|“Doing business with Mongolia”, “UK Investors show” бизнес хөтөлбөр March 27-April 02. 2019 ЛОНДОН ХОТ, ИХ БРИТАНИ||Mongolian Business Database||London UK|
|SYMPOSIUM ON GLOBAL MARKETS Nationalism and Protectionism: The United States in the International Arena June 17-18, 2019 The Center for American and International Law Plano, Texas, USA||The Center for American and International Law (CAILAW)||Plano Texas June 17-18 2019|
|"Open to Export" ICC WTO International business award||ICC WTO||London|
The outlook for lithium continues to shine, with demand from companies that produce batteries to power electric cars, laptops and other high-tech devices, expected to increase more than thirtyfold by 2027, a new study shows.
While the next nine years will drain less than 1% of the reserves in the ground, battery makers will need more lithium to support their production, which will boost demand for the key metal almost 16% to reach 1 million tonnes, according to Roskill’s 15th edition market outlook report.
Expected supply, however, is far from the astronomical figure forecast by the research firm, with Canada’s Bank of Montreal expecting between 80,000 and 91,500 tonnes of lithium coming from mines by 2025. And BMO’s numbers include recently up-sized expansion plans by the market leaders, Chile’s SQM, China’s Tianqi Lithium, Albemarle and FMC, as well as Nemaska Lithium’s plans to build a spodumene mine in northwestern Quebec, Canada.
Roskill estimates that demand from lithium-ion battery manufacturers will grow from 46% last year to 83% by 2027. Use of lithium hydroxide, in turn, is also forecast to become more prevalent, increasing from 25% of lithium compounds used in rechargeable batteries in 2021 to 55% by 2027.
The analysts expect the market for battery-grade lithium compounds to remain tight, however, as installing new battery grade capacity has proven complex and forecast demand growth is greatest for these products.
In terms of lithium prices, they are expected to peak in 2018, as greater supply availability of mined and refined lithium will enter the market in coming years, causing prices to briefly fall back in 2019, with a floor of $11,000/t battery grade lithium carbonate, Roskill says.
Beyond 2021, the research firm expects lithium prices to rise above 2018 levels again, as continued demand growth for battery grade lithium compounds will apply greater demand-side pressure on prices.
On June 22, Bank of Mongolia held an irregular foreign currency auction and supplied 88.7 million USD to commercial banks.
Since June 15, the central bank has received requests from commercial banks to purchase a combined 290 million USD in foreign currency. The Bank of Mongolia reported that Mongolia's foreign currency reserves are sufficient to prevent sudden fluctuations in the currency market. As of April 2018, the official reserves had reached 2.98 billion USD, an increase of 142 percent compared to the same period in 2017.
Analysts forecast that Mongolia's foreign currency inflow could increase as 836 million USD will come through the financing scheme for the International Monetary Fund’s extended fund facility program.
Coal supplies in China will continue to be tight and prices will stay high due to suspension of production at mines and tighter import controls since April, analysts said.
"The price of thermal coal has been driven up by rising demand and tight supply," said Zhu Yi, a Hong Kong-based analyst at Bloomberg Intelligence.
"While demand from power plants increases on hot weather and will continue to be high in the peak season of summer, supply has been tight due to production suspension as the government implements stricter environmental checks."
Zhu estimated that supplies may improve in the second half of this year, and high demand will likely ease after the peak season, so coal companies may yet post profits this year.
China's power producers have been challenged by extreme weather this year, including the cold snap in January and the heat wave in May. This increased coal imports by 8.2 percent to 121 million metric tons in the first five months of this year.
Coal prices kept surging as a result. Thermal coal prices at ports along the Yangtze River Delta reached 700 yuan ($107.7) per ton as the heat wave stoked demand in China.
The National Development and Reform Commission, China's top economic planner, said earlier coal prices ranging between 500 yuan per ton and 750 yuan per ton can be considered reasonable.
The commission has vowed steps like increased supply and regulatory efforts to stabilize coal prices. It said the recent rally in coal prices was not supported by market fundamentals.
Two major coal-fired power producers have banned spot purchases of thermal coal above certain prices amid a bearish outlook for the market in the coming months, a Reuters report said.
Adequate stocks of coal at power plants and consumption of more clean energy will help prevent a surge in coal prices, while China will also take multiple measures to stabilize coal prices, like augmenting production and introducing more efficient capacity, said the commission.
Plans are also being made to improve rail capacity for coal transportation from miners in the western regions to coal-fired power plants in eastern parts of the country.
The state planner expects coal output in Shaanxi, Shanxi and Inner Mongolia autonomous region, the country's main coal producers, to increase by about 250 million tons this year.
The three regions saw their combined coal production reach 2.3 billion tons in 2017, or two-thirds of China's total coal output.
