Hot News in this Week
Feb 21, 2025
A Chinese company, Jiangsu Jiuwu Hi-Tech, has ceased exports of lithium processing technology, specifically sorbents, starting February 1, amid growing trade tensions and proposed export controls from Beijing. This move reflects the industry’s response to China’s intentions to restrict the export of critical battery technologies, which is already impacting negotiations and plans of Western companies reliant on these resources. The proposal is creating a "chilling effect" on the industry, prompting Western firms to seek alternative suppliers and technologies as they adapt to potential restrictions from China.
Source: Refinitiv.com
Tin prices have reached a four-month high, driven by declining supplies from Indonesia and decreasing stock levels in London Metal Exchange (LME) warehouses. As of February 18, benchmark tin rose 0.5% to $32,850 per metric ton, supported by a 67% drop in Indonesia's refined tin exports in January and ongoing delays in obtaining necessary export permits. Analysts predict a global tin market deficit of 13,000 tons for 2024, compounded by strong demand from the semiconductor industry, which saw a significant sales increase of 19% in 2024.
Source: Refinitiv.com
Ascot Resources has secured a financing deal worth up to C$65 million ($45 million) to fund its Premier gold project in British Columbia, which was delayed due to a shortage of trained labor.
Source: Mining.com
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