Zinc - Copperbelt Katanga Mining

Market: China wants to free up its copper, aluminum and zinc reserves to stabilize prices

June 17, 2021June 17, 2021 admin

China on Wednesday announced plans to release industrial metals from its national reserves to lower commodity prices, which some analysts say could be the first such move in a decade from the world’s largest consumer of metals. The National Food and Strategic Reserves Administration has said on its website that it will release batch copper, aluminum and zinc to non-ferrous metal processing and manufacturing companies “in the near future” via public auction . The advice came as Beijing struggles to curb a surge in metal prices this year, fueled by… Read More Here

Cobalt Copper Gold Mining in DRC Tin Zinc

World: The price of a gram of gold settled at 59.80 USD on weekdays (official)

May 27, 2021May 27, 2021 admin

The price of a gram of gold saw a marked improvement in the international market during the week of May 24-29, 2021, trading at $ 59.80 versus $ 57.66 in the week of May 17-22, 2021. These indications on the trend of commercial mining products were revealed in a press release on Wednesday, May 26, 2021, by the Congolese Ministry of Foreign Trade. The same document informs that Silver and Tantalum are also experiencing a price rise in the international market during the same period, trading at $ 0.90 vs.… Read More Here

Copper Cobalt Mining in DRC Zinc

Gécamines has been dispossessed of 48.8 million tonnes of minerals – DRC

May 4, 2021May 4, 2021 admin

The president of the FEC (Fédération des entreprises du Congo) and Chairman of the Board of Directors of Gécamines, Albert Yuma, revealed, during an academic meeting at the Economic and Social Council on Monday, May 3, that the company He State Gécamines lost most of its mining heritage through joint ventures over 54 million tonnes of minerals in the period between 1996 and 2008. In his opinion, one of the causes of the current paradoxical situation of the DRC, a country with a geological scandal but poor, is linked “to… Read More Here

Copper Cobalt Mining in DRC Zinc

DRC Government notes a drop in the price of mining products on weekdays on the international market

April 1, 2021April 1, 2021 admin

The prices of most mining products were revised downward during the last week of March 2021. This is indicated by the Economic Conjuncture Committee (CCE) at the end of the meeting held on Wednesday 31st March 2021. According to the CCE, the prices of products such as Copper, Cobalt, Zinc and Manganese have been revised downwards. Since the end of 2020, commodity prices had particularly remained on the rise until the last week of March 2021. “ The Government has noted a drop in the prices of all export mining products,… Read More Here

Copper Mining in Zambia Zinc

Galileo enters into agreement to sell Star Zinc to Zambia-focused company

March 3, 2021March 9, 2021 admin

Zinc, copper and rare earths explorer Galileo Resources has entered into a conditional agreement with Siege Mining regarding the ceding of ownership, operation and participation in the Star Zinc project. For its part, Galileo will cede its ownership of the project for a consideration of $750 000, while its participation will be ceded for $550 000, which includes the handing over of all exploration information which it has in relation to the project. Completion will occur once the Star Zinc project licence has been assigned to Siege. Further, Galileo will be paid… Read More Here

Cobalt Copper Mining in DRC Zinc

Glencore’s 2020 output hit by Congo mine closure, sticks to targets

February 3, 2021February 3, 2021 admin

Zinc output rose 9% to 1.17 million tonnes while ferrochrome production was 28% lower at 1 million tonnes. Glencore said on Wednesday its copper and cobalt production fell in 2020 after the Mutanda mine closure in Democratic Republic of Congo but said the ramp up of another mine in the African country was progressing well. The London-listed company, which also mines coal, nickel, silver, lead, gold and zinc, stuck to all of its production targets for 2021, after trimming coal guidance last year. The mining and trading firm said copper… Read More Here

Battery Metals Zinc

Scientists develop anode-less zinc battery to store renewable energy

January 27, 2021January 27, 2021 admin

Researchers at Stanford University and King Abdullah University of Science and Technology have developed a prototype anode-less zinc-based battery that uses naturally abundant materials at low cost. In a study published in the journal Nano Letters, scientists Yunpei Zhu, Yi Cui and Husam Alshareef say they took inspiration from previous explorations of “anode-less” lithium and sodium-metal batteries and decided to make a battery. in which a rich cathode is the only source of zinc plating on a copper current collector. Their main objective was to solve a big problem related… Read More Here

Zinc

Zinc price soars as Vedanta halts Gamsberg mine after accident

November 18, 2020November 18, 2020 admin

Zinc prices climbed on Wednesday to an 18-month high after Vedanta suspended mining at its Gamsberg zinc mine in South Africa following an accident that trapped ten workers. Vedanta Zinc International (VZI) noted the mine will stay closed until further notice while a search continues for two miners still missing after the incident. The news comes in a zinc market where mine supply is already tight due mainly to restrictions to help slow the spread of covid-19. Benchmark zinc on the London Metal Exchange (LME) was up 2% at $2,743.50 a tonne at 12:15 local… Read More Here