Strong demand and rising plant utilization have driven up coal consumption, brightening China's power-sector prospects this year, said Joseph Jacobelli, a senior analyst of Asian utilities at Bloomberg.
"We think demand will rise at least 6 percent this year, slower than last year's 6.6 percent but enough to allow average utilization rates to increase," he said.
"Coal generators will continue and even accelerate their investments to build renewable energy assets, bolstering utilization of hydro, nuclear, solar and wind resources, so as to ensure top-line growth and boost profitability."...
Ulaanbaatar /MONTSAME/ Minister of Food, Agriculture and Light Industry, B.Batzorig received representatives headed by William Tompson, the head of the Eurasia Division, the Organisation for Economic Co-operation and Development (OECD) .
At the beginning of the meeting, Minister B.Batzorig presented the current conditions of food, agriculture and light industry sector and SMEs in Mongolia, including the draft law on promoting SMEs.
Mr. William Tompson mentioned that under the project on promoting SMEs, four recommendations have been worked out on developing cooperation between banks and financial institutions, improving credit guarantee system, easing the process of receiving loans, and improving the knowledge of entrepreneurs.
In response, Minister B.Batzorig expressed gratitude to the OECD for making significant contribution to the development of the SMEs in Mongolia, and forwarded a request to support Mongolia in creating credit products meeting SMEs demands, enhancing financial access, improving fund governance and activities encouraging SMEs, boosting exports of agricultural and light industrial products.
The sides highlighted an importance of trade and transportation issues for augmenting agricultural and light industrial products’ export and agreed to work on ‘Improving Transport Connectivity in Central Asia’ project in 2018.
New Delhi, June 25: India and Mongolia have agreed to step up cooperation in areas like air connectivity, trade and economic cooperation, energy security, mining and traditional medicine as part of sustained high-level bilateral exchanges, an official statement said. The decision was taken during Union Home Minister Rajnath Singh’s official visit to Mongolia from June 21-24, said the Home Ministry statement.
“During the bilateral talks the Home Minister held with the Mongolian leadership, both sides agreed on the need to step up cooperation in a number of areas such as air connectivity, trade and economy, energy security, mining, traditional medicine, animal husbandry, capacity building, education, people-to-people contacts, media exchanges and in films,” the statement said on Sunday.
Rajnath Singh called on President K. Battulga and held talks with Prime Minister U. Khurelsukh, Deputy Prime Minister U. Enkhtuvshin, and Minister of Justice and Home Affairs Ts. Nyamdorj on wide-ranging issues of bilateral interest, including cooperation between India and Mongolia in disaster risk reduction, border management, and capacity building programmes in security domain.
He, along with Khurelsukh, presided over the ground-breaking ceremony of Mongolia’s first petrochemical refinery project, which India is assisting.
“The refinery will be built with a Line of Credit of $1 billion extended by India, which was announced during Prime Minister Narendra Modi’s visit to Mongolia in 2015. The Mongolian side expressed appreciation for India’s support for this project. Both sides agreed that the refinery project will contribute to Mongolia’s economic development and long-term energy security,” the statement said.
The Home Minister also visited the headquarters of the Mongolian General Authority for Border Protection (GABP) and announced India’s decision to provide a high capacity server for their main control centre in order to assist them in more efficient border management, said the statement, adding GABP and India’s Border Security Force have ongoing exchanges and cooperation under an MoU signed in 2015.
Rajnath Singh’s visit to Mongolia comes as a part of sustained high-level exchanges between the two countries. Most recently, Modi met with the Mongolian President on the margins of the Shanghai Cooperation Organisation Summit in Qingdao, China, on June 10. Earlier, External Affairs Minister Sushma Swaraj paid an official visit to Mongolia on April 25-26.
India and Mongolia, joined by the common thread of Buddhism, are spiritual neighbours, the statement said, adding the relationship was upgraded to a Strategic Partnership in 2015 during Modi’s visit, which coincided with the 60th anniversary of establishment of diplomatic relations.
The US plans to ban firms with at least a quarter Chinese ownership from buying US companies with “industrially significant technology,” the Wall Street Journal reported, as a trade war between Washington and Beijing intensifies.
The paper, citing people familiar with the plans, also said that the US will block more technology exports to China. US President Donald has been complaining since his election campaign that Beijing is taking advantage of the US in terms of trade, while lawmakers have frequently raised concerns over US technology stolen by China.
“We’ve got trillions of dollars seeking our crown jewels of technology,” the newspaper quotes White House trade adviser Peter Navarro as saying. “There has to be a defense against that.”
Chinese investment in the United States already declined by 92 percent to $1.8 billion in the first five months of this year – its lowest level in seven years.
