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The index of mineral production of mining and quarrying sector for the month of March, 2023 (Base: 2011-12=100) at 154.2, is 6.8% higher as compared to the level in the month of March, 2022. As per the provisional data of Indian Bureau of Mines (IBM)
Open Mineral has raised $33 million in a series C investment round that saw Mubadala Investment Co, Statkraft and Lingfeng Capital take stakes in the company.
As downstream battery factories started deliver goods, the social inventory of lead ingots decreased from the high level on the month. However, the market quotations of primary lead was still offered at a wide discount, and the price difference between refined and scrapped lead expanded to above 250 yuan/mt, leading to the weak fundamental performance of the industrial line from lead ingot to downstream consumption. Focus this week will be whether the lead ingot inventory will continue to drop, and whether the spot discounts will narrow and drive up the lead prices.
Korea Zinc has agreed annual supply contracts for lead concentrate from South32’s Cannington mine in Australia with a 25.5% reduction in treatment charge (TC) terms from a year ago. The two companies agreed to a TC of $136 per tonne and refining charge (RC) of $1.50 per oz, down from $182.50 per tonne / $1.50 per oz, sources claiming direct knowledge said. The deal was locked as per contract with no changes to volumes, they added. South32 declined to comment and Korea Zinc did not respond to a request for comment. Annual terms in contracts for Cannington have in recent years been taken as a...
South32, Korea Zinc lock in annual lead TCs at 25.5% lower than 2020 [CORRECTED] Korea Zinc has agreed annual supply contracts for lead concentrate from South32âs Cannington mine in Australia with a 25.5% reduction in treatment charge (TC) terms from a year ago. The two companies agreed to a TC of $136 per tonne and refining charge (RC) of $1.50 per oz, down from $182.50 per tonne / $1.50 per oz, sources claiming direct knowledge said. The deal was locked as per contract with no changes to volumes, they added. South32 declined to comment and Korea Zinc did not respond to ...