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Workers strike at Australia's Gladstone port

  • : Coking coal, Metals
  • 24/12/17

Union members are engaging in a day-long work stoppage at Queensland's Port of Gladstone today, as port strikes spread across Australia.

Gladstone Ports is "experiencing impact to some Port operations due to union-led protected industrial action," a company spokesperson confirmed to Argus. "GPC has been engaged in contingency planning and is liaising with customers to minimise operational impacts while prioritising safety," the representative said.

Five unions, representing hundreds of GPC workers, voted to authorise a range of strike actions, including unlimited work stoppages, last week. The current day-long stoppage does not involve all five of those unions, although the non-participating unions may engage in industrial actions over the coming days.

The port of Gladstone is a major coal and LNG hub. Queensland exporters shipped 63.7mn t of coal and 23mn t of LNG out of the port in 2023, supporting the state's resource sectors.

The Gladstone stoppage comes alongside day-long work stoppages at operator Qube's ports across Australia that began on 16 December. Maritime Union of Australia (MUA) workers last week decided that they would launch 24-hour stoppages at the ports of Kembla, Brisbane, and Darwin, on 16 December. These ports tend to handle grains, livestock, petroleum, and coal shipments.

Qube is also expecting the MUA to shortly launch industrial actions at the ports of Dampier, Freemantle, Port Hedland, Bunbury, Geraldton, and Whyalla. The company's Port Hedland and Dampier facilities play a major role in supporting Western Australia's mineral sector, handling iron mined by most of the state's major miners.

Union and GPC negotiators have been locked in discussions over the GPC Enterprise Agreement for months, unable to agree on wage and rostering proposals. Qube and the MUA similarly disagree over wage and employment condition proposals.

By Avinash Govind


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25/03/13

Indonesian regulations may raise nickel product prices

Indonesian regulations may raise nickel product prices

Beijing, 13 March (Argus) — Indonesia has released a series of regulations related to the nickel sector in the past few months, which could raise the cost of production for all nickel products, potentially driving up these products' prices. The Indonesian government in March introduced a new price guideline, Harga Mineral Acuan (HMA) , and proposed changing the non-tax state revenue or Pendapatan Negara Bukan Pajak (PNBP) royalty rates for nickel products. Export earnings were also extended to be held onshore from three months to a year, effective from 1 March. Indonesia in July 2024 also implemented Simbara , a digital monitoring system for the Indonesian mineral and coal mining sector to collect revenues more efficiently. This series of changes sparked concerns in the market, with participants expecting the regulations to cause a potential increase in production costs and operating costs. The new royalty is proposed to have progressive tiers, which will increase in tandem with nickel ore prices. If the HMA falls below $18,000/t, nickel ore's royalty rate was suggested to be revised from 10pc to 14pc, which would increase production costs of NPI by $200/t, according to Argus ' calculations. Operation costs would climb higher when the HMA increases above $18,000/t, further weighing on profit margins. Nickel pig iron (NPI) is typically the cheapest nickel product because of a supply glut since 2022. But the price outlook of NPI could be higher in the long term, given the changes in Indonesian regulations and a projected lower oversupply of NPI in 2025 given tighter ore supply. The price gap between NPI and London Metal Exchange (LME) nickel prices is expected to narrow following the change in HMA, which would eventually affect the calculation of the nickel benchmark price, or the Harga Patokan Mineral (HPM). The LME cash official nickel price rose to $16,455/t on 12 March from $15,587/t on 3 March, supported by the series of regulations. This is in line with Argus -assessed NPI ex-work prices in China which has increased to 1,000-1,020 yuan/metric tonne unit (mtu) ($138-141/mtu) including 13pc value-added tax on 13 March from Yn980-990/mtu on 4 March. The HMA for the second half of March is expected to be higher than the first half, in the face of rising LME prices, which would further increase the production costs of NPI. Timeline of regulations on nickel Date Name Snapshot Mar-24 A mineral and coal Information system (Simbara) A digital monitoring system for the Indonesian mineral and coal mining sector Jan-25 Extend the holding period of deposits Extended the holding period of deposits made on export sales of natural resources from three months to one year, as a way of increasing foreign currency reserves and strengthening the economy Effective from 1 March 2025 Harga Mineral Acuan (HMA) This new reference pricing is expected to reflect market conditions and prices more accurately, given the shorter calculation period. 8-Mar-25 The non-tax state revenue or Pendapatan Negara Bukan Pajak (PNBP) Base on the above profilo regulations, there is a sound basis for taxation, including the tax base and tax rate. Source: ESDM Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

