Plummeting platinum group prices could worsen shortage
Mining News Pro - The price of platinum group metals (PGM) has fallen by 42% this year and could widen a supply deficit if unprofitable mines are sidelined, according to a new report by an industry group.
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Visit: 86
McKinsey adds to warnings of clean energy metals shortages
Mining News Pro - McKinsey & Co. joined the growing chorus warning that metals considered key to the clean-energy transition face shortages in coming years, potentially suppressing the adoption of electric cars, wind turbines and solar panels.
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Visit: 240
Lithium shortages could hand salt a starring role in EV shift
Mining News Pro - Carmakers who faced skyrocketing prices for lithium and other battery metals last year could increasingly adopt sodium-based cells in the future, helping to alleviate strains on raw materials as sales of electric vehicles surge, according to BloombergNEF.
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Visit: 106
Hefty shortages to help buoy aluminum prices this year
Mining News Pro - Supply disruptions in China due to problems with hydropower mean hefty shortages of aluminum this year, which are likely to offset slow demand growth and help bolster prices.
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Visit: 254
HOSCO: our only concern is energy shortage
Mining News Pro - Chief executive of Hormozgan Steel Company told the parliament members and officials of the province that the company has some huge ongoing projects.
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Visit: 184
Shortage of metals for EVs is rising up the agenda in automakers’ C-suites
Mining News Pro - The merry-go-round of private meetings at an annual mining industry conference at Florida’s Hollywood Beach had a cast of new faces this year: auto sector executives increasingly anxious about surging prices and tighter supply of metals used in electric vehicle batteries.
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Visit: 173
Aluminum stocks jump as traders eye shift from shortage to glut
Mining News Pro - A jump in London Metal Exchange aluminum inventories is adding to mounting evidence of weakening demand for one of the world’s most important industrial metals, while some key buyers are trying to shun Russian supplies.
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Visit: 491
Green economy may lead to sulfur shortages
Mining News Pro - A projected shortage of sulfuric acid could stifle green technology advancement and threaten global food security, according to a paper published in The Geographical Journal.
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Visit: 521
Copper Shortage Could Make Problem for the Energy Transition
Mining News Pro - Copper is key to electric vehicles, wind and solar power, as well as the infrastructure that transports and stores renewable energy.
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Visit: 422
De Beers rises small diamonds price amid shortage
Mining News Pro - De Beers, the world’s top diamond producer by value, has once again increased the price of its smaller stones as sanctions on Alrosa (MCX: ALRS), its Russian rival, have worsened a global shortage caused by two years of covid-related shutdowns.
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Visit: 911
BHP vows to stay out of lithium rush with shortages set to fade
Mining News Pro - Among elevated metal prices, lithium stands out, as booming electric-vehicle sales send the battery component skyrocketing. Conspicuously, the world’s biggest mining company has no plans to join the rush.
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Visit: 487
Indian aluminium producer NALCO faces coal scarcity due to train shortage
Mining News Pro - Indian state-run aluminium producer National Aluminium Co Ltd (NALCO) is facing a coal supply shortfall, due to supplies being diverted to priority electricity generation and a shortage of trains to deliver fuel to NALCO’s power plants.
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Visit: 678
Aluminum shortages to deter blanket sanctions on Rusal
Mining News Pro - The United States and European Union countries are unlikely to impose blanket sanctions on Rusal if Russia invades Ukraine as that would exacerbate aluminium shortages, propel prices to new records and damage manufacturing, analysts say.
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Visit: 566
Fresnillo cuts production targets on Omicron labour shortage
Mining News Pro - Shares in Fresnillo fell more than 14% on Wednesday after the Mexico-focused miner cut its silver production forecast for 2022, saying that labour absences fuelled by the Omicron variant were expected to have a greater impact in the earlier part of the year than anticipated.
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Visit: 360
Iron ore price jumps as Fortescue, BHP and Rio Tinto face labour shortage
Mining News Pro - The iron ore price jumped on Tuesday after Fortescue raised concerns over a labour shortage in Australia because of covid-19 curbs, which could hamper output and shipments.
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Visit: 381
Fortescue reports rise in shipments but flags labour shortage
Mining News Pro - Australian iron ore miner Fortescue Metals Group on Tuesday posted a 2% rise in second-quarter shipments, but flagged pressures from strong demand for labour and resources, as well as supply chain constraints due to the pandemic.
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Visit: 375
Australia sees energy shortages driving record resource export earnings
Mining News Pro - Australia has raised its outlook for mining and energy export earnings to a record A$379 billion ($272 billion) for the current fiscal year as coal and gas shortages in China and Europe pump up prices, the government said on Monday.
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Visit: 437
A new commodity squeeze could soon rival lumber’s recent historic shortage
Mining News Pro - Tin is in the grips of one of the longest-running squeezes ever seen in commodities markets, and there’s little sign of it letting up.
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Visit: 563
Platinum-group prices are being hammered by the chip shortage
Mining News Pro - The shortage of semiconductors is clobbering the price of platinum-group metals as investors brace for a long-lasting hit to car production.
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Visit: 554
Timber workers can fill mining skills shortage: AMEC
Mining News Pro - Forestry and timber industry workers could be used to fill positions in the Western Australian mining sector under a proposal by the Association of Mining and Exploration Companies (AMEC).
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Visit: 443
Komatsu training facility fights WA skills shortage
Mining News Pro - Komatsu has revealed plans to build a $6 million training facility in Perth, with completion scheduled before mid-2022 to help alleviate Western Australia’s skills shortage.
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Visit: 477
Local workers key to skills shortage, survey says
Mining News Pro - The best solution to the resources sector’s skills shortage is to back Australian workers for mining jobs, according to a Mining People International survey.
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Visit: 798
Albemarle hit by labour shortage at Kemerton
Albemarle has delayed the second stage of its Kemerton lithium processing plant until early 2022 following labour shortages in Western Australia.
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Visit: 449
Miners work toward skills shortage solution
Mining News Pro - Roy Hill has suggested filling vacant mining roles with out-of-work airline pilots to combat the resource sector’s growing skills shortage.
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Visit: 620
New records for MinRes despite labour shortage
Mining News Pro - Mineral Resources (MinRes) has lamented hard border closures in Western Australia that caused labour shortages for the company and affected its ability to freight iron ore.
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Visit: 695