You are here

Category: International

Newmont Mining forms net-zero partnership with Caterpillar 1 Equipment & Technology International Mining technology 

Newmont Mining forms net-zero partnership with Caterpillar

admin
US-based gold producer Newmont Mining has collaborated with mining equipment manufacturer Caterpillar to deliver a zero-emissions mining system to improve safety and productivity in the industry. The collaboration will contribute to Newmont’s greenhouse gas (GHG) emissions reduction targets. Newmont previously pledged to reduce more than 30% of its GHG emissions by 2030 and achieve net-zero carbon operations by 2050. The partnership will enable the two firms to validate equipment, infrastructure, technologies and processes that would help transform surface and underground mining operations. As part of the strategic alliance, Newmont will initially invest… Read More Here
Gold nears 5-month peak as inflation worries boost appeal 2 Gold International 

Gold nears 5-month peak as inflation worries boost appeal

admin
Gold prices neared a five-month high touched in the previous session, after strong U.S. consumer price data prompted a rush into the precious metal seen as a hedge against inflation. Spot gold was up 0.6% at $1,861.39 per ounce. U.S. gold futures for December delivery settled 0.8% higher at $1,863.90 per ounce. “The market is spooked with yesterday’s CPI data coming in as high as it was. Traders are looking at gold as being a safety asset, as a hedge against this inflation risk,” said Bob Haberkorn, senior market strategist… Read More Here
JOHNSON MATTHEY EXITS BATTERY MATERIALS BUSINESS IN BLOW TO EUROPE 3 Battery Metals International 

JOHNSON MATTHEY EXITS BATTERY MATERIALS BUSINESS IN BLOW TO EUROPE

admin
Johnson Matthey’s shares plunged as much as 20% on Thursday after the British chemicals company said it would exit its battery materials business due to crushing competition and that CEO Robert MacLeod would step down next year. The London-listed company said potential returns from the battery materials unit could not justify investments anymore as it struggles to compete with more established large scale and low cost producers. It was looking at a sale of all or part of the unit, with the “ultimate intention of exiting”. “This decision will allow us to… Read More Here
Copper price rises on strong export growth in China 5 Copper International 

Copper price rises on strong export growth in China

admin
The copper price rose on Monday as worries about demand in top consumer China were offset by strong export growth data from the country. Copper for delivery in December was up 1.6% on the Comex market in New York, touching $4.41 per pound ($9,702 per tonne) on Monday afternoon. China’s export growth beat forecasts, helped by booming global demand ahead of the winter holiday season, an easing power crunch and an improvement in supply chains that have been badly disrupted by the pandemic. Outbound shipments jumped 27.1% in October from… Read More Here
Copper price down despite tight supply 6 Copper International 

Copper price down despite tight supply

admin
Copper prices fell on Thursday despite the tight supply. Global exchange stocks, comprising those in LME, CME and Shanghai Futures Exchange warehouses, have fallen for the last two months. They stood at a cumulative 232,550 tonnes at the end of October, down 30,000 tonnes since the start of 2021 and down almost 150,000 tonnes from October 2020. Shanghai stocks currently total less than 50,000 tonnes. Copper for delivery in December fell 0.5% on the Comex market in New York, touching $4.30 per pound ($9,461 per tonne) on Thursday afternoon. Copper squeeze While… Read More Here
TESLA SIGNS THREE YEAR LITHIUM SUPPLY DEAL WITH CHINA’S GANFENG LITHIUM 7 Battery Metals International Lithium 

TESLA SIGNS THREE YEAR LITHIUM SUPPLY DEAL WITH CHINA’S GANFENG LITHIUM

admin
Tesla has signed a three-year deal to buy lithium from Ganfeng Lithium, as it secures supplies of the battery raw material following a rapid rise in prices this year.  The agreement for battery grade lithium hydroxide will start at the beginning of next year, Ganfeng said, without giving further details.  “The actual purchasing quantity and sales amount will depend on the purchasing orders placed by Tesla,” Ganfeng said.  The deal comes following a 91 per cent increase in lithium hydroxide CIF Asia prices this year to $19,250 a tonne, according… Read More Here
Barrick posts lower third-quarter earnings 8 Gold International 

Barrick posts lower third-quarter earnings

admin
Canadian gold major Barrick on Thursday reported lower third-quarter adjusted earnings of $419-million – an 18% drop on its second quarter performance and 42% below that of a year earlier. Adjusted net earnings fell to $0.24 a share, from $0.29 a share in the second quarter and $0.41 a share in the third quarter of 2020. Barrick’s results have been weighed down by a retreat in the price of gold, which touched record levels last year amid concerns over Covid-19. The miner reported a realised gold price of $1 771/oz in… Read More Here
Iron ore price rebounds despite poor demand outlook 9 Iron Ore International 

Iron ore price rebounds despite poor demand outlook

admin
The iron ore price recovered some ground on Wednesday after it fell below $100 per tonne for the first time in nearly a year on Tuesday due to loose supply conditions and poor demand outlook. According to Fastmarkets MB, benchmark 62% Fe fines imported into Northern China were changing hands for $100.10 a tonne, up 4.5% from Tuesday’s closing. Benchmark iron ore futures on the Dalian exchange dipped 0.4% to 590 yuan ($92.18) a tonne.  Metals prices reached multi-year highs on supply fears in October, but the main driver now is arguably turbulence in… Read More Here
Copper bounces on scarce supplies and robust risk appetite 10 Copper International 

Copper bounces on scarce supplies and robust risk appetite

admin
Copper prices jumped on Wednesday on low inventories, healthy risk appetite and a brighter technical outlook. Three-month copper on the London Metal Exchange had gained 1.5% to $9 633.50 a tonne by 10:00 GMT, having lost about 8% since October 18. “We’ve had a very deep correction from the run-up in October and now it looks like we’re finally finding a plateau from where the market will stabilise,” said Ole Hansen, head of commodity strategy at Saxo Bank in Copenhagen. “Risk appetite seen through the stock market remains pretty robust and… Read More Here

You have successfully subscribed to the newsletter

There was an error while trying to send your request. Please try again.

Copperbelt Katanga Mining will use the information you provide on this form to be in touch with you and to provide updates and marketing.