Loading
Zinc: in 2022 prices may drop 4% due to oversupply
In January 2022, the average annual zinc price was $3,599 per tonne, up 6% from December 2021. Many analysts expect the price to fall 4% y/y to around $2,880 per tonne in 2022 due to oversupply in the market. After seasonal rises, zinc prices are expected to see a...
Aluminium: prices reach the highest since 2008
Aluminum rose to a 13-year high as booming demand and a series of smelter closures in China and Europe bring the risk of shortages of this crucial industrial metal. Prices rose as much as 3.3% to $3,236 a tonne on the London Metal Exchange, surpassing the October peak...
Aluminum: Rio Tinto wants to keep Tiwai smelter running beyond 2024
The global mining and metals giant Rio Tinto, which is the majority owner of the Tiwai Point aluminum smelter in New Zealand, has shown a desire to keep the aluminum smelter functional beyond 2024, but the main power supplier to NZAS, Meridian Energy denies any...
Cobalt: global production reaches record level in 2021
According to preliminary data released by the U.S. Geological Survey (USGS), global cobalt production reached a record high of 170,000 tonnes in 2021, up 20% from the 142,000 tonnes produced in 2020. The Democratic Republic of Congo (DRC) continued to be the world's...