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Australian fertilizer, copper, zinc rail line to reopen

  • Spanish Market: Fertilizers, Metals
  • 19/02/25

The Mount Isa rail line — which connects multiple Queensland phosphate and copper mines to the Port of Townsville — will reopen today, after floods damaged the track earlier this month.

The track is expected to open on 19 February, the line's operator Queensland Rail (QR) confirmed to Argus. But QR did not specify the reopening time. The company announced the line closure on 10 February, after nearly two weeks of heavy rains.

QR identified 1.6km of track damage along the Mount Isa rail by 14 February. The rail operator's staff were unable to access parts of the track at the time, as water covered 2km of the line.

Fertilizer suppliers Incitec Pivot and Centrix use the lines for DAP/MAP and phosphate rock shipments respectively from their Phosphate Hill and Ardmore projects. Metals producer Glencore also moves copper and zinc from its Mount Isa mining complex to Townsville via the track.

Centrix is planning to ship approximately 10,000t of phosphate concentrate out of the Port of Townsville in mid-March. The company also moved 25,000t of concentrate out of the port on 18 February, supported by its phosphate stockpile in Townsville.

Queensland's recent floods also disrupted loadings at many of the state's coal ports, including the Ports of Abbot Point, Hay Point, and Dalrymple Bay, in early February. Coal loadings across Australia's east coast dipped to 5.42mn deadweight tonnes (dwt) over the week to 8 February, down by 27pc from 7.42mn dwt a week earlier, because of the weather issues.

Argus' MAP/DAP fob Townsville price was last assessed at $620-640/t on 13 February.


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21/03/25

TFI applauds addition of potash as US critical mineral

TFI applauds addition of potash as US critical mineral

Houston, 21 March (Argus) — US fertilizer industry group The Fertilizer Institute (TFI) applauded President Donald Trump's decision to include potash in the administration's list of American critical minerals and confirmed to its members today it is looking to have phosphate added to the list as well. Under the executive order issued Thursday, which aims to increase US production of critical minerals, the National Energy Dominance Council will receive a list of mineral production projects. Within 10 days of the order being issued, the NEDC will be expected to identify priority projects to be given the necessary permitting or approval to begin advancement. "President Trump's [executive order] will help ensure a stable and abundant supply of fertilizers. which are critical to maintaining the global competitiveness of US farmers, strengthening rural economics, and keeping food prices in check," TFI said. The Defense Production Act and federal financing tools will be used to provide supportive funding for new mining projects, and a dedicated critical minerals fund is expected to be created as well. The lions share of the US' potash supply is imported, with 98pc annually coming from other countries and 85pc of that from Canada, according to TFI data. The US in comparison is one of the top five phosphate rock producing countries in the world, where roughly 20mn short tons were produced in 2024. Most phosphate rock production in the US is located in Florida and most domestic potash production is located in New Mexico. However, in January the US Department of Energy said it would conditionally back more than $1bn in loans to Michigan Potash to finance construction of the first domestically built production facility in 60 years. Under the newly issued executive order, the Michigan Potash project could be guaranteed more definitive funding and government attention. Michigan's potash reserve is ideally located within the US' fertilizer demand center, and the project in its first phase will produce about 800,000 metric tons of potash annually, Michigan Potash chief development officer Cory Christofferson said today. "In subsequent expansion phases, we can produce 4mn t of potash or more annually." By Taylor Zavala Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

Australia's Simcoa may buy carbon credits until 2028


21/03/25
21/03/25

Australia's Simcoa may buy carbon credits until 2028

Sydney, 21 March (Argus) — Australia's silicon producer Simcoa will likely need to buy and surrender Australian Carbon Credit Units (ACCUs) until 2028 for safeguard mechanism compliance obligations before it completes a key decarbonisation project, it told Argus today. The project was awarded federal funds on 20 March. Australia's federal Labor government granted Simcoa A$39.8mn ($25mn) under its Powering the Regions Fund (PRF) to expand charcoal production at its Wellesley facility in Western Australia (WA) and remove the use of coal in silicon production. The project is expected to reduce the company's scope 1 emissions by around 90pc, or approximately 100,000 t/yr of CO2 equivalent (CO2e). Simcoa is Australia's only silicon manufacturer, which is a key component of solar panels. The funding will help maintain silicon manufacturing capability in the country in addition to cutting emissions, energy minister Chris Bowen said. The company currently uses 35,000 t/yr of metallurgical low ash coal in its operations, and anticipates usage will drop to zero after it doubles its charcoal production capacity by 25,000 t/yr to 50,000 t/yr. The completion date for the expansion is not expected before 2028. The firm may continue to buy [ACCUs] as it must use coal as a reducing agent for part of its production for calendar years 2025-27, or until the expansion project can be commissioned, the company told Argus on 21 March. Simcoa surrendered 22,178 ACCUs in the July 2022-June 2023 compliance year as it reported scope 1 emissions of 122,178t of CO2e with a baseline of 100,000t CO2e at its Kemerton silicon smelter. Figures were lower for the July 2023-June 2024 compliance period, the company said, without disclosing details. Australia's Clean Energy Regulator (CER) will publish 2023-24 safeguard data by 15 April . Simcoa anticipates scope 1 emissions at the Kemerton smelter to be "considerably below" the baseline once the charcoal expansion is completed and could make it eligible to earn and sell safeguard mechanism credits (SMCs), which traded for the first time in late February . "We will take whatever opportunity is available to us," the company said on potentially holding or selling SMCs in future. By Juan Weik Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

