Things have changed in the land of the red dust. In Australia, BHP Billiton and Rio Tinto have lifted their boots off the iron ore expansion pedals. In Brazil, Vale has plenty of gas left in the tank, but doesn’t want to boast about it. The game of ‘who drives the biggest SUV?’ suddenly seems in poor taste.
Posts tagged ‘China’
August 19, 2016 11:00 UTC
The recent announcement by energy major BP saying it is looking to divest 50% of its stake in its Chinese petrochemicals joint venture SECCO raises two questions: One, is BP’s move a prelude to a wave of divestments by global producers in China’s petrochemicals/polymers industry? Two, if it is not, what are the new strategies being pursued by foreign polymer producers investing in China?
June 30, 2016 05:01 UTC
After crashing to levels last seen in the 2009 global financial crisis, spot market prices for Australian thermal coal delivered to power stations in southern China have shrugged off their aura of doom and gloom to trade at an 11-month high in June.