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Electric vehicles are scarce and expensive as pump prices rise to record highs 1 Uncategorized 

Electric vehicles are scarce and expensive as pump prices rise to record highs

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Spiking gasoline prices have increased Americans’ monthly bills to fuel popular pickups and SUVs by hundreds of dollars, leading more consumers to kick the tires on electric vehicles. There’s just one problem: there aren’t many such wheels to boot. Electric vehicles are in short supply in showrooms that have struggled to rebuild inventory of vehicles for more than a year, largely due to the global chip shortage. As of late last month, there were fewer than 2,200 Ford Mustang Mach-Es available in the U.S., according to Cox Automotive. Volkswagen AG… Read More Here
Gold price rebounds on ceasefire setback – Goldman targets $2,500 2 Gold International 

Gold price rebounds on ceasefire setback – Goldman targets $2,500

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Gold rebounded and rose above $2,000 once again on Thursday after talks between Ukraine and Russia failed to make any progress in halting what is considered the biggest European military crisis since World War II. Spot gold advanced 0.5% to $2,000.69 per ounce by 12:30 p.m. ET, maintaining its highest level since August 2020. Three-month US gold futures were 0.7% higher, trading at $2,003.10 per ounce on the Comex. Bullion had earlier extended its biggest decline in 14 months on hopes that talks between the countries’ foreign ministers could lead to a diplomatic solution.… Read More Here
DRC-Zambia: towards the realization of the joint project to manufacture electric batteries from local raw materials 3 Battery Metals Mining in DRC Mining in Zambia 

DRC-Zambia: towards the realization of the joint project to manufacture electric batteries from local raw materials

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As part of the cooperation agreement on the establishment of a value chain on the manufacture of batteries and clean energies in the very next few days, between the Congolese President Félix Antoine TSHISEKEDI TSHILOMBO and his Zambian counterpart Hakande HICHILEMA, the Minister of Finance, Nicolas KAZADI, took an active part in a meeting in LUSAKA in Zambia at the Presidential Palace, on Wednesday March 09, 2022. For this mission, the Minister of Finance was accompanied by the Special Advisor to the Head of State in charge of Investments as… Read More Here
DRC: Alphamin Resources needs capital of USD 116 million to develop its Mpama Sud tin project 4 Mining in DRC Mining Companies Tin 

DRC: Alphamin Resources needs capital of USD 116 million to develop its Mpama Sud tin project

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According to the results of the preliminary economic assessment (PEA) of mining company Alphamin Resources’ Mpama Sud tin project in the Democratic Republic of Congo (DRC), the company will need at least US$116 million to develop this project. This was revealed by the mining company on Monday, March 7, 2022, when publishing the results of the PEA of the said project. The same results also indicated that the deposit hosts sufficient resources to support an annual contained tin production of 7,000 tonnes. Indeed, Alphamin already produces tin in the DRC… Read More Here
Russian gold hit with de facto ban from key London market 5 Gold International 

Russian gold hit with de facto ban from key London market

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London’s gold market suspended all Russian refineries from its accredited list, meaning their newly minted bars can no longer trade in one of the world’s most important bullion centers. The London Bullion Market Association suspended all six Russian gold and silver refineries from its Good Delivery List following sanctions imposed by the U.S., European Union and U.K. on the country, the LBMA said Monday. Existing bars produced by the refiners before their suspension will still be accepted.  The decision amounts to a de facto ban on new Russian gold bars… Read More Here
De Beers achieves solid revenues in second sales cycle of the year 7 Diamond 

De Beers achieves solid revenues in second sales cycle of the year

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Diamond miner De Beers has earned revenue of $650-million from its second sales cycle this year. This follows the $660-million in revenue earned in the first cycle of the year and is an improvement on the $550-million of revenue earned in the second sales cycle of 2021. De Beers says it continues to implement a flexible approach to its global sightholder sales and auctions owing to restrictions on the movement of people and products in various jurisdictions around the world. Commenting on demand, CEO Bruce Cleaver says the second sales cycle of… Read More Here
Caterpillar soars as investors hunt for hedges against inflation 8 Equipment & Technology International Mining technology 

Caterpillar soars as investors hunt for hedges against inflation

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Caterpillar Inc. shares are headed toward the biggest five-day gain since the pandemic as investors looking for a hedge against inflation flock to the mining- and construction-equipment maker. The company’s stock climbed as much as 6.5% on Tuesday, bringing its 5-day jump to more than 14%. If the gains hold through the close, it would be the largest such move since June 2020. The S&P 500 Index, meanwhile, has fallen 3.1% in the past five sessions.  “The Russia/Ukraine crisis has fundamentally altered global commodity markets and is likely to drive… Read More Here
Gold price approaching record high as Ukraine, inflation risks mount 9 Gold International 

Gold price approaching record high as Ukraine, inflation risks mount

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Gold extended its blistering rally on Tuesday towards an all-time high as investors made a beeline for the haven metal on mounting fears about the Ukraine crisis and rising inflation. Spot gold surged 3.5% to $2,068.07 an ounce by 12:10 p.m. ET, within touching distance of its peak of $2,072.50 set in August 2020. US gold futures also jumped 4.0% to $2,076.70 an ounce in New York. “The combination of roaring energy prices, grain prices, base metal prices is culminated in dramatic inflationary pressures that continue to be the major underlying support behind… Read More Here
Namibia’s new era of hydrocarbon exploration and production 10 Energy Oil & Gas 

Namibia’s new era of hydrocarbon exploration and production

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As Namibia’s second important discovery in recent weeks, Namibia’s oil and gas industry is set to create an influx of new investment, and local content opportunities for the country. The African Energy Chamber (EnergyChamber.org) sat with Ian Cloke, COO Afentra to discuss the enormous potential of what could engineer Namibia’s new era of hydrocarbon exploration and production for the country. How will Namibia’s growing oil and gas sector transform the country’s economy? Oil and gas development, depending on the scale, can lead to a transformation of a country’s economy; delivering high skilled… Read More Here

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