South America looks at creating “lithium OPEC”

Mining News Pro - Argentina, Chile, Bolivia and Brazil are analyzing the creation of a lithium cartel of sorts in charge of expanding South America’s processing capacity, turning more of their mined lithium into batteries and tapping into the electric vehicles (EVs) manufacturing sector.

Mineral-rich countries want to form an OPEC for battery minerals

Mining News Pro - Indonesia is considering a cartel for nickel and cobalt, while Argentina, Bolivia, and Chile are in "advanced talks" about a "lithium OPEC"

Oil posts first monthly drop this year as OPEC hikes supply

Mining News Pro - Oil marked its first monthly decline since November as OPEC+ completed the return of output it halted during the pandemic and signs emerged that the US economy was on weaker footing than expected.

Oil little changed after historic Opec+ deal to cut production

Mining News Pro - Oil surrendered gains after rising in early trading as investors weighed whether an unprecedented deal by the world’s biggest producers to cut output would would be enough to steady a market pummeled by the coronavirus.

Saudi`s Falih says oil stocks still building, but Opec to act if needed

Mining News Pro - Saudi Arabia`s Energy Minister Khalid al-Falih said on Saturday that Opec will be responsive to the oil market`s needs, but that he was not sure there is an oil shortage with data, particularly from the United States, still showing inventories building.

Oil holds drop on doubts over Opec curbs and US supply threat

Mining News Pro - Oil held its biggest loss in two weeks as uncertainty over how the OPEC + coalition will implement its output cuts and the prospect of surging US supplies kept investors wary.

Oil rises as OPEC, partners discuss supply cut

Mining News Pro - Oil rose on Wednesday, recouping some of the previous session’s slide, on the growing prospect of OPEC and allied producers cutting output at a meeting next month to prop up the market.

OPEC sees slower 2019 oil demand growth, warns on economy

Mining News Pro - OPEC on Wednesday further trimmed its forecast for 2019 global oil demand growth and said the risk to the economic outlook was skewed to the downside, adding a new challenge to the group’s efforts to support the market next year.

Alignment of OPEC and Brent prices on the global market

Mining News Pro - Brent crude for the North Sea valued at $ 74 and $ 90 a barrel for OPEC`s oil basket in the world market for $ 72 a cent.

The return to the black market / OPEC oil market rose to $ 75

Mining News Pro - Brent crude for Brent North at $ 77 and $ 11 and the OPEC basket was traded at $ 75 and 21 cents in the global commodity market.

The fall in oil prices in the global

OPEC oil market is over $ 73

Mining News - Barrels of US-style crude oil traded at US $ 64 and 32 cents, as well as OPEC`s basket of valued at $ 73 and 35 cents in the global market.

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