News

Iron ore prices surged on the first trading day since the lunar new year in China, hitting their highest level since September 2011. According to Fastmarkets MB, benchmark 62% Fe fines imported into Northern China (CFR Qingdao) were changing hands for $175.05 a tonne, up nearly 4.9% from Wednesday’s trade… Read more »

Copper seems to be a one-way bet the last six months. The copper price has risen from a low of $4,371 per metric ton in March last year to $8,631 per metric ton Friday on the LME. According to Reuters, Goldman Sachs and Citi are doubling down on their bull… Read more »

Industrial metal prices are powering to the highest in years on bets an economic recovery from the pandemic and worldwide push for cleaner, greener energy will unleash vast amounts of pent-up demand. From base-metal bellwethers to essential inputs for batteries and home electronics, post-crisis consumption threatens to outstrip near-term supply…. Read more »

It is known as a “supercycle” – and there have only been four in the past century. The term defines periods when commodity prices enjoy an extended boom, and this week’s multibillion-dollar windfalls for mining company investors suggest a fifth supercycle is on its way. Indeed, there are signs it… Read more »

At one stage on the London Metal Exchange trading overnight, the cash spot price was up US$5,000 per tonne in just that session and briefly pushed above US$30,500, which is a move described in reports from London as “short squeezing”. At session’s close, the cash price for the metal was… Read more »

In terms of carrying out President Abdel Fattah El Sisi’s directives to establish a city for gold industry in Egypt, Prime Minister Mustafa Madbouli held a meeting on Thursday with a number of ministers to discuss the general plan of establishing the city. On January 16, 2021, President Sisi directed… Read more »

The Ministry of Energy and Minerals (MoEM) has issued a circular to all companies and institutions that the ownership of mining licences cannot be transferred without its approval. The decision is based on provisions of the Mineral Resources Law promulgated by Royal Decree No 19/2019 and the ministry called upon… Read more »

Federal mining licensors at Nigeria’s Mining Cadastre Office (MCO) are looking to commence the revocation of some 2,763 mineral titles whose holders have failed to pay outstanding yearly service fees in a new aggressive revenue drive designed to swell government’s coffers in 2021. The titles at risk of federal axe… Read more »