Events
| Name | organizer | Where |
|---|---|---|
| MBCC “Doing Business with Mongolia seminar and Christmas Receptiom” Dec 10. 2025 London UK | MBCCI | London UK Goodman LLC |
NEWS
Housing price fall brings opportunities to investors www.gogo.mn
Mongolia’s construction sector constitutes about 4.0 percent of the national GDP. The sector have had its ups with annual growth of 10-16 percent and is now having its downs impacted by the restrictions in connection with the housing mortgage loans.
Only a quarter of Mongolia’s 859.1 thousand families are living in housing apartments connected to central heating and power networks. Also, some 204.5 thousand families (40 thousand a year approximately) in Ulaanbaatar are expected, pursuant to the government's action plan, to move from Ger districts to housing apartments in the next five years, according to a study provided by the Ministry of Construction and Urban Development.
Currently, the construction companies are managing their marketings, by receiving old apartments or cars as advance payment and offering more viable options to their customers. Some companies are taking no pre-payment at all and instead are giving out apartments on conditions with monthly lease.
Nevertheless, the current drop of properties' price may be an opportunity for businesspeople who are interested in investing in the construction sector of Mongolia.
UB City to cooperate with Dutch company for better solution to parking www.en.montsame.mn
China becomes more efficient, cleaner in energy use www.chinadaily.com.cn
PM commends senior economist’s devotion www.en.montsame.mn
Apple: iPhone 7 helps US giant return to growth www.bbc.com
Warren Buffett: I bought $12 billion of stock after Trump won www.reuters.com
JTB to invest in Indonesian tour firm www3.nhk.or.jp
Slovenia tourism boosted by Melania factor www.rt.com
Eurozone inflation at highest in four years www.rt.com
Nickel price picked as 2017 winner www.mining.com
Nickel fell to a 13-year low of $7,725 a tonne ($3.50 a pound ) in February last year; then rallied to more than $11,700 by mid-November only to fall back nearly 20% to trade at a six-month low on Friday.
Nickel, mainly used as an anti-corrosive in steel alloys, rallied in 2016 on the back of a clampdown on mines in the Philippines which took over as the main supplier to China following an ore export ban in Indonesia in place since 2014.
Nickel price picked as 2017 winnerNickel price picked as 2017 winnerThe market was rocked earlier this month when Indonesia abruptly announced a partial lifting of the ban allowing exports of up to 5.2 million tonnes of nickel ore this year.
In a new report Capital Economics, a London-based independent research house, believes of all industrial metals, the nickel price has the best prospects to improve adding that "the market is tightening [following years of underinvestment in new mines] and it is still too soon to say what the partial lifting of Indonesia’s ban on ore exports will mean for supply."
In addition supply from the Philippines may remain constrained. Final results of an audit of the mining sector in the Asian nation ordered by President Duterte is expected this week.
Some 11 mines have already been shut down for failing to comply to stricter environmental rules and a further 20 are under threat. Capital Economics says ultimately 50% of the country's mining capacity could be closed:
However, there are other sources of supply, notably from New Caledonia, that are chomping at the bit to take market share. In late December, the New Caledonia government approved requests from nickel miners to export over 2 million additional tonnes of ore to China. (The government restricts ore exports in a bid to encourage domestic processing.)
Nickel price picked as 2017 winner
On the demand side Capital Economics estimated growth in 2016 at a robust 6.2%, but the firm warns that China’s stainless steel production have have ran ahead of demand last year. Demand for nickel could get a bump from fiscal stimulus in the US, but given the relatively small global share of US nickel consumption, the impact may be limited.
Notwithstanding the likelihood of slower growth in demand, Capital Economics continues to expect that the market will record another deficit in 2017 putting a floor under prices in 2017.
Capital Economics sees the price of nickel climbing to $11,500 per tonne by the end of the year (that's a 20% jump from today's price), with further upside predicted in 2018. That makes nickel the metal Capital Economics is by far the most bullish about.
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