Metals Markets
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Mountain Province sees ‘positive momentum’ in battered diamond market
Since resuming regular diamond tenders in September, Mountain Province Diamonds has seen prices for its goods start to rise. In fact, the diamond junior, which owns a 49% stake in the Gahcho Kué mine in the Northwest Territories, says…
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Nouveau Monde advances plans to make high-purity graphite products
As part of its plan to become a vertically integrated graphite company, Nouveau Monde has signed an agreement with a leading chemical company that will provide commercial operating space, site services and the supply of raw materials for the junior…
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David Rosenberg to present 2021 outlook at Global Mining Symposium in November
The Northern Miner is profoundly honoured to be joined by one of the world’s foremost and respected economists, David Rosenberg, at its third virtual event of 2020, the Global Mining Symposium, which will be held on Nov. 10 and Nov. 12.…
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Global copper production to increase in 2021 after two years of declines: ICSG
The International Copper Study Group (ICSG) has released its copper market forecast for 2020-21 and expects this year will mark the second consecutive year of decline in world copper mine production. After a drop of 0.2% in 2019, the ICSG…
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RANKED: Top 10 lowest cost copper mines
The all-in sustaining cost (AISC) metric has been widely used in the mining industry since 2013 for its comprehensive and transparent look at an operation’s costs. According to data from Miningintelligence, Lundin Mining’s Chapada mine was the clear winner among global copper…
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Commentary: Despite price rise, copper at historic low against gold
According to the popular adage, copper has a doctorate in economics, with an ability to predict turning points in the global economy. This proverb stems from the metal’s use in widespread applications, from power generation and electricity distribution to iPhones.…
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‘Investors are still on the sidelines’: John Hathaway says precious metals and mining stocks in ‘early days’ at GMS
Prominent gold commentator John Hathaway appeared on the second day of The Northern Miner’s Global Mining Symposium. In January, after 22 years at Tocqueville Asset Management, the veteran investment manager moved to Toronto-headquartered Sprott Asset Management (TSX: SII; NYSE: SII), where he…
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REPORT: Lithium demand growth to remain strong to 2030
UNITED KINGDOM – A report by Roskill states that, globally, lithium demand growth is forecast to remain strong at over 19.7% per year through to 2030. According to the market researcher, this demand is being driven by the manufacture of lithium-ion…
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GOLD: Pandemic drives prices to record levels in Q2
LONDON – As gold hit a new all-time high of US$1,941.90 per oz. on Monday, Refinitiv released its second-quarter review of the gold sector, providing insight into where the demand is coming from – and where it’s actually falling. The review shows…
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Sourcing cobalt remains a challenge for electric vehicle manufacturers
German luxury vehicle maker BMW signed a US$2.3 billion long-term deal earlier this month with Swedish battery maker Northvolt, the latest of such deals, as European carmakers try to compete with Tesla in the burgeoning electric vehicle (EV) market. Tesla’s…
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BATTERIES: Why LFP cathode material is making a comeback
A previously sidelined EV battery cathode material – LFP, composed of lithium iron and phosphate – has come to the forefront in 2020, thanks to its safety, low cost, and the simplified battery pack design that it allows, a white paper published…
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COMMODITIES: BofA forecasts metal price recovery post-COVID-19
UNITED STATES – Bank of America forecasts global copper consumption could contract by 18% year-over-year in 2020 should global GDP drop by an estimated 4.2% due to economic disruptions caused by the coronavirus pandemic. Although a decline in copper purchases of…
