A man specialized in metals came across the nugget of gold largest ever found in England after just 20 minutes of searching for these materials with its sensor, according to British media reports this Thursday. The lucky one is Richard Brock, 67, who has been using metal sensors in England for 35 years and found […]
Tag: metals
La Oroya: complex will produce up to US$400 million a year
In 2009, Doe Run Perú stopped its operations at the Metallurgical Complex of La Oroya (CMLO), claiming that they did not have the resources to keep it afloat. A lot of water ran under the bridge and only in October of last year was the infrastructure handed over to its former workers, organized through Metalurgia […]
NASA launches spacecraft to explore metal-rich asteroid Psyche
The POT launched on Friday a spacecraft from Florida toward Psyche, the largest of several known metal-rich asteroids in our solar system and which scientists believe is the remnant core of an ancient protoplanet, offering clues to the formation of Earth. The Psyche probe, folded in the cargo compartment of a SpaceX Falcon Heavy rocket, […]
The US and Saudi Arabia negotiate an alliance to obtain metals in Africa
USA and Saudi Arabia They are talking about a possible alliance to obtain metals in Africa that are key to their respective energy transitions, as reported this Sunday by The Wall Street Journal. The newspaper, which cites sources familiar with the matter, indicates that Saudi Arabia is considering investing US$15 billion in mining assets on […]
Peruvian copper and a latent African threat
This week, it was learned that the Democratic Republic of Congo (DRC) could displace Peru as the world’s second largest copper producer in no more than five years. The information, shared by Wood Mackenzie, indicates that the extraction of the African red metal almost equaled that of Peru in 2022, where 2 million 438,631 tons […]
The extraction of rare minerals has doubled in the last 100 years
The extraction of minerals rare and scarce has doubled in the last 100 years, according to a Spanish investigation, which warns that “the extraction of chemical elements from the Land It can be constraining and carry environmental, economic, social and geopolitical risks”. The work of the Center for Ecological Research and Forestry Applications of the […]
JPMorgan is biggest counterparty in Chinese tycoon’s nickel bet
JPMorgan Chase & Co. is the Chinese tycoon’s biggest nickel trading counterparty caught in an unprecedented short squeeze, putting the bank at the center of one of the most dramatic moments in metals market history. Some 50,000 tons of the total nickel short position of XiangGuangda, of more than 150,000 tons, is maintained through an […]
War in Ukraine: Peru will benefit from high metal prices, according to Fitchs
Fitch Ratings pointed out, this last Monday, March 7, that the impact of the high prices of raw materials such as the highest of metals will benefit Chile (A-/Stable) and Peru (BBB/Stable) (although a major shock to global growth could cause prices to fall), but as importers of Petroleumthe benefit will be offset by higher […]
Mining companies face talent shortages as electric vehicles increase demand for metals
Jonathan Little, who attends the University of Kentucky, is among the legions of students from around the world who mining industry You can’t afford to lose, but you’ve already done it. Little, 20, considered a career in mining, but chose to study a branch of engineering that will likely require him to design truck engines. […]