Market Flash

At the 2024 China Carbon Black Outlook Conference, the news released on November 13 pointed out that under the joint efforts of the industry, the domestic carbon black industry achieved significant profit growth in the first three quarters of this year.

According to the Wall Street Journal, Chinese mining giant Zijin Mining's gold mines in Colombia were looted by drug cartels, resulting in the loss of about 3.2 tons of gold, worth about $200 million.

Murugappa Group has completed a major transaction to acquire Germany-based specialty chemicals company Hubergroup for an enterprise value of $310 million.

• Murugappa
• Hubergroup

Stahl, a supplier of specialty coatings for flexible materials, announced the sale of its wet-end leather chemicals business to Syntagma Capital, a Belgium-based private equity fund.

• Stahl

The Codex Alimentarius Commission (CAC) published CL 2024/86-CAC on November 13, 2024, to revise a number of special dietary standards and to seek public comment, with a deadline of November 20, 2024. The main contents of the revision are as follows:

On November 15, 2024, the European Food Safety Authority (EFSA) published a public consultation document, number PC-1204, which seeks to authorise the use of esterified propoxylated glycerol (EPG) as a novel food, with a deadline of December 6, 2024. The

Recently, according to the latest information released on the official website of the National Medical Products Administration (NMPA), four generic drugs submitted by Jiangsu Huayang Pharmaceutical Co., Ltd. have been approved and identified as equivalent

The Senate has yet to vote on the nomination, and it remains to be seen whether Kennedy will succeed.

On 11 November 2024, the Tax Bureau of the Ministry of Finance of India issued Circular No. 24/2024-Customs(ADD), announcing the acceptance of the final affirmative anti-dumping ruling of the Ministry of Commerce and Industry of India dated 14 August 2024

From January to October, the value added of industrial enterprises above designated size increased by 5.8% year-on-year.

On November 11, Dawn Co., Ltd. announced its plan to restructure the assets of Dawn Titanium Co., LTD. According to the plan, Dawn shares plans to issue shares and pay cash, wholly-owned acquisition of Dawn Titanium, and at the same time raise matching fu

Kemira plans to expand its production site in Helsingborg, Sweden, and invest millions of euros in the construction of an activated carbon reactivation plant.

• Kemira

The Korea Institute of Energy Technology (KIER) and Samsung Heavy Industries have announced a strategic partnership to advance the development and commercialization of green ammonia fuel for the shipping industry.

• KIER
• Samsung Heavy Industries

ADNOC Gas plc and its subsidiaries (collectively "ADNOC Gas" or the "Company") (ABU Dhabi Stock Exchange code: ADNOCGAS) (International Securities Identification Code: AEE01195A234, a world-class integrated natural gas processor, today announced strong fi

On November 13, Kangda New Materials released an announcement, It details that its wholly-owned subsidiary Shanghai Kangda Chemical Industry New Materials Co. (hereinafter referred to as "New Materials Co.") is about to sign a "Equity transfer agreement"

Cabot Corporation has decided to implement a worldwide price increase for carbon black products sold by its Specialty carbon business as of December 1, 2024, or as permitted by contractual terms.

Recently, the performance of potash and sulphur in the fertilizer feedstock market has been particularly notable, and their prices have continued to climb, rising more than expected.

UK biotech company Clean Food Group is working with THG Labs to help improve the production of environmentally friendly beauty products by converting food waste into valuable cosmetic ingredients through fermentation.

• Clean Food Group
• THG Labs

International Graphite Ltd has been awarded a significant grant of $4.5 million from the Western Australian Government to build the country’s first dedicated commercial graphite micronization plant at Collie, Australia.

• International Graphite

On November 13, SMC Global, a leading manufacturer and supplier of high-quality chemical products and industrial services, announced that it has acquired International Chemicals LLC (ICC).

• SMC Global
• International Chemicals LLC