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Grondstoffen (algemeen)

Valuta wisselkoersen, euro dollar wisselkoers, euro pond wisselkoers, goudprijs, goudmarkt, goud kopen, zilverprijs, zilver kopen, forex, etc.
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Re: Grondstoffen (algemeen)

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Germany invests €1b to counter China on raw materials

(Feb 2): The German government earmarked about €1 billion (RM5.13 billion) for raw materials investments as it seeks to reduce dependency on producers such as China for critical minerals, according to people familiar with the plan.

A selection process will be established to determine which projects — including in extraction, processing and recycling materials — are eligible, the people said, speaking on condition of anonymity. Financing, via Germany’s state-owned KfW development bank, will consist of equity capital to make acquisitions of minority stakes.

Projects in Germany and abroad will “contribute to the security of supply of critical raw materials”, an Economy Ministry spokeswoman said. The ministry didn’t give details on how the state fund would be structured.

Pandemic-triggered supply-chain disruptions across the globe and Russia’s invasion of Ukraine exposed the vulnerability of Europe’s reliance on energy and raw materials for high-tech and green projects. Chancellor Olaf Scholz’s government pledged to ratchet up efforts to access to critical materials over the longer term.

Raw materials including cobalt, copper, lithium, silicon and rare earth metals are needed to make microchips, wind turbines and batteries for electric vehicles.

As Germany’s parliament approves Scholz’s 2024 budget on Friday, the billion-euro fund is to be set up for four years. Investments will be coordinated with Italian and French initiatives in the raw materials sector, the people said. Policymakers will focus on mineral projects defined as critical in the European Union’s Critical Raw Materials Act.

Veronika Grimm, a member of Scholz’s panel of independent economic advisers, said the aim of diversifying raw-material supplies must be a “top priority” for the EU as a whole.

“The raw-material fund can be an element, but it won’t be a enough,” Grimm told Bloomberg.

KfW declined to comment on the plans. The lender is expected to make a statement about its role managing the project at its annual news conference next week on Feb 7. The EU agreed on measures in November under the Critical Raw Materials Act to boost domestic mining and reduce dependency on any one country.

While Germany still has to set up a structure to organize its investments into raw materials, Japan could provide a model. Since 2004, the state-owned Japan Organization for Metals and Energy Security has invested in the storage of raw materials, explored reserves, provided loans or guarantees for commodity companies and bought their shares directly.

https://theedgemalaysia.com/node/699644




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Re: Grondstoffen (algemeen)

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The True Cost Of Mining Electric Car Battery Metals

Insider News

Your average EV car has six times more mineral content than a petrol or diesel powered vehicle - and all those metals need to be dug, scraped, blasted or leached out of the earth.

There is massive demand for batteries as countries eye up ambitious zero emissions targets.

But what’s the cost?


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Re: Grondstoffen (algemeen)

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IEA to launch security program for minerals critical to energy sector

The International Energy Agency is launching a program to secure the supply of minerals critical to energy security, as demand rises fast while manufacturing remains in the hands of a few key producers, its executive director said on Tuesday.

Fatih Birol said the production of electric cars, solar panels and other energy equipment requires a steady supply of minerals such as lithium, cobalt and copper.

The IEA continues to keep an eye on oil and gas markets, Birol said, but the supply chain of energy technologies is an important emerging security challenge.

“It is the reason we are embarking on a critical minerals security program,” he said in a speech.

“Currently, we are A, not able to keep up with the demand, and B, the ability of manufacturing these critical minerals is concentrated in one single country or two,” he said.

He did not give further details, but said the program was “inspired by our oil security mechanism”, which requires member countries to hold 90 days’ worth of oil stocks that can be released in the event of global supply disruptions.

China is the main producer for 30 out of 50 critical materials, according to a US Aerospace Industries Association paper last year, and is the world’s top miner and processor of rare earths.

The country last year imposed curbs on exports of gallium and germanium and types of graphite in an effort to protect its dominance in strategic metals.

The IEA’s move comes as countries escalate efforts to cut emissions, requiring ready supplies of critical minerals such as lithium, copper, nickel, cobalt, manganese and graphite used in batteries, and rare earth elements used in wind turbines and electric vehicles.

That new demand has stirred concerns about price volatility and security of supply, and the IEA has warned that even in an electrified, renewables-rich energy system, geopolitics remains a key consideration.

Last July, the agency published its inaugural Critical Minerals Market Review and hosted in September the first-ever international summit on critical minerals and their role in clean energy transitions.

