According to MiningWeekly, Australian Minister for Resources Madeleine King announced the inclusion of nickel in the critical minerals list, offering beleaguered mining companies the opportunity to vie for billions of Australian dollars in government funding. The Australian Minister for Resources has the authority to review and temporarily modify the critical minerals list at any time […]
Australia Adds Nickel to Critical Minerals List Read More »
In its latest report, UBS points out that due to its expectation that the Federal Reserve will begin to cut interest rates, the prices of gold and silver are expected to climb further in 2024. UBS precious metals strategist Joni Teves said, “We expect that the Federal Reserve’s shift to a more dovish policy will
According to MiningWeekly, citing Reuters, the United States Geological Survey (USGS) has revised down its estimate of Vietnam’s rare earth production for 2022, with production likely to decline further in 2023. In October 2023, Vietnamese authorities arrested executives of a company cooperating with Western firms on rare earth projects. It is unclear whether this arrest
USGS Lowers Estimate of Vietnam’s Rare Earth Production Read More »
According to a report by MiningNews.net, by the end of 2024, “reduced supply” will become a common theme in the nickel and lithium industries. “Overall, supply growth is expected to outpace demand growth in 2024,” UBS stated in its 2024 Battery Metals Outlook report. “However, spot prices are approaching the cost curve, and we are
UBS Forecasts Oversupply in Nickel and Lithium Markets Read More »
On January 25th, as reported by foreign media, Robert Friedland, founder and co-chairman of Ivanhoe Mines, stated in an interview this week that the spot copper market is “very, very tight and currently in a state of shortage.” He predicts an explosive rise in copper prices this year as the Federal Reserve is set to
Friedland: Copper Prices May Experience an “Explosive” Surge at Any Time Read More »
Baowu Magnesium has announced that on the morning of January 18th, the world’s largest rotary kiln in the magnesium industry was ignited and put into production at Chaohu Yunhai Magnesium Co., Ltd. (referred to as Chaohu Yunhai). The kiln, with a diameter of 5.8 meters and a length of 80 meters, represents an investment of
On January 17th, as reported by MiningWeekly, the consulting firm Benchmark Mineral Intelligence (BMI) released its annual forecast report for the mining and metals industry. The report emphasizes that the industry is experiencing a moderate recovery due to the global economic slowdown. BMI’s Chief Commodity Analyst, Sarbin Chowdhury, states that the firm is overall optimistic
On January 8th, local time, Nickel 28 Capital Corp announced its production for 2023 and the production guidance for 2024 for its Ramu nickel-cobalt operation in Papua New Guinea. Nickel 28 currently holds an 8.56% joint venture interest in Ramu, which is operated by the China Metallurgical Group Corporation. As of December 31, 2023, for
Nickel 28: Ramu Produces 33,604 Tons of Nickel in 2023 Read More »
Metals X Limited (Australian Securities Exchange stock code: MLX) has announced the latest mine life plan for its Renison Bell mine. Renison Bell, Australia’s largest tin mine, is expected to operate at least until 2035. Through exploration and potential reserve evaluation, the (metal) reserve is confirmed to be 8.225 million tons, with a tin content
Metals X Company’s Renison Bell Mine Has a Tin Content of 1.48% Read More »
Amid supply-side disruptions and ongoing expectations of interest rate cuts by the Federal Reserve, copper, which has been highly volatile over the past year, appears to be showing signs of an upward breakout. Market sentiment has increasingly turned bullish. A report from Citibank suggests that copper prices could reach $15,000 per ton by 2025, surpassing
Major International Banks Bullish on Copper! These Factors are Influencing Copper Prices Read More »
