Iron - Copperbelt Katanga Mining

Market: the price of iron increases to 132.05 USD per ton

April 30, 2022April 30, 2022 Janet

The price of iron ore rose on Friday, fueled by demand hopes as Beijing pledged to step up policy support to stabilize the economy. At a Politburo meeting chaired by President Xi Jinping on Friday, Xi said China would adopt a set of policies to help pandemic-hit industries, step up infrastructure construction and support the healthy development of the real estate market. The benchmark iron ore on the Dalian Commodity Exchange jumped 4.2% to 870 yuan ($132.05) a ton at the close. China announced on Thursday that it would cut… Read More Here

International Iron

Zimbabwe’s state-owned miner selected to revive steel firm

February 23, 2022February 23, 2022 Janet

Zimbabwe has selected Kuvimba Mining House Ltd., a state-owned company, which has been shrouded in controversy, to revive one of the continent’s largest steel mills. The miner, which already has vast interests in gold and nickel, has been picked as the “investment partner” to breath new life into the Zimbabwe Iron and Steel Company, which has been shut for 14 years. At its peak, the plant produced nearly 1 million tons of steel a year. Kuvimba Mining has said it bought its assets from a company linked to Kudakwashe Tagwirei, a… Read More Here

Aluminium Cobalt Copper Gold Iron Tin

Chart: How metals prices performed in 2021

January 25, 2022January 25, 2022 Janet

How Metals Prices Performed in 2021 Looking back on what gave investors strong returns in 2021, it was the year of industrial and energy metals. As demand for industrial goods surged, so too did their material metals. But unlike energy prices which rose across the board last year, not all metals managed positive returns. This infographic looks at the year-over-year return on metals prices from January 1 to December 31 of 2021, using pricing data tracked by Tradingeconomics.com. Inflation and Raw Material Demand Spur Industrial Metals Last year saw inflation hit 30-year highs… Read More Here

Aluminium Copper Covid-19 Iron

China urges metals industry to curb price inflation

May 24, 2021May 24, 2021 Janet

Following an industry meeting on Sunday, the Chinese Government has urged its mining sector to work together and step away from speculation and price inflation, with global metal demand left in flux by the Covid-19 pandemic. The meeting, chaired by China’s National Development and Reform Commission (NDRC) and five other state bodies, included a number of private steel, iron and aluminium producers, who were urged to not further drive up metals prices, which have risen sharply this year. Between 4 January and 10 May, the price of aluminium on the… Read More Here

Aluminium Copper Global markets Iron Iron & Steel

Metals markets to move into surplus — report

May 13, 2020May 14, 2020 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

Cobalt Copper Emeralds Iron Mining in DRC Mining Projects

Tenke Fungurume Mine

February 21, 2020February 23, 2020 arnbethnic

Tenke Fungurume Mining SA Location Tenke Fungurume Mining SA Province Lualaba Province Country Democratic Republic of the Congo Coordinates 10°34′06″S 26°11′44″ECoordinates: 10°34′06″S 26°11′44″E Production Products copper, cobalt History Opened 2009 Tenke Fungurume Mining SA (TFM) is one of the largest copper and cobalt producers in the Democratic Republic of Congo (DRC). Construction on the site began in the latter part of 2006, and in 2009, TFM produced its first copper. The mine has since become a vital source of income for local communities and the country by way of royalties and taxes, as well… Read More Here

Iron Mining in DRC

DRC in talks with investors on financing state owned cobalt company

February 18, 2020February 18, 2020 Copperbelt Katanga News

PRIVATE capital could be invited to fund the activities of a planned state company in the Democratic Republic of the Congo (DRC), Reuters said, citing comments from the country’s minister of mines. Bloomberg had last week reported that the Democratic Republic of Congo was interested in establishing a state monopoly that would buy the cobalt produced by the artisanal miners. However, according to a report by Reuters, Minister of mines Willy Kitobo Samsoni would invite investors. “It is easier for us to be funded by the Congolese government,” Samsoni… Read More Here

Cobalt Copper Gold International Iron Precious Metals

LME Offers Recognition to Artisanal Mining but with Caution

January 28, 2020January 29, 2020 arnbethnic

Earlier last year, the London Metal Exchange announced plans to accept supplies from small-scale miners to ensure that those who rely on artisanal mining for a living can trade internationally. Some say this would help legitimize the troubled industry, while others believe it will lead to further illegal activities and human rights violations. Who is right? We’re examining. The London Metals Exchange’s (LME) new roadmap for responsible metal sourcing was released in October last year. Not only did she advocate transparency across the supply chain, she also confirmed that she… Read More Here

Cobalt Iron Mining in DRC Mining in Zambia

Global Cobalt Market 2020 BHP Billiton, Eramet, Rubamin, Glencore Xstrate plc, Sherritt International

January 24, 2020January 24, 2020 arnbethnicCobal Markets, Cobalt, Copper, Zambia1 Comment

The research document entitled Cobalt by Market Research Store intends to reveal various facets of the global market with the assistance of the key elements influencing the market, the constraints, and the difficulties that could stop the market development. The Cobalt report provides a thorough assessment for the people seeking for their business growth on both local and global level as well as producers, newcomers in the industry, professional association, private businesses, and commercial marketers. Download Free Sample Cobalt Report: http://www.marketresearchstore.com/report/global-cobalt-industry-market-report-2019-industry-analysis-614076#RequestSample The Leading players mentioned in the Cobalt Market: BHP Billiton, Eramet, Rubamin, Glencore Xstrate plc,… Read More Here

Cobalt Copper Emeralds Iron Mining in DRC

ERG suspends Zambia refinery on shortage of cobalt, copper concentrates

January 24, 2020January 24, 2020 arnbethnic

Eurasia Resources Group’s (ERG) Africa unit said on Thursday it will suspend operations at Chambishi Metals in Zambia due to a shortage of copper and cobalt concentrates required to produce cathode. Chambishi plant. Image by Eurasian Resources. Zambia, Africa’s second-largest copper producer, has introduced a 5% import tax on raw materials which has hobbled the flow of concentrates from mines in neighbouring Democratic Republic of Congo. “It was not possible to locate appropriate feedstock in Zambia. We are in the process of placing the plant on care and maintenance,” ERG… Read More Here