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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
Tin falls and records a loss of 4,687.5 USD per ton in one week 2 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 3 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
Cat to have prototype battery electric trucks running in 2022 4 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
Chinese, Australian investors battle for largest lithium deposit 5 Mining in DRC Battery Metals International Lithium 

Chinese, Australian investors battle for largest lithium deposit

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Australia’s AVZ Minerals Ltd. is battling to retain control of what is potentially the world’s largest untapped lithium deposit amid ownership claims from Chinese investors, according to Boatman Capital. AVZ’s interest in the Manono lithium project in the Democratic Republic of Congo could fall to 36% from 75%, London-based short-seller Boatman said in a research report on Friday. That may follow its planned sale of a 24% stake this month and a flurry of lawsuits from companies, including Zijin Mining Group Co., claiming ownership, documents published by Boatman show. “At best,… Read More Here
Sibanye-Stillwater invests in OptiMine® collision avoidance system (CAS) to enhance safety of workers 6 International Mining technology 

Sibanye-Stillwater invests in OptiMine® collision avoidance system (CAS) to enhance safety of workers

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USD$17M investment in OptiMine®next-generation technology to reduce accidents, injuries, and fatalities at Sibanye-Stillwater’s US PGM operations in Montana, US Newtrax and Sibanye-Stillwater have been working together since 2017 on various digitalization projects to improve safety and productivity at its Stillwater PGM underground mining operations in Montana. OptiMine® increases safety and optimized underground mining operations which aligns with Sibanye-Stillwater’s CARES values of commitment to safety, accountability, respect, and sustainability. These values support safe operations, allow growth, underpin business strategy, and promote competitiveness and success. 2022 is the beginning of a new… Read More Here
Copper price rebounds as China eases covid restrictions  7 Copper International 

Copper price rebounds as China eases covid restrictions 

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Copper prices rose on Thursday, buoyed by easing covid-19 restrictions in China. Shanghai will start allowing more businesses in zero-covid areas to resume normal operations from the start of June, deputy mayor Zhang Wei said as the city prepares for the end of lockdown. “Sentiment had been buoyed by hopes that China is making progress towards an exit from strict lockdowns,” commodity strategists at ANZ said in a note. Copper for delivery in July rose 2.62% from Wednesday’s settlement price, touching $4.28 per pound ($9,433 per tonne) midday Thursday on… Read More Here
Copper prices slip on lingering global slowdown worries 8 Copper International 

Copper prices slip on lingering global slowdown worries

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Copper prices fell on Wednesday, as bets of big US rate hikes following hawkish comments from Federal Reserve officials, and a recent batch of weak economic readings from China put focus back on global economic growth concerns. Benchmark three-month copper on the London Metal Exchange (LME) was down 0.6% at $9 306/t, as of 05:00 GMT, after hitting a more than one-week high of $9 434/t on Tuesday. The most-active June copper contract on the Shanghai Futures Exchange edged 0.1% lower to 71 600 yuan ($10 606.31) a tonne by the midday break. “There is some selling… Read More Here
Electric vehicles surpass phones as top driver of cobalt demand 9 Battery Metals Cobalt International Mining in DRC 

Electric vehicles surpass phones as top driver of cobalt demand

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Electric vehicles (EVs) overtook smartphones and other high-tech devices for the first time last year as the main driver of cobalt demand, with the sector consuming 59,000 tonnes of the battery metal, or 34% of the total globally. According to a report published on Tuesday by the Cobalt Institute, cellphones manufacturers consumed 26,000 tonnes of the metal used in lithium-ion batteries, while laptops and tablets accounted for 16,000 tonnes of the total demand, which reached 175,000 tonnes. The figure contrasts with the 160,000 tonnes of cobalt mined last year, highlighting one of… Read More Here
Copper price rises on easing covid-19 restrictions in China 10 Copper International 

Copper price rises on easing covid-19 restrictions in China

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Copper prices climbed on Tuesday as easing lockdown restrictions in China stoked hopes of improving demand. Shanghai set out plans on Monday for ending the covid-19 lockdown that has lasted more than six weeks. The commercial hub of 25 million on Tuesday achieved the long-awaited milestone of three consecutive days with no new covid cases outside quarantine zones. “Shanghai is coming out of lockdown gradually and that is giving rise to demand hopes for cyclical commodities in particular,” said Commerzbank analyst Daniel Briesemann. “From a technical point of view, most… Read More Here

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