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Friday, 18 October 13
WOOD MACKENZIE FORECASTS CHINA WILL OUTWEIGH THE REST OF THE WORLD FOR BASE METALS DEMAND BY 2017
 China set to account for 52% of 117mt base metals market by 2017
China is on track to exceed rest of the World demand by 2017, becoming the single largest consumer of base metals. According to Wood Mackenzie’s latest base metals demand forecasts, China will account for 52% of base metals demand by 2017, compared with 46% of the 96 million tonnes (Mt) global base metals market in 2013. While China’s lower GDP targets are reflected in lower demand growth for base metals on a percentage basis over the next five years versus the last half decade, the research firm says that China will maintain its dominance and the outlook for Chinese base metals demand is slower not lower.
Helen Matthews, Head of Base Metals Markets research for Wood Mackenzie says; “Our forecasts for the next five years show that across all of the base metals – aluminium, copper, lead, nickel and zinc – growth in demand will come predominately from China. Demand growth has slowed from the double digits we saw from 2008 to 2013 to single digits - ranging from five to eight percent – however, it’s important to note that in absolute tonnage terms we still see significant numbers.”
Wood Mackenzie says that the global base metals market is set to grow from 96Mt in 2013 to 122 Mt in 2018, with a huge shift set to occur in 2017; “Today, the Rest of the World, excluding China, accounts for 54% of the global base metals market however, as we’re seeing with many other commodities, China’s rampant appetite will overtake the rest of the World, growing to 52% of demand in a 117Mt market.”
Wood Mackenzie’s economic analysis points to the drivers behind this growth as Jonathan Butcher, Senior Economist for Wood Mackenzie explains; “While there are a number of factors behind growth in demand for each base metal, a key theme for China is continued urbanisation and rising domestic wealth. Wood Mackenzie’s proprietary China Activity Index tracks a number of factors, and gives us confidence that economic growth will remain strong in the short term. Looking out to 2030, we see a bright future for Chinese commodity demand. Urbanisation rates will reach 70%, compared to just under half of the population in 2013. This will have a widespread impact on the economy over the next 20 years, with electricity consumption per capita forecast to reach the same level as Korea today.”
Matthews adds; “Our analysis shows that the outlook for key demand drivers is positive, with a firm emphasis on Asia.”
Editor’s notes:
Wood Mackenzie is the most comprehensive source of knowledge about the world’s energy and metals industries. We analyse and advise on every stage along the value chain - from discovery to delivery, and beyond - to provide clients with the commercial insight that makes them stronger. For more information visit: www.woodmac.com
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Saturday, 07 December 13
A RARE TIME IN RECENT SHIPPING MARKET HISTORY: BOTH DRY BULK AND VLCC TANKER EARNINGS ARE ON THE RISE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Around this time of year, back in 2008, i.e. five years ago, the shipping markets were plagued with the aftermath of the global financial crisis tha ...
Friday, 06 December 13
INDONESIAN PARLIAMENT REJECTED A GOVERNMENT PROPOSAL TO EASE THE BAN ON EXPORTING UNPROCESSED ORE
COALspot.com: Indonesian House of Representatives rejected a proposal from Energy and Mineral Resources Minister Jero Wacik on to ease the ban on ex ...
Friday, 06 December 13
THE MINISTRY OF ENERGY & MINERAL RESOURCES OF INDONESIA FIXED DEC'13 HBA AT US$ 80.31
COALspot.com - The Ministry of Energy & Mineral Resources of Indonesia has increased government declared coal bench mark price by US$ 2.18 / MT ...
Friday, 06 December 13
US PRODUCED APPROXIMATELY 82.8 MILLION SHORT TONS OF COAL IN NOVEMBER 2013
COALspot.com – United States the world’s second largest coal producer, produced approximately 19.00 million short tons (mmst) of coal in ...
Friday, 06 December 13
PANAMAXES HAVE BEEN THE ' WEAPON OF CHOICE' BY MOST DRY BULK SHIP OWNERS DURING 2013 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Low ship prices, the direct consequence of subdued freight rates for the larger part of 2013 have been the main driving force behind this year's ag ...
