Copper three-month contract prices fell to USD$7,540/t last week, the lowest level since November 2020. Despite copper’s essential role in future energy transition, current headwinds continue to point to falling prices.
Merafe Resources published a US$1.80/lb Cr price for the Q3 2022 European ferrochrome benchmark, dropping 16.7% compared to the Q2 price of US$2.16/lb Cr.
Last week, Shell & AMG Recycling, Aramco, and UCI announced plans to construct and operate a Metals Reclamation Complex for the recovery and recycling of metals in Saudi Arabia.
The last week has seen news of investment at Kisanfu but suspension of sales and marketing at Tenke Fungurume.
Emirates Global Aluminium (EGA) is planning to commission a captive silicon metal plant in the UAE to de-risk the company’s import reliance of its aluminium business.
Australian-based mining company Wyloo Metals, which completed its acquisition of Noront Resources in April, has restarted exploration in Canada’s Ring of Fire with a drilling program at Blue Jay.
The Critical Minerals Intelligence Centre is intended to improve the resilience of the UK’s critical mineral supply chain by providing policymakers with up-to-date data and analysis on supply, demand, and market dynamics.
Yukon-based mining company Fireweed Metals has signed a binding letter of intent to buy the Mactung tungsten mine project for US$15M from the Northwest Territory government in Canada.
The fallback reflects the weak global environment marked by the Ukrainian conflict, rising inflation and interest rates, growing recession concerns, and China’s zero-COVID policy.
The UK government imposed economic measures on Vladimir Potanin, the president of Nornickel, in its latest escalation of sanctions against Moscow.
Siemens Energy, the German-based energy technology provider, along with Air Liquide, the French-based industrial gases supplier, are setting up a joint venture (JV) to produce industrial-scale green hydrogen electrolyser capacity in a bid to make green hydrogen more competitive more quickly.
Rainbow Rare Earths, in collaboration with K-Technologies, has announced the successful extraction of rare earth elements using a newly developed process flowsheet utilising phosphogypsum stacks at the company’s Phalaborwa project in South Africa.
Australian rare earth element (REE) company, Hastings Technology Metals, has agreed to acquire full ownership of the Yangibana joint venture (JV) tenements.
Container shipping and global value chains have been disrupted and many countries have had to look further afield for suppliers of oil, gas and grain in the wake of the Russian war in Ukraine.
South African state-owned logistics group Transnet plans to issue a tender for new locomotives in July with a shortage of trains available for mining industry customers to haul their products to the ports.
Following a failed USD$675M New York listing earlier this year, the UK company has announced it is close to securing private finance to back its EU and US expansion plans.
Jervois expects first cobalt ore through the mill at its Idaho Cobalt Operations (ICO) in October 2022 and full rate ore processing by February 2023.
Adani New Industries Limited (ANIL) will be the platform used by TotalEnergies and AEL for the production and commercialisation of green hydrogen in India.