Nickel’s electric dreams turn into a pricing nightmare : The electric vehicle (EV) market is booming. With the rise of Tesla and other electric car manufacturers, more and more people are looking to make the switch to electric. But as the market grows, so too do the prices of these cars. This has led to…
Glencore, one of the world’s largest commodities trading and mining companies, is reportedly mulling offers for its CSA copper mine in Australia. The Swiss-based company is said to be in discussions with several interested parties, including a consortium led by private equity firm EMR Capital. The CSA copper mine, located in Cobar, New South Wales,…
Aluminum production has come under threat as Australian Prime Minister Scott Morrison announced the nation’s ban on exports of alumina, an ingredient of aluminum. The ban, which came in response to Russia’s involvement in the poisoning of opposition figure Alexei Navalny, is likely to have far reaching implications—particularly on production of the light metal and…
The closure of the last zinc smelter in Europe has added to the conundrum of how to meet the rising global demand for zinc. The closure of the French smelter in Salindres in December 2019 has left Europe without an integrated zinc smelter and has put pressure on the global zinc market. Zinc is an…
The recent approval of the Pan American Silver-Yamana Gold deal by Mexican authorities has attracted attention within the mining industry and financial markets. The deal involves the acquisition of the Mercedes gold-silver mine in Mexico by Pan American Silver Corp. from Yamana Gold Inc. This development holds implications for the companies involved, the local economy,…
Magnesium is the third most used metal, following iron and aluminium. Magnesium derives its name from magnesite, a magnesium carbonate mineral, and this stone in turn is told to owe its name to magnesite dumps found in Magnesia, a region in the antique Greek region of Thessaly. The British chemist Humphry Davy is said to…
Saudi Arabia has increased its projections for untapped mineral resources, encompassing phosphate, gold, and rare earths, to $2.5 trillion, a significant upward revision from the 2016 forecast of $1.3 trillion, as indicated by the country’s mining minister. This reflects Riyadh’s strategic emphasis on diversifying its economy away from oil dependence, with a focus on harnessing…
In a groundbreaking move set to reshape the global lithium market, Lithium One Metals and Norris Lithium have officially announced their plans to merge, creating a formidable force in the race to meet the soaring demand for lithium, a vital component in renewable energy and electric vehicle (EV) batteries. The merger, which has been in…
In recent months, the European Commission has been weighing the possibility of imposing sanctions on Russia’s mining industry. This follows a series of aggressive moves by the Kremlin, including its annexation of Crimea, its involvement in the ongoing conflict in eastern Ukraine, and its alleged interference in the 2016 US presidential election. The European Commission…
AngloGold Ashanti, the world’s third-largest gold producer, has announced that it is putting its Crixas gold mine in Brazil up for sale. The company said that the decision to divest the mine was part of its ongoing strategy to focus on its core operations and to reduce its exposure to countries with high political and…