(By America Hernandez and Geert De Clercq; Editing by Jan Harvey)

https://www.mining.com/web/iea-to-launc ... gy-sector/
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Re: Grondstoffen (algemeen)

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KEFI Gold and Copper makes progress with project funding for Tulu Kapi Gold Mine in Ethiopia

Proactive Investors

KEFI Gold and Copper PLC (AIM:KEFI, OTC:KFFLF) executive chairman Harry Anagnostaras-Adams joined Proactive's Stephen Gunnion with an update on the company's Tulu Kapi gold project in Ethiopia following stakeholder meetings at the Mining Indaba in Cape Town last week.

Anagnostaras-Adams detailed the innovative financing structure designed to progress these projects without relying on equity market capital. This approach includes utilizing conventional project finance, engaging mining and processing contractors for risk mitigation, and securing development bank support due to Ethiopia's evolving regulatory landscape.

The financing arrangement marks a pioneering effort in Ethiopia, representing the first internationally financed, bankable project development in the country's private mining sector. This development adheres to the highest International Finance Corporation standards for environmental and social governance, highlighting KEFI's commitment to responsible mining practices.

Furthermore, Anagnostaras-Adams emphasized the importance of community engagement and the meticulous planning required to ensure local support and security. With a comprehensive strategy encompassing physical, legal, and financial preparations, KEFI aims to launch the project in the first half of the year. This ambitious plan involves local capital investment, leveraging multinational subsidiaries in Ethiopia, and navigating the country's regulatory adjustments to facilitate foreign investment.






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Re: Grondstoffen (algemeen)

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Amplats weighs cutting 3,700 jobs after metal prices slump

(Feb 19): Anglo American Platinum Ltd has proposed a restructuring that may affect 3,700 jobs across its South African operations, as plummeting metal prices squeezed profits.

That’s a blow for what has long been one the country’s biggest export industries and is another setback for South Africa’s ruling African National Congress ahead of key elections later this year. The potential cuts could impact about 17% of the workforce at the company known as Amplats, plus more than 600 firms whose contracts with the miner are to be reviewed.

In December, the company’s parent Anglo American plc warned that returns for miners of platinum-group metals were at the lowest level in 30 years. Despite taking steps last year to reposition the business, Amplats chief executive officer Craig Miller said it’s clear they don’t go far enough.

“It is apparent that further measures to create critical resilience and greater competitiveness are needed to sustain the business,” Miller said in a statement on Monday. “These actions are necessary to enable the continued employment of thousands of workers and contractors.”

The price of PGMs — used to curb emissions from gasoline and diesel vehicles — has nosedived since the start of last year due to auto industry destocking and a subdued global economy.

That’s a rapid reversal of fortunes for Amplats and its Johannesburg-based peers. Just two years ago, the firms were declaring bumper earnings as automaker demand pushed the price of rhodium and palladium — metals produced alongside platinum — to record levels.

“The outlook for automotive demand is likely to be flat,” so “prices will probably hover around current levels” this year, Miller said in an interview.

Amplats said profit tumbled 73% to 13 billion rand (US$688 million or RM3.28 billion) last year, from 49.2 billion rand in 2022. The company slashed its dividend by 81% to 21.30 rand per share. The miner’s shares steadied in Johannesburg trading, after falling 25% this year.

Impala Platinum Holdings Ltd and Northam Platinum Holdings Ltd have also flagged a slump in earnings, with the former offering voluntary redundancies. Four month ago, Sibanye Stillwater Ltd said it was entering talks with labour unions over a restructuring that could impact more than 4,000 workers at its platinum mines.

The job losses come just before a crucial election, which could see the ruling ANC lose its outright majority for the first time since the end of White-minority rule in 1994. South Africa’s unemployment rate, including people who were available for work but not looking for a job, stood at 41.2% in the quarter ended Sept. 30.

Amplats said the so-called section 189A process, which is a precursor for the restructuring, involves a consultation period with labour unions and affected employees and will be facilitated by the Commission for Conciliation, Mediation and Arbitration. Only when the consultation process is concluded will the final number of affected jobs be known, the company said.

https://theedgemalaysia.com/node/701434
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Re: Grondstoffen (algemeen)

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Polymetal to sell Russian business for $3.7bn

Polymetal International said on Monday that it has agreed to sell its Russian business to Russian precious metals miner Mangazeya Mining for around $3.69bn.

Shareholders will vote on the deal at the company’s annual meeting in March.

Chief executive Vitaly Nesis said: "The board, the Special Committee and the management team of the group are set to deliver on our commitment to restore shareholder value and re-set Polymetal’s strategy by selling the Russian business of the group.

