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Category: Global markets

Greening global economy brings dependence on critical minerals 1 Battery Metals Cobalt Copper Global markets Lithium Nickel 

Greening global economy brings dependence on critical minerals

arnbethnic
After nearly a century of geopolitical tension over access to oil, experts worry that the global transition to clean energy is creating new dependencies on the critical minerals needed for solar panels, wind turbines and electric vehicle batteries. ADVERTISING Control over most of these essential elements is concentrated in a handful of countries, none more than China, they note. Which metals are key for the energy transition? Cobalt, nickel, manganese and lithium are critical to making electric vehicle batteries. Rare earths such as neodymium, praseodymium and dysprosium are used in… Read More Here
The Future of Uranium: A Story of Supply and Demand 2 Global markets 

The Future of Uranium: A Story of Supply and Demand

Chilombo Mahamba
The uranium market is at a tipping point. Since the Fukushima accident in 2011, uranium prices have been on a downtrend, forcing several miners to suspend or scale back operations. But nuclear’s growing role in the clean energy transition, in addition to a supply shortfall, could turn the tide for the uranium industry. The Uranium Supply Chain The supply of uranium primarily comes from mines around the world, in addition to secondary sources like commercial stockpiles and military stockpiles. Although uranium is relatively abundant in the Earth’s crust, not all uranium deposits… Read More Here
Copper Prices Copper Global markets International 

Copper prices could reach 7,500 USD per tonne (Analysts)

arnbethnic
This week, copper traded up to USD 6,800 per tonne in the international market. Several analysts are betting that the red metal could easily peak at $ 7,500 or even more if supply continues to tighten. Several traders and analysts say shrinking spot reserves could trigger another price spike, building on a rally that took copper this week to two-year highs above $ 6,800 per tonne, miningnewspro reports .com. According to Red Kite Capital Management fund manager George Daniel, the market is starting to look like it was in the early… Read More Here
Copper Market Copper Covid-19 Global markets International 

Experts expect good prospects dictated by post-covid-19 economic stimulus plans | Copper market

arnbethnic
Copper is currently trading on the international market around $ 6,500 per tonne. Moreover, the post-Covid economic recovery plans announced in Europe, the United States and China could consolidate, according to experts, the price of the red metal. These good predictions from experts are good news for the Democratic Republic of Congo as a copper-producing country. After the coronavirus pandemic, experts are looking at growing demand for copper around the world. According to Fitch Solutions, global demand for copper is expected to grow from 23.6 million tonnes in 2018 to 29.8… Read More Here
Lucapa 171 carat diamond Diamond Global markets 

Lucara sales deal to keep cash flow from large stones coming for 2020

arnbethnic
Lucara Diamond has found an avenue to sell its large diamond production from its Karowe mine in Botswana, through an agreement with HB Group, an Antwerp-based diamond manufacturer. The deal will ensure the company will see cash flow this year from a category of diamonds that normally accounts for 70% of its revenue. The diamond market has been severely disrupted by the covid-19 pandemic, which has restricted travel required to buy and sell diamonds, depressed prices, and impeded cash flow to miners. The agreement will apply to Lucara’s full-year production of… Read More Here
Conflict Gold 5 Global markets Gold International Mining in Zambia 

Conflict gold back in spotlight as investors flock to safe haven

arnbethnic
As demand for gold as a safe haven surged during the coronavirus pandemic, concerns about sourcing the precious metal responsibly have again been thrust into the spotlight.  A report from Global Witness alleging one of the world’s biggest gold refiners has worked with a supplier that was at risk of having bought conflict metal originating in Sudan is the latest in a series of calls from advocacy groups urging the London Bullion Market Association to scrutinize suppliers more closely. Gold, which is trading near an eight-year high, is one of… Read More Here
 Artisanal mining to help sustain global markets 4 Copper Covid-19 Global markets Mining in DRC 

 Artisanal mining to help sustain global markets

Copperbelt Katanga News
Formalising artisanal mining has become a challenge that most mining industries are facing today especially those that in remote areas. Many organisations have since stepped in to help curb the situation. The organisations are focusing on making artisanal and small- scale mining (ASM) safer and more productive, since it is here to stay and is sustaining many communities, particularly in African areas that have the most mining operations. Speaking during the June 9th Webinar about formalising the ASM in the Democratic Republic of the Congo(DRC)  in the lead-up to the… Read More Here
Metals markets Aluminium Copper Global markets Iron Iron & Steel 

Metals markets to move into surplus — report

arnbethnic
Most metals markets will move into surplus in 2020 due to the covid-19 pandemic, according to Fitch Solutions latest market report.  The research agency has revised down its forecasts for both consumption and production of metals for a number of countries over recent weeks. “Operational hurdles as a result of covid-19, especially for smelters located in countries where governments ordered lockdowns, and voluntary production curtailments as a result of the collapse in metal prices will result in lower 2020 metal production compared to our previous forecasts,” Fitch analysts say. The firm expects… Read More Here
Graphene Global markets Covid-19 Mine Safety 

Graphene ink may be used to fight coronavirus

arnbethnic
Zen Graphene Solutions (TSXV: ZEN) announced that it has launched an international collaboration with UK-based Graphene Composites to fight the covid-19 pandemic. The initiative involves the development of a potential virucidal graphene-based composite ink that can be applied to fabrics, including N95 face masks and other personal protective equipment for significantly increased protection. PPE used in the covid-19 pandemic. (Reference image by AlamosaCounty PublicHealth, Flickr). ACCORDING TO THE COMPANY, RESEARCHERS HAVE PROVEN THAT THE INK IS EFFECTIVE IN KILLING EARLIER STRAINS OF CORONAVIRUS In a press release, the companies said that once… Read More Here
Glencore Offices Mopani Global markets International 

Glencore postpones dividend payment decision

arnbethnic
Miner and commodities trader Glencore (LON: GLEN) has deferred making a decision on whether to go ahead with the proposed 2020 cash distribution as risks associated with a global recession and massive demand shock loom. The Switzerland-based company had announced plans to reward investors with $2.6 billion in cash distribution this year, or $0.20 per share. Instead, it said it was taking “prudent” action to protect and strengthen its capital structure amid the current period of heightened uncertainty. Glencore warned that while there were currently no risks of material production disruption owing to the… Read More Here

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