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Reuters

Reuters is an international news organization owned by Thomson Reuters. Until 2008, the Reuters news agency formed part of an independent company, Reuters Group plc, which was also a provider of financial market data.

Weak lithium prices could slow EV revolution, Albemarle warns

14th January 2021 Global supplies of lithium used to make electric vehicle (EV) batteries will fall short of projections for demand to more than triple by 2025 if prices do not rebound to fund expansions, an executive at industry leader Albemarle said this week. The warning laid bare the tension emerging in the... 

Kazakh mining startup Battery Metals seeks Hong Kong listing

14th January 2021 Battery Metals Technologies, a Kazakhstan-based nickel and cobalt mining company, plans to raise funds through an initial public offering and list in Hong Kong, the firm told Reuters. The company said on Thursday it plans to develop the Gornostayevskoye deposit located close to the... 

Rhodium roars above $20 000 in precious metals' biggest rally

14th January 2021 Rhodium's rally to record highs shows no sign of stopping, with prices up 19% this month as auto makers that need the metal to meet tightening emissions regulations run into limited supply. Used in engine exhausts to neutralise harmful nitrous oxides, rhodium reached $20 190 an ounce on... 

Colombia coal miner Cerrejon production, exports fell in 2020

14th January 2021 Colombian coal miner Cerrejon's production and export levels fell in 2020 due to lower demand, price declines, the impact of the coronavirus pandemic, and a three-month strike which paralyzed operations, the company said on Wednesday. The miner produced 12.4-million tonnes of coal in 2020, down... 

China 2020 iron-ore imports hit record on robust post-virus demand

14th January 2021 China's iron-ore imports hit a record high in 2020, jumping 9.5% from a year earlier as the country beefed up spending on infrastructure to spur an economic recovery amid the coronavirus pandemic and manufacturing increased. China, the world's top steel producer, imported 1.17-billion tonnes of... 

China's annual rare earths exports slump to 5-year low

14th January 2021 China's rare earths exports fell to a five-year low last year, customs data showed on Thursday, after the coronavirus hit overseas demand and as more supply was used in domestic industries. Shipments reached 35 448 t, down 23% from 46 330 t in 2019 and the lowest since 2015, according to Reuters... 

Indebted Zambia pays $400m in VAT refunds to mining firms

13th January 2021 Zambia paid 8.5-billion kwacha ($400-million) in value-added tax refunds to mining companies last year, the head of the tax authority said on Wednesday, equal to about 3.5% of the external debt that the southern African country is struggling to repay. Zambia, Africa’s second-largest copper... 

Itochu to exit thermal coal business, sell stakes in mines by March 2024

13th January 2021 Japanese trading house Itochu said on Wednesday it plans to exit the thermal coal business, selling its stakes in mines in Columbia and Australia by March 2024 as it aims to promote decarbonisation. Itochu's statement was the first confirmation from the company that it would completely withdraw... 

Norway eyes sea change in deep dive for metals instead of oil

13th January 2021 Norway's oil and gas reserves have made it one of the world's wealthiest countries but its dreams for deep-sea discovery now centre on something different. This time, Oslo is looking for a leading role in mining copper, zinc and other metals found on the seabed and in hot demand in green... 

Native Americans sue Trump administration over Arizona copper project

13th January 2021 Members of the San Carlos Apache tribe in Arizona on Tuesday said they have sued the Trump Administration to block a pending land swap that would give Rio Tinto the land it needs to build its Resolution Copper project. Apache Stronghold, a non-profit organisation that filed the lawsuit in the US... 

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