On March 7, 2024, in Windhoek, the capital of Namibia, China Minmetals Resources Group Co., Ltd. (hereinafter referred to as “China Minmetals”) through its wholly-owned subsidiary China Minmetals (Hong Kong) Rare Metals Resources Co., Ltd., reached an agreement with Dundee Precious Metals Inc. (hereinafter referred to as “DPM”) to acquire the Tsumeb smelter in Namibia. […]
U.S. Treasury Secretary Janet Yellen recently stated that the United States may significantly increase its imports of minerals from Chile. Chile is the world’s largest copper producer and the second-largest lithium producer, which she highlighted as crucial for the U.S. green transition. “I can’t give you exact numbers, but I think we’re going to expand
According to foreign news on February 28th, Indonesia, the world’s largest nickel exporter, sent a thought-provoking message to other struggling battery metal producers: do not expect any significant rebound in nickel prices. Septian Hario Seto, Deputy Minister of Maritime Affairs and Investment Coordination overseeing the nickel processing industry in Indonesia, stated that LME nickel prices
Indonesia: Will Ensure Ample Nickel Supply Read More »
In 2023, the domestic prices of phosphate rock in China did not replicate the unilateral upward trend of 2022, with prices for various grades of phosphate rock undergoing oscillatory adjustments. Similar to the situation in 2022, the domestic market supply of phosphate rock continued to decrease in 2023, while downstream demand kept growing. Looking into
According to mining news, Newmont Corp announced on Thursday its plan to sell six non-core assets, including the Éléonore mine in Quebec, the Musselwhite and Porcupine mines in Ontario, the Coffee project in Yukon, and a 70% stake in the Havieron mine in Western Australia, which is a joint venture with Greatland Gold. The world’s
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 »
