Giant miners to see record profits slip as cost pressures bite
The top-five western diversified mining companies may see combined 2021 second-half earnings of $73 billion.
The top-five western diversified mining companies may see combined 2021 second-half earnings of $73 billion.
The promise of higher energy density batteries is making a growing number of companies focus on silicon and lithium-metal anode materials, IDTechEx reports.
Lithium, uranium, copper, gold, zinc, and rare earths are all highly sought after in the United States. Here’s a look at eight companies with interesting assets to watch.
Fastmarkets spot lithium prices surge on lower production.
Company contended with increased maintenance and production disruptions at Harjavalta plant in Finland in 2021.
“To get to zero emissions, we need metals. It would be the largest boom the mining industry has seen since the California Gold Rush of 1849. The demand would be infinite.”
President Joko Widodo last month revoked the permits of more than 2,000 companies due to poor compliance.
Seabed mining is a new industry that backers say can supply many of the metals including nickel, copper, cobalt, and manganese.
Vale was expected to overtake its main rival in the fourth quarter, but reported a disappointing 82.5 million metric tonnes of production.
In October, French President Emmanuel Macron identified deep seabed exploration as an investment priority for France.