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Europe takes steps to reduce dependence on China
Speaking at the summit of the European Raw Materials Alliance, European Commissioner for the Internal Market, Thierry Breton, expressed concern about the EU's dependence on third countries for 99 products, primarily raw materials (supply of rare earths, 98% of which...
Serbia could become the second European copper producer
Serbia's Zijin Mining, a wholly owned subsidiary of Zijin and backed by China, has received permission from the Serbian government to begin mining operations at the Cukaru Peki copper and gold mine, part of the Timok project, in the eastern part of the country. The...
According to Watum, the cobalt “bubble” will soon burst
According to the head of the Democratic Republic of Congo's chamber of mines, Louis Watum the demand for cobalt is a bubble that will burst when new battery technology reduces the need for the metal. Congo holds more than half of the world's cobalt reserves, but the...
Drop for Chinese copper production in May
China's major copper smelters reduced production by 4.34% in May from the previous month to 765,100 tons as many of them performed maintenance. In the first five months of 2021, smelters produced 3.84 million tons of cathode, up 12.83% from the same period last year....