Ecuador sees mining exports rising 74% in 2021, ministry says
Ecuador has plentiful mineral reserves, but has lagged far behind other Andean countries in developing large-scale mining.
Ecuador has plentiful mineral reserves, but has lagged far behind other Andean countries in developing large-scale mining.
Vale and BHP may fund this capital increase at least partially.
The inclusion of zinc in China's sales of state metal reserves is testament to the market's continued surprising strength.
While seabed mining remains technologically and commercially unproven, rising demand for metals crucial to decarbonization are already unleashing a gold rush to the bottom of the sea.
Wood Mackenzie plots the forecast progress of gold miners out to 2030 against the reduction in emissions required to align with the 2°C and 1.5°C targets.
It would auction 20,000 tonnes of copper, 30,000 tonnes of zinc and 50,000 tonnes of aluminium.
Copper price up 2% Tuesday despite Chinese plans to publicly auction a total of 100,000 tonnes of non-ferrous metals early next month.
Copper has hit an indecisive patch and it’s not surprising that funds have gone to play in other markets.
Early estimates indicate the SAG mill affected by a fire would only restart by year-end.
The major is also looking to collect a portion of the $52 million it has already spent at the project.