The top silver producers for the second quarter of 2023 have been ranked based on their reported output. While Codelco and Polymetal didn’t make the list due to missing quarterly data, several other prominent companies did. Fresnillo leads as the world’s premier silver producer, with its Q2 2023 silver production reaching 14.9 million ounces (Moz), marking a 3.5% increase from...
The Italian government is poised to expedite the licensing process for lithium battery production at Glencore’s Portovesme site in Sardinia. However, before any action can be taken, the government requires a detailed business plan from the Swiss company. This statement was issued by Adolfo Urso, the Minister of Enterprise and Made in Italy. Earlier this year, Glencore, in collaboration with...
Background: Glencore, a global leader in raw materials trading, is currently working on a transformation plan for Portovesme, an established company in Sulcis, Sardinia. The aim is to transition from producing lead and zinc to recycling and producing lithium and rare earths, potentially positioning Italy at the forefront of the European automotive supply chain. Regulatory Challenges: The Region of Sardinia...
Mining Cost Blowouts Intensify Inflationary Concerns Liontown Resources, an Adelaide-based mining company, projected the Kathleen Valley lithium mine to cost $300 million two years ago. Today, this estimate has doubled. With contractors raising their charges by 30% and a persistent labor shortage in Australia’s mining sector since the Covid-19 outbreak, wages have surged. Tony Ottaviano, Liontown’s CEO, remarked on the...
China’s slowing economy is impacting the metal market with prices on a decline. As a major consumer of metals, its economic deceleration prompts traders to look elsewhere, specifically towards oil and select agricultural commodities. Metals Feel the Heat Hedge funds, eyeing the broader picture, anticipate a deeper slump in metals, ranging from platinum and aluminum to silver and copper. This...
China’s Influence on Metal Trading: The economic slowdown in China, a major metal consumer, is causing concern in global metal markets. This has led to declining prices and traders looking for alternative investment avenues. Impact on Metal Prices: Metals like copper, aluminum, and zinc have decreased in value, with nickel experiencing a notable 38% decline. With China consuming a significant...
Embarking on a Geological Odyssey Estrella Resources, known for its mastery in nickel discovery, is steering its investigative prowess towards unearthing lithium treasures at its Carr Boyd project in Western Australia. Armed with a myriad of geological and geophysical data, Estrella seeks to decrypt the geological sonnets encrypted within the rocks of this famed terrain. Carr Boyd’s Nickel Legacy Historically,...
Regenx Tech (CSE: RGX) (OTCQB: RGXTF), known for its precious metals recovery technologies, has commenced commercial production at its plant in Greenville, Tennessee. From Commissioning to Production: Following the successful installation of an expanded gas line and the necessary permit approvals, the company has transitioned from its commissioning phase to initiate commercial production operations. This move is expected to accelerate...
A Major Leap in Exploration Efforts: C3 Metals Inc., based in Toronto, has revealed a notable expansion in its authorized drilling region at the Jasperoide Copper-Gold Project in Peru. With the recent “Authorization to Start Activities” from the Peruvian Ministry of Energy and Mines, the company has achieved a 74% increase in its drilling exploration area. Details of the Drill...
Beneath the calm landscapes of Belgium’s Kempen region, an unprecedented find is causing ripples: lithium. This discovery by the Antwerp-based company, Hita, suggests levels up to 100 mg/litre in the water it pumps. While this might hint at a lithium-led gold rush, the full story offers more nuance. Lithium: More Than Just a Metal For the technologically uninitiated, lithium is...
