Trafigura, a global commodity trading firm, has garnered notoriety in metal circles, particularly concerning its dealings in the nickel market. The company’s activities and reputation have been the subject of widespread discussion and scrutiny within the industry. This article will delve into Trafigura’s infamous status in the metal market, highlighting the reasons behind its controversial…
The European Union has been actively working to secure its supply of critical minerals, an effort that has been turbocharged in recent years. Critical minerals are those that are essential to the functioning of modern-day economies and are used in a wide range of industries, from electronics to energy. As such, they are vital to…
Many mining companies are following the following steps to extract gold from the earth surface. As technology improves more and more mining techniques are being discovered to make the work simple. Literature Survey: In India lot of government agencies are taking out verification surveys on gold mining. Among those agencies there are two main agencies….
The global push towards sustainable transportation has driven the increasing adoption of electric vehicles (EVs). With Europe at the forefront of this transition, the demand for lithium, a vital component in EV batteries, has skyrocketed. Portugal, blessed with significant lithium deposits, has emerged as a potential key player in Europe’s EV revolution. This article explores…
In a move that could significantly impact the mining industry, Russia is contemplating a new tax policy that would peg the taxation of mining firms to global metals prices. The proposed measure aims to align tax rates with market conditions, ensuring a fair and stable environment for both the government and mining companies. This decision…
The aluminum industry has been lobbying the White House to block imports of Russian aluminum into the United States, citing the threat of increased Russian influence and market manipulation in the sector. The lobbying effort, led by aluminum giant Alcoa, is part of a broader U.S. effort to pressure Russia over its military intervention in…
Zambia, the second-largest copper producer in Africa, has set an ambitious goal to increase its annual copper production to one million tons by 2027. This target represents a substantial 40% increase from current levels. The drive to expand production is fueled by significant new investments in the mining sector and the development of existing mines….
Evolution Mining, one of Australia’s leading gold producers, has secured regulatory approval to extend operations at its flagship Cowal gold project, located in the mineral-rich region of New South Wales. This pivotal approval paves the way for the company to significantly expand its production capacity, further cementing its position in the global gold mining industry….
Gold plunged to its lowest since April 2020 on Thursday amid expectations of more aggressive interest rate hikes by the Federal Reserve despite a fresh round of mixed data on the US economy. Spot gold dipped 0.4% to $1,688.24 per ounce by 11:50 a.m. ET, having already fallen below the $1,700 mark earlier in the…
Sirius Minerals, a London-based mining company, has announced a major deal with a major Asian partner that will help it to develop its flagship project in the North York Moors in the UK. The deal, worth an estimated £2.5 billion, will see Sirius Minerals partner with the Japanese trading house Mitsui & Co Ltd to…