South African labour union ends ArcelorMittal strike after signing wage deal

Mining News Pro - South Africa’s largest metal workers union on Wednesday said it had signed a wage deal with ArcelorMittal South Africa Ltd, ending a two-week strike over a pay dispute.

China’s economic slowdown woes dent benchmark iron ore price

Mining News Pro - The iron ore price retreated on Thursday as Chinese downstream demand remained muted, while investors fretted over cues that the world’s second-largest economy is contracting in the second quarter amid covid-fuelled chaos.

Sigma Lithium says Brazil project is worth $5.1 billion

Mining News Pro - Canadian minerals explorer Sigma Lithium Corp. has valued its undeveloped project in Brazil at $5.1 billion, with the mining operations having the potential to deliver battery-grade lithium for 13 years once it’s built.

Commodities in ‘perfect storm’ says ERG, as crisis starts super cycle

Mining News Pro - Years of under-investment in mining of metals essential to energy transition, supply shocks and high energy prices will continue to drive commodity prices higher, Eurasian Resources Group (ERG) Chief Executive Benedikt Sobotka said on Wednesday.

The trouble with lithium

Mining News Pro - Elon Musk wants to mine it, China is scouring Tibet for it, battery makers are crying out for it. Lithium, the wonder metal at the heart of the global shift to electric cars, is in a full-blown crisis. Demand has outstripped supply, pushing prices up almost 500% in a year and hindering the world’s most successful effort yet to halt global warming.

Cleaner gold extraction technology goes global

Mining News Pro - A technology that enhances the extraction process of a number of metals and that was developed by scientists at Australia’s Curtin University made it to the global market after the sale of the researchers’ industry partners Mining and Process Solutions (MPS).

Four of eight missing miners found dead in Burkina Faso

Mining News Pro - The dead bodies of four out of eight missing miners have been found at a zinc mine owned by Trevali Mining Corp in Burkina Faso which flooded on April 16, the government said on Wednesday.

Copper market needs more than China’s covid stimulus measures

Mining News Pro - Copper prices in China have barely budged since the central bank cut interest rates and the government announced 33 measures to rescue the economy from the clutches of its Covid Zero policy.

Court ruling allows Hudbay Minerals to move Copper World project forward in Arizona

Mining News Pro - Canada’s Hudbay Mineral has scored a small but key win in the United States after an Arizona judge ruled in favour of the company’s planned Copper World mine.

Mopani plans to resume cobalt production as prices rise

Mining News Pro - Zambia’s Mopani Copper Mines (MCM) plans to resume cobalt production that was halted more than a decade ago after international prices collapsed, an executive at state-owned ZCCM-IH said on Tuesday.

Albemarle boosts outlook with battery demand surging

Mining News Pro - Albemarle Corp., the world’s largest producer of lithium, raised its outlook for the second time this month as tight supply and growing electric-vehicle demand forces battery makers to pay up for the metal.

Europe’s aluminum output slides as energy crunch bites

Mining News Pro - Europe’s primary aluminum smelters are continuing to curtail production in the face of soaring energy costs.

Hunt for lithium sparks frantic rush into Argentine mountains

Mining News Pro - At a lavish lunch this month in Buenos Aires, 400 mining executives and government officials gathered to toast Argentina’s natural resource riches amid the kind of corporate giddiness not seen since the country’s first attempt to develop its shale oil resources a decade ago.

Peru community sees ‘progress’ in resolving Las Bambas mine standoff

Mining News Pro - The leader of a Peruvian indigenous community, whose protest led MMG’s Las Bambas copper mine to suspend operations over a month ago, said on Tuesday that “progress” has been made toward a solution to the crisis.

Glencore charged with bribery in London, pleads guilty in the US

Mining News Pro - Mining and commodities trader Glencore (LON: GLEN) has settled probes into bribery and market manipulation in the UK and US, which have loomed over the company for years.

Chile aims to outline state lithium firm model this year, minister says

Mining News Pro - Chile’s government, which has pledged to establish a state lithium firm to develop the ultralight battery metal, hopes to establish a model for the company by the end of the year, mining minister Marcela Hernando told local paper La Tercera on Sunday.

Americas’oldest mine now identified

Mining News Pro - Recent archaeological excavations have confirmed that an ancient mine in eastern Wyoming was used by humans to produce red ocher beginning nearly 13,000 years ago.

Nornickel cuts estimate of 2022 global palladium deficit

Mining News Pro - Russia’s Nornickel on Monday cut its estimate for the global palladium market deficit in 2022 to 100,000 troy ounces due to lower demand from the car industry amid the Ukraine crisis and a slow recovery of the chip market from shortage.

Legendary lithium riches from Bolivia’s salt flats may still just be a mirage

Mining News Pro - On Bolivia’s Salar de Uyuni, a vast white salt flat that feels almost otherworldly, Karina Quispe is watching from the sidelines a global resource race for the world’s largest – and almost untapped – trove of battery metal lithium.

Mine auction draws 3,448 bids amid scramble for lithium

Mining News Pro - An auction for a controlling stake in a Chinese lithium mine has garnered 3,448 bids, underscoring the scramble to secure the battery metal that’s key to the clean-energy transition.

Peru president replaces mining minister as crisis escalates

Mining News Pro - Peru President Pedro Castillo replaced four ministers amid a mining and fertilizer crisis and after lawmakers presented motions to censure some members of the cabinet.

Chinese, Australian investors battle for largest lithium deposit

Mining News Pro - Australia’s AVZ Minerals Ltd. is battling to retain control of what is potentially the world’s largest untapped lithium deposit amid ownership claims from Chinese investors, according to Boatman Capital.

In Chile’s Atacama, lithium mining stirs fight over flamingos

Mining News Pro - On the white plains of Chile’s lithium-rich Atacama desert, bright pink flamingos enliven the sprawling salt flats where sporadic blue pools provide much needed hydration.

SQM profit soars on high lithium prices

Mining News Pro - Chilean miner SQM, a major producer of lithium, on Wednesday reported a near twelve-fold rise in quarterly profit as it benefited from higher prices of the metal used in electric-vehicle batteries.

Chinese lockdowns dragging aluminum prices down, no respite before H2

Mining News Pro - In its latest industry report, market analyst Fitch Solutions maintains its 2022 and 2023 aluminium price forecasts of $3,000/tonne and $2,800/tonne, after impressive rallies in Q122, but notes strong downside risks as strict Chinese lockdowns pose a strong threat to demand for the metal in 2022.

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