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Copper prices rose in London on Friday as technical factors and lower available stocks supported recovery from the previous session's six-week low, though gains are likely to be kept in check by...
Most cobalt producers are likely to be losing money on every ton of cobalt they produce after a price slump last year, Benedikt Sobotka, chief executive at metals miner Eurasian Resources Group (ERG), said on Tuesday. Chinese-owned companies are aggressively expanding cobalt mining in Congo and Indonesia despite the price drop, as they strive to gain market share in the metal used in electric vehicle (EV) batteries. ERG, 40% owned by the Kazakh government, has assets in Kazakhstan, the Democratic Republic of Congo and Brazil producing cobalt, copper, aluminium and ferroalloys.
The rate at which platinum is displacing palladium in the manufacture of autocatalysts is slowing due to the sister metals approaching price parity, a trend which is likely to persist through this year, analysts said. Growing use of platinum in autocatalysts that reduce harmful emissions from internal combustion engines and rising sales of battery-powered electric vehicles was behind the 39% slump in palladium prices last year. Around 620,000 ounces of palladium were replaced by platinum in 2023 vs 385,000 ounces in 2022, according to the World Platinum Investment Council's (WPIC) Novem...
Mining Engineering Online
Mining Engineering Online