Other Commodities
The Investor Guide on How to Interpret Drill Results
If you want to achieve a high success rate as a natural resource investor, then you must have the ability to accurately interpret drill results. This is something that few retail investors are capable of doing and therefore is a simple way of getting the upper …
Glencore´s copper smelter in Australia to be operating beyond 2022
Glencore will spend A $ 500 million ($ 356 million) to extend the life of its copper smelter and refinery in the Australian state of Queensland beyond 2022 after reaching a funding agreement with the state government, both parties said Wednesday. The global …
First Cobalt does not feel setback through cobalt-free batteries
After First Cobalt (TSX-V: FCC; OTCQX: FTSSF) posted his vision of dumping cobalt from its batteries, he said Elon Musk would face a "daunting challenge" if he wanted to dump the blue metal. First Cobalt describes itself as a North American pure cobalt company …
Copper production declines on a world-wide level
World copper mine production decreased 1% in the first half of 2020, with concentrate production decreased 1.2% and solvent extraction electrowinning (SX-EW) decreased 0.4%, the International Copper Study Group said. "Global mine production declined by an …
Oil prices down on bad market outlooks
Oil prices fell Monday as rising coronavirus cases fueled demand concerns, with major crude oil benchmarks on the way to their first monthly decline since April. The price of Brent crude (LCOc1) fell 32 cents, or 0.7%, to $ 41.60 per barrel by 0915 GMT. U.S. …
Smelter Closures in New Zealand will be delayed by 3 to 5 years
New Zealand Prime Minister Ardern says her government will negotiate to extend the operations of Rio Tinto's (NYSE: RIO) Tiwai Point aluminum smelter for 3-5 years if it comes back to power in the upcoming elections. The proposed closure is a hot election …
Gold production to decrease 1.7% in 2020
The cessation of mining activities due to the Covid-19 outbreak in the second quarter of this year will result in a 1.7% decline in global gold production in 2020, according to GlobalData. According to the data and analytics firm, all of the world's top gold …
America will be helping Colombia to develop its mining industry
US Secretary of State Mike Pompeo announced that his office will launch a program to provide technical assistance for the development of Colombia's mining industry. During a recent visit to the South American country, Pompeo said the proposal will be …
Mining Dams in Brazil are still not safe to operate
Despite two major fatal mining accidents since 2015, Vale (NYSE: VALE) has still failed to meet some security pledges signed with authorities to prevent a third disaster, a Brazilian federal prosecutor told Reuters. Vale continues to operate 29 dams for mining …
China is importing less crude oil
China's crude oil imports tended to be much lower in September than they were in the past four months, while the rest of Asia also slowed imports significantly this month as demand remains under pressure, IHS Markit said on Friday. Crude oil unloaded in …