Investors love copper but not the price of building a new mine
As copper bulls pushed prices to decade highs, the end of a six-month corporate spat showed that some investors were still reluctant to back a long-term bet on the metal.
The Gakara mine holds some high-grade rare earth elements, some of which are expected to become essential for the manufacturing of batteries, magnets and electric vehicles.
Mining ihas been one of the last sectors to use a surge in computer processing power, cloud data storage and complex algorithms to make sense of huge amounts of scattered information - routine in today’s retail and manufacturing businesses.
A global energy transition is underway, with lithium-ion as one of the leading energy storage technologies for both handheld technology and electric cars.
Outotec has been awarded a contract by MMC Norilsk Nickel for the delivery of minerals processing technology and related advisory services to Kola Mining and Metallurgical Company's concentrator plant in Zapolyarny, Pechenga District in Russia.