The anticipation of a remarkable coal mining jobs boom has encountered a substantial delay, eliciting discussions and concerns about the future of the coal industry and its broader economic implications. This delay can be attributed to a confluence of factors, ranging from global shifts in energy preferences to environmental regulations and technological advancements. For decades,…
Iron ore futures prices declined on Wednesday as weak economic data from China dampened investor sentiment. The benchmark February iron ore on the Singapore Exchange dropped 2.6% to $125.95 per metric ton as of 0728 GMT. Similarly, the most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) concluded daytime trade 0.75% lower at…
Lithium miners in China have resumed operations after a government investigation into the industry found no evidence of price fixing or other illegal activities. The investigation, which was launched in August, was prompted by complaints from some of China’s biggest lithium producers that the industry was being manipulated by a few large players. The Chinese…
Sibanye Stillwater Ltd. experienced a significant downturn last year, reporting a $2 billion loss due to an impairment charge against its US palladium mine. This marked a sharp contrast from the previous year when the miner posted a $1.1 billion profit. The company’s shares dropped as much as 7.4% in Johannesburg trading following the announcement….
On July 1, 2020, Essential Metals Limited (ASX: ESN) announced that it had rejected the takeover bid from China’s Tianqi Lithium Corporation and its Australian partner IGO Limited. The offer had been made in June and was valued at A$1.67 billion. Essential Metals is a specialty metals company that is focused on the exploration and…
The electric car revolution is gaining momentum in Europe, and that is good news for nickel and cobalt prices. The continent is becoming an increasingly important market for electric vehicles (EVs), and that is driving up demand for nickel and cobalt, two key components in the batteries that power EVs. The shift in focus to…
Anglo Asian Mining plc (AIM:AAZ) is a gold, copper and silver producer in Azerbaijan with a broad portfolio of production and exploration assets. The company is the first to bring modern mining practices to the country and is now a major player in the mining industry in Azerbaijan. Anglo Asian has grown its copper footprint…
Mining in Australia dates back to the early 1800s, when explorers discovered vast deposits of minerals and metals in the continent. In the 19th century, the gold rushes of the 1850s and 1860s saw hundreds of thousands of fortune seekers converge on the country in search of wealth. These gold rushes were followed by a…
Aluminum experienced a rally in London following a report by Politico suggesting that the European Union is contemplating sanctions on Russian aluminum in light of the second anniversary of the invasion of Ukraine. Prices surged by as much as 3.6% on the London Metal Exchange, driven by fresh concerns about the influx of Russian metal…
The competition for mined copper resources is anticipated to increase, posing a challenge to Chinese firms responsible for half of the world’s refined copper production. Despite significant output cuts affecting the metal market, it is unlikely that these cuts will be substantial. Chinese copper producers, primarily state-owned, face pressure to uphold or elevate production targets…