See full Global Zinc Market Infographic here Zinc prices have been on a downward trend since January, following the sharp rises seen in 2022. This trend is not encouraging for zinc producers in Europe, who are already struggling with high electricity costs. In other regions of the world, the situation is different, but also ambiguous. In the depths of Spain...
Ural Construction Union is about to launch a copper ore mining project in Kazakhstan. This is another boom in the creation of small companies in Kazakhstan to develop smaller deposits of the red metal. And this is not the first in the non-ferrous metallurgy of Russia’s neighbour. Western players The pioneer of Kazakhstan’s small-scale non-ferrous metallurgy is the British company...
A technological revolution is underway in the segment of the mining industry that is closely linked to metallurgy — working methods that have remained unchanged for decades and centuries are giving way to new ones. Before our very eyes, robots are becoming human assistants and polluting industries are being transformed into clean ones. A number of trends are changing the...
The Ural Mining and Metallurgical Company (UMMC) has been added to the US Treasury Department’s sanctions list, posing challenges for the major copper producer in Russia. Despite the expectation of such sanctions, the move came as bad news for the company. UMMC is among Russia’s top three copper producers, estimated to produce around 450,000 to 470,000 tons of copper annually,...
The Russian state corporation Rosatom has made a splash in Latin America: its subsidiary Uranium One has signed a framework agreement with Yacimientos de Litio Bolivianos to establish a complex for mining lithium salts and processing them into lithium carbonate in Bolivia. Rosatom’s attention to lithium is not accidental and implies far-reaching goals. The salt lakes richness Under the terms...
Every year in June, Russia traditionally hosts the St. Petersburg International Economic Forum (SPIEF). This year was no exception: despite the sanctions against Russia, the forum took place and was attended by a large number of delegates from all of its regions. It discussed not only the prospects of Russia’s economic development, but also concluded agreements on the implementation of...
The situation in South Korea is interesting: South Korean battery manufacturers could be facing a shortage of copper. Specifically, there could be a shortage of foil made from the red metal as a result of its limited supply on the global market. Not surprisingly, copper foil is essential for the anodes of lithium-ion batteries used in electric cars, smartphones and...
The London Metal Exchange (LME) and Qianhai Mercantile Exchange (OME) are jointly developing three new contracts. One will be for lithium carbonate, one for nickel sulphate and one for cobalt. They will be traded on OME, and transactions will be made in renminbi. And there are some interesting points here. The choice of lithium carbonate, nickel sulphate and cobalt as...
The world platinum market is expected to swing to a big deficit this year, close to 1 million troy ounces. Here is why this is happening and what implications this may have for the sister metal palladium. World Platinum Investment Council forecasts a platinum deficit of 983,000 troy ounces this year, according to the latest report of the global research...
Investment fund Apollo Global Management (“Apollo”) is to acquire US semi-finished aluminium goods producer Arconic for $5.2bn. After BHP Group’s recent $6.6 billion acquisition of OZ Minerals, the deal could be the second largest in the world’s non-ferrous metals industry this year. There is nothing unusual about it in principle: Apollo has been acquiring shares in promising companies since its...
