China Nonferrous Metals Group in talks to invest in Kazakh copper smelter

A recent feasibility study details a further two years at the producing oxide phase and a 10.5-year expansion.

The Indonesian arm of the Brazilian mining giant is expecting nickel matte production of 65,000 tonnes in 2022, compared with an annual average of 70,000-75,000 tonnes.

Average LME nickel prices are seen declining to $17,000/t in 2022 from an estimated $18,500/t this year, Antaike says.

Nickel is the worst performing base metal in 2021, but the metal’s project pipeline covers less than 10% of requirements through 2030, says new report.

A Reuters investigation in 2019 found that UAE took in gold worth billions of dollars smuggled from Africa.

The CO2 reductions represent Scope 1 emissions for Oldendorff and Scope 3 emissions for Teck.

Sumitomo has raised its copper price forecast to $9,071 a tonne for the year from its May estimate of $7,800.

Supplies of coal, the key source of electricity generation in China and India, are beginning to rise again after governments pressed miners to boost output.

It’s not just car buyers that may feel the pinch.