Last week, the White House introduced a 25 percent tariff on $50 billion of Chinese imports to the country. Trump threatened to hit another $200-billion of Chinese goods with an extra 10 percent tariff after Beijing retaliated.
On Sunday, he conveyed the same message to all US trade partners.
China Daily has accused the Trump administration of “manipulative maneuvers," trying to preserve the global economic system, which is working to America’s benefit. “However, times have changed,” the state newspaper said in an editorial headlined, “Protectionism symptom of paranoid delusions.”
India lauds Mongolia's '3rd neighbour' policy; committed to strengthen cultural bond: Rajnath Singh www.indiatimes.com
ULAANBAATAR: India appreciates the 'Third Neighbour' policy of land-locked Mongolia, Home Minister Rajnath Singh has said here, asserting New Delhi's commitment to further strengthen its cultural bond with Ulaanbaatar.
He was here on a three-day official visit to further strengthen bilateral relations and security cooperation as part of sustained high-level exchanges between Mongolia and India.
The 'Third Neighbour' policy of Mongolia, a land-locked nation between Russia and China, refers to its building ties with countries other than these two.
The minister said that India appreciates Mongolia's 'Third Neighbour' policy.
"We hope this will be crucial in further strengthening bilateral cooperation in strategic areas as well as trade and commerce," Singh said in a tweet.
Singh visited the Gandantsegchinlen Monastery here and met with the Supreme Leader of the Centre of All Mongolian Buddhists and Abbot of the Monastery, Lama Gabju Choijamts Demberel.
"India is committed to further strengthen its cultural bond with Mongolia," Singh said in another tweet.
India and Mongolia, joined by the common thread of Buddhism, are spiritual neighbours, the Ministry of External Affairs said in a statement in New Delhi.
Singh said he had a fruitful meeting with President of Mongolia Battulga Khaltmaa at the State Palace in Ulaanbaatar.
Yesterday, the minister called on Prime Minister of Mongolia Ukhnaagiin Khurelsukh and discussed with him a wide range of bilateral issues including border management, disaster management and cyber security.
On Friday, Mongolia broke ground for the construction of the landlocked country's first oil refinery with the help of a $1 billion loan from India which Singh described as an important milestone in the bilateral ties.
ULAN BATOR (XINHUA) – Four renewable energy power plants, with a total of 120 megawatts (MW), will be put into operation in Mongolia’s south-east province of Dornogovi, within this year. Mongolia’s first large solar power plant, with a capacity of 10 MW, was installed in the country’s northern province of Darkhan-Uul in Jan, 2017. The country’s second wind farm, the 50-MW Tsetsii Wind Farm, also opened in Oct, that year. The government aims to make renewable energy use account for 20 percent by 2020 and 30 percent by 2030...
At the UB comedy club at the back of a bar in central Ulaanbaatar, the audience is overwhelmingly female. Groups of smartly dressed women, just out of the office, sip from bottles of beer while watching a young Mongolian man on stage.
“Our women are beautiful,” he says, nodding at a few men seated at the front. “They’re great to be friends with, but they are crazy.” A few men chuckle but the room is mostly silent.
“Everywhere, every lounge, pub or club is like this,” says Mandkhai, a 31-year-old journalist at the show with two friends, “there’s a surplus of women.”
Over the past few decades, Mongolian families have been investing in their daughters by sending them to school and university in the capital. Some parents believe daughters will take better care of them in their old age. Others think women need to learn other skills as herding livestock is work reserved for men – the boys are kept at home to tend the animals. This trend has given rise to what is known as Mongolia’s “reverse gender gap”. Now women are more educated than men. They are less likely to be unemployed. They also live longer – by a decade on average.
But by outpacing men, Mongolian women in the city, many of whom stayed on after university to work, struggle to find partners the way their parents did. The marriage rate in Ulaanbaatar has fallen to 8.9 per 1,000 people in 2016, from 22.9 in 2007, according to the country’s statistics office.
Women in the city complain that there is a shortage of eligible men. In a way they are right. Home to half of the country’s three million people, the city has about 60,000 more women then men. At universities and in the workplace there are often far more women than men. These men are more likely to be taken: almost 40% of men in urban areas over the age of 15 are married, compared with only 32% of women.
Mongolian women face the dual cultural pressures of establishing a career and getting married before the age of 29, preferably earlier. For women who are older, the calculation changes. Zola [not her real name], 39, a former economist, has been looking for a long-term partner for several years now, since returning from doing a master’s degree abroad. She has tried dating events and having friends set her up. She once visited a shaman. Recently, she decided to adjust her initially high standards.
“Now I’m thinking he should just care and accept me. I’m not looking for money, or for very good education. He doesn’t have to be successful … as long as he is kind, listens and takes care of me. That’s all.”
