New report predicts US infrastructure spending promised by president-elect could propel global growth to highest since 2011 further boosting metals demand.
Tin Mining News
Industrial metals surge as US president elect vows massive infrastructure spending – budget could top $500 billion.
The funding, which includes direct investment and grants, aims to help the asteroid mining company launch its first commercial prospecting mission by 2020.
He envisions people living in big glass-carbon fiber domes on the surface, with additional areas mined out below the surface by robots for "industrial" uses.
Last year, the country's cobalt production accounted for just over half of the world's output.
While many still see space mining as science fiction, global recruitment expert Fircroft has compiled data that proves it feasible.
While met coal is clearly the star performer, thermal coal is probably the biggest upset – seaborne prices have jumped 65% in 2016 to above $80 a tonne.
Resistance breach shows significant upside potential for base metals.
The main challenge for mining near-Earth celestial bodies is neither technology nor cost, but simply “convincing people it is realistic,” says Dr. Phil Metzger.
OSIRIS-REx will collect samples from an asteroid and return them to Earth, in what it could be a pivotal step for firms currently planning to tap into the space mining business.
China's domestic iron ore, copper, nickel, zinc, lead and bauxite mining output is slowing dramatically.
And one that's ultra-bearish.
Bolivia seized three of Glencore’s operations in nine years and the Swiss giant is now initiating arbitration proceedings against the South American nation.
Vancouver junior will start environmental work in September at South Crofty mine in south-west England where mining dates back to the Bronze age.
The mission's goal is to map a target asteroid, looking for deposits of water and other resources with visible and infrared cameras.
Most of them have been after existing operations and companies, rather than trying to build mines from scratch.
Faced with declining domestic production, China's top copper company — Minmetals — said earlier this year that the "only solution” was going overseas, and many are following its steps.
Industrial metals are now all trading above their 100-day moving averages and most are no longer in backwardation.
Illegally acquired and exported gold from the mineral-rich eastern Congo keeps filling the pockets of some foreign companies as well as armed groups, a new report shows.
First time a country partners with privates to boost the development of the industry.
An official endorsement of such mission would pave the way for several other for-profit space ventures currently in the works.
Improving agriculture with crop-specific satellite images.
Significant brown and greenfield projects through 2020 nearly outnumber the next ten countries on the list.
Funds will be used to deploy and operate the firm's Earth observation program, known as Ceres.
Sprott monthly market update with Rick Rule: Cobalt bubble coming; Kaminak & The Yukon; streaming & royalties
In the current bull market, with more equity available, streaming and royalty companies continue to provide much needed revenue in the base metals and industrial materials sectors.