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Shrinking aerospace demand to keep pressure on cobalt
Cobalt prices are at 10-month lows due to sagging demand from the electric vehicle and aerospace sectors amid the covid-19 pandemic and look likely to slide further as airlines defer maintenance. Airlines such as Australia’s Qantas, Qatar Airways and Singapore...
Chilean mines minister sees 3.5% drop in copper output
Chile’s mines minister Baldo Prokurica on Friday cited figures projecting a decline in the country’s copper output of 200,000 tonnes as a result of the growing impact of the new coronavirus on the industry. Prokurica said the Cochilco copper commission’s projection,...
BHP to sell Australian thermal coal mine
BHP, the world’s largest miner, is said to have hired Macquarie Bank and JP Morgan to sell its Mt Arthur thermal coal mine in Australia, as pressure from investors and the public to reduce its exposure to fossil fuels mounts. Located in the Hunter Valley region of New...
Attack on coltan mine in Congo leaves three dead
A violent attack to Société Minière de Bisunzu’s (SMB) coltan mine in the Democratic Republic of Congo has killed three and injured another three workers, amid an increase of attacks to mining operations in the country’s mineral-rich eastern region. It remains unclear...