Weekly Nugget
Catch the June monthly mining roundup replay
We dig into the latest trends, data, and news in this week's Nugget.
In this week's Nugget, we're digging into the latest mining news, data, and trends.
Here's Your Weekly Nugget!
- 🔥 What's New
- 📰 In The News
- 🎧 On The Rocks
- 📱 Trending On Social
- ❓ Prospector Poll
🔥 What's New
Save Time on Your Quarterly or Annual Report With a Custom Data Query
Welcome to Q4! It’s crazy how time flies, isn’t it? As the end of the year is beginning to wrap up, why not save yourself some time and effort in your quarterly and annual reporting?
With our comprehensive database, we can run reports on production, sales, cash costs, and all-in-sustaining cost data from a variety of projects, minerals, and companies over time. Combined with resource and reserve historic growth information, we'll provide you with up-to-date and accurate data cuts.
Let us help you get those quarterly and annual reports done so you can focus on more important things!
📰 In The News
Liebherr Grabs MINExpo 2024 Spotlight
- German firm Liebherr and Australian miner Fortescue announced a $2.8 billion partnership to deploy 500 zero-emission mining machines, including battery-electric trucks, dozers, and excavators.
- The partnership aims to support Fortescue's 2030 Real Zero emissions target, with the first zero-emission autonomous trucks operational by 2026.
- Liebherr is expanding its Australian operations to support the deployment of these machines in Fortescue's iron ore hub in Western Australia.
Why the Time Is Now to Invest in Mining Technologies for Sustainable Growth
- The mining industry is undergoing a transformation driven by the surge in demand for minerals critical to the energy transition, offering significant growth potential for investors through advanced technologies.
- Key areas of technological advancement in mining include exploration, automation, energy efficiency, and recycling, all contributing to increased productivity, cost reduction, and sustainability.
- Investing in mining technologies aligns with ESG goals, government incentives, and presents de-risked opportunities, making the sector attractive for investors seeking both financial returns and sustainable practices.
Major Copper Discoveries Down as Industry Shuns Greenfield Exploration
- Major copper discoveries have become increasingly scarce, with most reserve growth over the last decade coming from older deposits as the industry focuses on brownfield assets instead of early-stage exploration.
- From 1990 to 2023, 70% of the global copper volume growth came from deposits discovered in the 1990s, with only 14 significant deposits found in the last decade.
- Latin America remains the largest source of copper discoveries, contributing 55.6% of global volumes, while exploration in the U.S. and Canada faces regulatory and opposition challenges.
Australia's Lithium Mining Boom Hit by Sagging Prices
- Lithium prices have plummeted by over 75% since June 2023 due to falling electric vehicle sales and a global oversupply, significantly impacting Australia, the world’s largest lithium ore producer.
- Several Australian lithium mines have halted or reduced production due to low prices, but some companies, like Pilbara Minerals, are expanding, anticipating a rebound in global demand.
- Australia is moving toward building its own lithium refineries to reduce reliance on Chinese processing, with efforts to develop greener refining technologies and establish a circular battery industry.
The Mavericks of Metals Are Back, Rocking a $15 Trillion Market
- The metals industry has faced controversy over warehouse fees, with companies like Metro and Istim using tactics that maximize profits while manipulating storage costs and delivery delays, impacting traders and market prices.
- Istim, run by the Whelan family, plays a critical role in the London Metal Exchange (LME) system, using strategies that attract and hold metal stockpiles, leading to disputes over pricing and fairness in the aluminum market.
- Despite LME rule changes and complaints from industry players, warehouse companies continue to exploit market inefficiencies, benefiting from rent-sharing deals and creating significant challenges for regulators and traders alike.
🎧 On The Rocks
📱 Trending On Social
❓ Prospector Poll
What is the most attractive aspect of investing in mining technologies right now?
