Electric vehicles surpass phones as top driver of cobalt demand
The EV sector consumed 59,000 tonnes of cobalt in 2021, or 34% of total demand, according to a report by the Cobalt Institute.
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Freeport expects copper leaching technology to go mainstream
Prodded by rising copper prices and demand, Freeport and others have developed new ways to extract the red metal from piles of waste rock stored at mine sites.
Copper price rises on easing covid-19 restrictions in China
Shanghai set out plans on Monday for ending the covid-19 lockdown that has lasted more than six weeks.
Europe’s first homegrown battery plant begins shipments
Northvolt AB became the first European firm to start commercial shipments to a carmaker last week.
Ghana starts gold purchase program to strengthen currency
The gold, oil and cocoa producing country saw consumer inflation rise to an 18-year record of almost 24% in April.
Johnson Matthey predicts smaller platinum surplus, palladium, and rhodium deficits
A tight supply of palladium and rhodium has driven prices to record highs in recent years.
US coal companies struggle to cash in on Europe crunch
The rally in prices is unlikely to pull the US coal industry out of a more than decade-long tailspin.
Sandvik lifts financial targets, cuts costs amid global uncertainty
Sandvik said it was targeting higher revenue growth of at least 7% through a business cycle.
BHP CEO says supply disruptions may last years; could speed up Jansen project
Mike Henry said the miner may accelerate its potash project in Canada by a year.