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Battery metals are critical over the next decade, Roskill says 1 Cobalt International Lithium Mining in DRC Nickel 

Battery metals are critical over the next decade, Roskill says

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The growing adoption of electric vehicles (EVs) is driving the increasing demand for lithium, nickel and cobalt – critical metals used as cathode materials for lithium-ion batteries in the automotive, energy and electronics industries. According to Deloitte’s Electric Vehicle Trends, EV sales are forecast to grow from 2.5 million in 2020 to 11.2 million by 2025, and to 31.1 million by 2030. Analysts from Roskill, a commodity research firm and a leader in critical materials supply chains, provide an outlook on battery metals’ markets over the next decade. Lithium Global demand for… Read More Here
Can Tshisekedi really revive DRC’s Grand Inga Dam vision? 5 Mining in DRC Energy 

Can Tshisekedi really revive DRC’s Grand Inga Dam vision?

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Will Democratic Republic of the Congo (DRC) president Félix Tshisekedi at last turn the Grand Inga Dam mirage into the Grand Inga Dam barrage? The dream of harnessing the mighty Congo downstream of Kinshasa to eventually generate up to 50,000 MW of electricity has been dangled before the largely unelectrified Congolese and the outside world for decades. Tshisekedi, who took office two years ago, has made Inga a priority, at least rhetorically – not only for the DRC but for Africa. He told parliament on 14 December the 11 GW Inga 3… Read More Here
AVZ lands more long lithium hits in DRC 6 Mining in DRC Lithium 

AVZ lands more long lithium hits in DRC

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AVZ Minerals’ resource drill out continues to impress with broad drill intersections of pegmatite discovered in the Roche Dure pit floor at the company’s massive Manono lithium and tin project in the Democratic Republic of the Congo. AVZ says the project will spit out an incredible US$400 million a year in average EBITDA when fully developed. The eye-catching EBITDA in last year’s definitive feasibility study on Manono was calculated based on 100 per cent ownership of the asset. AVZ currently holds 60 per cent of the project and has an… Read More Here
Sinomine finally starts producing key minerals for Chinese industry 7 Copper Mining in Zambia New Mining Projects 

Sinomine finally starts producing key minerals for Chinese industry

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Chinese public sector company Sinomine, which has until now provided geological, engineering and logistics services to other mining firms, has just begun producing copper in Zambia on its own account for the needs of Chinese industry. ABOUT SINOMINEZambia Sinomine Resource Geological Engineering Co., Ltd was established in 2013 by separating from Zambia Nonferrous Metals Exploration & Construction Company Limited. Its main business include geological exploration, engineering investigation, engineering survey, ground and foundation engineering, rock and mineral analysis, mining investment, overseas exploration logistics services, etc. It is a wholly-owned subsidiary of… Read More Here
Iron ore price highest since 2011 on demand outlook in China 8 International Iron Ore 

Iron ore price highest since 2011 on demand outlook in China

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Iron ore prices jumped on the first day of trading since the Lunar New Year in China, reaching their highest level since September 2011. According to Fastmarkets MB, benchmark fines of 62% Fe imported into northern China (CFR Qingdao) changed hands to $ 175.05 a tonne, up nearly 4.9% from Wednesday’s trade and by 9% since the beginning of the year. Brazil’s daily 65% ​​Fe iron ore index rose 4.2% to a record $ 198 a tonne. In China, labor force participation rates did not slow down as much as… Read More Here
Huawei turns to pig farming as smartphone sales fall 9 International 

Huawei turns to pig farming as smartphone sales fall

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Huawei is turning to technology for pig farmers as it deals with tough sanctions on its smartphones. The Chinese telecoms giant was stopped from accessing vital components after the Trump administration labelled it a threat to US national security. In response to struggling smartphone sales, Huawei is looking at other sources of revenue for its technology. Along with Artificial Intelligence (AI) tech for pig farmers, Huawei is also working with the coal mining industry. Former US President Donald Trump claimed Huawei can share customer data with the Chinese government, allegations… Read More Here
Barrick beats profit estimates on higher gold prices 10 Copper Gold 

Barrick beats profit estimates on higher gold prices

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Canadian miner Barrick Gold reported a quarterly profit on Thursday that beat analysts’ estimates, helped by a jump in gold prices due to coronavirus-induced economic uncertainty. The company’s US-listed shares were up 2.4% at $21.33 before the bell. Gold prices touched record highs in 2020, as investors flocked to the safe-haven asset while the Covid-19 pandemic roiled the global economy. In the fourth quarter, market prices averaged $1 875/oz, 26.4% higher than a year earlier. Barrick said its all-in sustaining costs (AISC) for the reported quarter, an important metric for miners, rose to $929/oz  from… Read More Here
Mines push on as SA plays catch-up 11 Uncategorized 

Mines push on as SA plays catch-up

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Omnia Group company BME says South Africa needs to do more to benefit from the looming demand peak in ‘green minerals. Ralf Hennecke, General Manager, Technology and Marketing at Omnia Group company BME said mines have been very successful in containing COVID-19 infections, allowing most operations to return to almost normal production levels, vital to preserving operations and jobs, and to make the most of improved metal prices. “With the global drive to decarbonisation, there is a great future for commodities like the platinum group metals, copper, cobalt and lithium,”… Read More Here
Metso Outotec launches services certification 12 Mining technology 

Metso Outotec launches services certification

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Finnish mining engineering company Metso Outotec has launched a certification training programme for its services division. Metso Outotec said the Services Certification programme will be used to develop and standardise expertise among the firm’s 3,000 field services professionals and their support staff. Staff who take part in the course will undergo three training levels including on-the-job work experience. “Our customers have already expressed strong confidence in our service experts’ knowledge and technology competences. With the development program, the expertise is officially validated and standardized across the world,” said Markku Teräsvasara, president,… Read More Here
Gold records fifth price drop in two months 13 Gold International 

Gold records fifth price drop in two months

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Gold prices fell to their lowest level in over two months on Wednesday as surging bond yields and the strengthening US dollar continued to weigh on the precious metal. Spot gold is heading for its fifth consecutive decline, down 1.1% to $ 1,775.04 an ounce at 11:40 a.m. EST. US gold also fell 1.4% to $ 1,773.00 an ounce in New York. Rising inflation expectations pushed US Treasury yields to their highest level since late February 2020. Breakeven inflation, a measure of expected inflation, is at its highest since August 2014… Read More Here

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