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Copper: Ivanhoe estimates to produce up to 340,000 tons at DRC mine in 2022
Ivanhoe Mines reported that it expects to produce between 290,000 and 340,000 tons of copper concentrate in 2022 at its Kamoa-Kakula copper complex in the Democratic Republic of Congo (DRC). The Canadian company, which began production of the commodity last year,...
Nickel: price hits highest in a month as stocks near record lows
Nickel prices rose today to the highest level in more than a month, with inventories of the metal hovering near historic lows. Prices are expected to remain strong in the near term amid low inventories and destocking expectations, but Indonesia's growing capacity will...
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,...