SCI Evaluates Q2 Producers' Prices in Mining Sector
The average Producer Price Index for the mining sector in the four-quarter period ending Sept. 22, which marks the end of the second quarter of the current fiscal year (March 2019-20), increased by 59.2% compared with the same period of last year, according to data reported by the Statistical Center of Iran.
The sector’s average PPI for the four-quarter period ending June 21, end of Q1, had increased by 58.9% year-on-year.
Annual producer inflation of “iron ore extraction” subsector in Q2 was 71.9% and those of “extraction of metal ores” and “extraction of other mines” subsectors were 65.4% and 34%, respectively.
The overall PPI of mining sector (using 2011 as the base year) stood at 491.4 in Q2, indicating a 3.5% increase compared with the previous quarter and a 51.4% growth over the same quarter of last year.
Quarterly producer inflation of “iron ore extraction” subsector was -1.3% and those of “extraction of metal ores” and “extraction of other mines” subsectors were 3.5% and 5.9%, respectively.
Year-on-year producer inflation of “iron ore extraction” subsector was 91.6% and those of “extraction of metal ores” and “extraction of other mines” subsectors were 51.8% and 38.4%, respectively.
source: Financial Tribune
Top News
Six last month
Iran Alloy Steel Company intends to purchase 12 tons of ferrotungsten through public tender
Iran Alloy Steel Company intends to purchase 150 tons of Low-Carbon Ferro Manganese through public tender
Gold price faces worst week since 2021 as Fed signals no rate-cut rush
Gold loses some luster after Trump’s decisive win
Iron ore price flirts with key $100/t level on firm demand, China stimulus hopes
Hedge funds slash bullish wagers on gold over Trump election win
Resolute Mining says it will pay Mali $160 million in tax dispute
Families gather at South African mine shaft where hundreds are feared stuck underground
Higher silver supply to reduce global deficit by 4% in 2024
BHP to spend up to $14 billion on Chilean copper expansion
Chile’s rare salt flat fish faces threat from lithium mining project
British Columbia creates new mining ministry to tackle critical minerals amid doubts over capacity
China’s germanium, gallium ban could cost the US $3.4 billion
South Africa police standoff with illegal gold miners escalates
Iran Alloy Steel Company intends to purchase 150 tons of Low-Carbon Ferro Manganese through public tender
Iran Alloy Steel Company intends to purchase 12 tons of ferrotungsten through public tender
Iron ore price flirts with key $100/t level on firm demand, China stimulus hopes
Newmont sells Ontario gold mine to Orla for $850 million
BHP warns Australian mining not ready for low-cost competitors
Iran Alloy Steel Company intends to purchase 12 tons of ferrotungsten through public tender
Iran Alloy Steel Company intends to purchase 150 tons of Low-Carbon Ferro Manganese through public tender
Chile’s rare salt flat fish faces threat from lithium mining project
British Columbia creates new mining ministry to tackle critical minerals amid doubts over capacity
Newmont sells Ontario gold mine to Orla for $850 million
BHP warns Australian mining not ready for low-cost competitors
Resolute Mining says it will pay Mali $160 million in tax dispute
Trump chooses oil fracking boss as energy secretary
Gold loses some luster after Trump’s decisive win
