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....
READ MORE
Adriatic Metals announced plans to initiate production at its Vares silver project in central Bosnia this November. This development marks the first new mine in Europe in over ten years. The project involves revitalizing a former silver mine that had remained dormant during the civil strife of the early 1990s. CEO Paul Cronin highlighted the...
READ MORE
London’s FTSE 100 soared over 2% led by mining giants Anglo-American, Rio Tinto, and Glencore, each gaining over 5% as commodity prices surged, notably iron ore and oil. The index closed at 7,673.08, marking its highest since July 31, with a 1.95% increase. Chris Beauchamp, chief market analyst at IG, noted the rally was spurred...
READ MORE
Finland’s battery industry plans to invest more than EUR 6 billion in the coming years, a new industry association reported. Akkuteollisuus ry – Finnish Battery Industries, a newly created body, expects thousands of new jobs in line with industry expansion, adding that turnover is expected to reach EUR 9 billion per year by 2027. The...
READ MORE
The Finnish company Sensmet has developed a technology called Micro-Discharge Optical Emission Spectroscopy (µDOES), which can measure multiple metals, including lithium and their impurities, in real time. The technology is based on atomic emission spectroscopy and creates a micro-discharge or electric spark directly inside an aqueous sample, causing a microscopic volume of the fluid surrounding...
READ MOREThe London Metal Exchange (LME) announced on 17 January that General Counsel and Head of Enforcement Tom Hine will step down from his role at the end of the month. In a statement, the exchange said that the LME Group legal management team temporarily assumed Hine’s responsibilities starting September 2022. Hine has been with the...
READ MORE
LKAB, a mining company based in Sweden, has identified significant deposits of rare earth elements in the Kiruna area, which are essential for the manufacture of electric vehicles and wind turbines. The company reports mineral resources exceeding one million tonnes of rare earth oxides, making it the largest known deposit of its kind in Europe....
READ MOREThe chair of the London Metal Exchange (LME), Gay Huey Evans CBE, announced that she will step down from her role in the wake of a nickel trading scandal that has shaken the exchange. The scandal, which was sparked by volatile prices in the nickel market in March due to the war in Ukraine, prompted...
READ MORE
EUR 588 million (USD 616.22 million) of capital expenditure has been earmarked for a lithium project in Finland. Who Diversified South African miner Sibanye-Stillwater is set to advance its Keliber lithium project in Finland, seeking a foothold in the European battery metals market. The company took control of Finnish battery chemicals maker Keliber in October...
READ MOREA major UK exchange has decided against banning Russian metal. Who The London Metal Exchange, after several weeks of deliberation, has published a paper outlining its reasoning for not banning Russian metal. The key points include the stipulation that the Exchange should refrain from making ethical judgements, the potential effects on participants in the market...
READ MORE
