Gypsum industry news

India: The anticipated India-Oman comprehensive economic partnership agreement remains close to signing, BusinessLine Online News has reported. Nonetheless, ‘one issue’ reportedly still requires ‘ironing out.’ This is the Indian government’s rejection of Oman's Omanisation policy, which is continually increasing the proportion of Omani nationals required to be employed in the country’s industries. The Indian government has asked for a freeze to the requirements, which works to the exclusion of the Indian expat community in Oman, it says.

Bilateral trade between India and Oman was worth US$8.9bn in 2024. Gypsum is among the key Indian imports from Oman.

Oman: National exports of gypsum were 12Mt in 2024. Former Zawawi Minerals director and CEO Ramachandran said that year-on-year growth was 7%, with volumes up from 11.2Mt in 2023.

India: Representatives of the Indian and Omani government are in a fifth round of talks over a proposed Comprehensive Economic Partnership Agreement. Under the proposed agreement, the parties would reduce or eliminate customs on goods traded between the Indian Ocean nations. Gypsum is among India’s ‘key imports’ from Oman.

Oman: The country exported 8.07Mt of gypsum from January 2024 to August 2024, according to data from Zawawi Minerals. Oman exported 11.2Mt in 2023, up by 11% year-on-year from 9.9Mt in 2022.

Oman: The Ministry of Energy and Minerals has announced an auction of four gypsum mines in Thamrait, Dhofar Governorate. Zawya News has reported that the total area of the mines is 27km². Preliminarily assessment of the sites has already taken place. Prospective bidders can participate in the auction through the ministry’s Taqa digital platform.

Oman: The Ministry of Energy and Minerals has launched its Taqa digital investment platform. The Taqa platform will help to leverage digital technologies in the energy and minerals sectors. It includes investor packages for bidding, inspections and licence management. Gypsum quarries will be among sites included in an initial set of studies available on the platform.

Acting Director of the Petroleum Concessions Department Raya Al Abri said “This will allow investors and companies to bid transparently and within a fair competitive environment, based on technical expertise, financial solvency and value-added priorities.”

Asia: India’s new anti-dumping duty on imports of gypsum wallboard from China and Oman will remain in force for the five-year period up to the end of 2028. The Hitavada newspaper has reported that the duty also applies to gypsum tiles.

Oman: Oman exported 11.2Mt of natural gypsum from its Port of Salalah in 2023, up by 11% year-on-year from 9.9Mt in 2022. Zawawi Minerals has reported that the main destination for exports was India, which received 5.3Mt (47%) of Oman’s exported gypsum for the year. Oman is reportedly the source of 90% of India’s gypsum imports.

India: The government has implemented new duties on imports of gypsum wallboard from China and Oman. Importers will pay US$23.46 – 47.62/t on Chinese gypsum wallboard and US$71.80 – 91.42/t on Omani gypsum wallboard. The Hindu newspaper has reported that precise rates will depend upon the producer of the wallboard.

India: The Directorate General of Trade Remedies (DGTR) has recommended a five-year anti-dumping duty on gypsum tiles imported from China and Oman. Saint-Gobain India initiated the investigation that started in late 2022. It considered gypsum tiles laminated on one side with polyvinyl chloride (PVC) or wax paper that are typically used in ceilings. The study concluded that the product had been “exported to India at a price below the normal value, resulting in dumping.”