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Iron Ore And Metallurgical Coal Are Counterintuitively Moving In Wildly Diverging Directions

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  In one of the most surprising steel-related commodities markets ever, the price of one key ingredient in the steel-making process, iron ore, is collapsing, while the price of another key element, metallurgical coal, is hitting record levels. In rough terms, about 1.2 tonnes of iron ore and 0.5 tonnes of metallurgical coal are needed to produce one tonne of crude steel. China’s government has targeted the steel industry, which is one of the biggest polluters in the country, reportedly accounting for 10-20% of carbon emissions in China, to reduce overall carbon emissions. Remarkably, the government now wants steel production in the country to be flat to down for the full year 2021, after rising around 12% in the first half of 2021. This of course requires a marked reduction in steelmaking in 2H 2021. (It has the side “benefit” of slowing China’s economy — a goal of the county’s leadership after strong government stimulus-fueled growth put in place to combat COVID-19.) In turn, China st

China seen short 50 mil mt met coal in 2021 even as coking capacity rises: sources

 September 21 (Hellenic Shipping News) China is seen falling short of 50 million mt of metallurgical coal in 2021 amid rising domestic coking output capacity, sources said Sept. 15. Met coal is a key raw component used in producing steel. In 2021, the country is seen retiring 28.92 million mt of old coking output capacity, and adding 58.575 million mt of new coking production capacity, which translates to a net 29.655 million mt increase in coking capacity this year, latest data by China Securities International, or CSI, showed. Widening deficit China is expected to see a wide deficit for met coal supply in 2021, according to Shenzhen-based brokerage Guotai Junan Securities. This comes at a time when China is vigorously putting effort at dual control of energy consumption and energy intensity, capping production of its high energy consuming domestic steel sector. China has been requesting steel mills to curb their annual production in 2021 either at par, or below, 2020 levels; a move t

Mongolia’s Melting Ice Reveals Fragile Prehistoric Artifacts

  Researchers scramble to find and study everyday items preserved for millennia and now at risk. This story was originally published on  The Conversation  and appears here under a Creative Commons license. SEPTEMBER 20 (Atlas Obscura) IN THE WORLD’S HIGH MOUNTAIN regions, life needs ice. From the Rockies to the Himalayas, glaciers and other accumulations of snow and ice persist throughout the year. Often found on shaded slopes protected from the sun, these ice patches transform barren peaks into biological hot spots. As an archaeologist , I value these snow and ice patches for the rare peek they can provide back in time through the fog of alpine prehistory. When people lose objects in the ice, ice patches act as natural deep-freezers. For thousands of years, they can store snapshots of the culture, daily life, technology, and behavior of the people who created these artifacts. Frozen heritage is melting from mountain ice  in every hemisphere . As it does so, small groups of archaeologi

China-Mongolia border port sees robust growth in freight transport

  The import and export values of goods transported via the border port of Erenhot in north China's Inner Mongolia Autonomous Region posted a yearly increase of 38.2 percent to reach 22.04 billion yuan (about 3.42 billion U.S. dollars) in the first eight months of this year, local customs said Friday. The import volume registered 15.34 billion yuan during the period, increasing by 41.9 percent year on year, while that of the exports totaled 6.7 billion yuan, up 30.4 percent year on year, said the customs of Erenhot. The rapid import growth shows China's steady economic recovery since the beginning of this year. Meanwhile, the rising trend of the global market price for bulk commodities is another factor driving the growth. In terms of exports, the COVID-19 pandemic wreaked havoc on Mongolia's domestic production capacity, making it more dependent on imports from China. In the first eight months of this year, China's exports of mechanical and electrical products to Mongo

Chinese companies to help build hydropower plant in W. Mongolia

ULAN BATOR, Sept. 18 (Xinhua) -- Mongolia signed an agreement on Friday to build a hydropower plant in the western part of the country with Chinese companies, according to Mongolia's energy ministry. The Power Construction Corporation of China (PowerChina), along with PowerChina Chengdu Engineering Corp Ltd, will build the Erdeneburen hydropower plant on Khovd River in the Erdeneburen soum (administrative subdivision) of Khovd province in the coming five years, with a soft loan from the Chinese government, the Ministry of Energy said in a statement. The 90-megawatt hydropower plant is considered crucial to ensuring long-term energy supplies to western Mongolia and laying the foundation for the development of renewable energy in the region.

World’s Best Stock Market of 2021 is Mongolia With 130% Returns

Mongolia’s MSE Top 20 Index is up by almost 130% this year   Performance driven by booming consumption, exports to China September 16 ( Bloomberg )  The world’s hottest stock market is in the coldest of its capitals.  In a year when a seemingly unstoppable rally has pushed equities from the U.S. to Europe into successive record highs, Mongolia’s minuscule bourse has emerged as the undisputed champion.    The MSE Top 20 Index, which tracks the biggest companies in the planet’s most sparsely populated country, has gained almost 130% in 2021, by far the best performance among the primary equity indexes tracked by Bloomberg. While a losing streak this week has some traders asking if the party is coming to an end, optimists see room for further gains. “The Mongolian equities market has a blue sky potential, because it is growing from a very small base,” said Bilguun Ankhbayar, vice president of business development at  Erdene Resource Development Corp. , a Canadian company that’s exploring

"We are aiming for gold in the PUBG Mobile Asian Games 2022 event": pikA

The PUBG Mobile gaming community were in for a surprise when popular esports organization,   Stalwart Esports acquired the Mongolian team, Astra Academy,  earlier this month. The team won the PMPL (PUBG Mobile Premier League) South Asia Championship in June this year. UnuBold "pikA" Erkhembayar, the leader of the team, played an integral part in securing the top position in the Championship. In a conversation with Sportskeeda Esports’ Debolina Banerjee, “pikA” talks about his team and reveals his hopes for cinching the 2022 Asian Games gold for PUBG Mobile. Q. Being a professional PUBG Mobile player comes with its challenges and you are one of the very few who have established his name in this field. Tell us how your career took off and how your journey has been in the Esports world. I played PUBG Mobile for fun from Season 4 to 7. I realized that I was talented and took it up as a career. I have played as a professional player since Season 8 . Q. If you were not a PUBG Mobil