BloombergNEF ups battery demand forecast
Battery metals prices have seen a strong recovery in the first half of 2021, and in its H1 Battery Metals Outlook report, which forecasts demand to 2030, BloombergNEF projects markets…
Asia
US markets rise, June 21-25
The Dow Jones Industrial Average jumped 3.37% to finish the week at 34,433.84 and the S&P 500 climbed 2.74% to 4,280.70. Spot gold increased by US$17.70 per oz., or 1%, to…
Canada’s Top Ten royalty and streaming companies
Royalty and streaming companies have grown in number and popularity over the years. Here are the top ten royalty and streaming companies headquartered in Canada ranked by market capitalisation as…
Chinese peak carbon by 2030 involves a major shift to renewables, says CRU
China’s journey to carbon neutrality will involve a major shift towards renewable energy, says a team of analysts at London-based business intelligence company CRU. China has pledged to achieve carbon…
US tariffs on Chinese permanent magnets counterproductive – report
The US Department of Commerce is set to evaluate whether or not imports of rare earth permanent magnets from China poses a national security threat, but imposing tariffs on products…
Jetti Resources’ technology could help unlock millions of tonnes of copper from tailings
A new technology by Jetti Resources that can be used to extract copper from mine waste could be a “game-changer” for the copper industry, says Mike Outwin, Jetti’s CEO and…
World’s third-largest pension fund to limit coal-linked investing
South Korea’s state pension fund, the world’s third-largest, says it will stop funding new coal power projects at home and abroad, joining global efforts to reduce carbon emissions and pursue…
Centerra sues former director over Kumtor mine expropriation
Centerra Gold (TSX: CG) has sued the new external manager of its Kumtor mine, which was seized by Kyrgyzstan last weekend, claiming that he conspired to steal the asset from the company…
Centerra Gold to launch arbitration against Kyrgyzstan over Kumtor mine
Centerra Gold (TSX: CG) has initiated binding arbitration against the government of the Kyrgyz Republic in a legal skirmish over the company’s Kumtor mine. In early May, lawmakers in Kyrgyzstan…
Kyrgyzstan to temporarily take over Centerra’s Kumtor mine
Lawmakers in Kyrgyzstan, home to major gold and copper mines, have passed a law allowing the state to temporarily seize Centerra Gold’s (TSX: CG) Kumtor mine, the largest gold operation in…
Magnet rare earth oxide market to increase fivefold by 2030 – report
A new report by Adamas Intelligence forecasts that the market for magnet rare earth oxides will increase fivefold by 2030 to US$15.65 billion from the current US$2.98 billion. Underpinning this…
Metals price rally could hamper switch to green energy — IEA
Soaring metals prices may be good for miners, but they risk the ongoing transition to clean energy as batteries, solar panels and wind turbines need considerable amounts of copper, nickel,…