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,…
China’s top coal supplier, the China National Coal Group Corporation (China Coal), has switched to more costly auctions in order to secure a stable supply of coal for its customers. The move is part of the company’s efforts to combat the country’s growing energy crisis. China Coal, which is the largest coal producer in the…
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…
In recent times, the global copper market has been undergoing a significant shift, marked by the emergence of a supply-demand imbalance that has led to what experts are terming an “age of extremely large deficits.” This development has far-reaching implications for various industries and economies around the world, given copper’s indispensable role as a foundational…
Botswana and the mining company De Beers have announced a new diamond sales deal. This agreement, finalized on Friday, grants Botswana a larger share of rough diamonds from their joint venture. Debswana, a joint venture between De Beers, a unit of Anglo American, and the Botswana government, sells 75% of its output to De Beers,…
In an exciting development for the Brazilian mining industry, Serra Verde has announced the commencement of the commissioning process for its highly anticipated rare earths mine. This milestone marks a significant step forward in Brazil’s ambitions to tap into its vast reserves of rare earth minerals and reduce its dependency on foreign imports. The Serra…
In recent years, the world’s attention has been drawn to the potential of South America to become a major player in the global lithium market. The region is home to some of the world’s most abundant reserves of the light metal, which is used in batteries for electric cars, laptops and other electronic devices. As…
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…
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…
In a significant development for the mining industry, the Responsible Copper Mining Framework, which has gained traction in recent years, is being extended to encompass the extraction of nickel, zinc, and molybdenum. This expansion marks a critical step forward in promoting responsible and sustainable practices within the resource extraction sector, addressing environmental, social, and economic…
