India factory closures weigh on De Beers diamond revenues
Anglo American‘s (LON: AAL) diamonds unit De Beers has reported another decline in sales revenue for the ninth sales cycle this year, as cutting factory closures in India weighed on…
Metals and Minerals Markets
PYX Resources dual lists in London as zircon supply crunch intensifies
Australia-based PYX Resources (NSX: PYX; LSE: PYX) has taken up a secondary listing on the London Stock Exchange to give more investors access to the zircon market while providing the…
Robust metals price outlook softens in 2022 – reports
The global metals and mining industry outlook has changed from ‘positive’ to ‘stable’ with a new Moody’s Investors Service report finding that despite most metals prices exceeding historical marks, that…
Pilbara Minerals shares hit another high on first lithium sales
Pilbara Minerals (ASX: PLS) has reported the results of its first lithium spodumene concentrate auction held via its Battery Material Exchange, demonstrating strong demand for spot spodumene concentrates. The product…
Bluejay Mining to sell projects in Finland for $7m
It has agreed to sell its Paltamo and Rautavaara nickel, zinc, copper and cobalt projects to battery metals miner Metals One.
KPMG report shows industry optimism around ‘green’ metals, but flags ESG risks
As the world transitions to clean energy, rising demand for “green” metals is contributing to renewed optimism in the growth prospects for Canada’s mining industry, according to a KPMG in…
Aluminium premia spike on planned Russian export tax
Russia has proposed introducing an export duty on aluminum as part of new measures to curb creeping inflation, sending regional premia in crucial European markets soaring, a new analysis by…
Nordgold seeks listing in Moscow and London
Russian gold producer Nordgold is planning an initial public offering (IPO) of at least 25% of its existing shares in London, with a secondary listing in Moscow, as it seeks…
CME starts trading lithium futures to tap EV demand
Commodities exchange operator CME Group launched on Monday a futures contract for lithium, seeking to capitalize on growing demand for the key ingredient in the batteries that power electric vehicles…
Report looks at recycling battery metals to meet rising demand
A new report suggests that recycled metals could meet a significant part of the rising demand from electric vehicles (EVs), decreasing some of the need for new mine supply. The…
Congo launches state-owned cobalt miner
The Democratic Republic of the Congo (DRC) has officially begun operations at Entreprise Générale du Cobalt (EGC), a state-owned company with monopoly rights to the purchase and sale of the…
China continues dominance of rare earths markets to 2030, says Roskill
The single largest use of rare earths is in the manufacture of permanent magnets used in wind turbines, the drive train of hybrid and electric vehicles, and energy-efficient applications, and…