Thailand approves Sunwoda's $1bn battery investment


25/03/13
25/03/13

Thailand approves Sunwoda's $1bn battery investment

Singapore, 13 March (Argus) — Thailand has approved an investment of more than $1bn by major Chinese lithium-ion battery manufacturer Sunwoda to produce battery cells for electric vehicles (EVs) and energy storage systems (ESS). Sunwoda's Thailand-based subsidiary Suwoda Automotive Energy Technology will build manufacturing facilities in the country's Eastern Economic Corridor, Thailand's Board of Investment (BOI) said on 13 March. Its first plant will be in the Chonburi province and will produce lithium-ion battery cells for EV manufacturers. The plant's capacity was not disclosed. The plant is Sunwoda's first EV-related battery cell plant in the Asean region, said BOI. "Having EV battery cells produced locally will significantly reinforce our status as a manufacturing hub for EVs and hybrids, and increase the country's competitiveness," said BOI's secretary-general Narit Therdsteerasukdi. Chinese automotive firms have entered Thailand to build facilities in recent years, including state-owned auto manufacturers Changan Automobile and Chery Automobile , and EV maker Hozon New Energy . Chinese battery firms have also been looking to do the same, with BOI previously indicating interests from major Chinese battery manufacturing companies. Changan's plant in Thailand is expected to be launched in the "coming weeks", said BOI, while Chery's plant is still under construction. Thailand's National Electric Vehicle Policy Board approved an extension in late 2024 for the battery EV production requirements for BEV producers in the country. BEV manufacturers in Thailand are required produce certain numbers of BEVs based on their import volumes in 2022-23. Thailand's automobile production totalled around 107,100 units in January, down by almost 25pc on the year, on the back of sluggish domestic sales owing to strict lending from financial institutions given high household debts, according to the Federation of Thai Industries. By Joseph Ho Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

Lower Rio Tinto Al output cuts New Zealand power demand


25/03/13
25/03/13

Lower Rio Tinto Al output cuts New Zealand power demand

Sydney, 13 March (Argus) — New Zealand's industrial electricity demand fell on the year in October-December 2024, after Rio Tinto cut production at its Tiwai Point aluminium smelter in the previous quarter. The country's industrial electricity demand was down by 9pc compared with a year earlier, data from the Ministry of Business, Innovation, and Employment show ( see table ). Rio Tinto cut production at Tiwai Point in late-July 2024, after New Zealand utility Meridian Energy requested that it reduce its energy use by 205 MW. Many of the plant's potlines remained off line until late-September 2024, when Rio Tinto began restarting production at a reduced level. The Tiwai Point Aluminium Smelter is New Zealand's largest industrial energy user, consuming 572MW of power, often accounting for 12-13pc of national electricity demand, according to New Zealand's Electricity Authority. But it only accounted for about 10pc of total demand in October-December because of its lower production level. Rio Tinto's decreased power use and the country's rising geothermal generation in October-December pushed New Zealand's coal- and gas-fired generation to their lowest levels since late-2022. Utilities produced 2.1PJ from coal- and gas-fired generation, down by 73pc on the quarter and by 42pc on the year ( see table ). Coal- and gas-fired plants accounted for just 6pc of total generation in the fourth quarter of 2024, down from 19pc in July-September and 10pc a year earlier. Meanwhile, New Zealand's renewable power generation grew in importance over October-December, even as the government continued taking steps to promote coal- and gas-fired generation. The share of renewable electricity rose to 94.3pc, the highest level since December 2022 and the fourth highest on record. The New Zealand government is eager to promote oil, gas and petroleum generation, resources minister Shane Jones told Argus in December 2024. New Zealand's government has rolled back a ban on offshore gas exploration and has been fast-tracking coal developments since taking office in 2023. The country's largest utility, Meridian Energy, also warned of a structural gas shortage in late February, calling for new gas exploration. By Avinash Govind New Zealand Energy Quarterly Oct-Dec '24 Jul-Sep '24 Oct-Dec '23 q-o-q ± % y-o-y ± % Electricity Consumption (PJ) Industrial 11.0 10.1 12.1 8.7 -9.0 Total 33.7 38.1 35.2 -11.4 -4.3 Electricity Production (PJ) Coal 0.5 3.2 1.3 -84.9 -64.2 Gas 1.7 4.6 2.4 -63.8 -29.8 Geothermal 7.6 8.5 7.1 -10.9 6.6 Total 37.7 41.5 38.2 -9.3 -1.4 Source: Ministry of Business, Innovation, and Employment (MBIE) Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