"A quick, transparent, and sanctions-compliant exit under the terms of the proposed transaction serves the interests of all stakeholders. The completion of the divestment will allow the group to de-risk the company’s business, deliver stable cash flows and pursue new investment opportunities. The board recommends shareholders to vote for the proposed resolution."

If approved, the sale is expected to complete at the end of March and will leave Polymetal free to focus on its operations in Kazakhstan.

https://www.sharecast.com/news/news-and ... 36084.html
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Re: Grondstoffen (algemeen)

Bericht door quince »

Feb. 19, 2024
The Boom in Battery Metals for EVs Is Turning to Bust (The Wall Street Journal) :( (alweer een grote bubbel die barst)
Producers of lithium and nickel pause projects after prices collapse and momentum slows for electric-vehicle sales

When the world’s most valuable lithium company last year announced plans for a $1.3 billion plant in South Carolina, local officials hailed it as transformative for the Palmetto State.
The high-tech project from Charlotte, N.C.-based Albemarle was designed to process different sources of lithium, including from recycled batteries, and serve as a supplier of the critical mineral for South Carolina’s burgeoning electric-vehicle industry.
Less than a year later, those plans have been hobbled by a crash in battery metal prices, undercut by a slowdown in electric-vehicle sales growth in the U.S. and China. Albemarle has deferred spending on the project, amid companywide cost-cutting that includes layoffs and delays to other investments as well.
Producers of lithium and nickel, which are used in lithium-ion batteries for EVs, have been stalling projects and closing mines to save cash after a painfully quick fall in commodity prices. Prices of lithium are down as much as 90% since the start of last year, while the price of nickel has roughly halved.
Swiss mining and trading giant Glencore last week said production would be suspended at an unprofitable nickel mine and processing plant in New Caledonia, a French island group in the Pacific that provides more than 6% of the world’s supply. It will seek a buyer for its stake in the operation, a decision the company attributed to high operating costs and a weak market.

Days later, BHP Group, the world’s biggest miner by market value, said it may need to shutter its Australian nickel business for an unspecified period, cautioning that it doesn’t anticipate a quick market recovery. BHP has supply deals with Tesla and Ford Motor
.
The world is suddenly awash with the metals after producers ramped up new projects to feed the global EV industry when sales of the vehicles have been losing momentum.
Several automakers, including Ford, General Motors and Volvo, are delaying investments and striking a more cautious tone about the outlook for EV consumer demand. British electric-vehicle maker Arrival’s U.K. business filed for bankruptcy this month, citing challenging macroeconomic and market conditions that delayed its products getting to market.

‘The global nickel situation is dire’
(...)
‘The economics aren’t there’
(...)
Z28.310




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Re: Grondstoffen (algemeen)

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EU en Rwanda sluiten partnerschap voor grondstoffen

De Europese Unie en Rwanda hebben maandag een princiepsakkoord gesloten om samen te werken rond de uitbouw van "duurzame" en "veerkrachtige" waardeketens van grondstoffen als tantaal, wolfraam en tin. Dat heeft de Europese Commissie maandag aangekondigd.

De EU wil met Rwanda samenwerken doorheen alle fases van de waardeketens van strategische grondstoffen, van de exploratie en ontginning over de veredeling, verwerking en valorisering tot de recyclage en het afvalbeheer. "Transparantie, traceerbaarheid en investeringen staan centraal in dit partnerschap", zo stelt de Commissie in een persbericht.

Voor de EU moet het partnerschap bijdragen aan "duurzame aanvoer van grondstoffen, in het bijzonder kritieke grondstoffen", een "noodzakelijke voorwaarde" om haar groene ambities waar te maken. Voor Rwanda versterkt het akkoord zijn status als "betrouwbare handelspartner", zo stelde minister van Buitenlandse Zaken Vincent Bruta.

Bruta en Eurocommissaris voor Internationale Partnerschappen Jutta Urpilainen ondertekenden een zogenaamd 'memorandum of understanding'. Dat moet worden vertaald in een wegenkaart met concrete projecten die de komende zes maanden uitgetekend zal worden.

De EU ondertekende in Afrika gelijkaardige akkoorden met de Democratische Republiek Congo, Namibië en Zambia. Ook met Argentinië, Chili, Groenland, Canada, Kazachstan en Oekraïne zijn memoranda over grondstoffen gesloten.