Upper Mississippi River reopens for transit


20/03/25
20/03/25

Upper Mississippi River reopens for transit

Houston, 20 March (Argus) — The first towboat arrived at St Paul, Minnesota, today, marking the start of the 2025 navigation season on the upper Mississippi River, according to the US Army Corps of Engineers (Corps). The Neil N. Diehl passed through Lock 2 at Hastings, Minnesota, with nine barges, crossing into St Paul on 19 March. Tows reaching St Paul signify the unofficial start of the navigation season, as St Paul is the last port to open on the Mississippi River after winter ice thaws each year. This is considered an average start time for the navigation season, which typically opens the third week of March. The first tow to reach St Paul in 2024 arrived on 17 March. The Corps released the final Lake Pepin ice measurements of 17in on 12 March and was unable to take new measurements this week since the ice had melted significantly. Lake Pepin measurements help determine when the ice will be thin enough for barges to transit up river. By Meghan Yoyotte Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

Brazil central bank raises target rate to 14.25pc


20/03/25
20/03/25

Brazil central bank raises target rate to 14.25pc

Sao Paulo, 20 March (Argus) — Brazil's central bank raised its target interest rate by 1 percentage point to 14.25pc amid accelerating inflation in a decelerating — but still heated — economy. The hike in the target rate, announced Wednesday, was the fifth in a row from a cyclical low of 10.5pc at the end of September last year, partly prompted by accelerating depreciation of the currency, the real, to the US dollar. Brazil's annualized inflation hit 5.06pc in February and is poised to keep accelerating. The bank's Focus economic report increased its inflation forecast to 5.7pc for the end-of-year 2025 from 5.5pc in January, when the bank's policy-making committee last met. Brazil's current government has an inflation ceiling goal of 3pc with tolerance of 1.5 percentage point above or below. The bank has recently changed the way it tracks the inflation goal. Instead of tracking inflation on a calendar year basis, it now monitors the goal on a rolling 12-month basis. The bank cited heated economic activity and a strong labor market as factors that have contributed to rising inflation. But the bank forecasts "modest GDP growth" for Brazil of almost 2pc in 2025, down from 3.4pc growth last year. Further tightening will also be linked to global economic uncertainty prompted by US president Donald Trump's aggressive trade and other policies and the monetary policies of the US Federal Reserve , according to the bank. Brazil's target interest rate is expected to keep rising at the bank's next meeting in 6-7 May, albeit to "a lesser extent" as the contributing factors are set to moderate, according to the committee. By Maria Frazatto Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

EU delays retaliatory tariffs on US goods to mid-April


20/03/25
20/03/25

EU delays retaliatory tariffs on US goods to mid-April

Brussels, 20 March (Argus) — The EU has decided to delay its countermeasures to US tariffs on steel and aluminium imports until mid-April, allowing extra time for negotiations with Washington and consultation on which goods to include in its retaliatory levies, EU trade commissioner Maros Sefcovic said today. The EU had planned to impose its tariffs in two phases, the first on 1 April and the second on 13 April, but it has now decided that both sets of measures will be brought in together on 13 April. The first round of EU tariffs is a reinstatement of levies that the bloc imposed during President Donald Trump's first term in office in 2018 and 2020 on goods "ranging ranging from boats to bourbon to motorbikes". The second round is a new package of additional measures to reflect the fact that Trump's tariffs this time around are broader in scope and affect a higher value of trade. The European Commission needs to review with stakeholders the list of US products to be included, Sefcovic said. "We are now considering to align the timing of the two sets of EU countermeasures so we can consult with member states on both lists simultaneously," he said. Sefcovic noted that a US trade investigation into copper and wood, including derivatives, could lead to additional tariffs against EU products and that the US is considering measures on shipbuilding that could have negative effects on EU maritime firms. By Dafydd ab Iago Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

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