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Copper price dips as investors fear economic slowdown 1 Copper International 

Copper price dips as investors fear economic slowdown

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The copper price fell on Tuesday, pressured by fears of slowing global economic growth. Copper for delivery in July fell 0.75% from Monday’s settlement price, touching $4.31 per pound ($9,488 per tonne) midday Tuesday on the Comex market in New York. “Central banks are maintaining their hawkish stance to try to kill inflation, and killing inflation will also kill the economy,” said WisdomTree analyst Nitesh Shah, predicting further price pressure in the coming months. However, he agreed with many other analysts who say the long-term outlook for copper remains strong… Read More Here
As of May 25, 2022, a tonne of cobalt is trading at USD 74,645.00 on the international market 2 Copper Cobalt Zinc 

As of May 25, 2022, a tonne of cobalt is trading at USD 74,645.00 on the international market

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The cobalt market has not registered any significant advances for nearly a week in the international market. To date, a tonne of cobalt is trading at 74,645.00 USD on the London Stock Exchange against 74,670.00 USD for the week, representing a slight drop in price of around 25 USD. Two weeks ago, a ton of cobalt was sold at 81,485.00 USD on the international metal market. As one of the producing and exporting countries of this raw material, the Democratic Republic of Congo (DRC) keeps an eye on the development… Read More Here
Glencore agrees to pay more than 1.2 billion USD in the United States to settle its corruption cases 3 Mining in DRC Mining Companies 

Glencore agrees to pay more than 1.2 billion USD in the United States to settle its corruption cases

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Mining and commodities trader Glencore has settled investigations into corruption and market manipulation in the UK and US that have dogged the company for years. In February, Glencore announced it had set aside $1.5 billion to cover settlement costs in the US, UK and Brazil, and the company confirmed it would appear in court. in the United States on Tuesday under “proposed resolutions” to investigate his activities. Later in the day, the UK’s Serious Fraud Office (SFO) charged Glencore with seven counts of corruption in Cameroon, Equatorial Guinea, Ivory Coast,… Read More Here
China's Huayou Cobalt to invest $300m in Zimbabwe lithium mine 4 Cobalt Lithium 

China’s Huayou Cobalt to invest $300m in Zimbabwe lithium mine

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China’s Zhejiang Huayou Cobalt plans to invest $300-million on rapid development of a lithium mine and processing plant at its newly acquired Arcadia project in Zimbabwe, according to company documents seen by Reuters on Tuesday. Huayou, one of the world’s biggest producers of cobalt, recently completed a $422-million purchase of the hard-rock lithium mine just outside Harare from Australia-listed Prospect Resources PSC.AX and other Zimbabwean minorities.  “We intend to develop the project rapidly over the next year and invest around $300-million to develop the mine and construct a process plant with a capacity… Read More Here
WHY FQM’S $1.35 BILLION INVESTMENT IS GOOD FOR ZAMBIA 5 Mining in Zambia Copper Mining Companies 

WHY FQM’S $1.35 BILLION INVESTMENT IS GOOD FOR ZAMBIA

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 Earlier this month First Quantum Minerals (FQM) announced a mammoth US$1.35 billion package of new projects, with US$1.25 billion to be invested in expansion of our Kansanshi operations in Solwezi – known as the ‘S3’ project – and a final US$100 million to start the $250 million Enterprise nickel project in Kalumbila. The announcement was hailed as a game-changer for the nation, and the first step on the road towards the Government’s New Dawn for Zambia’s mining sector, in which it has set out its vision for the country to… Read More Here
Tin falls and records a loss of 4,687.5 USD per ton in one week 6 International Tin 

Tin falls and records a loss of 4,687.5 USD per ton in one week

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After registering a remarkable drop in price in the international market last week, down to USD 2,981.25 per ton, tin could remain on this steep slope during this week. In its weekly report on the general trend in the prices of mining products exported from the Democratic Republic of Congo on the international market, the National Mercurial Commission notes a new drop in the price of tin. This product is expected to trade at $35,381.25 per ton this week from $40,068.75 per ton. In one week, tin recorded a drop… Read More Here
6.6 million electric cars sold in 2021, tensions over raw materials are the risk factors for this sector 7 Battery Metals International Lithium 

6.6 million electric cars sold in 2021, tensions over raw materials are the risk factors for this sector

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Despite its undeniable rise in the automotive market in recent years, the electric car automotive industry will face several risks related to the supply of raw materials. According to a report by the International Energy Agency (IEA), lithium needs are particularly critical. They are expected to increase sixfold by 2030, to 500 kilotonnes, requiring the opening of 50 new mines. These minerals are extracted mainly in countries such as Australia, Chile or the Democratic Republic of Congo, considered as the new destination for this market. But China produces three-quarters of lithium-ion… Read More Here
copper down to USD 9,201 per ton but still maintains a profitable price level  8 Cobalt Copper Mining in DRC Zinc 

copper down to USD 9,201 per ton but still maintains a profitable price level 

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The trend is downward in the prices of mining export products from the Democratic Republic of Congo during this week from May 23 to 28, 2022, according to projections by the National Mercurial Commission of the Ministry of Foreign Trade. The only product on the rise this week is tantalum which is trading at 391.25 USD per Kg against 390.00 USD per Kg last week, generating a positive price difference of 1.25 USD. Copper therefore shows a downward trend on the market this week at 9,201.70 USD per tonne against… Read More Here
Signing of a joint decree granting 0.3% turnover of 12 mining companies, for the benefit of community development projects- DRC 9 Mining in DRC Mining Companies 

Signing of a joint decree granting 0.3% turnover of 12 mining companies, for the benefit of community development projects- DRC

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With a view to contributing to development projects in the mining sector, the Minister of Mines, Antoinette N’samba Kalambayi, and the Minister of Social Affairs, Modeste Mutinga, signed last Friday in Kinshasa an interministerial decree approving the procedure for managing the endowment of 0.3% of turnover. This is revealed in a press release from the Ministry of Mines.  The boss of the Mines of the DRC, indicated that 12 mining projects are retained a priori for the benefit of the communities not only bordering but also bruised worthy of this surge… Read More Here
Cat to have prototype battery electric trucks running in 2022 10 Equipment & Technology International Mining technology 

Cat to have prototype battery electric trucks running in 2022

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In its 2022 Investor Day presentation on May 17, Caterpillar Inc through Group President of Resource Industries – Denise Johnson – gave more insight than before on the timeline for development and introduction of its battery electric zero emissions mining trucks. She mentioned first of course the zero emissions machine agreements that have been made with customers to date with BHP, Rio Tinto, Newmont, Teck and NMG. “These agreements are primarily focussed on the deployment of battery electric zero emissions trucks…we are focussed initially on introducing four zero emission truck… Read More Here

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