Articles for tag: Africas, Benchmark, Intelligence, lithium, Mineral, supply, Triple, year

April 19, 2024

Ron Finklestien

mining

China’s Dominance: Africa’s Lithium Supply Set to Almost Triple

Chinese Monopoly on Africa’s Lithium The grip of Chinese companies on Africa’s lithium extraction looms large, with over 90% of the continent’s anticipated lithium supply in this decade pinned to projects co-owned by Chinese entities, as indicated by Benchmark Mineral Intelligence. Growth Centered in Zimbabwe Zimbabwe takes center stage in the surge of lithium production. Earmarked as one of the seven top global producers, the nation churned out a notable 3,400 tonnes in 2023. Powerhouse in Lithium: Zhejiang Huayou Cobalt’s Arcadia Mine The heart of this upsurge beats in Zhejiang Huayou Cobalt’s Arcadia lithium mine in Zimbabwe, a behemoth in

March 28, 2024

Ron Finklestien

mining

Impressive Surge in MAG Silver Stocks Amid Juanicipio Mine’s Resource Update Emphatic Uptick in MAG Silver Stocks as Juanicipio Mine Resource Report Breaks

Project Commencement Signals Prosperous Era Embarking on a trajectory toward commercial production in June 2023, the Juanicipio mine finds its abode nestled in the pulsating Fresnillo silver trend of Mexico. In a symbiotic ownership structure, MAG carves out a 44% niche, while Fresnillo plc, the deft operator, reigns over the remaining 56%. Bountiful Harvest of Silver Sets a New Benchmark The mine’s efforts in 2023 bore fruits to the tune of 16.8 million ounces of silver. A windfall by any measure and a testament to the mine’s productivity. Untapped Potential Sparks Investor Frenzy In a riveting development, MAG Silver proclaimed,

January 31, 2024

Ron Finklestien

mining

Silver’s Emergence as a Critical Mineral in North America Silver’s Emergence as a Critical Mineral in North America

The case for silver In December 2023, Natural Resources Canada embarked on a journey to review Canada’s Critical Minerals list and methodology, inviting public commentary. One criterion highlighted the imperative role of the mineral in propelling the nation towards a low carbon and digital economy. Silver, revered as the ultimate electrical and thermal conductor, along with its unrivaled reflective properties, is heralded as indispensable for various industrial and technological applications. The surge in demand for technologies such as solar power has fueled a corresponding increase in industrial demand for silver. Global demand and industrial applications In 2023, global silver demand