Shanghai copper main contract breakthrough 70 thousand yuan/ton
The main copper contract in Shanghai has now risen above 70,000 yuan/ton for the first time since August 2011.
Many market institutions believe that the macro and fundamental resonance of copper prices this round of rise for the general trend.
"After looking at the macro background, I think there is still room [for copper prices to rise] in the next three months or so," said Wenyu Yao, an analyst at ING.
Government of Canada establishes Task Force on Key Minerals
Seamus O 'Regan, Canada's Minister of Natural Resources, recently revealed that a federal-province-territory collaborative working group has been established to develop key mineral resources.
Relying on its rich key mineral resources, Canada will build a whole industrial chain of mining-battery industry.
Canada is rich in key minerals, including nickel, lithium, cobalt, graphite, copper and manganese, which provide the raw materials for the electric vehicle supply chain.
Peru's presidential candidates want to revise the copper concession system
Yohny Lescano, a Peruvian presidential candidate, has said that if he becomes president, he will have to change Peru's current mining concession system to allow the state to become the ultimate owner of the copper mines. This will help Peru get more income in a fair way, but it will not mean nationalisation of the mines.
Indonesia expects nickel sales to increase this year
Meidy Katrin Lengkey, secretary-general of the Association of Indonesian Nickel Miners (APNI), said recently that the resurgence of Covid-19 vaccine and vaccination will improve nickel production and sales performance this year.
APNI member companies have recorded sales of 40 million tonnes of nickel ore to smelters by 2020, accounting for about 40 per cent of last year's Total Work Programme and Budget (RKAB).
Meidy said nickel mining activity had begun to normalize, especially with the recent rise in nickel prices.
Zambia's copper production reaches record high in 2020
Zambia's mining minister, Richard Musukwa, said this week that the country's copper production in 2020 will reach an all-time high of 882,061 tonnes, up 10.8% from 776,430 tonnes in 2019.
Zambia is Africa's second largest copper producer.
Musukwa also said Zambia aims to produce more than 900,000 tonnes of copper by 2021, with a long-term goal of producing more than 1 million tonnes a year.
The Democratic Republic of Congo exported its first minerals using blockchain
Minexx company using block chain technology payment $250000 worth of minerals for the certification, export the first batch of minerals from the democratic republic of the Congo, this is the first time in Congo (gold) trading block chain of minerals, is an important milestone in the field of mining, can through the mobile payment confirmation ore miners cash income, to ensure a fair compensation in time.
Some expect oil prices to return to $100 a barrel within the next two years
Optimism on the oil market continues to spread ahead of the OPEC+ March meeting.
The agency is optimistic that by the end of next year, international oil prices could return to $100 a barrel.
Azerbaijani analyst Socar Trading SA is optimistic that Brent will surpass $100 a barrel in the next 18 to 24 months.
Guinea will export 82.4 million tons of bauxite in 2020
Guinea's bauxite exports totaled 82.4 million tons in 2020, up 24 percent from 2019, according to statistics released by Guinea's Ministry of Geology and Mines, cited by Guinean media.
State power investment in Guinea mining bauxite project first ship bauxite shipment
Power China Guinea Aluminum Development Project held its first bauxite shipment ceremony at Port Vega.
Port of Viga is the loading and delivery place of bauxite mine for the National Power Investment Guinea Aluminium Development Project. It is located in Belle, the central west coast of Guinea, facing the Atlantic Ocean, 210 kilometers away from the capital Conakry and 52 kilometers away from Kamsa Port in the north. A 12,000 ton berth and offshore barge facilities have been built.
PowerChina has already mined 300,000 tons of bauxite.
Lundin Mining expects the Argentine gold and silver mine to become operational in 2026
After investing $3.09 billion, Canada's Lundin Minerals plans to start operating its Argentinian silver, gold and copper project Josemaria in 2026, a company spokesman told Reuters on Wednesday.
Experts point out that Argentina is a country with large untapped mineral resources, mainly in the Andes Mountains region.
If the project is approved for environmental studies this year as planned, construction of the mine could begin in 2022.
