News Categories

Argentina’s mining sector holds off investments as presidential election looms

6 September 2019 - 19:52
Argentina’s mining industry is following closely what opposition candidate Alberto Fernández, the front-runner for October’s presidential election, has to say when it comes to resources exploitation and foreign investment, as worries about the potential Peronist government turning to protectionist measures and populist policies.

Indonesian nickel ore export ban – implications for nickel supply

5 September 2019 - 20:33
In theory, Indonesia only allowed exports of ore grading below 1.7% Ni. Current developments in Indonesia, by the likes of QMB and Huayou, to construct leaching plants to process limonite ore grading below this level mean that the “low grade” ores can now be processed domestically.

China’s CATL becomes Pilbara Minerals’ knight in shiny armour

4 September 2019 - 19:20
China’s largest lithium battery maker has bought an 8.5% stake in Australian miner Pilbara Minerals (ASX:PLS), both companies said on Thursday, after falling prices caused mainly by oversupply drove the lithium producer to raise equity to fund working capital.

Chilean legislators reject lithium expropriation

4 September 2019 - 19:12
Chilean legislators have rejected a bill allowing the expropriation of private companies involved in lithium mining in the country, which would have left the door open for the state to take over firms such as Albemarle and SQM, the world’s No. 1 and second largest producers of the battery metal.

Indonesia’s nickel ban shows resource nationalism on the march

3 September 2019 - 15:43
Indonesia will enforce a complete ban on the export of raw nickel ore from Jan. 1, two years earlier than planned, as the nation seeks to lock in supplies for dozens of smelters that are under construction and buttress a drive to build out local processing capacity, an official said.

India: Ferro Silicon Prices Maintained Despite Improving Demand

3 September 2019 - 14:55
Ferro Silicon prices moved down in Bhutan despite improving demand. Producers are cutting down prices to entice buyers. However, the demand remains scattered, a few producers are enjoying good demand whereas others are reducing prices and hence, the overall prices are getting affected. Producers in Bhutan were undercutting prices since last week and now the producers have reduced their offer prices as they are facing a cash crunch in the month-end. Many producers are low in inventory.

Junior financing evaporates as cobalt, lithium prices slump

29 August 2019 - 18:16
In the second quarter this year, cobalt and lithium prices dropped to the lowest point in more than two years, driven by short-term oversupply which is taking longer than anticipated to correct.

Chinese-owned nickel plant spills waste into Papua New Guinea bay

28 August 2019 - 22:34
Waste from a nickel plant in Papua New Guinea owned by Metallurgical Corporation of China spilled into the adjacent Basamuk Bay over the weekend, three sources told Reuters on Wednesday.

China Molybdenum says giant Congo copper mine is losing money

21 August 2019 - 21:31
The Chinese operator of the Democratic Republic of Congo’s largest copper producer has told employees that it’s struggling to make money as the collapse of cobalt and copper prices hits miners in the country.

Glencore could do for cobalt what it did for zinc – double the price

21 August 2019 - 21:08
The price of cobalt is up 18% over the last two weeks after Glencore announced it is halting operations at its Mutanda copper-cobalt mine in the Congo – until at least 2021.
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