Last year when the rare earth metal market was driven
into a spectacular price bubble, mineral sands products were swept along in the
tide. The zircon and titanium derived from mineral sands are not rare earth
elements, but there are similarities in that production development of both had
been neglected over decades, and large deposits are relatively rare. Australia's
Iluka Resources ((ILU)) boasts the largest reserves and production globally – a
clear leader amongst a mere handful of commercial producers.
A clear difference is that China controls the global rare earth market but has no mineral sands to speak of. Hence while the rare earth price bubble was directly related to Chinese export restrictions, and a herd mentality, the simultaneous bubble in zircon/titanium was more a case of rocketing Chinese demand meeting limited supply. The herd,A specialized manufacturer and supplier of dry cabinet, again, did the rest.We mainly supply professional craftspeople with crys talbeads wholesale shamballa Bracele , Zircon is used primarily to make pigments used in the production of tiles (think bathroom, kitchen, floor) while titanium oxide produces the pigment that puts the “white” in “whitegood”. Exponential Chinese demand was not hard to justify given the substantial shift of the Chinese populace towards middle class home ownership.
The rare earth price bubble all but destroyed the rare earth industry, such that when China finally eased export restrictions prices went into a free-fall from which they are yet to recover. As rare earth prices fell, so too did zircon/titanium prices. To a large extent this was by association, but the price peak also represented the point at which China was just going to buy more product. Along the way, China had been stockpiling, as it is wont to do, so when prices became too ridiculous, consumers started drawing down inventory.
Hence began the age old game among analysts oft called “catching the falling knife” in which a price floor is estimated. To date, analysts have been proven overly ambitious. In what has seemed like a heartbeat, Iluka has gone from desperately ramping up mineral sands expansion projects to limiting production in the hope of arresting price falls. To top things off, Iluka is one resource producer very sensitive to the currency, and the strong Aussie is certainly not helping.
Last week UBS decided destocking was still underway right across the zircon and titanium production chains, notwithstanding weak end-consumer demand, such that prices are expected to remain under pressure at least in the near term.The term 'hands free access control' means the token that identifies a user is read from within a pocket or handbag. UBS doesn't which to commit, but suggests prices will likely recover sometime between the second quarter of 2013 and 2014 in general.
As far as Deutsche Bank is concerned,This is my favourite sites to purchase those special pieces of buy mosaic materials from. price weakness will continue for at least six months. The earlier price spike affected some long-term demand destructict walls.
It was once rented out, the couple said, and “chopped up and divided” to accommodate people on several levels, possibly during World War II.
They discovered 1,500 African elephant tusks hidden in a secret compartment under several pieces of wooden blocks. The goods were declared as "Acajou-type" mahogany wooden floor tiles on the shipping bill of loading.
Azis said syndicates were using Malaysian ports as a transit point to ship such goods to the far east, noting that several cases of ivory smuggling had been detected in the past two years.
"In the latest case, the goods came from the port of Lome in Togo and were heading to China when we intercepted them."
He said the syndicate behind the smuggling operations had used ship-switching tactics by first sailing from Togo via the ship Marivia before embarking at the port of Algeciras in Spain.
"In Spain, they switched the containers to the CMA CGM Titus ship prior to sailing here," he said, adding that the containers were about to be switched to another ship when Customs enforcement officers intercepted them.
Azis dismissed the involvement of locals in the syndicate but added that a Klang-based company was being investigated under Section 133 Customs Act 1967 for false declaration.
He said the seized tusks would be handed to the Wildlife and National Parks Department.Argo Mold limited specialize in Plastic injection mould manufacture,
In January, an attempt by an international syndicate to smuggle 500kg of elephant tusks worth RM2.4 million was foiled by Customs officers while in December last year, another attempt to smuggle 15 tonnes of elephant tusks and ivory handicraft worth RM4 million was foiled at the West Port.
A clear difference is that China controls the global rare earth market but has no mineral sands to speak of. Hence while the rare earth price bubble was directly related to Chinese export restrictions, and a herd mentality, the simultaneous bubble in zircon/titanium was more a case of rocketing Chinese demand meeting limited supply. The herd,A specialized manufacturer and supplier of dry cabinet, again, did the rest.We mainly supply professional craftspeople with crys talbeads wholesale shamballa Bracele , Zircon is used primarily to make pigments used in the production of tiles (think bathroom, kitchen, floor) while titanium oxide produces the pigment that puts the “white” in “whitegood”. Exponential Chinese demand was not hard to justify given the substantial shift of the Chinese populace towards middle class home ownership.
The rare earth price bubble all but destroyed the rare earth industry, such that when China finally eased export restrictions prices went into a free-fall from which they are yet to recover. As rare earth prices fell, so too did zircon/titanium prices. To a large extent this was by association, but the price peak also represented the point at which China was just going to buy more product. Along the way, China had been stockpiling, as it is wont to do, so when prices became too ridiculous, consumers started drawing down inventory.
Hence began the age old game among analysts oft called “catching the falling knife” in which a price floor is estimated. To date, analysts have been proven overly ambitious. In what has seemed like a heartbeat, Iluka has gone from desperately ramping up mineral sands expansion projects to limiting production in the hope of arresting price falls. To top things off, Iluka is one resource producer very sensitive to the currency, and the strong Aussie is certainly not helping.
Last week UBS decided destocking was still underway right across the zircon and titanium production chains, notwithstanding weak end-consumer demand, such that prices are expected to remain under pressure at least in the near term.The term 'hands free access control' means the token that identifies a user is read from within a pocket or handbag. UBS doesn't which to commit, but suggests prices will likely recover sometime between the second quarter of 2013 and 2014 in general.
As far as Deutsche Bank is concerned,This is my favourite sites to purchase those special pieces of buy mosaic materials from. price weakness will continue for at least six months. The earlier price spike affected some long-term demand destructict walls.
It was once rented out, the couple said, and “chopped up and divided” to accommodate people on several levels, possibly during World War II.
They discovered 1,500 African elephant tusks hidden in a secret compartment under several pieces of wooden blocks. The goods were declared as "Acajou-type" mahogany wooden floor tiles on the shipping bill of loading.
Azis said syndicates were using Malaysian ports as a transit point to ship such goods to the far east, noting that several cases of ivory smuggling had been detected in the past two years.
"In the latest case, the goods came from the port of Lome in Togo and were heading to China when we intercepted them."
He said the syndicate behind the smuggling operations had used ship-switching tactics by first sailing from Togo via the ship Marivia before embarking at the port of Algeciras in Spain.
"In Spain, they switched the containers to the CMA CGM Titus ship prior to sailing here," he said, adding that the containers were about to be switched to another ship when Customs enforcement officers intercepted them.
Azis dismissed the involvement of locals in the syndicate but added that a Klang-based company was being investigated under Section 133 Customs Act 1967 for false declaration.
He said the seized tusks would be handed to the Wildlife and National Parks Department.Argo Mold limited specialize in Plastic injection mould manufacture,
In January, an attempt by an international syndicate to smuggle 500kg of elephant tusks worth RM2.4 million was foiled by Customs officers while in December last year, another attempt to smuggle 15 tonnes of elephant tusks and ivory handicraft worth RM4 million was foiled at the West Port.
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