A double digit runup in copper just in April lifts the orange metal to within sight of $10,000/tonne as warnings prices are running ahead of fundamentals emerge.
https://www.mining.com/spectacular-copper-price-rally-only-gaining-momentum/
China’s Copper Smelter Purchase Team appears to be making good on promises of cutbacks with end-March inactivity at refiners jumping to 12.8% compared to 4.1% a year ago.
World’s 50 biggest miners had a combined market capitalization of just under $1.4 trillion, with losses at the very top offsetting a banner quarter for gold and copper stocks.
https://www.mining.com/big-5-diversified-mining-companies-are-having-a-rough-2024/
While plummeting spot TC/RCs – from $90+ to $3 – are behind the (already fizzling) rally, copper’s long term supply problems are also firmly back in focus.
https://www.mining.com/charts-copper-price-bulls-bring-back-10000-forecasts/
China’s overseas investment in metals and mining as part of its Belt and Road Initiative surged by 158% last year, hitting $19.4 billion with energy transition metals the main focus.
https://www.mining.com/chart-chinas-belt-and-road-mining-investment-hits-record/
Macquarie says January's full set of PMIs looks like a potential turning point for the global industrial cycle.
https://www.mining.com/green-shoots-for-copper-nickel-zinc-aluminium-prices/
Powered by Tesla’s own made-in-Texas batteries, the stainless steel Cybertruck carries a heavy load of nickel, cobalt, manganese, graphite and lithium.
The ranks of the most valuable mining companies in the world were throughly scrambled in 2023 as governments intervened, lithium and nickel prices tumbled, gold hit records and a new listing went...
https://www.mining.com/activists-hollywood-take-down-top-50-mining-company/
A critical review of current developments in the global lithium industry and key takeaways by Chris Williams, Analyst at Adamas Intelligence.
https://www.mining.com/lithium-lowdown-q4-2023-roundup-and-analysis/
In a few short years, LFP batteries crushed nickel and cobalt mining markets and new technology could do the same to lithium.
https://www.mining.com/blade-runners-how-lfp-batteries-brought-ev-metal-markets-back-to-earth/
A tumultuous year for the global mining industry: collapse of lithium prices, furious M&A activity, gold’s new record and state intervention in mining on a scale not seen in decades.
https://www.mining.com/the-biggest-global-mining-news-of-2023/
New study shows a $1.1 billion drop in gold exploration budgets this year as juniors struggle to raise capital, but the precious metal still accounts for 46% of the total.
https://www.mining.com/what-green-energy-transition-half-of-mining-still-exploring-for-gold/
Amid a wider slump, MINING.COM’s ranking was lit up by newcomer Amman Minerals, which now sits just outside the top 10 after minting at least six new billionaires since its July IPO.
The massive capital outlays required by the green energy transition have become a top mining boardroom agenda item, says new survey.
https://www.mining.com/raising-capital-now-biggest-risk-to-mining-companies-after-esg/
When the EU closes its EV market to China, it would open up a direct route and likely premium pricing for lithium, nickel, cobalt miners now supplying China.
Uranium price tops $60 a pound first time since 2011 as World Nuclear Association predicts installed capacity to expand 70% by 2040 amid small modular reactor construction boom.
https://www.mining.com/uranium-price-makes-fresh-decade-high-as-forecasts-grow-even-rosier/
Sales-weighted worldwide prices for lithium the lowest since December 2021 as weakness in China is exported elsewhere.
https://www.mining.com/lithium-revival-a-dead-cat-bounce-as-prices-slump-to-20-month-low/
New study shows dramatic increase in investor-state disputes and 80% of miners and counsel involved in arbitration expect greater government intervention over the next year.
https://www.mining.com/mining-is-growing-rapidly-so-are-investor-state-disputes/
New research lays out scope of substitution and thrifting of copper as automakers and other manufacturers find ways to head off a supply crunch.
https://www.mining.com/over-20m-tonnes-of-copper-demand-could-be-destroyed-through-2030/
MINING.COM’s ranking of world’s biggest miners welcomes the first Indonesian company to the top tier and Perth as the city hosting the greatest number on the list.
There are millions of end-of-life tires buried or piled high at mines around the world. A unique Canada-Japan joint venture is tackling this problem head-on in the heart of global copper mining.
https://www.mining.com/kicking-tires-its-time-to-talk-about-minings-overlooked-esg-problem/
Interview with Gene Morgan, CEO of brinefield services company Zelandez on the outlook for lithium prices, Chile nationalisation, Bolivia's prospects and impact of US IRA act.
https://www.mining.com/the-global-lithium-rush-is-only-at-the-beginning/
Top producer of battery metal Australia sees spodumene prices holding up in 2023 but next year declines of nearly 40% are likely.
https://www.mining.com/australia-forecasts-brutal-lithium-price-correction-as-output-surges/
INTERVIEW: Artem Volynets of ACG Electric Metals wants to roll up critical metals industry one mine at a time.
https://www.mining.com/1-billion-spac-deal-shows-how-mining-supply-chains-are-breaking-up/
New report says lithium, nickel sulphate and rare earth prices are set to recover sharply but graphite, magnesium and titanium markets are in for more pain.
https://www.mining.com/critical-material-prices-are-recovering-but-the-outlook-is-mixed/
Dean Slocum and Chris Anderson of Acorn International on artisanal miners, China in Africa, the NGO-industrial complex, Juukan Gorge and mining’s changing guard.
https://www.mining.com/the-changing-landscape-of-esg-in-mining/
Copper mining company profits topped $100 billion two years in a row, but building a new mine now takes on average 16 years.
A look at the esteemed financial paper’s case for calling copper the next big bull market.
https://www.mining.com/wall-street-journal-sees-a-debt-ceiling-copper-glow-up/
Shares in the world’s top two lithium producers are tanking after Chile said their contracts will not be renewed and prices for the battery metal continue to fall.
https://www.mining.com/top-stocks-plummet-after-chile-brings-lithium-industry-under-state-control/
With massive stockpiles from Tenke Fungurume in the DRC released for export, cobalt prices face further pressure.
https://www.mining.com/fresh-blow-to-cobalt-price-bulls-as-prices-sink-below-20000/
Recent stimulus in China, consumer of half the world's copper, is the weakest in 20 years relative to the size of its economy -- report.
https://www.mining.com/copper-price-is-rallying-but-china-stimulus-could-be-phantom-tailwind/
World’s top 50 mining companies build on gains in the first quarter of 2023, but remain well below valuations this time last year as M&A fever grips the sector.
https://www.mining.com/charts-minings-top-50-companies-top-1-4-trillion-value-amid-ma-fever/
Gold mining stock prices have to double to get back to 30-year average relative to the gold price and the S&P 500.
https://www.mining.com/charts-there-is-a-chasm-between-gold-price-and-gold-mining-stock-valuations/
Mining companies have to run just to stand still, but expansion capex in the global mining sector as a percentage of profits has halved in a decade.
https://www.mining.com/chart-demand-is-soaring-but-global-mining-is-not-expanding/
MINING.COM’s EV Metal Index surged to just under $27 billion in 2022 thanks to surging lithium and nickel prices, but January saw a 50% month-on-month drop.
Production from top supplier Indonesia jumped 41% in January, compared to last year.
https://www.mining.com/nickel-price-slumps-as-global-production-soars/