International - Copperbelt Katanga Mining

Gold price drops to 2-week low as Fed opens door to faster tapering

November 23, 2021November 23, 2021 admin

Gold erased more than two weeks’ worth of gains on Monday, pressured by a firmer dollar and expectations that the US Federal Reserve may accelerate the pace of policy tightening to combat inflation. Spot gold was down 1.6% to $1,816.91/oz by noon ET, after falling to its lowest since Nov. 5 at $1,812.09/oz earlier in the session. US gold futures declined 1.8% to $1,818.10/oz in New York. Bullion’s latest pullback comes after comments from Fed Vice-Chair Richard Clarida last week suggested that the central bank would table the idea of tapering its… Read More Here

Indian technopreneurs to make EV battery cost a ‘non-issue’ with sodium-ion tech

November 21, 2021November 21, 2021 arnbethnic

Engineer-entrepreneurs Ravi Pandit, chairman of Sentient Labs, incubated by KPIT Technologies, and Bala Pachyappa, CEO, Sodium Energy, are betting on Sodium-ion chemistry to bring down the cost of battery, the single most expensive component in an electric vehicle. Sentient Labs, a new research and technology company in Pune, led by veteran technocrat Ravi Pandit, is working on a suite of ‘exciting innovative technology solutions’ for the industry. One of the technologies that the company has been working on is that of sodium-ion battery to make its cost a ‘non-issue’ in… Read More Here

Mining Companies International

Barrick retains sustainability index spot for fourteenth year

November 19, 2021November 19, 2021 admin

Barrick Gold has been listed in the Dow Jones Sustainability Index’s (DJSI’s) World Index for the fourteenth consecutive year, ranking in the ninty-fifth percentile for mining and metals. It also demonstrated an industry leading performance by scoring full marks, or 100th percentile, in the categories of environmental reporting, social reporting, materiality and water risk management. The gold miner ranked within the top 5% for environmental policy and management systems, biodiversity, mineral waste management, closure and social impact on communities, while substantially improving its scores in occupational health and safety, human… Read More Here

International Mining technology

Metso Outotec signs equipment deal with Ferrexpo

November 19, 2021November 19, 2021 admin

Metso Outotec has signed an agreement to deliver essential equipment to expand an existing production line at the Ferrexpo Poltava Mining iron ore grate-kiln pellet plant in Horishni Plavni, Ukraine. The company said the order includes major modifications to the travelling grate, rotary kiln and annual cooler. It will increase the kiln’s production line to over six million tons of iron ore pellets per year, according to Metso Outotec. The equipment order will cost approximately €18 million ($20.43 million). Chris Urban, vice president, heat transfer products at Metso Outotec, said… Read More Here

Copper International

Copper settles down at last, a month after big squeeze

November 17, 2021November 17, 2021 admin

Amonth after an unprecedented squeeze roiled the copper market, a short-term spread is back to normal levels as rising exchange inventories relieve the pressure on buyers. The spread between spot and three-month contracts on the London Metal Exchange eased to a $32.50-a-ton premium by Monday’s close. While the premium signals that near-term supply is still tight, it’s back in line with levels seen prior to the October squeeze, when the spread surged above $1 100 as buyers were caught off guard by a sudden slump in stockpiles. Spot contracts often trade at… Read More Here

Gold International

Gold price rally stalls as China data shows growth stabilizing

November 16, 2021November 16, 2021 admin

Gold steadied as investors mulled what’s next for inflation and monetary policy, while scrutinizing better-than-expected economic data from China. Bullion finished last week at its highest since June as accelerating price pressures rocked bond markets and fueled demand for the traditional haven. Treasuries are steadier on Monday as investors await public appearances by Federal Reserve officials and other central bankers in coming days. In China, a flurry of figures on everything from industrial output to retail sales showed the country’s economy stabilizing as spending improved and power supply picked up.… Read More Here

Copper International

Copper price rises as investors cheer Xi-Biden talks

November 16, 2021November 16, 2021 admin

Copper prices rose on Tuesday as the dollar weakened and risk sentiment improved on positive developments from a meeting between US President Joe Biden and Chinese leader Xi Jinping. Three-month copper on the London Metal Exchange rose 0.4% to $9,711.50 a tonne, while the most-traded December copper contract on the Shanghai Futures Exchange edged up 0.2% to 71,070 yuan ($11,154.01) a tonne. The dollar eased broadly against riskier currencies and the yuan scaled a five-month high, as talks between the two presidents seemed to have an amicable start. Biden and Xi… Read More Here

Battery Metals Cobalt International Lithium

Researchers push for more accurate battery metals demand forecasts

November 15, 2021November 15, 2021 admin

Common assumptions that state that demand for battery metals will continue to increase for the foreseeable future, as they are essential for high-performance lithium-ion batteries, may be misleading, a new report by CSIRO states. According to Australia’s national science agency, unsophisticated models based on current supply levels and basic recycling rates are promoting many mischaracterizations of the real opportunities in both metal mining and recycling. In the view of the experts at CSIRO, such models ignore the dynamics of materials flows on a global scale and the expected changes in underlying technologies. “Metal… Read More Here

Battery Metals International Mining technology

Tesla To Buy 45 GWh Of LFP Batteries From CATL

November 13, 2021November 13, 2021 admin

Citing a post by 36kr, Chinese website CnEVPost says Tesla has agreed to buy 45 GWh of lithium-iron-phosphate batteries from CATL to meet its expected demand for the Model 3 and Model Y in 2022. The Model 3 and Model Y are currently available with LFP batteries in their standard range versions, with the former having a 55 kWh battery and the latter a 60 kWh battery. The purchase will be enough to power about 800,000 vehicles. The company sold 627,350 cars in the first 9 months of this year. Tesla’s Nevada battery factory will soon… Read More Here

Gold International

Gold pauses after six-day rally as yields regain upper hand

November 13, 2021November 13, 2021 admin

Gold slipped on Friday as some investors locked in profits from a six-session long streak of gains, and an uptick in US bond yields cooled safe-haven inflows into bullion driven by inflation worries. Spot gold fell 0.7% to $1 849.36 per ounce by 11:57 GMT, after hitting a five-month peak on Wednesday. US gold futures dropped 0.7% to $1 851.00. “Gold prices had gained due to a combination of factors. But if yields do continue to rise, the metal is probably not going to go much higher,” said Michael Hewson, chief market analyst at CMC Markets UK,… Read More Here