Iron ore rallied as Chinese port inventory declined.
The price was also boosted by last week’s news of Vale cutting its 2020 production outlook again, from a revised 310-330 million tonnes to 300-305Mt.
MySteel 62% Australian iron ore fines were up 0.7% to $137.50/t and 58% fines jumped 5.43% to $134/t.
Cadence Minerals plc (LON:KDNC) provides mining services. The Company focuses on finding lithium and other technology minerals in new places, as well as offers extracting services.
Lithium-ion, a key component in electric vehicles has seen a lot of fluctuation in market prices, which have dropped to CNY 2,05,000-2,46,000 a tonne, versus the highs of CNY 6,00,000 witnessed in November 2022. Lithium carbonate
Cadence Minerals plc’s investee company has identified “significant and widespread lithium” from auger and geochemical programme at the Kenny project within the Dundas mineral field of Western Australia. Evergreen’s results indicated “the potential for lithium, caesium
Cadence Minerals plc (LON:KDNC) has noted that ASX listed Evergreen Lithium Limited (ASX:EG1) has announced the results of its auger geochemical programme at the Kenny project, which has resulted in the identification of significant and widespread
Dalian iron ore futures extended gains on Tuesday on hopes of additional policy support for China’s economy, but the challenging outlook for the world’s top steel producer weighed on the steelmaking ingredient’s benchmark price in Singapore.
While electric vehicles are essential to reducing carbon emissions, their production can exact a significant human and environmental cost. To run, EVs require six times the mineral input, by weight, of conventional vehicles. These minerals, including
WHAT IS LITHIUM? The silvery-white element is the lightest metal and highly reactive, giving it strong energy storage potential per unit of weight. This makes the alkali metal the mainstream choice for EV batteries, where high
Cadence Minerals filed its notice of being the largest shareholder in Evergreen Lithium Ltd after the investee company listed on the Australian Stock Exchange. SHARES The company holds 15,830,138 million shares, equivalent to 8.74% of the
EverGreen Lithium (ASX:EG1) has continued its dream start as a listed company after days ago floating on the Australian Securities Exchange (ASX), closing trade today more than 50% higher. The battery metals company listed via an
Dalian and Singapore iron ore futures slightly rebounded on Thursday as the market expected downstream steel demand to gradually recover after the latest wave of inclement weather that has constrained construction activities. The most-traded September iron
Dalian and Singapore iron ore futures rebounded on Monday from oversold levels, although traders’ disappointment particularly over tepid demand for construction steel products in China capped gains. Benchmark prices of the steelmaking ingredient slumped last week,
Lithium producers play a vital role in the electrification of vehicles. The electrification of automobiles is projected to drive the lithium-ion battery market, considerably increasing demand for lithium-ion batteries in the near future. The growing awareness
Dalian iron ore futures edged higher on Tuesday, with the benchmark contract hitting a record high, as the steelmaking ingredient tracked buoyant steel prices in China, though regulatory concerns limited gains. Sentiment was propelled by improved
Dalian and Singapore iron ore futures rose on Tuesday, as warmer weather raised expectations for a pickup in steel demand and the market focused on improving consumption fundamentals. The most-traded May iron ore contract on China’s
After decades of subdued interest in lithium, rapidly rising demand and prices have made “white gold” one of the hottest sectors in the mining world. Batteries are a foundational technology in the transition away from fossil
Iron ore futures jumped on Wednesday, as better-than-expected China manufacturing activity data raised hopes for a demand rebound in the world’s top steel producer. The most-traded May iron ore futures contract on the Dalian Commodity Exchange
Cadence Minerals plc (LON:KDNC) has provided an update on the progress of three of its investments. The latest presentation is available on our website. Hastings Technology Metals (ASX: HAS) On 25 January 2023, Cadence completed the
The spot price of iron ore is being pushed higher in a pincer move of stronger Chinese demand and lower supply from the world’s two biggest exporters of the steel raw material. The spot price of
Global demand for lithium batteries is expected to surge more than five-fold by 2030, public-private alliance Li-Bridge said on Wednesday, as more people opt for electric vehicles and energy storage systems. Demand for lithium batteries in
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