By Simone Liedtke | Mining Weekly Financial risk management, solutions and insights company Fitch Solutions Country Risk and Industry Research (Fitch Solutions) expects the demand for key battery metals to rise in the coming year as renewable energy and technology adoption continue to pick up pace. The acceleration to a low-carbon economy in 2021 will bolster electric […]
Reporting by MacDonald Dzirutwe; Editing by Alexander Smith | Reuters HARARE (Reuters) – Zimbabwean mining firms want to retain all of their export earnings in foreign currencies, saying they are disadvantaged by having a proportion paid to them in Zimbabwe dollars. President Emmerson Mnangagwa’s government is pinning its hopes on the mining sector, which generates […]
For as long as commodities have been traded, there has been commodity fraud. This is an ancient problem affecting the both the physical and financial markets. Even with controls and regulations, the financial commodity markets still face cases of fraud, spoofing of markets and other calamities caused by dishonest trading practices. The physical commodity markets […]
Most of the world’s top companies extracting key minerals for electric vehicles, solar panels and wind turbines have been linked with human rights abuses in their mines, research has found. Analysis published by the Business & Human Rights Resource Centre (BHRRC), an international corporate watchdog, revealed that 87% of the 23 largest companies mining cobalt, […]
An ongoing avalanche of lithium supply, coming mostly from Australia, as well as cuts to China’s electric-vehicles (EVs) subsidies, is set to keep prices for the coveted battery metal in the single digits for longer than expected, analysts at commodity research group CRU warn. Prices for lithium carbonate, the most common type used in the […]
By David Stringer | Bloomberg The world’s biggest miners, including BHP Group and Glencore Plc, are finally firm believers in the electric vehicle battery revolution — what they don’t agree on is which metals will deliver the best long-term exposure to the developing global market. BHP has revived a declining nickel unit in Western Australia to target the sector, […]
The U.S. government, through its Agency for International Development (USAID)has awarded a new funded mine site validation project in North and South Kivu. The $3.7 million USAID-funded Sustainable Mine Site Validation (SMSV) project, implemented by Pact, will help counter illegal activities such as child labor, violence and other human abuses. The validation process verifies that no […]
By Benjamin Webb & Duncan Murray | CCEX As humanity marches headlong into the future, our insatiable appetite for technology is advancing at an ever increasing and unsustainable pace. Vast amounts of raw materials are needed to produce the technology we crave to make our modern lifestyles possible. No matter how much we reduce, reuse […]
By Victor Bhoroma | Zimbabwe Independent ZIMBABWE racked in US$3,2 billion from mineral exports in 2018, a figure which represents 76% of the country’s official total export earnings. This year the government has set the target at US$4,2 billion, which if attained would mean adding a billion worth of export earnings. Gold (with US$1,1 billion […]
BY: MARTIN CREAMER | Mining Weekly Manganese could make its mark in the battery electric vehicle (EV) arena by displacing cobalt to a large extent in many of the cathode formulations, where the bulk of battery metals are used. The Junior Indaba heard on Wednesday that manganese, which South Africa hosts in abundance, is in a race with nickel, cobalt […]