Infomine

By Frik Els The price of cobalt is down 7% since hitting near 10-year peaks in March to exchange hands for $89,000 a tonne this week. Cobalt is still up nearly fourfold since hitting multi-year lows at the beginning of 2016 as worries about supply of the battery raw material combine with expectations of booming […]

By Frik Els The nickel price is on a tear supported by environmental production cuts across top producer China, plunging inventories and strong steel prices. The most-traded nickel contract on the Shanghai Futures Exchange is set for a weekly gain of 5.6%, while open-interest – a measure of market participation – sits near record levels.

By Frik Els Shares in Chilean lithium producer SQM (NYSE:SQM) trading in New York in the form of ADRs declined more than 3% on Friday dropping the market value of the company to $14 billion following the auction of a large block of shares. Canadian fertilizer company Nutrien auctioned its remaining stake SQM for nearly

By Michael Allan McCrae The next generation of copper mines will not only have less copper but sharply declining grades, according to a study by Mining Intelligence. Operating mines currently have an average grade of 0.53% while copper projects under development have an average grade of 0.39%. The estimated total resource of copper projects in

By Cecilia Jamasmie Shares in Canada’s Erdene Resource (TSX:ERD), one of the very few companies that has successfully navigated Mongolia’s ever-changing policies on foreign mining investment, were off to the races on Thursday after the miner announced it had received approval for a secondary listing on the Mongolian Stock Exchange (MSE). The Halifax, Nova Scotia-based

By Cecilia Jamasmie Canada-listed Fura Gems (TSX-V:FUR), a new gemstone mining and marketing company headed by the former COO of Gemfields (LON:GEM), is changing its brand identity, including logo, tagline and social media. The company, which began operations a year ago, said the move seeks to strengthen its communication with key stake holders and consumers.

By Cecilia Jamasmie The number of electric vehicles (EVs) on roads worldwide is set to more than triple by the end of the decade, growing to 13 million from 3.7 million last year, the International Energy Agency (IEA) said Wednesday. According to Paris-based institution, the total amount of electric cars, including battery-electric, plug-in hybrid electric

By Cecilia Jamasmie Mountain Province Diamonds (TSX, NASDAQ: MPVD) said Wednesday it had found a 95-carat gem diamond at its Gahcho Kué mine located in Canada’s Northwest Territories. The white octahedron of “top clarity” is the largest gem quality diamond and fourth largest stone ever recovered from the mine, the company said. Gahcho Kué, Canada’s

By Frik Els Increased demand for battery materials used in electric vehicles and energy storage is what’s supposed to reignite interest in the mining sector now that the China-induced supercycle in commodities demand are levelling off. Prices for lithium and cobalt have soared. Graphite and rare earth prices are making a comeback. Nickel, where EV-related

By Cecilia Jamasmie Australia’s Avanco Resources (ASX: AVB) said Tuesday it had suspended plant operations and most mining activities at its Antas copper-gold asset in Brazil, as a result of a crippling nine-day strike that has led to major shortages and disruptions in Latin America’s largest nation. The company had warned last week that operations