The metals price rally is here to stay

As economies reopen in various parts of the world, metals prices have increased by 72 per cent relative to their pre-pandemic levels – reaching a nine-year high in May 2021. The increase has been broad-based across industrial metals – copper is up 89 per cent in May 2021 (year-over-year), iron ore is up 116 per […]

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Fitch upgrades long-term nickel price forecast

The nickel price will remain on a gradual uptrend in the long term as the global market remains in deficit, prompting Fitch Solutions to upgrade its long-term nickel price outlook from $15,750 per tonne to $16,500 per tonne for 2021. London Metals Exchange nickel prices are expected to tick lower than present spot levels in the coming months, as demand from steel […]

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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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Indonesia halts deep-sea mining disposal of nickel for environment concerns

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Indonesia will no longer permit mining waste to be disposed in the ocean to allay concerns about the environmental impact of processing nickel used in electric vehicle (EV) batteries, a government official and a corporate mining source said. The Southeast Asian nation, the world’s biggest nickel producer, has not officially banned so-called deep sea tailings […]

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