It’s not just the numbers. Many say the issue is a mismash of attitudes and expectations. “Young girls are taught they should succeed, then you succeed and there’s no equal partner for you. The social pressure is for you to get married but finding an equal partner is very hard,” says Alimaa Altangerel, a columnist who writes about social issues. Manduhai Tsogtbal, 32, an entrepreneur who runs an online translation services company, has been starting businesses since she was a student. While getting an MBA degree in the US, she bought the Thai restaurant where she had worked as a waitress and turned it into a more profitable sushi bar. She can tell men don’t appreciate it when she challenges their business ideas. “I can sense it,” she says. “A lot of my girl friends and guy friends suggest I shut up, be dumb and ask more questions.”
Young girls are taught they should succeed, then you succeed and there’s no equal partner for you.
Alimaa Altangerel, writer
A survey released in March by the World Bank found Mongolian men in their 20s often described women as more ambitious than men, a trait they found unattractive. Some wondered why women invested so much in their education, given that it increased their risk of not being able to find a husband.
Bulganchimeg Gantulga, 19, a university student studying political science, says men her age always catcall women who wear short skirts. She says these men, even her classmates, are often behind when it comes to . She is considering never marrying at all.
“When men don’t respect women, it’s obvious what kind of husband they will be,” Bulganchimeg says.
Mongolia’s reverse gender gap, and the difficulties women and men have relating to one another, illustrate how little attention is paid to the poor state of the country’s men, according to Boldbaatar Tumur, head of the Men’s Association in Govisümber province.
Thousands of men lost their jobs in the privatisation of state-owned companies in the 1990s, as Mongolia transitioned from a communist system, and they still have not recovered. NGOs and the government focus more on women than on men, who face rising rates of alcoholism, as well as unemployment, he says. “Women have started to look down on Mongolian men because they have fallen far behind. No woman wants to live with an under-educated, impolite man. On the other side, men feel women are looking for men who are wealthier and more educated,” Tumur says.
At Caffe Bene, a trendy Korean coffee chain in central Ulaanbaatar, almost all the tables are occupied by young women on their own. One sits with her shopping bags on a chair, typing on her phone. Another reads a comic, while the woman across from her peers at a laptop. Single women in Mongolia face a certain stigma, which makes dating even harder. The Lunar New Year holiday, a time for family reunions, is especially hard: women inevitably face questions about their marital status. “You feel like you’re being blamed for being single,” says Solongo Bold, a single mother of two who works at a mining company.
They also face a relatively conservative dating culture. Rather than meet in bars or clubs, single Mongolians often find each other on Facebook or Instagram, chatting over private message, away from the public eye. “For flirting Instagram is effective, but for talking Facebook is better,” says Tsogtbal. Clubs and bars in Ulaanbaatar have begun holding speed-dating events, but people are sometimes embarrassed to attend, says Bat-Ulzii Altantsetseg, head of an events group called UB Nights. Now, instead of singles nights, they hold partner parties where men and women are assigned random pairs of numbers. He says usually 60% of attendees are women.
For Anna Battulga, 25, a recent graduate working in human resources, dating seems different from how it was for her parents, who met in the 1980s in Ulaanbaatar when Mongolia was still under a communist system.
Her mother was a shop assistant and her father a police officer who, after meeting Battulga’s mother, came to inspect the shop every week, scaring the owner. Eventually they started going to the cinema where her father would translate the films, available only in Russian, into Mongolian for her mother. After a few months he nervously asked if his parents could come to her house to ask for her hand in marriage, a Mongolian tradition.
Battulga is more likely to meet someone on Facebook, Instagram or Tinder which she has just started using. She flicks through several pages of profiles, skipping anyone who has posted a landscape photo, as well as any foreigners.
The number of people on the app is much higher now than it was a few years ago, she says. When asked about a popular Mongolian phrase that translates roughly as “your soulmate will be waiting for you on your path,” she pauses. “I think that’s unrealistic.”
Additional reporting by Munkhchimeg Davaasharav...
Indian Rusan Pharma www.rusanpharma.com trade delegation headed by Mr.Navin Singh, the regional director is going to visit to Mongolia from this week and MBD is hosting the business program.
Rusan Pharma Ltd. is a fully integrated global pharmaceutical company focusing and excelling in ‘De-Addiction and Pain Management’ solutions.
We offer a complete range of products for de-addiction and pain management in countries across the globe including Europe, UK, Russia, CIS, South Africa, Mauritius, Nepal and Myanmar. We are associated with a number of leading organizations such as NACO, UNODC, UNOPS, Global Fund and several Ministries globally.
The delegates will meet the Mongolian top 10 on the pharmacy production, import, distribution and the top officials on the sector