Nickel price storms to 10-year peak on supply worries

The electric vehicles pioneer is worried about the effects of booming demand for EVs will have on the supply of minerals needed to manufacture rechargeable batteries.

Barrick's South Arturo loses top spot, two other Barrick mines dropped from top 10 ranking.

Kyrgyzstan's parliament voted on Thursday to ban uranium exploration and mining despite previously issuing licenses to foreign companies such as Canada's Azarga.

The World Bank is targeting a total investment of $50 million, to be deployed over a 5-year timeframe.

Global demand for strategic minerals like lithium, graphite and nickel will skyrocket by 965%, 383% and 108% respectively by 2050, according to the World Bank’s updated 2018 projections.

For 10 days, refiners and oil firms in Europe cut purchases of Russian oil by up to a million barrels a day after finding out crude from the Druzhba pipeline network was heavily contaminated.

SocGen said this month it would cut 1,600 jobs to boost profits after poor performance last year and exit over-the-counter commodities trading.

The project has a Mineral Resource of 163 million pounds in the Indicated category and 16.7 billion pounds in the Inferred category.

The company's stock fell to its lowest in more than a year — likely a market reaction to the higher funding costs and dilution from the share placing.