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- Sindya Power Generating Company Private Ltd
- Kapuas Tunggal Persada - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Eastern Coal Council - USA
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Samtan Co., Ltd - South Korea
- Jindal Steel & Power Ltd - India
- Latin American Coal - Colombia
- Maharashtra Electricity Regulatory Commission - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- San Jose City I Power Corp, Philippines
- Renaissance Capital - South Africa
- Rashtriya Ispat Nigam Limited - India
- Bukit Baiduri Energy - Indonesia
- Metalloyd Limited - United Kingdom
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indonesian Coal Mining Association
- Anglo American - United Kingdom
- Bukit Makmur.PT - Indonesia
- Vizag Seaport Private Limited - India
- Sakthi Sugars Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- South Luzon Thermal Energy Corporation
- Dalmia Cement Bharat India
- Indo Tambangraya Megah - Indonesia
- Sarangani Energy Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- White Energy Company Limited
- Altura Mining Limited, Indonesia
- Wood Mackenzie - Singapore
- Savvy Resources Ltd - HongKong
- Indika Energy - Indonesia
- SMG Consultants - Indonesia
- Semirara Mining Corp, Philippines
- AsiaOL BioFuels Corp., Philippines
- GMR Energy Limited - India
- Star Paper Mills Limited - India
- Vedanta Resources Plc - India
- Banpu Public Company Limited - Thailand
- Leighton Contractors Pty Ltd - Australia
- Oldendorff Carriers - Singapore
- Global Business Power Corporation, Philippines
- Electricity Authority, New Zealand
- Makarim & Taira - Indonesia
- Energy Development Corp, Philippines
- Economic Council, Georgia
- Cigading International Bulk Terminal - Indonesia
- Chamber of Mines of South Africa
- Petrochimia International Co. Ltd.- Taiwan
- Global Coal Blending Company Limited - Australia
- PowerSource Philippines DevCo
- Barasentosa Lestari - Indonesia
- Electricity Generating Authority of Thailand
- ASAPP Information Group - India
- TNB Fuel Sdn Bhd - Malaysia
- Singapore Mercantile Exchange
- Karaikal Port Pvt Ltd - India
- Videocon Industries ltd - India
- Jaiprakash Power Ventures ltd
- Krishnapatnam Port Company Ltd. - India
- Port Waratah Coal Services - Australia
- Minerals Council of Australia
- Iligan Light & Power Inc, Philippines
- Indian Energy Exchange, India
- LBH Netherlands Bv - Netherlands
- Neyveli Lignite Corporation Ltd, - India
- Orica Mining Services - Indonesia
- Formosa Plastics Group - Taiwan
- Aboitiz Power Corporation - Philippines
- Bhoruka Overseas - Indonesia
- Agrawal Coal Company - India
- Coalindo Energy - Indonesia
- The University of Queensland
- Orica Australia Pty. Ltd.
