Mining industry to continue flying high through 2022 – report
Capex budgets are on the rise after major mining companies were able to weather the covid-19 pandemic.
Capex budgets are on the rise after major mining companies were able to weather the covid-19 pandemic.
Yangshan copper premium fell to $30.50 a tonne, its lowest since February 2016, indicating weakening demand for imported metal into China.
The electric cars giant already sources three quarters of its lithium feedstock and over a third of its nickel from Australia.
The CGO East area has continuous nickel-copper mineralization over a strike length of more than 500 metres.
It plans to invest C$25 million in studies that will look at the potential to create a local battery metals supply chain in the province.
This is the first time USW 6500 workers have been on the picketline since a year-long strike ended in July 2010.
Like gold, fewer and fewer large copper deposits are being discovered, and the time between discovery and production has lengthened over the years as costs rise.
Key moves in the mining sector.
The energy transition will be mineral intensive and create massive demand for all the metals in renewable tech.
The paradox of the green revolution is that public opinion is firmly in favour of decarbonisation but not the mines and smelters needed to get there.