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Category: International

The global race to secure critical minerals heats up 1 Battery Metals International 

The global race to secure critical minerals heats up

arnbethnic
The World Trade Organization last week ruled that Indonesia had no right to ban the export of nickel or to require that raw nickel ore be refined in Indonesia. Handing a comprehensive victory to the complainant, the European Union, the WTO decision highlights the clash between national security and global trade rules over critical minerals. At least 14 nations, including Australia, have drafted special national-security-focused arrangements governing investment and trade in critical minerals. Nickel—a crucial input of batteries and stainless steel—is on seven of those lists. Indonesian President Joko Widodo made clear that the… Read More Here
Top miners adopt ESG and transparency reporting framework 2 Environment Social Governance (ESG) International 

Top miners adopt ESG and transparency reporting framework

arnbethnic
Mining Shared Value, a non-profit initiative of Engineers Without Borders Canada, has announced that twelve mining companies have now adopted the Mining Local Procurement Reporting Mechanism (LPRM), to report on a total of thirty-four mine sites across nineteen countries. The LPRM is a publicly available framework of twenty-two disclosures, developed by MSV and commissioned by the German development agency GIZ, with support from Germany’s Federal Ministry for Economic Cooperation and Development (BMZ). Growing use of the reporting framework is happening amidst increased focus on local sourcing and supply chain due diligence in… Read More Here
Tin must tame its wildness to meet coming demand surge 3 Tin Battery Metals International 

Tin must tame its wildness to meet coming demand surge

arnbethnic
The world is going to need another 50,000 tonnes of tin per year by 2030 to meet a looming surge in demand, according to the International Tin Association (ITA). Tin is an often overlooked critical mineral, commonly associated with the humble tin can, even though packaging today accounts for only 12% of global usage. Almost half the tin consumed every year is now used as a solder in circuit boards. The faster the world moves towards the internet-of-things, the more tin will be needed to glue the expanding metaverse together.… Read More Here
Glencore expects copper shortage amid demand for energy transition 4 International Copper 

Glencore expects copper shortage amid demand for energy transition

arnbethnic
The boss of Glencore, the Swiss commodities trading giant, expects a shortage of copper in the face of demand for renewable energy equipment and the rise of electric vehicles.  Gary Nagle, who took over the group’s orders last year, expects a deficit of more than 50 million tonnes for copper worldwide over the next eight years, he predicted on Tuesday during a a conference for investors, due to the explosion in demand linked to the energy transition.  To fill the gap, the group based in Baar, in the Swiss canton… Read More Here
Market: gold and silver up this week from December 5 to 10, 2022 (Mercuriales) 5 Silver Ore Gold International 

Market: gold and silver up this week from December 5 to 10, 2022 (Mercuriales)

arnbethnic
The main mining export products of the Democratic Republic of the Congo are on the rise this week from December 5 to 10, 2022, according to estimates by experts from the National Mercurial Commission of the Ministry of Foreign Trade. Gold is trading higher this week at $56.69 per gram from $56.50 per gram last week, a positive price differential of $0.10. Silver is also up this week at $0.69 per gram from $0.68 per gram last week, up $0.01. The other product on the rise this week is copper,… Read More Here
“Battery-grade” lithium trades at nearly USD 85,000 per tonne 6 Battery Metals International 

“Battery-grade” lithium trades at nearly USD 85,000 per tonne

arnbethnic
Healthy demand from battery makers and shortages have propelled lithium prices to record highs, but increased supply and the removal of subsidies for electric vehicles by China mean a pullback is to be expected. Battery-grade lithium prices trading near $85,000 per ton are more than double the levels seen in early 2022 and four times the levels seen in September 2021. China, which bought one in every two electric vehicles sold last year, is expected to remain the number one country for electric vehicle sales for many years to come. But… Read More Here
Anglo American partners with Wits University to transform the Johannesburg Planetarium into a world-class digital hub for public benefit 7 Environment Social Governance (ESG) Corporate social responsibility International 

Anglo American partners with Wits University to transform the Johannesburg Planetarium into a world-class digital hub for public benefit

arnbethnic
Anglo American and the University of the Witwatersrand (“Wits”) yesterday launched a partnership to refurbish, expand, and digitalise the 62-year-old Johannesburg Planetarium into a modern, multidisciplinary research, training, and science education hub. The refurbishment of the historical Johannesburg Planetarium into the new Wits Anglo American Digital Dome will support efforts towards digitalisation and the regeneration of the City of Johannesburg as a smart city. Designed by leading Artificial Intelligence (AI) researchers, scientists, digital artists and quantum computing engineers, the Digital Dome will enable university students and the broader public to… Read More Here
Lithium price to retreat from record as electric car sales slow 8 Lithium Battery Metals International 

Lithium price to retreat from record as electric car sales slow

arnbethnic
Extracting lithium involves pumping underground water deposits to the surface and then extracting the metal from evaporation pools. (Stock image.) Healthy demand from battery manufacturers and shortages have propelled lithium prices to records, but rising supplies and China removing subsidies for electric vehicles mean a retreat is on the cards. Battery grade lithium prices trading near $85,000 a tonne are more than double the levels seen at the start of 2022 and four times the levels seen in September 2021. China, which bought one of every two electric vehicles sold… Read More Here
Weir preparing to trial proprietary ore sorting tech by the end of 2022 9 International Technology & Innovation 

Weir preparing to trial proprietary ore sorting tech by the end of 2022

arnbethnic
In the Weir Group Capital Markets Event presentation last week, Chris Carpenter revealed that the company was collaborating within its divisions on trials of ore sorting technology in an effort to move less rock at mine sites and optimise processing within the plant. Carpenter, Vice President of Technology at Weir ESCO, said the company was combining Motion Metrics’ particle size distribution (PSD) capability with ore characterisation technology to explore “in-pit sorting” opportunities for its clients. “Looking further out, we believe ore characterisation and in-pit ore sorting has the potential to… Read More Here
Indonesia proposes to Canada setting up OPEC-like group for nickel 10 Nickel International 

Indonesia proposes to Canada setting up OPEC-like group for nickel

arnbethnic
Indonesia has proposed in talks with Canada establishing an OPEC-like organisation for nickel producing countries, the Southeast Asian nation’s investment ministry said in a statement on Wednesday. Indonesia and Canada are the first and sixth biggest nickel producers in the world, respectively. The proposal was made when Indonesian Investment Minister Bahlil Lahadalia met Canada’s International Trade Minister Mary Ng on Tuesday on the sideline of the G20 summit in Bali. The minister raised the prospect of trying to “coordinate and integrate nickel policy” like the Organization of the Petroleum Exporting… Read More Here

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