Copper price soars to 3-month high

MINEX Forum | June 6, 2018
img0 Copper jumped 3.7% in New York on Tuesday to trade at $3.25 a pound ($7,165 a tonne), the highest since end-February, as worries about supply disruptions in key producing region resurface. Workers at the Escondida copper mine in Chile put down quite a marker in the third round of contract negotiations with part-owner and operator ...

Jet engines help power cobalt to 10-year highs

MINEX Forum | May 25, 2018
img0 The spotlight in the cobalt market has been fixed on electric vehicles but shrinking supply and robust demand from traditional sectors such as jet engine makers are helping fuel a price rally that shows no signs of fading. Cobalt in recent years has become synonymous with electric vehicles as it is used in rechargeable lithium-ion ...

Cobalt bulls advised to buy on dips

MINEX Forum | May 21, 2018
img0 Analysts at Citi Research are optimistic on the outlook for cobalt. In a commodities outlook report dated May 14, 2018, Citi Research said Cobalt prices are set to rise by a further 20% over the next two years on the back of a sustained deficit market and anticipated stock building on the back of high ...

Metals and mining mega-trends to 2050

MINEX Forum | April 11, 2018
img0 BMI Research considers mega-trends that will shape the mining industry over the next thirty years from a supply side and demand side perspective. On the supply side, technological innovation and tightening environmental standards will modernise operations and push exploration to increasingly far-flung locales, while consumption growth patterns will reflect the shift to a low-carbon economy. ...

S&P’s sees further improvement in most metal prices in year ahead

MINEX FORUM | March 6, 2018
img0 Metals prices have benefited from the improved global economy and from a recently weaker US dollar, in which most commodities are valued, with the Standard & Poor’s (S&P’s) GSCI reaching a two-year high on January 26, aiding the uptick in global exploration, the research firm’s ‘World Exploration Trends’ report reveals. In January 2018, the dollar’s trade-weighted value was ...

Who owns Armenia’s mines?

MINEX Forum | January 12, 2018
img0 Mining is one of the most important sectors of the Armenian economy; it has the largest share of exports constituting more than half the total value. On 9 March 2017, Armenia became a candidate country for the Extractive Industries Transparency Initiative (EITI). Candidacy means the country must undertake a series of reforms within a set timeframe to comply with ...