The CFTC, CCP And Silver Manipulation: “Fox, Please Watch The Hen House”

No, not that CCP, though it may as well be. The “CCP” in reference Comex paper silver manipulation is the Central Counterparty sub-committee of the CFTC. The CCP is the creation of Chris Marcus’ (Arcadia Economics) candidate for a Nobel Prize of some sort, Ross Benham. The CCP was established to to provide reports and […]

Why Did The CFTC Help Suppress Silver Futures Prices?

Before the CFTC inevitably ignores the following inquiry from Chris Marcus et al, I would remind its Chairman and the CFTC attorneys that the CFTC and its agent are  public servants — their function is to serve the public.  The compensation paid to the CFTC’s Chairman and Commissioners,  and  to its entire staff,  is funded […]

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Cobalt, nickel battery use rises as electric sports cars gain popularity

The total battery capacity of EVs sold during the month increased 123% year on year to close to 11.3 GWh, according to Adamas Intelligence, which tracks demand for EV batteries by chemistry, cell supplier and capacity in over 90 countries.  To produce the most accurate data, the monthly battery capacity deployed numbers in the MINING.COM […]

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BC First Nation, Skeena Resources reach mining partnership peak

Eskay Creek is a past-producing mine first discovered in 1988 that Skeena initially optioned from Barrick Gold in 2017, before acquiring 100% ownership in October of last year. The former Eskay Creek mine was once the highest-grade gold mine in the world when it was in production, according to Skeena, as well as being the […]

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NextSource partners with processors in Tesla supply chain to build battery anode plant

NextSource noted that the Japanese company supplies graphite anode material “to the majority of Japanese automotive original equipment manufacturers (OEMs) and the Tesla supply chain.” It is also the same Japanese company that in October 2018 signed an offtake agreement with NextSource for 20,000 tonnes of graphite a year over ten years. The Chinese partner […]

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Implantable gold sensor can help monitor vital values, drug effectiveness

Up till now, implantable sensors have not been suitable to remain in the body permanently because either the body rejects them or because the sensor’s color is unstable and fades over time.  The sensor changes color and reveals concentration changes of substances in the body However, by using gold nanoparticles, the team at JGU achieved […]

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Pro-foreign investment Lasso wins Ecuador presidential election

Lasso also warned he would emphasize the enforcement of environmental protection rules and larger involvement from indigenous communities in deciding projects’ future. Lasso has made public his position to bant open-pit mining nearby water sources, grasslands, moorlands and underground water flows.  The President-elect has made public his position to bant open-pit mining nearby water sources, […]

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KL Gold’s Q1 production exceeds guidance

Also during Q1 2021, the Macassa #4 Shaft project remained ahead of schedule, with shaft sinking reaching the 5,000-foot level as at March 31. The project remains on track for completion in late 2022. “Q1 2021 is expected to be the lowest production quarter of the year with all three of our cornerstone assets being […]

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Record 2020 revenues, operating cash flow from Gran Colombia

At the mine site level, company-wide 2020 production of 220,194 gold oz. was pre-reported in January, and includes 196,362 oz. from its flagship Segovia high-grade underground complex that includes four mines and also sources material from artisanal mines within its mining title. Last year, Segovia recorded all-in sustaining costs of $1,015 per oz. ($1,266 per […]

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BMW signs $335m lithium supply deal

BMW said March 30 the deal was part of its plans to accelerate its expansion of e-mobility in the coming years, which would increase the need for sustainable lithium supply for use in battery cells. By 2030, the automaker plans that at least half of its global sales will come from all-electric vehicles. BMW already […]

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Vale sells New Caledonia nickel assets to Trafigura

“Vale’s intent from the beginning of the divestment process was to withdraw from New Caledonia in an orderly and responsible manner. This deal accomplishes that,” chief executive Eduardo Bartolomeo said in the statement. Vale will have a supply contract to off-take part of the nickel produced, the world’s top nickel and iron ore producer, it […]

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Congo launches state-owned cobalt miner

The non-exclusive supply deal will also see Trafigura finance the creation of strictly controlled artisanal mining zones, buying centres and logistics to trace supply. DRC holds around 70% of the world’s reserves of cobalt, crucial for the lithium-ion batteries used in the fast-growing electric vehicle (EV) sector. Congo’s artisanal miners are the world’s second largest […]

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Rio Tinto faces revolt over former CEO’s exit package

Two other senior executives, who were in charge of the iron ore division and the unit responsible for dealing with Indigenous communities, also received hefty remunerations. Both Chris Salisbury and Simone Niven left Rio last year. Shareholder advisory groups Glass Lewis and ISS have urged shareholders to vote against the pay report at next month’s annual […]

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Musk grabs Elon lithium project in Quebec

“Fuelled by the recent shift to electric vehicles, demand for battery metals and materials has skyrocketed,” chief executive Nader Vatanchi said in the statement. While most people think of Elon Musk, the founder and CEO of electric cars maker Tesla, when they see the words “Musk” and “Elon” together, the billionaire is not associated to […]

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Top 14 UBS battery metals forecasts after VW teardown

On the back of technology and cost breakthroughs, many compelling new models hitting the market and continued regulatory support, UBS made some adjustments to its forecasts.  UBS upgraded its already rosy forecasts, which were only made last November, and the bank is now among the most bullish on EV penetration and battery raw material demand […]

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Nexa Resources halts zinc mine in Brazil

The Vazante complex comprises two zinc-lead-silver mines — Vazante and Extremo Norte. Nexa noted that throughput of the Vazante mine has been increased to mitigate the effects of the stoppage. “The Extremo Norte mine requires dewatering the aquifer for its operation, which leads to depressurization and may cause local disturbances in the rock mass around […]

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Top five EV makers responsible for 50% of cobalt deployed in 2020

When it comes to manufacturers, Adamas found that the top five EV makers by cobalt deployed onto roads in 2020 accounted for 49% of the global total. Volkswagen Group led the pack with nearly 3,000 tonnes of the blue metal deployed in the batteries of new VW, Audi, Porsche, and SEAT electric vehicles, as well […]

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Understanding how porphyry-type copper deposits are formed may lead to new resources – study

Their geology makes porphyry deposits rare, while most large near-surface examples have already been found. This means that understanding how and where they form can be of interest for mining companies searching for untapped resources. This is particularly important given recent predictions that forecast an annual supply deficit that could reach 10 million tonnes by 2030 […]