The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
ATH for tin price...when will we hit $40000??
Indonesian president suggests the nation may stop tin exports in 2024
• The Indonesian president Joko Widodo hopes an export ban will boost investment into local tin smelting and refining.
• The president also raised the potential to ban bauxite and copper exports in 2022 and 2023, respectively.
• Indonesia has already banned the export of nickel ore, driving Chinese smelters to invest in Indonesia.
• President Widodo hopes the selling of ‘semi-finished goods’ or ‘finished goods’ to boost ‘added value.’
Even more positive for the SP when you add this in to the mix
https://uk.investing.com/commodities/tin-streaming-chart
"Tin futures traded around $37530 a tonne in the third week of November, not far from an all-time high of $38215 hit in the previous month amid tight supplies and strong demand for the metal in the environmental and sustainability landscape, particularly in photovoltaic installations, electric vehicles and electronics. China, the top producer, closed its port with its biggest importer, Myanmar on the back of surging COVID cases in Myanmar. Meanwhile, inventories at both LME exchange and ShFe hovered near multi-year lows."
Tin ($37,935/t) prices continue to rise as China cuts off port access to Myanmar as Covid cases rise
• Around 90% of tin concentrates for refineries in Yunnan come from Myanmar
• Stocks to consider are AfriTin and Cornish Metals*. *SP Angel acts as Nomad and brokers
Any price targets a technician can give us after the breakout from the recent halfway consolidation?
https://uk.advfn.com/stock-market/london/mkango-resources-MKA/chart/trading-view
RARE EARTH ELEMENTS – CRITICAL FOR
DECARBONIZATION
The price of key rare earth elements – vital
for generators in wind turbines and magnets for
electric vehicles – continued to leap ahead in
October and early November.
China neodymium oxide climbed to
US$103,210 per tonne in October – double
year ago levels and 2.3 times higher than the
average in 2019 prior to the ‘Great Lockdown’.
China praseodymium oxide at US$105,793.33
in October now stands 2.25 X above year-ago
levels and China dysprosium oxide (a heavy rare
earth) is 1.8 X higher than a year ago. We expect
further gains ahead
Anyone download this?
hxxps://www.africaintelligence.com/mining-sector_exploration-production/2021/11/09/will-us-stake-help-rainbow-rare-earths-get-its-mine-reopened%2C109703702-art?cxt=PUB&utm_source=AIA&utm_medium=email&utm_campaign=AUTO_EDIT_SOM&did=108316643&eid=681982
Good to see Innovate sponsoring MKA as well as LCM
ELECTRIC POWER | ENERGY TRANSITION | METALS 03 Nov 2021 | 23:56 UTC
Recycling could account for 25% of rare earths market in 10 years: Mkango CEO
Author Diana Kinch
Editor Aastha Agnihotri
Commodity Electric Power, Energy Transition, Metals
HIGHLIGHTS
Mkango boosts participation in UK recycling venture
Recycled magnets produced with 88% energy savings
Recycling seen attractive option for market expansion outside China
Recycled material could potentially account for as much as 25% of the rare earths magnets market, but it may take some 10 years to achieve this, according to the CEO of a rare earths mine project developer.
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Register Now "Less than 5% of rare earths magnets are recycled at the moment," William Dawes, CEO of Mkango Resources, a company listed in both Canada and the UK, told S&P Global Platts in an interview. Design for recycling is crucial in this respect, he said.
The market for neodymium and praseodymium oxide – two key rare earths products used in magnets for electric vehicle motors and wind turbines – currently totals some 60,000 mt/year, with the vast majority of product processing occurring in China, Dawes said.
The geopolitics of the rare earths market, dominated by China not only for mine and processing production but consumption too, means there should be "great opportunities" for recycling in other locations in future, according to Dawes.
Mkango plans to develop a rare earths mine project in Malawi and a processing plant in Poland to start up in 2024. It is also partnering with HyProMag, a hydrogen-based rare earths magnets recycling venture which uses a technology developed by the University of Birmingham in the UK, considered a center of excellence in magnetic materials studies. The venture is partly funded by the UK government's Innovate UK scheme.
Mkango announced Nov. 3 that it has increased its participation in HyProMag to 41.6% from the previous 25%, in what appears to be a vote of confidence in the future of rare earths recycling. The initial 25% stake was taken at a cost of Eur300,000 ($411,000), Dawes said.
"This is a business where we see very significant growth opportunities," Dawes said. "The majors in the rare earths sector are now starting to talk about recycling and we're pleased to be pioneering in this area, unlocking the supply chain for recycling of rare earth magnets."