Canada levies new C$30bn counter-tariffs on US: Update


25/03/12
25/03/12

Canada levies new C$30bn counter-tariffs on US: Update

Adds aluminum, steel trade data. Calgary, 12 March (Argus) — Canada is levying new counter-tariffs worth nearly C$30bn ($20.9bn) on the US in response to Washington's 25pc tariff on steel and aluminum imports. As of 12:01am on 13 March, 25pc reciprocal tariffs on an additional C$29.8bn of imports from the US will be put into place, Canada's finance minister Dominic LeBlanc said Wednesday. This includes C$12.6bn on steel products, C$3bn on aluminum products, and C$14.2bn on additional imported US goods. The list of additional goods includes computers, sports equipment, cast iron products, among others. US president Donald Trump imposed a 25pc tariff on steel and aluminum imports on Canada, Mexico and all foreign countries, effective Wednesday. LeBlanc said the government learned the US' tariffs would also be imposed on steel and aluminum content in "certain derivative products", which Canada is assessing and may impose further counter tariffs. Resource-rich Canada supplies the US with about 70pc of its aluminum imports and about 23pc of its steel imports. The US imported 3.9mn metric tonnes (t) of unwrought alloyed and primary aluminum in 2024, with 2.7mn t of that coming from Canada, according to Global Trade Tracker. For comparison, the US produced 670,000t domestically in 2024, data from the US Geological Survey shows. The US imported about 25mn t of steel — including flat, long, pipe and tube — in 2024, with Canada supplying the most of any country at 6mn t, according to the US Department of Commerce. Brazil was the US' next largest foreign source at 4.1mn t while the EU and Mexico came in at 3.5mn t and 3.1mn t, respectively. Canada's minister of innovation, science and industry, François-Philippe Champagne, LeBlanc, and Ontario premier Doug Ford will meet with US secretary of commerce Howard Lutnick in Washington on 13 March to discuss an update to the US-Mexico-Canada (USMCA) free trade agreement. "The conversation tomorrow will be around lowering the temperature and focusing on the process that President Trump setup," said LeBlanc. Canada's position is that Trump should respect the USMCA agreement that he signed, LeBlanc said. The European Union is meanwhile preparing to retaliate against Trump's tariffs. The region will impose countermeasures of €26bn ($28bn), introduced in two stages starting on 1 April and then be fully in place on 13 April, European Commission president Ursula von der Leyen said on X today. "I've been telling my European colleagues that Canada is the canary in the coalmine," Canadian foreign affairs minister Melanie Joly said on Wednesday. "If the US can do this to us, their closest friend and ally, then nobody is safe." By Brett Holmes Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

Canada levies new C$30bn counter-tariffs on US


25/03/12
25/03/12

Canada levies new C$30bn counter-tariffs on US

Calgary, 12 March (Argus) — Canada is levying new counter-tariffs worth nearly C$30bn ($20.9bn) on the US in response to Washington's 25pc tariff on steel and aluminum imports. As of 12:01am on 13 March, 25pc reciprocal tariffs on an additional C$29.8bn of imports from the US will be put into place, Canada's finance minister Dominic LeBlanc said Wednesday. This includes C$12.6bn on steel products, C$3bn on aluminum products, and C$14.2bn on additional imported US goods. The list of additional goods includes computers, sports equipment, cast iron products, among others. US president Donald Trump imposed a 25pc tariff on steel and aluminum imports on Canada, Mexico and all foreign countries, effective Wednesday. LeBlanc said the government learned the US' tariffs would also be imposed on steel and aluminum content in "certain derivative products", which Canada is assessing and may impose further counter tariffs. Canada's minister of innovation, science and industry, François-Philippe Champagne, LeBlanc, and Ontario premier Doug Ford will meet with US secretary of commerce Howard Lutnick in Washington on 13 March to discuss an update to the US-Mexico-Canada (USMCA) free trade agreement. "The conversation tomorrow will be around lowering the temperature and focusing on the process that President Trump setup," said LeBlanc. Canada's position is that Trump should respect the USMCA agreement that he signed, LeBlanc said. The European Union is meanwhile preparing to retaliate against Trump's tariffs. The region will impose countermeasures of €26bn ($28bn), introduced in two stages starting on 1 April and then be fully in place on 13 April, European Commission president Ursula von der Leyen said on X today. "I've been telling my European colleagues that Canada is the canary in the coalmine," Canadian foreign affairs minister Melanie Joly said on Wednesday. "If the US can do this to us, their closest friend and ally, then nobody is safe." By Brett Holmes Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

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