Iron ore’s reset to $100 heralds China’s new economy shift
Iron ore’s reset to around $100 a ton is indicative of a broader reshaping of China’s commodities markets that favors the new economy over the old.
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Visit: 61
Circular economy can greatly increase secondary supply of REE in next three decades
Mining News Pro - An international team of researchers has presented a novel integrated model that quantifies how circular economy strategies can reshape global supply chains of critical rare earth elements, such as neodymium, dysprosium and terbium.
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Peru’s economy weaker than expected in August, shrinks 0.63% y/y
Mining News Pro - Peru’s economy shrank by 0.63% in August compared to the same month a year earlier, undershooting analysts’ expectations, figures from the national statistics institute (INEI) showed on Sunday.
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Rio Tinto says China’s economy faces a ‘big real estate issue’
Mining News Pro - Miner Rio Tinto Group sees a host of near-term economic challenges in China, including in the country’s real estate industry, but reaffirmed its positive medium- and long-term outlook.
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Copper price rises as China’s economy shows strong recovery
Mining News Pro - The copper price rose on Wednesday after better-than-expected manufacturing activity data from China underpinned demand hopes.
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Visit: 162
Copper price outlook for next year
Copper prices — traditionally a barometer for the global economy — are expected to soar next year
Mining News Pro - The metal has endured a tough 2022 due to tighter U.S. monetary policy, the energy crisis arising from Russia’s war in Ukraine and China’s combination of strict Covid-19 lockdowns and a weak property market.
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Visit: 369
Iron ore’s slump likely to deepen until China’s economy revives
Mining News Pro - Iron ore is one the poorest performing commodities this year, and the rout in prices is only likely to deepen until China’s economy stages a revival.
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Visit: 425
Demand for aluminum slows in another sign of troubled economy
Mining News Pro - Storm clouds are forming in the North American aluminum market as makers of everything from automobiles to beverage cans to kitchen appliances are holding off booking next year’s raw material orders.
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Visit: 544
Construction sector adds value to economy in second quarter
Mining News Pro - JSE-listed industrial minerals, bulk commodities and construction materials miner Afrimat reports that, compared with the first quarter of this year, the construction sector managed to increase the value added to the economy by 4.1% in real terms in the second quarter.
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Green economy may lead to sulfur shortages
Mining News Pro - A projected shortage of sulfuric acid could stifle green technology advancement and threaten global food security, according to a paper published in The Geographical Journal.
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Visit: 521
Peruvian Institute of Economy reports decrease in mining private investments
Mining News Pro - A recent report by the Peruvian Institute of Economy states that the country’s mining sector has seen a ‘concerning’ decrease in private investments.
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Will mining be a bottleneck in the transition to a net zero economy?
Mining News Pro - In the transition towards clean energies and the associated growth in demand for minerals, with lithium consumption expected to increase sixfold by 2030, boosting mining production without damaging the environment is one of the greatest challenges.
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GolGohar Company and the appreciation of the Ministry of Economy
Mining News Pro - Iran’s minister of economy appreciated the positive performance of GolGohar company in Commodity Exchange Top Companies Conference.
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Visit: 1179
Peru economy grows 3.79% in March, weighed down by mining protests
Mining News Pro - Peru’s economy grew 3.79% in March compared with a year earlier, the country’s statistics agency said on Sunday, with most sectors of the economy showing improvement, while the key mining industry shrank due to social conflicts hitting production.
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Visit: 696
Iron ore price up as China vows to support economy
Mining News Pro - The iron ore price rebounded on Tuesday after China pledged more support to help revive an economy that’s been imperiled by an escalating virus outbreak.
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Visit: 619
Copper price rebounds as China steps up support for economy
Mining News Pro - The copper price recouped some of Monday’s losses after China pledged more support to help revive an economy that’s been imperiled by the escalating virus outbreak.
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China’s 2021 gold consumption jumps by a third on-year as economy grows
Mining News Pro - China’s 2021 gold consumption rose by over a third from the previous year, as its economy rebounded from the coronavirus impact, the China Gold Association said on Thursday.
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Cobalt industry to get a big boost from the shift to a green economy
Mining News Pro - The global cobalt supply chain is set to remain highly geographically concentrated in the coming years — in the DRC for mine production and in China for refining — which will likely pose procurement challenges for battery manufacturers, market analyst Fitch Solutions finds in its latest industry report.
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World economy now set to surpass $100 trillion in 2022
Mining News Pro - The world economy is set to surpass $100 trillion for the first time in 2022, two years earlier than previously forecast, according to the Centre for Economics and Business Research.
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Visit: 810
Headwinds mounting for world economy into final stretch of 2021
Mining News Pro - The global economy is entering the final quarter of 2021 with a mounting number of headwinds threatening to slow the recovery from the pandemic recession and prove policy makers’ benign views on inflation wrong.
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Visit: 807
How fossil fuels can help decarbonize the economy
Researchers at Rice University’s Carbon Hub are proposing the idea of actually using hydrocarbons to slash carbon dioxide emissions.
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Visit: 742
Approvals acceleration to fast track WA economy
Mining News Pro - The Western Australian Government has invested a record amount to accelerate project approvals across several agencies, including the Department of Mines, Industry Regulation and Safety.
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Visit: 441
WA resources sector adds $83bn to economy
Mining News Pro - Western Australia’s mining and resources industries contributed more than $83 billion to Australia’s economy in 2019-20 and directly provided more than 94,000 full-time jobs, according to a Chamber of Minerals and Energy Western Australia (CME) survey.
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Old economy recharges lead market
Mining News Pro - Tesla intends to replace the traditional lead-acid auxiliary batteries in its Model S and X electric vehicles with lithium-ion alternatives in a revamp of the two models.
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Iconic South African mines ravaged economy’s unlikely savior
Mining News Pro - The world’s deepest precious-metals mines, together with giant iron-ore and coal pits are providing an unexpected boon to a South African economy slowly recovering from its biggest contraction in a century.
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Visit: 747