quarter and shut down of high cost mines.

·         The Australian Big 3, Rio Tinto, BHP Billiton and FMG, has safely maintained their largest producer position in 2015. This was followed by the Mesa operations run by Rio Tinto. These operations are all in the Pilbara region of Western Australia. As Hematite operations, they produce predominately lumps and fines, both of which are direct shipping ores (DSO) which lowers their processing costs.

·         Also, all-in cash breakeven for the seaborne iron ore producers is below USD63/dmt cfr.Compared to previous 6 months in 2015, global iron ore producers have managed to lower their breakeven costs by up to USD15/t. The breakeven range for the producers is now USD27-63/Mt cfr.

·         The iron ore supply has been below expected level, hence March, 2016 has been a weak quarter. Bad weather in Australia and Brazil, among others, obstructed the growth of iron ore production.

Major Players in the Global Iron Ore Industry

Global iron ore industry is a huge with market players ranging from large producers, such as Rio Tinto, Vale and BHP Billiton, to one-mine companies, such as BC Iron, and large steel producers, such as Arcelor Mittal. Some of the major iron ore producers include: BHP Billiton, Labrador Iron Ore Royalty Corporation, Mitsubishi Corporation, Sinosteel Corporation, Hancock Prospecting Pty Limited, Rio Tinto, Sumitomo Corporation, Mitsui & Co, Nippon Steel & Sumitomo Metal Corporation, Vale, Cliffs Natural Resource Inc, FMG, Mount Gibson, Arrium, Ferrexpo, Vedanta, African Rainbow Minerals, Assore Limited, Arcelor Mittal, BC Iron Limited, Atlas Iron, Cliffs Natural Resources, CAP SA, Anglo American, USSC, Grange Resources, Stemcore Holdings Limited, Ternium SA, RZR Ljubija a.d. Prijedor.

However the dominant three iron ore producers are Rio Tinto, Vale and BHP Billiton, accounting not only for largest share of world production but also have the lowest-cost operations, reason being abundant high grade mineral ores, efficient infrastructure and close proximity to China.

Prospects for Global Iron Ore Industry: Production Cost Perspective

March, 2016 quarter registered global iron ore supply below the expected level. As compared to 2015, even the largest global producers Rio Tinto, Vale, BHP Billiton and FMG posted lower iron ore production. However, with the iron ore pricesgetting back above USD70/dmt cfr due restocking, better quality steel spreads and reduced iron ore supply, we expect iron ore production to increase as the major producers increase their production to capacity level. Rio Tinto, Vale and BHP Billiton, along with their low cost operations, will continue to maintain their dominant position in the iron ore industry.Low strip ratios will ensure most operations have low mining costs per tonne.

Looking at key iron ore producing countries, Australia, the global cost leader, will maintain its position, while India and China, will remain near the top of the iron cost curve. One major expectation for the global iron ore industry is the iron ore boom in West Africa and expansion of African iron ore industry, with Guinea expected to become the one of the largest global exporter of iron ore and largest producer in African region by 2017.The region has world class iron ore deposits that are being explored substantially.

In coming years, challenges such as rising cost due to tax hikes and labour cost increases, declining ore grades in China, infrastructural constraints in India etc. may limit the cost reduction capacity of iron ore producers and hence growth of global iron ore industry, according to Ken Research.

Key Topics Covered in the Report

·         Detailed analysis of the Global industry structure of iron ore mines

·         Current trends, Drivers & Challenges in the Global iron ore industry

·         Global, company level and country level production cost analysis& iron ore cost curve

·         Competitive landscape in the Global iron ore industry

·         Individual & Comparative assessment of major international & regional  iron ore companies

 To know more on coverage, click on the link below:

https://www.kenresearch.com/metal-mining-and-chemicals/mining/global-iron-ore-cost-curve/33377-101.html

Related Reports:

https://www.kenresearch.com/metal-mining-and-chemicals/mining/brazil-mining-industry-research-report/408-101.html

https://www.kenresearch.com/metal-mining-and-chemicals/mining/global-iron-ore-mining/17330-101.html

 

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