World’s biggest bank finds rock bags instead of nickels
21 Mar 2023
London Metal exchange has cancelled all nickel trading for another week after the world’s biggest bank JPMorgan found its nickel contracts were backed by bags of rocks.
Glencore resumes operations at Antapaccay copper mine in Peru
15 Feb 2023
In the midst of rising political turmoil, Glencore, the multinational commodity trading and mining company, has resumed operations at its Antapaccay copper mine in Peru. The mine was temporarily shut down due to protests and roadblocks caused by political unrest in the region. The move to restart operations has been met with mixed reactions from the local community and environmental groups.
Commodity Trader Trafigura Faces $577 Million Loss on Nickel 'Fraud'
10 Feb 2023
Commodity trader Trafigura Group says it's facing more than half a billion dollars in losses after discovering metal cargoes it bought did not contain the nickel they were supposed to. Su Keenan reports on Bloomberg Television.
Sweden discovers Europe’s largest deposit of rare earth metals
13 Jan 2023
Sweden's LKAB has discovered the continent's largest deposit of rare earth metals. The discovery of over one-million tonnes of rare earth oxides was made in Kiruna in the far north of Sweden.
Rare earths refers to 17 different elements used in items such as mobile phones, electric vehicles, and even missiles. Currently no rare earths are mined in Europe.
The future of mining in Saudi Arabia
09 Jan 2023
Mining Journal talks to His Excellency Khalid Saleh-Al-Mudaifer, Vice Minister for Mining Affairs, about the Kingdom of Saudi Arabia's plans to support the mining sector. The vice minister discusses the nation's pro-mining agenda, as well as new investment opportunities.
Zambia and Congo Leaders Sign Away Their Cobalt Supply Chain At US-Africa Summit
25 Dec 2022
Zambia and the Democratic Republic of Congo sign away their cobalt supply chain to the USA. A critical commentary regarding the sell-off of these important resources required for the production of electric vehicles...
EU seeks to be competitive in the race for rare earth metals
21 Nov 2022
Countries are racing to get rare earth metals and other critical minerals, some of which are necessary for the climate transition..
The fight between China and the US over lithium
16 Nov 2022
The Chinese Communist Party is taking over lithium in Latin America. Both the Chinese regime and the United States are setting their sights on the lithium triangle area, which is located between Chile, Bolivia, and Argentina.
These countries account for more than 70% of the world's lithium reserves.
Lithium – boom or bust?
28 Oct 2022
The global hunt for lithium is on. Markets expect that lithium-ion batteries are set to dominate in the second half of this decade. Automakers are now in a mad scramble to secure a supply of lithium today to ensure they can make cars for tomorrow. 'Surely that means investors should pile into lithium stocks?' Sam Volkering asks Shae Russell in this week’s Exponential Investor podcast.
Europe Has Zero Minerals
01 Aug 2022
Critical Raw Materials are now the focus of a new gold rush in a race for technological and economic supremacy. With industrial policy focused on securing rare earth metals, lithium or Cobalt, China, the USA, and European Union are developing partnerships to access those minerals.
Copper: The Electrification Metal in Short Supply
28 Jul 2022
Copper is the essential metal for modern society. Without copper our civilization would simply not exist as it does today. Copper resists corrosion, and alloys well with other metals. It’s our most efficient conductor of heat and electricity. In prior reports, we’ve pointed to copper as a critical green metal. As the world moves to green energy, copper’s role in electrification will be critical to a successful green energy transition.
Davos interview with Chairman of Vedanta Resources at World Economic Forum
26 May 2022
First reaction from Anil Agarwal after the union cabinet approved sale of its residual stake in Hindustan Zinc, a company in which Vedanta holds the majority stake.
Emerging powers in Africa: Strategic minerals
18 May 2022
What is the impact of the rise of rare earth mineral demand, and what are the optimum policies, regulations, and legislation frameworks to attract investment that generates benefits for investors, national treasury, and communities?
Elon Musk teases Tesla's entry into lithium mining
08 Apr 2022
Elon Musk starts discussion about whether Tesla should get into lithium mining.
Why The EV Industry Faces A Global Nickel Shortage
19 Mar 2022
As the electric vehicle industry ramps up, it could be hindered by a global shortage of nickel, a key component in most lithium-ion batteries. Tesla recently signed a deal to source nickel from a proposed mine in Minnesota, though mining raises a variety of environmental concerns that EV automakers must grapple with if they want to source battery minerals responsibly.
London Metal Exchange suspends nickel trading after prices more than double
08 Mar 2022
The latest news from the London Metal Exchange, which has suspended trading of its nickel contract following a short squeeze.
How Will Ukraine Tensions Hit Base Metal Prices?
03 Feb 2022
The threat of a Russian invasion of Ukraine has stoked geopolitical tensions between Russia, the US and its European allies. A military incursion and subsequent retaliatory sanctions could affect base metals markets via disruption to Russia’s metal supply, higher energy costs for Europe’s metal producers and macro-led risk-reduction.
Deadly explosion in Ghana leaves huge crater after a mining truck accident
21 Jan 2022
A massive crater has been formed in the ground following an explosion in Ghana's rural west. The explosion happened when a truck carrying explosives to a gold mine collided with a motorcycle. Multiple people are believed to have been killed. Footage shows widespread damage to houses nearby.