Former executives from Fortescue’s clean energy initiatives, Michael Masterman and Bart Kolodziejczyk, have initiated a startup focused on reducing carbon emissions in the Australian iron ore sector. Notably, their approach differs from the hydrogen and membrane technology endorsed by their previous employer. Having secured $10 million in seed funding this week, primarily from venture capital…
Global Lithium, a leading mining company specializing in the extraction of lithium resources, has recently announced significant extensions to its Manna deposit located in Australia. This breakthrough development underscores the company’s dedication to meeting the growing global demand for lithium, a crucial element powering the rapidly expanding electric vehicle (EV) market and renewable energy sector….
Gold mining is a crucial economic activity worldwide, contributing significantly to the development of numerous countries while impacting the global economy. The extraction of gold involves various methods, technologies, and regulations that differ across regions. Key Gold-Producing Countries Methods of Gold Mining Environmental and Social Impact Gold mining has significant environmental impacts, including habitat destruction,…
In a significant development for the global lithium industry, Tianqi Lithium Australia, a subsidiary of Tianqi Lithium Corporation, has achieved a milestone by producing Australia’s first battery-grade lithium hydroxide. This breakthrough marks a crucial step forward in the production of high-quality lithium compounds needed for the booming electric vehicle (EV) and renewable energy sectors. The…
Uranium mining stocks rose on Thursday after the United States government announced it was considering imposing sanctions on Russia’s state-controlled nuclear energy company, Rosatom, in response to the country’s alleged interference in the 2020 presidential election. The news sent uranium mining stocks higher as investors bet that the potential sanctions would limit Russia’s ability to…
The value of metals is determined by various factors, including rarity, industrial usage, and investment demand. Here are ten of the most precious metals that are mined: Gold: Gold has been highly valued throughout history for its beauty and rarity. It is used in jewelry, electronics, and as an investment. Platinum: Platinum is a dense,…
Glencore and Trafigura are urging Asian smelters to agree to lower spot prices for the conversion of mined copper into metal this year, challenging the traditional industry benchmarks that are considerably higher, according to three sources familiar with the situation. Traditionally, the industry has relied on annual benchmarks, known as treatment charges (TCs), for contracts…
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…
In the rolling hills of California, a new Gold Rush has emerged, but this time, it’s not gold that’s drawing the crowds – it’s diamonds. Yes, the California Diamond Rush is in full swing, with prospectors flocking from all corners of the globe, armed with nothing but their smartphones and designer pickaxes. Imagine a scene…
Iron ore prices have surged to their highest level in six months, as China plans to introduce more stimulus measures to boost economic growth. The price of iron ore, the key ingredient in steel production, rose to $90.70 a tonne on Monday, the highest level since early October 2019. The surge was driven by reports…