New squeeze hits London metal market with zinc spreads spiking

Coeur acquired the Silvertip mine and mill in 2017 but ceased mining and processing in 2020.

The Raglan project has proven and probable reserves of 31.9 million tonnes grading 2.12% nickel, 0.81% copper and 0.05% cobalt.

The Lobito corridor is central to the Biden administration’s plans to secure access to crucial metals for the energy transition in Zambia and neighboring Democratic Republic of Congo.

The company now has all the permits necessary to proceed with the Black Butte project.

The inbound flow is raising hopes among some junior miners that it will be easier to find Chinese funding.

Miners and smelting companies have been concerned by delays in the approvals.

The mine shutdown has reinforced downward pressure on the country's credit rating.

Vale produced 66,800 metric tons of copper in 2023 in Sossego.

Proponents predict AI will be indispensable to help the industry ramp up the supply of battery metals for the global energy transition to fight climate change.