Diamond producers warn of pitfalls in G7’s Russia gem ban
The World Federation of Diamond Bourses (WFDB) issued an open letter on Wednesday calling on the G7 nations and the European Union to rethink the potentially “irreparable” market outcomes of its ban on Russia-produced diamonds.
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Australia’s lithium producers see signs market is stabilizing
Pilbara Minerals said on Thursday it saw signs the lithium market was stabilizing as Australia’s top producers reported a slump in earnings and took steps to ride out slowing demand for the raw material of electric vehicle batteries.
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Visit: 117
Most cobalt producers loss-making after 2023 price slump, says ERG
Most cobalt producers are likely to be losing money on every ton of cobalt they produce after a price slump last year, Benedikt Sobotka, chief executive at metals miner Eurasian Resources Group (ERG), said on Tuesday.
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Lithium producers stay bullish on EVs despite growing headwinds
Mining News Pro - The world’s largest lithium producers say they remain bullish on long-term demand for the battery material in the midst of recent price drops fueled by growing worries that the global pace of electric vehicle adoption is slowing.
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Visit: 162
China nickel producers look to London exchange in dash for profit
Mining News Pro - Chinese nickel producers are looking to list metal on the London Metal Exchange (LME), two China-based industry analysts said, as they seek improved access to global markets and rush to lock in profits while they boost output.
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Visit: 172
Lithium producers warn global supplies may not meet electric vehicle demand
Mining News Pro - Lithium producers are growing anxious that delays in mine permitting, staffing shortages and inflation may hinder their ability to supply enough of the battery metal to meet the world’s aggressive electrification timelines.
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Visit: 163
Iron ore price mixed as steel group urges producers to cut output
Mining News Pro - Iron ore prices were mixed on Wednesday while a China steel industry group urged producers to curb output to stay afloat.
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Visit: 153
Chile government says it will reach deal with copper producers before key mining tax vote
Mining News Pro - Chile’s government is confident it can smooth out differences with the country’s largest mining companies before a key vote in congress this week on a new mining royalty bill.
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Chinese lithium producers set price floor as demand evaporates
Mining News Pro - China’s top lithium producers agreed this week to set a floor price of 250,000 yuan ($36,380) per tonne of lithium carbonate, six people familiar with the matter said, in an effort to slow a plunge in the price of the battery raw material.
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Visit: 129
Surging molybdenum price adds weight to new year rally for copper producers
Mining News Pro - Copper prices started the new year with a bang – touching fresh six-month highs on Tuesday. Copper for delivery in March touched $4.0795 per pound or just shy of $9,000 a tonne, bringing gains for the first week of 2023 to over 8%.
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How green material producers, buyers can capture the green premiums
Mining News Pro - McKinsey expects demand growth to outpace supply through 2030, driven by an increasing need for copper in modern applications, such as batteries and energy infrastructure, and by a slow project development pipeline.
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Visit: 450
Yunnan asks aluminum producers to cut power usage
Mining News Pro - China’s southwestern province of Yunnan has ordered producers of electrolytic aluminum to reduce their power usage this week, the companies told Reuters on Tuesday.
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Visit: 570
Bitcoin miners help US oil producers cut flaring
Mining News Pro - US oil producers are turning to an unexpected source to help solve the environmental problem of excess natural gas — cryptocurrency miners.
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Visit: 645
Unfair rules, violates the protection of producers
Mining News Pro - Senior advisor of Sabanour Mining Companies believes that unfair rules needs correction because it violates the protection of mining producers, machinery companies and industrial companies.
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Visit: 810
Russia pressures metals producers to keep prices at home low
Mining News Pro - Russia is in talks with metals companies to set prices for domestic clients below market rates for some period, three people familiar with situation said, as the country braces for a sanctions-induced downturn.
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Visit: 613
Oxin Steel is one of the finest wide steel sheet producers in the world
Mining News Pro - Head of Inspection of Petroleum Development Engineering Company visited the exports section of Oxin Steel Company and said that this company produce one of the best wide steel sheets in the world.
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Visit: 915
Merger of Chinese rare earth producers could affect prices
Mining News Pro - The merger of three rare earth element producers in China — China Minmetals Rare Earth, Chinalco Rare Earth & Metals and China Southern Rare Earth Group — could affect global prices at a time when demand for REEs is rising due to their use in electric vehicles and other ‘green energy’ technology, some analysts say.
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Visit: 414
Chadormalu Mining Co. among the major producers of Concentrate in Iran
Mining News Pro - According to published statistics on the performance of 9 iron ore production units in the country including Sabanour, Golgohar Mining, Chadormalu Mining and etc, during the first quarter of this year, 11 million 913 thousand 536 tons of iron ore has been produced which shows a 2 percent decrease compared to the same period last year.
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Visit: 661
Sabanour Mining Co. among the major producers of Concentrate, 2 percent decrease
Mining News Pro - According to published statistics on the performance of 9 iron ore production units in the country including Sabanour, Golgohar Mining, Chadormalu Mining and etc, during the first quarter of this year, 11 million 913 thousand 536 tons of iron ore has been produced which shows a 2 percent decrease compared to the same period last year.
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Visit: 662
Mobarakeh Steel Co. among the few producers of API slab in the world
Mining News Pro - Deputy of operation on MSC mentioned that this company is the only producer of API slab in Iran.
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Visit: 669
Russia to raise tax on metals producers in 2022
Mining News Pro - Russian President Vladimir Putin said on Friday that Russia will raise a mineral extraction tax (MET) on metals producers in 2022.
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Visit: 568
Critical minerals producers needed to meet future demand
Mining News Pro - Global demand for critical minerals could increase by up to six times by 2040, according to an International Energy Agency (IEA) report.
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Visit: 476
Top eight gold producers’ output to increase again after 2020 drop
Mining News Pro - Production from the world’s eight largest gold producers – Newmont, Barrick Gold, AngloGold Ashanti, Polyus, Kinross, Gold Fields, Newcrest and Agnico-Eagle – decreased by 6.5% year-on-year to 24.98-million ounces in 2020, reports data and analysis provider GlobalData.
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Visit: 692
Tungsten producers may have to look at new markets
Mining News Pro - A new report by Roskill states that the possible uptake of electric vehicles over internal combustion engines may mean tungsten prices and consumption in the automotive sector never recover to 2017 levels.
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Visit: 790
MSC is one of the biggest producers of DRI in the world
Mining News Pro - Currently, Mobarakeh Steel has a 20% share of the flat steel sheet market in the region.
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Visit: 868