16/12/2020 - 16:49. Agriculture, Energy Transition, LNG, Gas & Power, Shipping, Refined Products, Metals & Mining. Gain vital insights into the metals supply chain, commodity market and the latest mining developments. “Given South Africa’s transition to liberation during the early part of my career, I also had to deal with racial discrimination – being designated as a previously disadvantaged person in regulation was disadvantageous at times as there was the perception that my opportunities were “given” and not “earned”,” said former Vedanta executive Deshnee Naidoo. Forecasts are not carved in stone, of course, and are subject to revisions as market conditions change and new information emerges. We are based in Ufa – Siberia – which is 2 timezones east of Moscow, giving us a huge advantage in terms of the timeliness of delivery of information. Even today, 60 economies have at least one restriction on women working in mining, according to a 2020 World Bank report. The China market is typically unable to absorb higher iron ore pellet prices in the long term due to shifting value in use with steel margins, and alternatives, an international iron ore marketer said. Given the recovery in other steel markets, China’s finished steel exports are tipped to increase next year. Read the latest gold prices as well as short and long-term forecasts for other key metals. Quite simply, the iron ore industry cannot afford another Samarco, Brumadinho or Juukan Gorge. Cornish Lithium CEO Jeremy Wrathall told journalists on a phone call Lepidico had already invested A$27 million ($20 million) in the technology to be used over six or seven years. Platts spoke to 30 companies for the Outlook over Dec. 7-11, comprising Chinese mills, domestic and international traders and mining companies. Ukraine has reduced export of ferroalloys. The investment portfolio of the trust includes equity securities of metals and minerals mining and exploration issuers." Opinion 11 June 2020 The company said the technologies provided “an innovative and environmentally responsible metallurgical processing solution”, with work so far indicating the potential to produce battery-grade lithium in Cornwall without the need for further refining, making it a complete on-site solution. The process at Trelavour could also allow production of caesium and rubidium, which were on the US critical materials list, and could be used in the 5G network and other areas, he said. Members of the Candelaria AOS union voted to accept the latest offer from management on November 19, ending a […] S&P Global Platts Asian Steel Markets Editor Ashima Tyagi discusses these issues and more with Head of APAC Metal Insights Paul Bartholomew. “The UK is now the poster child for environmental sustainability, and critical to that is having access to the raw mat such as lithium for the batteries that will allow our transition to an electric, renewable future,” Wrathall said. The SAM CSA, managed by S&P Global, is an annual evaluation of companies’ sustainability practices and focuses on criteria that are financially material, applying 61 industry-specific approaches and asking companies on average 100 detailed questions. Commodity news in metals, mining and supply & demand. The party was over! London — Iron ore prices have risen to unsustainable levels supported by stronger futures pricing, according to steel mills who are enjoying high spot steel prices as they recover output from earlier this year. Even with higher steel prices, the potential for margins to support iron ore prices and higher pellet premiums could be limited, a steel group executive said Dec. 14. It includes questions on workforce diversity and gender pay gap. Even the most sophisticated “all-singing, all dancing” supply-demand model cannot account for a myriad of imponderables. Kitco Commentaries | Opinions, Ideas and Markets Talk. The most-recent ETF launched in the Metals & Mining space was the Amplify Lithium & Battery Technology ETF BATT in 06/06/18. Metals turn into insulators using a new quantum switch. Latest articles by Julian. But one would have to think some new capacity will be built—especially as the lion’s share is being funded by Chinese companies, which could potentially benefit from Belt & Road Initiative borrowing terms. Defense Metals Corp. is a mineral exploration company focused on the acquisition of mineral deposits containing metals and elements commonly used in … Instead, things took off again in 2016, helped by some capacity reduction and a property construction boom. While quotas seem to have limited appeal, a number of the interviewees talked about the importance of measurable targets and comprehensive training, including in unconscious bias awareness. RF reduced gold production in January-September by 0.6% - Union of Gold Producers. The technologies will allow for the development of low-carbon extraction of lithium from zinnwaldite and polylithionite mica ores in the St Austell region. As steel output recovers from weaker rates in the second quarter, and China reduces steel and metallics imports and reassumes net export steel trade, spot steel prices may start to fall back, a steel mill source said. Cornish Lithium said Dec. 7 the tests were carried out using fellow lithium explorer Lepidico’s proprietary technology on samples obtained during a hard rock drilling program this […]. Most of the mooted new projects will probably get no further than the drawing board. Mining & Metals Investment News: Metals headlines & expert mining blogs from hundreds of sites; Unique to Metals News: CEO, Expert & Company articles. Why Metals and Mining Stocks Aren't Joining Today's Rally ... With the news on the presidential election more universally accepted, and the equity … Iron ore futures have seen higher relative pricing to physical indexes in recent days. As well as the many highlights discussed in the interviews, a number of the world’s biggest metals and mining companies have publically set themselves hard targets to improve their gender balance. Santiago, Chile — Lundin Mining is assessing the feasibility of a restart of operations at its Candelaria copper mine in northern Chile after workers voted to end a month-long strike at the operation, the company said. Australian and Brazilian expansions, accompanied by millions of new tons from Africa, will swamp the market; scrap will increasingly displace iron ore; and prices will return to their historically low levels.”. john@conventus.se, International news within the industry of mining and metal, Dec, 18 2020, Norway ready to increase production of vanadium and phosphates in years to come, Russian coal producers ready to withdraw Australian rivals from China, Finland may become a new center of gold production in Europe, Global diamond producers hope for recovery of market in 2021, Metso Outotec to modernize Norilsk Nickel’s smelting line in Russia. Granted, there is always a crystal ball element to price forecasting. The investment objective of the company is to provide long-term capital appreciation and monthly cash distributions. Kitco News' contributed commentary features articles and opinions from some of the top experts in the gold industry. But the consensus continues to be that iron ore prices will fall markedly in coming years. 2020 News Releases. Hundreds of affiliate Metals Sites that focus on precious metals, base metals, rare earth metals, steels and more. The iron ore forward market has always been in backwardation, below spot physical prices. Mining for Gold and Other Metals in 2021 and Beyond December 7, 2020 At the end of any year and certainly this one, the lucrative gold mine investment goes on the gift list. Further, the iron ore hubs of Australia and Brazil happen to be located in regions that suffer cyclones and heavy rains every year. Metals & Mining The latest in metals & mining industry news from MarketWatch. SASKATOON, SK – December 10, 2020 – Omineca Mining and Metals Ltd. (TSXV: OMM) ("Omineca" or the "Company"), announces that it has commenced dewatering and decline rehabilitation activities at the Company’s underground placer gold project at Wingdam in the Cariboo Mining District of south-central British Columbia. Manufacturing has recovered strongly in recent months and global supply chains have been restored, helping China’s exports to resume. METALS AND MINING TOP NEWS. Some 62% of participants said iron ore prices would remain above $120/mt CFR China in Q1, with a further 26% seeing them in the $110-$120/mt range. Most of the leaders interviewed expressed optimism for the metals and mining industries, however, pointing to concrete changes that are taking place to encourage greater diversity in general. But in the case of key steelmaking raw material iron ore, analysts, consultants and industry experts, and often market players themselves, have consistently got the price outlook wrong—typically on the low side. Bumper profits incentivized Chinese mills to build new capacity and lift output. Based on both actively participating companies and publically available information, in 2019 only 40 out of 88 companies in the sector had a board diversity policy that included gender factors.*. Steel mills could reduce iron ore pellet demand in the first quarter in response to higher prices and premiums, especially where they can use more lump, or opt to use more sinter, market sources said. Over time, the region could pick up any fall in demand for iron ore from China, Japan and South Korea. In the last four years, it has managed to raise the overall proportion from 17.6% to 24.5%. Britain's last tin mine could reopen as tech companies chase ethical metals. India’s Tata Steel aims to have 25% women in its workforce by 2025, compared with 17% currently, according to its latest annual report. As such, housing sector growth is expected to be flatter in 2021. Bill Matlack Tuesday December 15, 2020 15:25. The company already has over 50% female representation on its board of directors. The controversial Pebble project in southwest Alaska may turn out to be not just a... Blockchain can trace carbon emissions for mining, metals companies, Chinese investors ready to invest US$ in gold mining in Tajikistan, Estonia may resume phosphorites mining next year, Global prices for iron ore hit seven-year high amid ongoing construction boom in China, Russia plans to accelerate mining activities in African region. Many were skeptical (including this author) when Rio Tinto and BHP routinely trotted out the view a few years back that China would produce 1 billion mt of crude steel by 2025-2030. I was told that the canary could go underground, but I wasn’t allowed to because that was bad luck,” said Melinda Moore, finance director and head of global outreach at Women in Mining, a voluntary organization that works to advance women’s representation in the sector. 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