Rwanda heeft de ambitie om tegen 2035 een middeninkomensland te worden. Het stabiele, maar autoritaire regime van president Paul Kagame stimuleert een gunstig investeringsklimaat, maar Kigali wordt ook vaak bekritiseerd voor schendingen van de mensenrechten en de steun voor gewapende groepen die het oosten van buurland Congo destabiliseren.

https://www.msn.com/nl-be/nieuws/politi ... 5e13&ei=60
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Re: Grondstoffen (algemeen)

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Sibanye-Stillwater to cut 2,600 jobs in South Africa

Sibanye-Stillwater (JSE: SSW)(NYSE: SBSW) said on Friday it had reduced the number of planned job cuts across its South African platinum group metal (PGMs) operations to 2,600 after talks with stakeholders, including labour unions.

The precious metals producer kicked off in October a restructuring process at its four loss-making mines that was expected to result in the loss of 4,095 jobs.

Sibanye-Stillwater said the reduction in the number of layoffs was possible thanks to strategic decisions taken in consultation with interested parties. These include going ahead with the announced closure of the Simunye shaft, which ceased production in 2023, as well as keeping the 4 Belt (4B) shaft at Marikana open.

The miner said that the Marikana mine shaft, which employs 1,496 permanent workers and 54 contractors, will only stay in production if it does not run up net losses on a monthly basis.

Two other shafts, Rowland and Siphumelele, which were hit by operational and geological issues, “have been repositioned for sustainable levels of production at a lower cost structure”, Sibanye-Stillwater said.

The Johannesburg-based firm noted that almost 1,300 employees had voluntarily left their jobs or accepted early retirement packages, while 467 people left since September due to “natural attrition”.

The company said earlier this week that it expects to report a 91% loss for 2023 due to multiyear-lows for platinum-group metals prices. It also flagged an impairment of 47.5 billion rand ($2.58 billion).

Palladium and platinum prices decline has driven producers in South Africa, including Sibanye-Stillwater to apply severe cost-cutting measures.

Impala Platinum Holdings has offered voluntary job cuts, including at its deep-level Rustenburg complex, while Anglo American Platinum (Amplats) has announced plans to cut 3,700 jobs after its profit plunged 71% last year.

https://www.mining.com/sibanye-stillwat ... th-africa/
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Re: Grondstoffen (algemeen)

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Canada concerned about critical metals market manipulation, minister says

TORONTO (March 2): Canada is concerned about market manipulation and dumping of key metals used in electric vehicle batteries, a federal Canadian minister told Reuters, adding that the country wants to explore a US-mooted alternative pricing model.

Canada, along with Australia and the US, is looking to develop its critical mineral supply chain to break the monopoly of China, which controls over 90% of key metals that are crucial for energy transition.

"There will be significant incremental demand for critical minerals going forward, but we do have some challenges right now with prices, and clearly, we are concerned about issues relating to market manipulation and dumping," Energy and Natural Resources Minister Jonathan Wilkinson said this week, adding that the concerns are shared by many democratic countries.

Dumping refers to an anti-competitive trade practice when a country exports certain products at a price lower than what is sold in its home country.

The minister said the topic will be discussed during the annual Prospectors and Developers Association of Canada (PDAC) conference in Toronto, one of the world's largest gatherings of mining companies and their financiers, which starts on Sunday.

Wilkinson said there is still some way to go before Canada and its allies solve the issue of dumping, but one of the ideas being discussed is the concept of an alternative pricing mechanism.

The US Department of Defense plans to develop a programme to estimate prices, and predict supplies of critical minerals to boost market transparency.

Wilkinson said Canada does not want to be in a position like Germany, which was reliant on Russia for cheap natural gas.

"We need to find pathways through which we are developing resources outside of Chinese influence."

The mood at the four-day PDAC gathering will be dour, as miners are buffeted by weaker demand and plummeting prices. Prices have fallen by over 70% for lithium and 40% for nickel in the past year, forcing many to cut production and cut jobs.

The S&P TSX Venture Metals and Mining index is down 28% year-on-year.

In Canada, which is home to about 40% of the world's listed mining companies, the slump in battery metal prices has impacted companies' ability to raise funds. Canadian miners say the commodity crash, macroeconomic challenges and the government's increased scrutiny of foreign deals have led to a feeling that Canada is not as attractive a destination for capital formation as it was a few years before.

"I think Canada has lost its shine with regard to capital formation," said Dominique Barker, the chief financial officer of Lithium Royalty Corp, adding that better policy alternatives in countries such as Australia are making them more attractive to investors.

Ottawa's move in 2022 to force three Chinese companies to divest from Canadian listed companies citing national security concerns has cast a shadow on inbound deals in the mining sector.

"The decision [of asking Chinese companies to divest] dissipated or reduced the ability for transactions to occur during a very active phase of fundraising," said Ali Haji, the chief executive officer of ION Energy, a lithium exploration company with a project in Mongolia.

https://theedgemalaysia.com/node/703189
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