Other Commodities
A Beginner´s Guide to PEA's and Feasibility Studies
Before a project becomes a mine, several technical studies must be completed in order to determine the viability of the project. The first of these is the preliminary economic assessment (PEA), with pre-feasibility (PFS) and feasibility studies (FS) that …
Flaws in Russia's Oil Price Cap Exposed
The oil price cap, introduced by Western nations against Russia, is showing flaws in its implementation. Despite international efforts to limit the sale price of Russian oil to $60 per barrel, Russia has sold the commodity at higher prices. This undermines the …
EU Increases LNG Imports from Russia
Despite the ongoing conflict in Ukraine and multiple sanctions against Russia, EU member states have increased their imports of Russian Liquefied Natural Gas (LNG) in 2023. According to the non-governmental organization Global Witness, imports rose by 40% in …
Russia's oil and gas revenues: Drastic slump
Russia's oil and gas industry, which serves as the country's main source of financing, is experiencing a drastic slump in revenues. This is mainly due to lower prices for raw materials on the world market and the EU embargo and price cap. In addition, Russia …
Uganda plans oil production from 2025: Tilenga project in focus
Uganda plans to start producing oil from the Tilenga project in the first half of 2025, according to Uganda National Oil Co (UNOC) CEO Proscovia Nabbanja. Speaking at an energy conference in Singapore, Nabbanja said drilling had already begun and equipment was …
Romania aims for top position as EU natural gas producer
Romania plans to become the largest natural gas producer in the European Union (EU). Energy group OMV Petrom has been given the green light for a multi-billion euro gas project in the Black Sea. Together with the state-owned Romanian gas producer Romgaz, OMV …
China's oil imports from Russia reach record levels
China is increasingly relying on Russian oil and has replaced Saudi Arabia as the most important supplier. Last month, Chinese oil imports from Russia reached a new high of 9.71 million tons. This represents an increase of over 32.4 percent compared to the …
China's lithium campaign threatens Germany and Europe
China is waging a global campaign to secure lithium deposits, which could lead to major problems for Germany and Europe. In view of the boom in electric cars and the increasing demand for batteries, a global race is emerging for the indispensable light metal …
Shortage of raw materials: SUV trend intensifies scarcity of rare earths
The increasing demand for SUVs and electric cars is having an impact on the shortage of rare earths and other important raw materials. While the Wuling Hongguang Mini EV, a small e-car, enjoys great popularity in China, such small cars are produced less and …
Portugal approves largest lithium mine in Europe
Portugal has been given the green light to build Europe's largest lithium mine, which will supply lithium for 500,000 electric cars per year. The country's environmental authority has confirmed the project's environmental compatibility, but with conditions. …