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Rise in battery costs to keep lithium price rallying — report 1 Battery Metals Lithium 

Rise in battery costs to keep lithium price rallying — report

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Lithium prices have rallied in 2021 and are now at record-high levels, amidst the sharp acceleration in demand during a global supply struggle. In its latest industry report, market analyst Fitch Solutions revised up significantly both its lithium carbonate and hydroxide price forecasts from 2021 to 2026, to incorporate higher global EV sales assumptions from its Autos team and subsequent stronger lithium demand for batteries. Fitch was expecting prices to remain on an uptrend over 2021-2022. The analyst launched the new lithium price forecast in May 2021, but lithium prices have rallied beyond… Read More Here
Gold and climate change 2 Gold 

Gold and climate change

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The World Gold Council and its members recognise that climate change imposes very substantial risks to the global economy and socio-economic development. Policy makers, industry stakeholders, asset owners, investors, and wider society are now eager for a greater understanding of these risks and their potential consequences, and how they might be mitigated or managed in future. To contribute to a clearer, more consistent appreciation of how climate-related risks (and opportunities) might impact the future prospects of the gold industry, we have undertaken a programme of research, in collaboration with leading… Read More Here
‘Normalization of Zambia’s fiscal restrictions significant in the country’s efforts to attract fresh investment’ 3 Mining Companies 

‘Normalization of Zambia’s fiscal restrictions significant in the country’s efforts to attract fresh investment’

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According to Mark Bristow, CEO of Barrick Gold, the normalization of Zambia’s fiscal restrictions was “a very significant event” in the country’s efforts to attract fresh investment. Zambian tax policies were revised in its national budget last week, just two months after Hakainde Hichilema was elected as the country’s new president. Mining royalties are now deductible from corporation tax under new laws, overturning a contentious decision made by Hichilema’s successor, Edgar Lungu. Barrick Gold operates the Lumwana copper mine in Zambia which is on course to contribute roughly 20% of… Read More Here
Gold price rally stalls as China data shows growth stabilizing 4 Gold International 

Gold price rally stalls as China data shows growth stabilizing

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Gold steadied as investors mulled what’s next for inflation and monetary policy, while scrutinizing better-than-expected economic data from China. Bullion finished last week at its highest since June as accelerating price pressures rocked bond markets and fueled demand for the traditional haven. Treasuries are steadier on Monday as investors await public appearances by Federal Reserve officials and other central bankers in coming days. In China, a flurry of figures on everything from industrial output to retail sales showed the country’s economy stabilizing as spending improved and power supply picked up.… Read More Here
Copper price rises as investors cheer Xi-Biden talks 5 Copper International 

Copper price rises as investors cheer Xi-Biden talks

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Copper prices rose on Tuesday as the dollar weakened and risk sentiment improved on positive developments from a meeting between US President Joe Biden and Chinese leader Xi Jinping. Three-month copper on the London Metal Exchange rose 0.4% to $9,711.50 a tonne, while the most-traded December copper contract on the Shanghai Futures Exchange edged up 0.2% to 71,070 yuan ($11,154.01) a tonne. The dollar eased broadly against riskier currencies and the yuan scaled a five-month high, as talks between the two presidents seemed to have an amicable start. Biden and Xi… Read More Here
Ivanhoe Mines records a profit of $85.4 million in Q3 6 Copper Mining in DRC New Mining Projects 

Ivanhoe Mines records a profit of $85.4 million in Q3

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 Ivanhoe Mines (TSX: IVN; OTCQX: IVPAF) today announced its financial results for the three and nine months ended September 30, 2021. This quarter marks the first quarter of commercial production at the company’s Kamoa-Kakula Copper joint-venture in the Democratic Republic of Congo (DRC). Ivanhoe Mines also is advancing development of the Platreef palladium-rhodium-platinum-nickel-copper-gold discovery in South Africa, which is scheduled to begin production in 2024, and is upgrading the historic Kipushi zinc-copper-lead-germanium mine, also in the DRC, for a resumption of production. Ivanhoe also is exploring for new copper discoveries on… Read More Here
Researchers push for more accurate battery metals demand forecasts 7 Battery Metals Cobalt International Lithium 

Researchers push for more accurate battery metals demand forecasts

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Common assumptions that state that demand for battery metals will continue to increase for the foreseeable future, as they are essential for high-performance lithium-ion batteries, may be misleading, a new report by CSIRO states. According to Australia’s national science agency, unsophisticated models based on current supply levels and basic recycling rates are promoting many mischaracterizations of the real opportunities in both metal mining and recycling. In the view of the experts at CSIRO, such models ignore the dynamics of materials flows on a global scale and the expected changes in underlying technologies. “Metal… Read More Here
Ivanhoe Mines promotes David van Heerden as Chief Financial Officer 8 Mining Personality 

Ivanhoe Mines promotes David van Heerden as Chief Financial Officer

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Ivanhoe Mines (TSX: IVN; OTCQX: IVPAF) Co-Chairs Robert Friedland and Yufeng “Miles” Sun are pleased to announce that the company has promoted David van Heerden to the position of Chief Financial Officer, effective November 12, 2021. Mr. van Heerden’s appointment allows Marna Cloete to focus solely on her role as Ivanhoe’s President. Ms. Cloete has held the dual roles of President and CFO since her appointment as President in March 2020. Mr. van Heerden has been with Ivanhoe Mines since 2011, and has held progressively senior finance roles, most recently… Read More Here
Antoinette N'SAMBA KALAMBAYI and Bronte Roules discuss investments in DRC mining sector! 10 Mining in DRC 

Antoinette N’SAMBA KALAMBAYI and Bronte Roules discuss investments in DRC mining sector!

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Having understood the major concern of the Minister of Mines, Antoinette N’Samba Kalambayi to participate in the development of the country in its sector, the Ambassador of Australia, Bronte Roules came personally to feel the realities on the ground. This Friday, November 12, 2021, in the morning, the Australian diplomat was received in audience by the boss of the mines, Antoinette N’Samba Kalambayi in her office in Gombe. On the agenda of their interview, the possibility of Australian investments in the mining sector in the DRC. In addition, the two… Read More Here
DRC: Didier Budimbu announces the launch of a call for tenders in January 2022 to award the oil blocks 11 Mining in DRC Oil & Gas 

DRC: Didier Budimbu announces the launch of a call for tenders in January 2022 to award the oil blocks

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A call for tenders for the allocation of oil blocks in the Democratic Republic of the Congo will be launched in January 2022, through the Ministry of Hydrocarbons. The announcement was made on Wednesday November 10, 2021 by Didier Budimbu, Minister of Hydrocarbons in the DRC, from Dubai in the United Arab Emirates where he is taking part in the 27th edition of Africa Oil Week. According to him, the Democratic Republic of Congo is full of many opportunities likely to boost the global economy and so far, the country… Read More Here

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