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Sunresin’s Lithium Extraction Technology Opens a New Chapter in Southwest China 5 International Lithium Mining technology 

Sunresin’s Lithium Extraction Technology Opens a New Chapter in Southwest China

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On January 10, Sunresin and Tibet Mineral Development Co.,Ltd signed a 10,000-ton lithium hydroxide contract featuring the Jiezechaka Salt Lake. According to the contract, Sunresin will undertake the construction of the 10,000-ton/year lithium hydroxide production line from salt brine, and provide operation management services for a period of 15 years, contributing to a total of 150,000 tons of standard lithium hydroxide to the market. The contract also includes the intention for Sunresin to provide services for the construction and operation management of the second phase of 20,000 tons and the… Read More Here
DRC: cobalt almost at 70,000 USD per ton on the international market 6 Cobalt Copper Gold Mining in DRC 

DRC: cobalt almost at 70,000 USD per ton on the international market

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While the general trend is downward for the main export minerals of the Democratic Republic of Congo, cobalt continues to improve on the international market, according to projections by experts from the National Mercurial Commission of the Ministry of Foreign Trade, which is piloting Jean-Lucien Bussa. Cobalt is trending up this week and is trading at $69,921.00 from $69,688.00 this week, a positive gap of $233. The other mineral on the rise is tin. This ore is trading this week at 40,615 USD against 39,630 USD last week, a positive price… Read More Here
Caledonia’s Blanket mine exceeds full-year production guidance 7 Gold 

Caledonia’s Blanket mine exceeds full-year production guidance

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Gold miner Caledonia Mining achieved record production of 67 476 oz of gold from the Blanket mine, in Zimbabwe, during 2021, exceeding its revised increased guidance. Output was also 17% higher year-on-year. For the quarter ended December 31, 2021, production was 18 604 oz – a 24% increase on the 15 012 oz produced in the corresponding period of the prior year. Gold production for 2022 is expected to be between 73 000 oz and 80 000 oz. Caledonia has achieved more than 2.4-million fatality-free shifts since 2018. “This has been an… Read More Here
De Beers makes diamond buyers cough up cash with fresh price rise 8 Diamond 

De Beers makes diamond buyers cough up cash with fresh price rise

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De Beers has implemented its biggest price increase for diamonds in years as the industry consolidates its recovery from the first pandemic-induced shutdowns. The Anglo American unit hiked prices by about 8% at its first sale of the year, according to Bloomberg. The sharpest increases of up to 20% were for smaller, cheaper stones. The changes at the January sight, which runs from Monday to Friday this week, reflected buoyant polished sales during the recent US festive period, as well as a hot rough market. The company increased the price of… Read More Here
Gold steady as investors weigh policy outlook, omicron concerns 9 Gold International 

Gold steady as investors weigh policy outlook, omicron concerns

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Gold was steady as investors weighed the outlook for tighter monetary policy and the threat of the omicron virus variant to the global economic recovery. Billionaire investor Bill Ackman said the Federal Reserve is losing its battle against inflation and should raise its key interest rate by a bigger-than-expected 50 basis points in March to “restore its credibility.” Facing pressure from Congress and the public to tackle the hottest inflation since the 1980s, a chorus of officials this month floated raising rates in March and the potential need to hike as many… Read More Here
Barrick Gold estimates set the price of an ounce of gold above 1700 USD in 2022 10 Gold International 

Barrick Gold estimates set the price of an ounce of gold above 1700 USD in 2022

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According to Mark Bristow, Gold should trade between 1750 US dollars and just over 1800 USD per ounce in 2022. A declaration made in Riyadh, on the sidelines of the first major mining conference in Saudi Arabia. The boss of Barrick Gold believes that the risks of falling gold prices in 2022 are lower. “I don’t think there’s a lot of downside risk,” he explained. Meanwhile, other analysts see gold falling considerably this year, in particular because of the increase in the key rate of the American Federal Reserve, which would… Read More Here

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