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Copper Anticipated to Stay Below USD 9,000 Per Tonne This Week 1 Copper Mining in DRC 

Copper Anticipated to Stay Below USD 9,000 Per Tonne This Week

Constance
The projections put forward by experts from the National Commission on Mercurial Prices indicate that the price of copper should fall slightly during the period from February 6 to 11, 2023 on the international market. According to these experts from the Congolese Government, a ton of copper should sell this week at 9,221.40 USD against 9,265.15 USD per ton last week, a slight drop of around -43.75 USD. . On the international market, copper fell amid doubts about the recovery in demand, tensions between China and the United States and… Read More Here
Cobalt, zinc, tin and Gold prices up this Week 2 Mining in DRC Battery Metals Copper Gold 

Cobalt, zinc, tin and Gold prices up this Week

Constance
The main mining products exported from the Democratic Republic of Congo (DRC), in particular cobalt, zinc, tin and gold, should register a slight price increase on the international market for the period from February 6 to 11, 2023. C This is what the National Commission for Mercurial Prices of the Ministry of Foreign Trade indicates in its weekly report on the evolution of the prices of mining and agricultural products and forest menus in the Democratic Republic of Congo (DRC). According to this structure, cobalt should be trading this week… Read More Here
DRC Seeks Increased Participation in Mining at 2023 Indaba in Africa 3 Mining in DRC Events & Expos News in Brief 

DRC Seeks Increased Participation in Mining at 2023 Indaba in Africa

Constance
Visible through two stands at the opening of the 2023 edition of the Indaba International Mining Conference in Cape Town (South Africa), the Democratic Republic of Congo (DRC) hopes to attract people to its mining sector. A mining country par excellence, the DRC has an exhibition stand at the Indaba mining conference where the Ministry of Mines presents investment opportunities in the mining sector. Another specific stand dedicated to Gécamines, so the country does not want to be in the background. Indaba mining is an important conference held each year in… Read More Here
Indonesia Emerges as the Top Cobalt Producer Outside of Africa 4 International Battery Metals Cobalt 

Indonesia Emerges as the Top Cobalt Producer Outside of Africa

Constance
Indonesia has emerged as a significant player in the global cobalt production, becoming the second-largest producer of the battery material. According to US government data, Indonesia surpassed other countries such as Russia and Australia to secure the second spot in 2022. This expansion is expected to continue this decade, reducing the world’s dependence on the Democratic Republic of Congo for over two-thirds of cobalt supplies and avoiding potential shortages. Indonesian President Joko Widodo has been promoting the country’s battery and EV industries, leveraging its abundant mineral resources. The country already… Read More Here
Microsoft calls for ‘coalition’ to Improve Congo’s Informal Cobalt Mines 5 Mining in DRC Battery Metals 

Microsoft calls for ‘coalition’ to Improve Congo’s Informal Cobalt Mines

Constance
Microsoft visited an artisanal cobalt mine in Democratic Republic of Congo in December as part of attempts to jump-start formalization of the little-regulated and dangerous industry that experts say is key to meeting global demand for the battery material. Congo accounts for three-quarters of the world’s mined cobalt supply. Industrial mines produce most of Congo’s cobalt, but “artisanal” miners, who dig by hand and often die when tunnels cave in, account for up to 30% of production, though that fluctuates depending on price. In the first known visit by a… Read More Here
Gecamines Aims to Diversify into Minerals for Energy Transition 6 Mining in DRC Battery Metals 

Gecamines Aims to Diversify into Minerals for Energy Transition

Constance
Congo’s state-run mining company, Gecamines, aims to explore for minerals critical to the energy transition, such as lithium, tin, and rare earths, said the company’s Chairman Alphonse Kaputo Kalubi, yesterday 7th February. The company, which was once one of the world’s leading copper and cobalt producers in the 1980s, hopes to increase production to 100,000 tonnes of copper per year and diversify its operations. Kaputo mentioned that Gecamines’ geologists will organize campaigns to prospect for various minerals including lithium, tin, cobalt, coltan, titanium, wolframite, gold, and rare earths. He encouraged… Read More Here
DRC President Seeks New Ventures for Green Energy Metals Exploration 7 Mining in DRC Battery Metals Cobalt Copper 

DRC President Seeks New Ventures for Green Energy Metals Exploration

Constance
President Felix Tshisekedi aims to establish the Democratic Republic of Congo as a crucial provider of metals for the transition to green energy. This objective requires fresh exploration for nickel and chrome. President Felix Tshisekedi announced at the Investing in African Mining Indaba conference in Cape Town, South Africa, yesterday 7th February, that exploration for nickel and chrome in the diamond-rich Kasai region of southern Congo will commence in the near future. The country is currently seeking investment partners for the processing of cobalt, tantalum, tin, and lithium. The shift… Read More Here
Ministry of Mines' order blocks Manono Lithium Exploitation and Development? 8 Mining in DRC Battery Metals 

Ministry of Mines’ order blocks Manono Lithium Exploitation and Development?

Constance
Should we expect a new legal saga in the telenovelas about the Manono lithium? Who will benefit from this, the COMINIERE, the Australians from AVZ Minerals, the “Mauritians” from MMCS, or the Chinese from ZIJIN? What is certain is that the population of Manono and Tanganyika in particular, and in general, the entire Congolese people must still wait patiently to see the effective exploitation of their lithium, which should boost the economy of this Lumumba country even more. With this ministerial decision granted by the Congolese Minister of Mines, the… Read More Here
Expanded Mining Brings Increased Economic Opportunities 9 Mining in Zambia 

Expanded Mining Brings Increased Economic Opportunities

Constance
Visualize a mine in Zambia and the image of conveyor belts towering over the ore bodies, massive trucks transporting minerals, and workers in protective gear descending into pits comes to mind. At a glance, a mining site may appear as a seamless and coordinated dance, with each component functioning effortlessly and precisely, executing its part at the right moment. But behind the scenes, other groups of people play completely different – perhaps seemingly unrelated – roles, each of which is also integral to these mines’ smooth running. Somebody is sewing… Read More Here
The World Faces a Copper Shortage That May Continue Until 2030 10 Copper International 

The World Faces a Copper Shortage That May Continue Until 2030

Constance
A copper deficit is set to inundate global markets throughout 2023 — and one analyst predicts the shortfall could potentially extend throughout the rest of the decade. The world is currently facing a global copper shortage, fueled by increasingly challenging supply streams in South America and higher demand pressures. Copper is a leading pulse check for economic health due to its incorporation in various uses such as electrical equipment and industrial machinery. A copper squeeze could be an indicator that global inflationary pressures will worsen, and subsequently compel central banks… Read More Here

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