Copper has surged to fresh record highs this year, with London Metal Exchange (LME) prices climbing above $12,000 per metric ton, marking an impressive ~42% year-to-date gain, as a powerful structural shift takes hold in the market. While the initial rally was supported by short-term factors such as U.S. tariffs, a weaker dollar, and inventory…
Russia, Congo, and Botswana are three of the world’s leading diamond producers and holders of global diamond reserves. The three countries account for the majority of the world’s diamonds and are responsible for the majority of diamond production and exports. Russia is the world’s largest diamond producer and the largest holder of global diamond reserves….
Canada Nickel Company Inc. has reported high nickel recoveries from its Reid Brook nickel-cobalt-copper project located in the central part of the province of Newfoundland and Labrador. The company said that it has achieved nickel recoveries of up to 95% in its initial metallurgical test work. It added that the results have exceeded expectations and…
The Biden administration is reportedly holding off on implementing sanctions against Russia that would target the country’s aluminum industry. The sanctions, which were announced by the Trump administration in December 2020, would have imposed restrictions on Russian aluminum producer Rusal, the world’s largest aluminum producer outside of China. The sanctions were intended to punish Russia…
China is the world’s largest consumer of copper, and its economic woes have had a dampening effect on the spirits of traders in Asia. The country’s copper demand has been on the decline for the last few months due to the ongoing trade war with the United States, and the resulting slowdown in the Chinese…
The oil and gas extraction segment produces the petroleum and natural gas that heat homes, fuel cars, and power factories. Petroleum products are also the raw materials for plastics, chemicals, medicines, fertilizers, and synthetic fibers. Petroleum, commonly called crude oil or just oil, is a liquid formed under ground from the decay of plants and…
The Metals Company, formerly known as DeepGreen Metals Inc., has rekindled the race to mine the ocean floor, sparking a renewed debate over the environmental and economic implications of deep-sea mining. The company’s ambitious venture aims to extract valuable metals and minerals from the depths of the ocean, but it has ignited concerns about the…
The demand for critical minerals such as lithium, cobalt, and rare earth elements is surging, fueled by their crucial roles in clean energy technologies, electric vehicles (EVs), and advanced electronics. This escalating demand has led the mining industry to innovate in both financing and operational practices to ensure sustainable extraction. New financing models are being…
On April 6, 2021, the government of Colombia issued an order to Anglo American, a multinational mining company, to clean up a toxic coal spill in the Santurban region of the country. The spill had occurred in late March, when a coal slurry, a byproduct of coal mining, had leaked from a storage tank and…
In a momentous achievement for the mining industry, BHP, one of the world’s largest diversified resource companies, has reached a significant milestone at its Jansen potash project in Saskatchewan, Canada. The milestone marks a crucial step forward in BHP’s ambitious venture into the potash market, positioning the company to become a major player in the…