Odds ‘n’ Sods: Local justice in Bulgaria
By the start of 1995, I’d been working as an exploration geologist for Rio Tinto in Turkey for about 18 months. I was unhappy with the terms of my employment…
Europe
Sanctioned Russian nickel could slow global EV adoption, report
Sanctioning Russian nickel will slow the adoption of electric vehicles (EVs) and hinder the decarbonization of Western economies, according to a new report from GlobalData. The result, such actions will…
Rio Tinto cuts ties with Russian businesses over Ukraine war
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) has become the first major mining company to announce it was cutting all ties with Russian businesses, joining a massive exodus of…
De Beers latest sale shows demand remains strong
De Beers, the world’s top diamond producer by value, saw sales jump by 18% in the second cycle of 2022 compared to the same period last year, attesting to the…
Alba Minerals, GreenRoc Mining up on initial Amitsoq graphite resource
The London-listed equities of Alba Minerals (LSE: ALBA) and GreenRoc Mining (AIM: GROC) rose on Tuesday following a maiden graphite resource for the Greenland-based Amitsoq project. GreenRoc has compiled a…
Russia’s Ukraine invasion to fuel reorientation of commodity markets: BMO
Russia’s invasion of Ukraine, already pushing up prices for an array of commodities rapidly higher since it began on Feb. 24 – including adding a record 250% to the price…
LME cancels nickel trading after price soars past US$100,000 a tonne
The London Metal Exchange (LME) cancelled nickel trading on Tuesday after a first-time 250% price spike triggered by Western sanctions against major producer Russia, which left brokers struggling to pay…
In charts: EV metal demand accelerates in the second half of 2021
A 62% jump in passenger electric vehicles (EVs) registrations in the second half of 2021 to 5.84 million units continues to drive an intensifying demand in the battery metals sector,…
How much could battery recycling actually aid cobalt, lithium supply shortages?
A recent report by IDTechEx estimates that less than 8% of the global cobalt demand and 6% of the lithium demand will be supplied by recycled Li-ion batteries by 2030….
Russia-Ukraine tension may give rise to a new commodity world order
The Russian invasion of Ukraine has the potential to establish a new commodity world order that tilts reliable supply toward North America, Bloomberg Intelligence says in a research note. Analyst…
New Agnico Eagle positioned for growth, says chairman Sean Boyd
A little more than two weeks following the closure of the $10 billion merger of Agnico Eagle Mines (TSX: AEM; NYSE: AEM) and Kirkland Lake Gold, Agnico’s new CEO Tony…
Strong diamond demand boosts Lucara revenue, Petra sales
Petra Diamonds (LSE: PDL) and Lucara Diamond (TSX: LUC) added evidence today that the global market has returned to pre-pandemic levels after posting a sharp increase in sales and revenue…