- Xindia Steels Limited - India
- Central Java Power - Indonesia
- Heidelberg Cement - Germany
- Kalimantan Lumbung Energi - Indonesia
- Pendopo Energi Batubara - Indonesia
- OPG Power Generation Pvt Ltd - India
- Tata Chemicals Ltd - India
- McConnell Dowell - Australia
- Riau Bara Harum - Indonesia
- The Treasury - Australian Government
- Toyota Tsusho Corporation, Japan
- Mercuria Energy - Indonesia
- Central Electricity Authority - India
- Chettinad Cement Corporation Ltd - India
- Wilmar Investment Holdings
- Borneo Indobara - Indonesia
- Petron Corporation, Philippines
- Kumho Petrochemical, South Korea
- Gujarat Sidhee Cement - India
- Mercator Lines Limited - India
- PNOC Exploration Corporation - Philippines
- Global Green Power PLC Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Indogreen Group - Indonesia
- Commonwealth Bank - Australia
- Madhucon Powers Ltd - India
- Thiess Contractors Indonesia
- Marubeni Corporation - India
- Siam City Cement PLC, Thailand
- Power Finance Corporation Ltd., India
- Baramulti Group, Indonesia
- Ministry of Mines - Canada
- Kideco Jaya Agung - Indonesia
- Coal and Oil Company - UAE
- Uttam Galva Steels Limited - India
- Globalindo Alam Lestari - Indonesia
- Coastal Gujarat Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- Bukit Asam (Persero) Tbk - Indonesia
- Straits Asia Resources Limited - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Transport, Egypt
- Manunggal Multi Energi - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Mintek Dendrill Indonesia
- GAC Shipping (India) Pvt Ltd
- Sinarmas Energy and Mining - Indonesia
- ICICI Bank Limited - India
- Bayan Resources Tbk. - Indonesia
- Simpson Spence & Young - Indonesia
- Posco Energy - South Korea
- Maheswari Brothers Coal Limited - India
- Kaltim Prima Coal - Indonesia
- Mjunction Services Limited - India
- Indian Oil Corporation Limited
- Australian Coal Association
- Interocean Group of Companies - India
- Merrill Lynch Commodities Europe
- Trasteel International SA, Italy
- IHS Mccloskey Coal Group - USA
- Rio Tinto Coal - Australia
- PetroVietnam Power Coal Import and Supply Company
- Parliament of New Zealand
- Sree Jayajothi Cements Limited - India
- Aditya Birla Group - India
- Kobexindo Tractors - Indoneisa
- CIMB Investment Bank - Malaysia
- Binh Thuan Hamico - Vietnam
- Parry Sugars Refinery, India
- India Bulls Power Limited - India
- Thai Mozambique Logistica
- Edison Trading Spa - Italy
- Cement Manufacturers Association - India
- New Zealand Coal & Carbon
- Georgia Ports Authority, United States
- Goldman Sachs - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Carbofer General Trading SA - India
- Larsen & Toubro Limited - India
- Attock Cement Pakistan Limited
- Siam City Cement - Thailand
- Timah Investasi Mineral - Indoneisa
- Standard Chartered Bank - UAE
- European Bulk Services B.V. - Netherlands
- Ministry of Finance - Indonesia
- CNBM International Corporation - China
- VISA Power Limited - India
- Kepco SPC Power Corporation, Philippines
- Lanco Infratech Ltd - India
- Directorate Of Revenue Intelligence - India
- Gujarat Electricity Regulatory Commission - India
- Bulk Trading Sa - Switzerland
- Kartika Selabumi Mining - Indonesia
- PTC India Limited - India
- Grasim Industreis Ltd - India
- Sojitz Corporation - Japan
- Salva Resources Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- IEA Clean Coal Centre - UK
- GVK Power & Infra Limited - India
- The State Trading Corporation of India Ltd
- Bhatia International Limited - India
- Africa Commodities Group - South Africa
- Planning Commission, India
- Energy Link Ltd, New Zealand
- Bangladesh Power Developement Board
- Romanian Commodities Exchange
- Kohat Cement Company Ltd. - Pakistan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Tamil Nadu electricity Board
- Therma Luzon, Inc, Philippines
- Bhushan Steel Limited - India
- Essar Steel Hazira Ltd - India
- MS Steel International - UAE
- Price Waterhouse Coopers - Russia
- SN Aboitiz Power Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Ceylon Electricity Board - Sri Lanka
- Medco Energi Mining Internasional
- TeaM Sual Corporation - Philippines
- Ambuja Cements Ltd - India
- London Commodity Brokers - England
- Eastern Energy - Thailand
- Malabar Cements Ltd - India
- Deloitte Consulting - India
- Sical Logistics Limited - India
- Miang Besar Coal Terminal - Indonesia
- SMC Global Power, Philippines
- International Coal Ventures Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Meralco Power Generation, Philippines
- Antam Resourcindo - Indonesia
- Bharathi Cement Corporation - India
- Independent Power Producers Association of India
- Australian Commodity Traders Exchange
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