Putin urges Russia to boost coal, energy exports

MINEX Forum | August 30, 2018
img0 President Vladimir Putin said on Monday that Russian energy companies should expand their export infrastructure and seek new markets for their products, including coal, with China seen as particularly important. Speaking at a meeting with government officials and top managers of energy companies, Putin also said rivalry on global energy markets has heated up. “The ...

Cobalt prices stabilising – ERG

MINEX Forum | August 17, 2018
img0 The recent price adjustment in the cobalt market represents a logical and short-term correction to the heightened speculative activity earlier this year, says Eurasian Resources Group (ERG) CEO Benedikt Sobotka. Cobalt metal prices jumped in excess of 120% between 2016 and 2017, a sign of strong underlying fundamentals. But the first quarter of this year ...

Battery metal deals still sparking – EY

MINEX Forum | August 9, 2018
img0 The battery metals sector appears to be somewhat isolated from the recent slow-down in global mining and metals transactions, advisory firm Ernst & Young (EY) said. EY earlier reported that global merger and acquisition (M&A) transaction values in the mining and metals sector fell by 9.5% year-on-year in the second quarter of 2018, and while ...

Battery chemical surplus sparks plunge in cobalt price

MINEX Forum | August 1, 2018
img0   A surplus of cobalt chemicals used to make the rechargeable batteries that power electric vehicles has seen Chinese refiners switch to producing metal, sending prices down 30 percent in recent months. The electric-vehicle revolution is expected to boost demand and prices for cobalt, which stabilises and extends the life of lithium-ion rechargeable batteries. However, ...

Platinum price plunges to 14-year low

MINEX Forum | July 3, 2018
img0 Platinum price plunges to 14-year low The price of platinum plunged more than 5% to touch $811.10 an ounce on New York futures markets on Monday, the lowest since July 2004. Platinum is also trading not far off a record discount to sister metal palladium which was pegged at $938 an ounce, and to gold ...