Philippines to dethrone Indonesia as largest global nickel ore producer

Global nickel production will drop significantly over 2020 as major producer Indonesia’s nickel ore export ban comes into effect, Fitch analysts assert in a recent report. This drop will be slightly offset by the impact of rising production growth in the Philippines where some currently suspended mines will become operational again, while the country aims to plug […]

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Gold, base metals, crude oil jump on US Fed’s surprise interest rate cut

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Base metals’ prices jumped by 1-2 per cent on Wednesday after the United States Federal Reserve (US Fed) announced a 50 basis points (bps) emergency interest rate cut. The Fed also confirmed high downside risk for the global economy as a result of increasing number of coronavirus (COVID-19) cases across the world. Gold and silver price increased […]

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Indonesia allows nine companies to resume nickel ore exports; all set to start battery-grade nickel plants

Indonesia has allowed nine companies to resume nickel ore exports after inspections into reports of ore export rules violations, Reuters reports. Among the companies allowed to export ore again are state-controlled miner PT Aneka Tambang and PT Trimegah Bangun Persada, according to an official document reviewed by Reuters and verified by a mining ministry official […]

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US steps up efforts to limit China’s control of critical minerals

The US government is stepping up efforts to break China’s dominance over supplies of critical minerals for a range of modern life’s aspects, including electric vehicles (EVs), green technologies and military applications by launching a plan to boost lithium, cobalt and rare earths mining across the globe. The Energy Resource Governance Initiative (ERGI) initiative, announced in […]

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Philippines indefinitely suspends nickel mining from its southern region

A nickel mining hub in the southern Philippines, which produces mostly high-grade material, has suspended extraction operations indefinitely as the regional government conducts an industry audit, a top government official told Reuters last week. The government of Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) has suspended operations of all four mining companies in its jurisdiction, said Environment, Natural Resources […]

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Nickel’s fate hangs in balance as Indonesia considers early ban on exports

Indonesia is weighing whether to advance the timeline for a planned ban on exports of mineral ores, the country’s trade minister said a day after nickel prices surged on speculation the Southeast Asian nation will halt shipments, Reuters reports. President Joko Widodo is gathering input from the Ministry of Energy and Mineral Resources about the […]

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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 […]

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