Russia, China to buy 10% in Onexim Group’s mining company

Russia, China to buy 10% in Onexim Group’s mining company

Russia’s RDIF sovereign wealth fund said on Thursday it had completed a joint deal with the Russia-China Investment fund and a Middle Eastern sovereign wealth fund to acquire a 9.53 stake in Russian mining company Intergeo. Intergeo, a part...

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PDAC 2019 Convention exceeds 25,000 attendees

PDAC 2019 Convention exceeds 25,000 attendees

Toronto, March 6, 2019 – The Prospectors & Developers Association of Canada (PDAC) hosted 25,843 attendees from more than 130 countries at PDAC 2019—the world’s premier annual mineral exploration and mining convention. PDAC was pleased to...

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Iron ore prices reach almost two-year high

Iron ore prices reach almost two-year high

Iron ore prices reached an almost two-year high on Tuesday, following January’s fatal tailings dam breach in Brazil at Vale’s Córrego do Feijão mine. Iron ore was at $86.65/dry ton on Feb. 4, up 14% since the dam breach and the highest since...

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Megafactories buildout could up nickel demand in batteries 19 fold—Benchmark

Megafactories buildout could up nickel demand in batteries 19 fold—Benchmark

It was encouraging for miners when Simon Moores, managing director, Benchmark Mineral Intelligence, testified before the U.S. Senate Committee on Energy and Natural Resources on Tuesday. Moores was summoned by the Senate Committee to testify on...

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Ford says carmakers may need to invest in cobalt mines soon

Ford says carmakers may need to invest in cobalt mines soon

Carmakers may have to consider investing directly in cobalt mines to secure supply over the next three to five years, as demand for the metal used in rechargeable batteries is set to increase exponentially, Ford Motor Co. senior manager for...

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Lead production expected to grow in 2019 – report

Lead production expected to grow in 2019 – report

A study by Wood Mackenzie forecasts that global lead production, excluding that of China, will increase in 2019 by about 250 kt, which is equivalent to over 10% of current output. According to the market analyst, approximately 90 kt are due to...

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Gold miners get their mojo back as giant deals revive allure

Gold miners get their mojo back as giant deals revive allure

After years on the sidelines, gold producers are suddenly the mining world’s hottest topic as the industry gathers in Cape Town this week. For more than half a decade, gold miners have been stuck in the doldrums, shunned by investors following a...

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LME launches new contracts with steel, alumina best placed to succeed

LME launches new contracts with steel, alumina best placed to succeed

New steel and alumina contracts have the best chance of succeeding as the London Metal Exchange (LME) unleashes 10 new products early next year in an attempt to compete more effectively with rival exchanges, industry sources said. The new...

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China Slams Brakes on U.S. Crude Oil Imports

China Slams Brakes on U.S. Crude Oil Imports

Even though Beijing hasn’t sanctioned American oil imports yet, Chinese buyers aren’t taking any chances. The world’s second largest economy halted purchases of U.S. crude in August for the first time since September 2016, according to U.S...

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Oil Bullishness Is at a 4-Month High

Oil Bullishness Is at a 4-Month High

It seems hedge funds are jumping on the $100 crude bandwagon. As speculation increases that global oil prices could again trade that high, money managers are piling on bullish wagers, while short-selling shrinks. They are the most optimistic on a...

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Rocketing vanadium price primed for ‘Elon Musk moment’

Rocketing vanadium price primed for ‘Elon Musk moment’

Spiking cobalt and lithium demand from booming sales of electric vehicles grabs all the headlines, partly thanks to Tesla CEO Elon Musk’s propensity to make news, but another battery metal has actually experienced more action this year. Vanadium...

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