Other Commodities
BASF is planning a nickel-cobalt refining plant
BASF and Eramet announced today that they have signed an agreement to the construction of a hydrometallurgical nickel and cobalt refining complex. The complex would have a high pressure acid leach facility that would be located in Weda Bay, Indonesia. The …
Crude Oil supplies increase sharply in the US
The American Petroleum Institute reportedly showed an unexpected build of 1.97 million barrels of oil for the week ending December 11th. Gasoline supplies reportedly show a build of 828K barrels, Distillate supplies show a build of 4.76M barrels, and Cushing …
The Australian mining sector is facing a major overhaul
Rio Tinto's legal destruction of old Australian rock coffers showed the mining sector is at major investment risk without further reforms, institutional investors said Thursday, supporting the results of a review of the incident. The parliamentary interim …
The EV battery metals index will have a record year
The EV Metal Index, which tracks the value of battery metals in newly registered electric cars (including hybrids) around the world, fell from its all-time high in September, but still saw its third-best month ever in October. The index was boosted not only by …
Rare Earth Prices are rising globally
BMO Capital Markets says a rise in the price of Chinese rare earths in November is a reflection of geopolitical tensions between that country and the developed world. Commenting on the sudden price hikes, Colin Hamilton, commodities analyst at BMO Capital …
Botswana Diamonds takes over Sekaka
Botswana Diamonds (LON: BOD) said Monday it completed the acquisition of Sekaka, the exploration vehicle owned by contested rival Petra Diamonds (LON: PDL) that held three prospecting licenses in the country's central Kalahari game reserve. In one of its …
What Makes "Silver" Unique?
In the precious metals investment space, gold tends to grab most of the market’s attention as opposed to silver. Never-the-less, silver is also a tangible store of value asset which can protect portfolios against overall market risk. Where silver truly differs …
Petrobras planning to increase oil exports
Petrobras (PBR -3.2%) forecasts a rapid increase in oil exports and divestments in the five-year period to 2025 as it doubles its core export promotion and deleveraging strategies. In a virtual presentation during the annual Investors Day, Petrobras said …
De Beers is planning to streamline and clean up its supply chain
Diamond mining giant De Beers on Monday unveiled plans to source its diamonds ethically and be carbon neutral by 2030 as investor pressure grows on companies to act environmentally and socially responsible. The initiative is the latest example of a miner …
Is this the end of Brazil´s oil boom?
Brazil's massive offshore oil boom, particularly in the deep-sea offshore pre-salt oil fields, continues to grow despite weaker oil prices and the severe impact of the COVID-19 pandemic. The strong demand from Asian refineries, particularly in China, for …