Current rally in metals prices may delay switching to green energy: IEA

Soaring metals prices may be good news for miners, but they put at risk the ongoing transition to clean energy as batteries, solar panels and wind turbines need considerable amounts of copper, nickel, cobalt, lithium and other minerals to be manufactured, a new report by IEA warns. According to The International Energy Agency (IEA), reaching the goals of the Paris […]

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Clean energy demand for critical minerals set to soar as the world pursues net zero goals

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Supplies of critical minerals essential for key clean energy technologies like electric vehicles and wind turbines need to pick up sharply over the coming decades to meet the world’s climate goals, creating potential energy security hazards that governments must act now to address, according to a report by the International Energy Agency.  The special report, The […]

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Greater govt involvement, sustainability in mining sector expected in 2021: Fitch Solutions

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As mineral and metal prices, production and consumption improve this year amid a broader and deeper economic recovery from the pandemic, the outlook for miners and metal players is positive, says research agency Fitch Solutions. It notes that this year will see a mix of traditional trends playing out and the acceleration of some relatively […]

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Seafloor deposits of minerals could soon become commercially available: WEF

Seafloor deposits of cobalt, nickel, lithium and other minerals could become a novel source of minerals for the global markets. According to a paper published by the World Economic Forum (WEF), resource exploitation industries need new frameworks for governance and these frameworks are taking shape for deep-sea minerals. In 2021, in fact, the International Seabed […]

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Mining deals across the world slump by over $ 18 billion in value due to pandemic: GlobalData

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Global mining deal value, suffering from an unanticipated shock from the covid-19 pandemic, fell by over $18 billion when compared to the first half of 2019 to $46.6 billion in the first half of 2020, GlobalData reports. The global economic slump, steered by a series of challenges, has kept investors away from long-term financial instruments, […]

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Australia and India sign minerals agreement under Comprehensive Strategic Partnership

Australia has taken a significant step towards establishing itself as a reliable supplier of the critical minerals needed to grow India’s manufacturing sector and its defence and space capabilities. Australia and India today announced a new Memorandum of Understanding (MoU) on critical minerals, the details of which are not yet revealed. The announcement was a […]

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