掀开奶罩边躁狠狠躁苏玥视频,无码专区3d动漫精品,去阳台跪着把屁股抬起来,精品国产丝袜黑色高跟鞋


India iron ore exports on pace for 25% decline in 2020

  • Wednesday, April 15, 2020
  • Source:ferro-alloys.com

  • Keywords:India,export
[Fellow]India iron ore exports on pace for 25% decline in 2020

[ferro-alloys.com]In its latest report, UK-based data analytics firm GlobalData says iron ore exports from India are expected to decline by around 25% to 23.3 Mt in 2020 due to the coronavirus outbreak and the subsequent closure of ports, shortage of workers and transport restrictions, which are severely disrupting the exports as well as the domestic supply.

The auctioning process of several iron ore mines was completed in February as their leases were about to expire in March. According to GlobalData estimates, out of approximately 25 non-captive iron ore mines, 22 were successfully auctioned, while three were put on hold over a pending legal suit from the Supreme Court of India.

GlobalData senior mining analyst Vinneth Bajaj says the delays in mine auctions in Odisha, which were to be held in March of last year, due to the lack of clarity on the maximum lease area, will “severely damage” India’s iron ore output this year, which is expected to fall to 205.7 Mt, a 12.5% decline compared with 2019 (234.9 Mt).

The decline could have been over 40 Mt, Bajaj elaborates, had the Indian government not allowed new owners to start and continue operations until they had acquired fresh forest and environmental clearances, which could have taken up to three years.

Some idle time is inevitable as operations are reestablished by the new owners, GlobalData says. The firm expects production to pick up once the lockdown ends and operating activities resume.

Despite the decline in 2020, iron ore production in India is expected to grow over the forecast period (2020–2024) at a compound annual growth rate (CAGR) of 7.2% to reach 271.2 Mt in 2024. The resumption of operations at the auctioned mines will be a key factor behind this growth, GlobalData explains.

“Simultaneously, iron ore exports from India are expected to recover from the 2020 decline and post a forecast-period CAGR of 4.2% to reach 27.5 Mt in 2024, supported by improving demand from China,” Bajaj says.

(Mining.com)

  • [Editor:王可]

Tell Us What You Think

please login!   login   register
Please be logged in to comment!
主站蜘蛛池模板: 化隆| 稷山县| 伊吾县| 吉林省| 蓝田县| 通州区| 浠水县| 宝鸡市| 钦州市| 肥乡县| 买车| 江城| 民丰县| 凭祥市| 连州市| 邹城市| 确山县| 余干县| 阳春市| 南昌市| 长春市| 泸西县| 象州县| 五常市| 克拉玛依市| 吉安市| 清水河县| 尉犁县| 渝中区| 十堰市| 隆尧县| 汕头市| 江都市| 酉阳| 绥阳县| 宜兰县| 衡东县| 抚顺市| 石阡县| 平乡县| 宁德市|