In recent times, the global copper market has been undergoing a significant shift, marked by the emergence of a supply-demand imbalance that has led to what experts are terming an “age of extremely large deficits.” This development has far-reaching implications for various industries and economies around the world, given copper’s indispensable role as a foundational…
In a significant development for the mining industry, the Responsible Copper Mining Framework, which has gained traction in recent years, is being extended to encompass the extraction of nickel, zinc, and molybdenum. This expansion marks a critical step forward in promoting responsible and sustainable practices within the resource extraction sector, addressing environmental, social, and economic…
In a momentous achievement for the mining industry, BHP, one of the world’s largest diversified resource companies, has reached a significant milestone at its Jansen potash project in Saskatchewan, Canada. The milestone marks a crucial step forward in BHP’s ambitious venture into the potash market, positioning the company to become a major player in the…
In an exciting development for the Brazilian mining industry, Serra Verde has announced the commencement of the commissioning process for its highly anticipated rare earths mine. This milestone marks a significant step forward in Brazil’s ambitions to tap into its vast reserves of rare earth minerals and reduce its dependency on foreign imports. The Serra…
The nickel market has been facing a squeeze in recent months, with prices rising to their highest levels in a decade and supply shortages becoming increasingly severe. The nickel market has been under pressure for some time, with demand for the metal outstripping supply. This has been driven by strong demand from the stainless steel…
Mosaic Co., one of the world’s largest producers of potash fertilizer, has announced plans to reduce production at its Colonsay potash mine in Saskatchewan, Canada. The move is part of a broader strategy to reduce costs and streamline the company’s operations in the face of a challenging market environment. The Colonsay mine is one of…
Electra, a Canadian-based mining and metals company, announced that it has begun talks with the government of Quebec about the possibility of building a second cobalt refinery in the province. The new facility could be located in the Saguenay-Lac-St-Jean region, and would be used to process cobalt ore mined from the company’s nearby Lac des…
Uranium mining stocks rose on Thursday after the United States government announced it was considering imposing sanctions on Russia’s state-controlled nuclear energy company, Rosatom, in response to the country’s alleged interference in the 2020 presidential election. The news sent uranium mining stocks higher as investors bet that the potential sanctions would limit Russia’s ability to…
On April 30th, 2020, the Perth-based mining company Essential Metals Ltd (Essential Metals) rejected a takeover bid from Tianqi Lithium Corporation (Tianqi Lithium) and IGO Ltd (IGO). The bid sought to acquire all of Essential Metals’ shares at a price of $0.082 per share. Essential Metals is an exploration and development company that is focused…
China is set to step up its efforts to explore and exploit deep sea mining resources, a move that could have far-reaching implications for the global economy. The Chinese government has long been interested in deep sea mining, with its Ministry of Natural Resources (MNR) announcing in 2018 that it was investing in the development…