Thailand buys more coal from Russia

Anastasia Bogdanova | January 17, 2020
img0 Thailand’s imports of Russian coal almost doubled in January-November from a year earlier, even as Thailand’s overall imports fell as a result of slower economic growth. Thailand imported 946,000t of Russian coal in January-November, up from about 494,000t in the same period a year earlier, Thai customs data show. Russia became Thailand’s third-largest coal supplier ...

Kyrgyzstan bans uranium mining while Central Asia countries strengthen legislation

Anastasia Bogdanova | January 17, 2020
img0 BISHKEK (TCA) — Kyrgyzstan has banned the development of uranium and thorium deposits, as well as the import of uranium-containing raw materials. Since the beginning of 2020, the relevant law has entered into force. Disputes over the anti-uranium bill, as well as the scandal over the development of the Kyzyl-Ompol uranium deposit in the Issyk-Kul ...

Cobalt price: After dismal 2019, could Tesla-Glencore deal spark turnaround?

Anastasia Bogdanova | January 16, 2020
img0 Light at the end of the tunnel? Kamoto copper-cobalt mine in DRC. Image: Katanga Mining, a Glencore subsidiary Annual cobalt production is only around 130,000 tonnes, mostly as a byproduct of nickel and copper mining. Some two-thirds of supply comes from the Democratic Republic of the Congo, where fears about political instability and the challenges of ...

EU to witness fastest growth in indirect demand for battery metals — report

MINEX Forum | December 3, 2019
img0 In a new industry trend analysis, Fitch Solutions lays out the base, bullish and bear case demand trends for EV battery metals over the coming years in Europe, the US and China. Leveraging its existing electric vehicle (EV) forecasts, Fitch created a new set of assumptions on EV sales, dividing geographic demand for battery metals ...

Gold remains mainstream choice among retail investors — WGC report

MINEX Forum | November 13, 2019
img0 The World Gold Council (WGC) on Tuesday launched a new consumer research report highlighting opportunities for gold for those working in both retail investment and jewellery markets. Based on feedback from a survey of 18,000 people, the research looks at a range of markets including China, India, North America, Germany and Russia, and highlights insights ...

Kazakhstan is one of world leaders in chromite mining, production and reserves

MINEX Forum | September 24, 2019
img0 Kazakhstan is one of the world leaders in chromite mining, production and reserves, according to the United States Geological Survey. The country was the third biggest chromite producer in 2018 with 4.6 million tonnes. South Africa and Turkey were the largest and second largest with 16 million and 6.5 million tonnes, respectively. Kazakhstan, however, ranks ...

Lithium in Serbia, there may be a fortune buried in a forgotten corner of Europe

MINEX Forum | September 1, 2019
img0 Some estimate that the continent’s largest reserves of lithium⁠—the metal used for batteries⁠ —are in Serbia. The hard part might be getting it out. The ancient scooter gurgling through a languid summer afternoon brought groceries and a fistful of cash to Sasa Antic’s house. Like many of his neighbors, the 30-year-old Serb hasn’t had a ...

Gold market in H1 2019

MINEX Forum | August 5, 2019
img0 We were right. At the beginning of the year, in the January edition of the Gold Market Overview, we wrote that “2019 fundamental outlook for the gold market is better than one year ago”. The quote below will give you full insight into our predictions at that time: As for the fundamental outlook, we believe ...