Nickel - Copperbelt Katanga Mining

Market Forecast: Cobalt, Nickel, and Lithium Prices to Decline by December 2024

March 11, 2024March 11, 2024 Constance

Goldman Sachs Predicts Drop in Key Minerals for Energy Transition Goldman Sachs, renowned for its market analysis, foresees a downturn in cobalt, nickel, and lithium prices by December 2024, essential minerals for the energy transition. Analysts attributed this projected decline to decreasing demand from the electric vehicle industry in Western nations. According to Goldman’s forecast estimates, cobalt prices are expected to decrease by 12%, nickel by 15%, and lithium by 25% over the next twelve months. The bank’s analysts emphasized that despite supply constraints in late 2023 due to margin… Read More Here

Mining in Zambia Battery Metals Nickel

Enterprise Mine in Zambia Targets 20,000 Tonnes of Nickel Production

March 3, 2024March 3, 2024 Constance

Enterprise Mine, a nickel-producing operation managed by Trident Limited in Kalumbila District, Zambia’s North Western Province, is targeting a production of approximately 20,000 tonnes of nickel this year. According to Junior Keyser, Outgoing General Manager of Trident Limited, the mine is fully operational and currently employs around 750 contractors and 250 direct employees. Keyser notes that the enterprise is currently generating about 1,000 tonnes of final product nickel per month as production continues to increase at its plant. He emphasizes the mine’s intention to capitalize on the high demand for… Read More Here

International Battery Metals Copper Nickel

Glencore banks on Anuri mine to extend life of Raglan nickel-copper project

March 3, 2024March 3, 2024 Constance

Glencore (LSE: GLEN) has inaugurated the Anuri mine, which will lengthen the Raglan nickel-copper project’s life for at least 20 years. The company says this is undertaking highlights its ongoing commitment to the local communities in which it operates. The Raglan mine, located in northern Quebec, began operations in 1997. It was the first mining project to sign an impact and benefits agreement with the local Indigenous bands. The mine’s name Anuri, which means “wind” in Inuktitut, was chosen by a committee of Raglan employees. The mine is part of… Read More Here

Mining in DRC Copper Gold Nickel Press Release

Ivanhoe Mines Reveals 2023 Financials and Project Updates at BMO Global Metals Conference

February 28, 2024February 28, 2024 Constance

Ivanhoe Mines’ (TSX: IVN) (OTCQX: IVPAF) President Marna Cloete and Chief Financial Officer David van Heerden were pleased to present, ahead of the 33rd BMO Global Metals, Mining & Critical Minerals Conference in Hollywood, Florida, the company’s financial results for the year ended December 31, 2023, and provided an operations and project development update. Ivanhoe Mines is a leading Canadian mining company developing and operating its four principal mining and exploration projects in Southern Africa: expanding operations at the world-class Kamoa-Kakula Copper Complex (Kamoa-Kakula) in the Democratic Republic of Congo… Read More Here

Mining in Zambia Battery Metals Cobalt Copper Lithium New Mining Projects Nickel

ZCCM-IH and Kobold Mingomba JV Unveils Zambia’s Biggest Copper Find in a Century

February 6, 2024February 6, 2024 Constance

Yesterday, Joint venture partners ZCCM-IH and KoBold Metals, a Silicon Valley company using artificial intelligence to discover critical minerals for the electric vehicle and renewable energy revolutions, discussed the details of their recent copper discovery at the Mingomba deposit.“ZCCM-IH’s goal is to ensure that Zambia’s finite mineral resources are optimized and benefit the people of Zambia,” said ZCCM-IH Board Chair Mr. Kakenenwa Muyangwa. “ZCCM-IH is proud to be an active investor partnering with Kobold Metals in the Mingomba Deposit, which is well-positioned to help create new jobs, bring significant new… Read More Here

International Nickel

Nickel price hits two-year low

November 27, 2023November 27, 2023 Constance

Following international commodity market trends observed at the London Metal Exchange, it appears that nickel recorded a fall of 0.9% to trade at 16,405 US dollars per tonne – its lowest level since April 2021 – before to rebound to 16,405 US dollars, a drop of 0.2%. Experts say this is driven by ongoing concerns about oversupply putting pressure on the market. To this end, the most traded nickel contract in December on the Shanghai futures exchange closed down 3.2% at 127,720 yuan, equivalent to 17,711.58 US dollars per tonne.… Read More Here

Mining in DRC Battery Metals Cobalt Events & Expos Lithium Nickel

DRC Prime Minister Calls for EU Aid Against Illicit Mineral Exploitation at Global Gateway 2023 Forum

October 27, 2023October 27, 2023 Constance

Prime Minister Jean-Michel Sama Lukonde has successfully concluded his visit to Brussels, Belgium, where he represented the President of the Democratic Republic of Congo, Félix Antoine Tshisekedi Tshilombo, at the Global Gateway Forum held on October 25 and 26, 2023. His mission was to engage European private investors and encourage their participation in the development of the Democratic Republic of Congo, focusing on digital, energy, and ecological transitions. During the forum, the Prime Minister played a pivotal role in addressing significant development issues and formalizing agreements. He shared a summary… Read More Here

Mining in Zambia Cobalt Copper Mining in DRC Nickel

Japan and UK to Jointly Invest in African Critical Minerals for Supply Chain Stability

September 10, 2023September 10, 2023 Constance

Japan and the UK have unveiled plans for joint investments in critical minerals in Africa, aiming to enhance the stability of their supply chains originating from the continent. This collaboration includes efforts to develop mines in African nations and establish a framework for discussing economic security at the ministerial level. The two countries intend to acquire mining sites and develop refining facilities while partnering with mineral-rich African nations to diversify their sources of supply. Japan, heavily dependent on China for crucial minerals like cobalt and nickel, is actively seeking partnerships… Read More Here

Gold Battery Metals International Nickel

Sibanye-Stillwater cuts gold, nickel and PGMs production for 2023

August 30, 2023August 30, 2023 Constance

SIBANYE-Stillwater announced cuts to production guidance for gold, nickel and platinum group metals (PGMs) owing to operational mishaps, a strike, and lower metal prices. Publishing his firm’s interim results for the six months ended June 30, Sibanye-Stillwater CEO Neal Froneman said steps had been taken to “minimize” the events. “The operating environment has been … demanding, with regional factors in our operating jurisdictions posing significant challenges,” he said. New gold production guidance of 625,000 to 660,000 ounces was 16% to 17% lower than forecast at the beginning of the year following a shaft… Read More Here

International Battery Metals Cobalt Mining Personality Nickel

Trafigura metal executive Grenfell exits as unit pressure grows

August 25, 2023August 25, 2023 Constance

Trafigura Group’s head of metals business development is leaving, the latest sign of the pressure facing the commodity trader’s metals unit even as the company as a whole notches up record profits. Simon Grenfell is leaving Trafigura after just over three and a half years in the role, according to his LinkedIn profile. The company has appointed Matthew Hadfield as its new global head of business development for metals, said a person familiar with the matter, who asked not to be identified as the information is private. Trafigura’s metals business,… Read More Here