The United States and Japan have agreed to jointly develop rare earths, lithium, and copper through the participation of companies from both nations in joint projects, such as the Japanese firms Mitsubishi Materials and Mitsui & Co.

 

Ver esta publicación en Instagram

 

Una publicación compartida por N Digital (@ndigitalmultimedia)

According to information published Tuesday in the Nikkei business daily, projects include “a rare earth refining operation in Indiana and the development of a lithium mine in North Carolina.”

The initiative represents a new effort by the countries “to secure supply chains for critical minerals,” which are key in the defense technology sector, as well as in semiconductors and renewable energy components.

M.Pino

Source: investing

(Reference image source: MiningWatch Portugal on Unsplash)

Follow our news on Google! For current, interesting, and accurate information, click here to see all the content on Bitfinance.news. You can also find us on X/Twitter and Instagram

La entrada Japan and the US agree to joint development of rare earths, lithium, and copper apareció primero en Bitfinance.

One of the world’s largest gold and copper deposits could be located between Argentina and Chile, according to reports from Lunding Mining (Canada) and BHP (Australia), which together make up the Vicuña mining company.

Both companies, which are involved in the Filo del Sol and Josemaría projects, indicated in a statement this Monday that one of the world’s largest copper, gold, and silver deposits has been identified on the border between the two countries. Vicuña noted that “the new resource evaluation at Filo del Sol and Joemaría consolidates the project’s position as one of the largest copper-gold-silver deposits in the world.”

Both projects are located in the Argentine province of San Juan (west), “although part of Filo del Sol also extends into the Chilean Atacama region.”

It is important to note that Vicuña is among the top ten districts in copper mineral resources worldwide, “with 12.8 million tons of measured copper and 25.1 million tons of inferred copper. It also contains 32.2 million ounces of measured gold and 48.7 million ounces of inferred gold, and 659 million ounces of measured silver and 808 million ounces of inferred gold.”

M.Pino

Source: swissinfo

(Reference image: Jingming Pan en Unsplash)

Visit our news channel on Google News and follow us to get accurate, interesting information and stay up to date with everything. You can also see our daily content on X/Twitter and Instagram

La entrada One of the world’s largest copper and gold deposits discovered between Argentina and Chile apareció primero en Bitfinance.

The increase in the prices of items such as cocoa and coffee, together with the hydrocarbon sector, has maintained a good rhythm of the markets in Latin America, despite declines in the value of wheat and corn.

According to the Bloomberg Commodities Spot Index, which analyzes future contracts for 24 items, including food and raw materials, as well as minerals and hydrocarbons, an increase of 5 % was experienced in the first half. The products that gave the greatest impetus to commodity trading and generated profits for investors were coffee, cocoa and oil.

Cocoa, although down from its peak in April, overall rose in value 84% from January to June. For its part, coffee, a key product in the region’s markets, reached a price increase of 22.3 %, leading Bloomberg’s list of the 24 products in the basket analyzed.

In contrast, wheat and corn futures contracts suffered losses in the first half (8.88% and 12.73 %, respectively). One of the main reasons for this decline in the price of corn is the effect of climate change in the United States; and in the case of wheat, as a consequence of the Russia-Ukraine conflict.

Oil and copper price increased from January to June

With respect to oil, this main source of energy and key in the economies of Latin America, the benchmark WTI crude oil experienced an increase between January and June of 16 %, and it is expected that together with Brent crude oil, prices will average in the second half barrel of $80 and $84, respectively.

The last step in the commodities section is occupied by copper, with gains that represent an increase of 15.4 %. Credicorp Capital’s projections suggest that demand for this mineral, with China as the main market (50 % of world production), will double by 2035.

M.Pino

With information from BloombegLínea

(Main reference image source: Elle inlom in Unsplash)

Visit our news channel on Google News and follow us to get accurate, interesting information and stay up to date with everything. You can also see our daily content on Twitter and Instagram

La entrada Latin America: cocoa, coffee and hydrocarbons boosted the market in the first half apareció primero en Bitfinance.

According to the Latin American Energy Organization (Olade), Latin America and the Caribbean will have to double its copper production and tenfold its lithium production over the next 20 years to meet global demand for these two minerals essential for the energy transition and achieve the global goal of net-zero carbon emissions by 2050.

This is the result of a Study on the Situation of Critical Minerals Needed for Energy Transitions Processes in Latin America and the Caribbean, which was released on Thursday.

The production of critical minerals in Latin America is currently about US$ 180 billion, representing 25 % of the global market, which is about US$ 700 billion.

The most important minerals are copper, with $ 70 billion; iron, with $ 50 billion; gold, with $30 billion; and silver, with $10 billion. Currently, Latin America has 45 % of world copper production and 38% of reserves, as well as 29 % of global lithium production and 61 % of reserves.

It also has 48 % of world silver production and 39 % of silver reserves, and 38 % of molybdenum production and reserves.

Chile, Peru and Mexico: leaders in copper production By country, Chile is the world’s largest producer of copper, the second-largest producer of molybdenum and the third-largest producer of lithium, while Peru is the world’s second-largest producer of copper, tin and zinc, and the third-largest producer of silver. In addition, Mexico is the world’s largest producer of silver and Brazil is the third-largest producer of iron.

K. Tovar

Source: Bancaynegocios

(Image source: Ra Dragon, Unsplash)

Visit our news channel on Google News and follow us to get accurate, interesting information and stay up to date with everything. You can also see our daily content on Twitter and Instagram

La entrada Latin America must increase its copper production apareció primero en Bitfinance.