NEW YORK, May 17, 2021 /PRNewswire/
Technavio has been monitoring the biodiesel market and it is poised to grow by USD 7.87 billion during 2021-2025, progressing at a CAGR of almost 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Impact of COVID-19
The COVID-19 pandemic continues to transform the growth of various industries; however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a low impact on the biodiesel market.
Biodiesel Market to grow by USD 7 87 billion | Key Drivers, Trends, and Market Forecasts
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Strong operating performance across the portfolio during the quarter combined with improving prices for most of our commodities saw our net cash position increase to US$517 million. During the period we returned US$90 million to our shareholders via our on-market share buy-back bringing total returns under our capital management program to US$1.5 billion. We set year to date production records at Brazil Alumina and Australia Manganese. We increased our production guidance for South Africa Manganese as we continue to respond to market conditions and at Cannington off the back of continued strong underground performance. Having successfully completed a major furnace refurbishment at Cerro Matoso, we approved further investment in a new project that will lift future nickel production.
7%
(1) Production capacity excludes Moranbah and Grosvenor. Copper equivalent production is normalised to reflect the closure of the manganese alloy operations and excludes the impact of Grosvenor. Including the impact of Grosvenor, copper equivalent production increased 2% compared to Q1 2020.
(2) De Beers Group production is on a 100% basis, except for the Gahcho Kué joint venture which is on an attributable 51% basis.
(3) Contained metal basis. Reflects copper production from the Copper business unit only (excludes copper production from the Platinum Group Metals business unit).
(4) Produced ounces of metal in concentrate. 5E+Au (platinum, palladium, rhodium, ruthenium and iridium plus gold). Reflects own mine production and purchase of concentrate.
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Safety regulators have approved the initial re-entry steps at Anglo American’s Grosvenor Mine almost a year after an underground explosion seriously injured five coal miners.
Resources Safety and Health Queensland began inspections at Grosvenor’s underground mine this week as Anglo started its re-entry process onsite.
Anglo American confirmed re-entry today.
It is just weeks shy of the 12-month anniversary of the May 6 explosion at the longwall panel.
RSHQ, in a statement, said the staged re-entry of the mine was scheduled to start on Thursday and followed works by Anglo to seal the longwall panel where the explosion occurred.
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