India’s idea of mining moon for Helium-3 might soon become a reality by 2025

European scientists have announced plans to start mining the moon as early as 2025, though what they’ll be extracting is neither gold nor diamonds, but waste-free nuclear energy thought to be worth trillions of dollars. The goal is to place a lander on the lunar surface to mine and process regolith for water, oxygen, metals and an […]

Read more

Glencore pressured to curb coal production on environmental concerns

Glencore has become the latest energy heavyweight to succumb to climate change pressure and has announced it will stop raising its coal production capacity, CNBC reports. The Swiss company’s current thermal coal production capacity is 150 million tonnes annually, which makes it the biggest single exporter of the commodity. But as pressure mounts on the energy […]

Read more

Five things to watch in 2019 for global metals industry: Wood Mackenzie

A report by Wood Mackenzie, the global research analyst firm has listed out five things to watch out for in the metals market in 2019. The success of China’s economic reform programme will have a strong influence on the metals market this year. On balance, fundamentals have improved, but geo-political concerns continue to dog the […]

Read more

Indonesia to start construction of $4 billion EV battery project in Jan 2019

Developers will begin building a lithium battery project in Morowali, on the Indonesian island of Sulawesi, on Jan. 11, Indonesia’s Coordinating Maritime Minister Luhut Pandjaitan said last week, as reported by Reuters. The $4 billion project involves investors from South Korea, Japan and China, Pandjaitan told reporters, without naming the companies involved or providing further […]

Read more

Australian Mines shares soar after partnering with Indian firm to produce key battery metal

Shares in Australian Mines closed 25 per cent higher last week after the company announced it had partnered with an Indian firm to evaluate the use of scandium in next-generation battery storage technology. The Perth-based miner said its planned collaboration with India’s Amrita Centre for Research and Development’s Centre of Excellence in Advanced Materials and Green Technologies acknowledges […]

Read more

China battery firms to set up $700m nickel joint venture in Indonesia

Chinese battery firm GEM Co Ltd announced last week that it was teaming up with four companies to invest a total of $700 million in a project to produce battery-grade nickel chemicals in Indonesia, reports Reuters . The investment comes as several global metals producers have also set their sights on Indonesia’s nickel reserves, looking to tap […]

Read more

Australia says resources and energy exports to grow to record in 2017-18 led by LNG and iron ore

Iron-ore-bhpbilliton.jpg

Australia forecast its resources and energy export earnings to grow to a record A$214 billion in 2017-18, driven by growing LNG and iron ore export volumes despite commodity prices resuming their decline in the December quarter. “In 2018–19, prices are expected to weigh more heavily on export earnings, which are forecast to decline to $200 […]

Read more

NCDEX to launch delivery-based metals contracts as well as location-spread agri commodities

India’s National Commodity & Derivatives Exchange (NCDEX) plans to nudge its way into market leader Multi Commodity Exchange’s (MCX) stronghold over metals derivatives. NCDEX, India’s leading agricultural commodity derivatives exchange, is planning to launch two metals contracts, which will be delivery contracts and capture Indian prices. The bourse is also considering launching location-spread contracts for […]

Read more