martes, 12 de diciembre de 2017

This is how much copper, nickel, cobalt an electric vehicle world needs

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Mining News Digest
Wednesday 13 December 2017
Home     Gold     Coal     Copper     Iron Ore     Oil Sands     Rare Earth     Silver     Uranium

Glencore's all in to supply surging demand for copper, nickel and cobalt from electric vehicle boom but CEO Ivan Glasenberg has "zero interest" in lithium.

The institution will stop all lending for oil and gas projects after 2019, with some exceptions.

China Three Gorges says this would be not only the largest but also the "most intelligent solar power project with the most advanced technology in the world."

AXA and three other French investment groups follow the World Bank's lead.

The RJC conducted a months-long sustainability audit.

Top zinc producer Glencore's total output to dip next year despite restarting its Australian mine.

Glencore's Toronto-listed Katanga Mining subsidiary set to produce nearly a third of world's cobalt, as prices of battery metal more than doubles.

A U.S. federal appeals court on Tuesday upheld a lower-court ruling keeping a ban on uranium mining around the Grand Canyon, but also upheld a separate decision allowing a uranium mine nearby to open.

Chilean mines will negotiate contracts with 32 unions next year, representing about three-quarters of the country's copper output, or about one-fifth of world production.

In face of rapidly changing world, gold investors appear to be focusing more on strength of the global economy and are becoming less sensitive to turmoil.

While "everyone knows there are great opportunities" for nickel in the EV sector, "prices are not there", according to Vale Chief Exec Fabio Schvartsman,

A sit-in by miners of ArcelorMittal's Kazakh unit widened to all of the firm's coal mines on Tuesday as hundreds of workers demanded a 100 percent wage rise.

Israel's markets regulator said bitcoin-based companies wouldn't be included in any indexes on Tel Aviv Stock Exchange but should not be banned in trade.

The company also confirmed its 2018 dividend policy would include a fixed dividend of $1bn and said it would reactivate idled capacity "when appropriate".

The New York Fed created a new inflation gauge. What does it mean for the gold market?

Gold Fields Ltd.'s unit in Ghana said it will dismiss 1,500 of its own staff as the company is hiring a contractor to operate its biggest mine in the nation.

Last year, TMK, controlled by businessman Dmitry Pumpyansky, sold 3.4 million tonnes of its steel pipes.

Glencore said on Tuesday its Katanga mine in the DRC produced its first copper cathodes on Monday as it restarts after output was suspended in 2015.

Glencore said on Tuesday it expected zinc output to fall slightly in 2018 to around 1.09 million tonnes versus 1.1 million tonnes this year.

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