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Peru reports 60% increase in mining tax revenues
Peru's Ministry of Energy and Mines (MINEM) released a report that regional and local governments saw an aggregate 60% increase in mining tax revenues in 2021. According to the ministry, revenues from mining royalties, legal and contractual royalties, exploitation...
Lithium: electric cars will account for 73 percent of lithium demand by 2030
According to Chilean copper agency Cochilco, the electric vehicle (EV) industry will dominate lithium demand in the coming years, accounting for nearly three-quarters of the battery metal's consumption by 2030, up from 41% in 2020. According to the industry body,...
Cobalt: Industry will get a big boost from transition to green economy
The global cobalt supply chain is likely to remain highly geographically concentrated in the coming years, in the Democratic Republic of Congo for mining production and in China for refining, which will likely pose supply challenges for battery manufacturers. Yet the...
Iron ore: price rebounds on hopes of demand recovery
The price of iron ore rose Thursday on expectations of a recovery in Chinese demand after the Beijing 2022 Olympics next month. China's top steelmaker is expected to maintain production restrictions to ensure clean air during the games. The most-traded contract for...