News in Numbers
Analysts expect a 15% contraction in global platinum production resulting from power outages in South Africa, where 75% of the world’s metal is mined.
India’s Ministry of Coal expects to save $550m by reducing the import of foreign heavy-duty mining gear.
Albemarle plans to add to processing trains to its Western Australia lithium hydroxide refinery, expanding its capacity to 100,000 tonnes.
The Indian Government will close approximately 30 coal mines in the next three years to create forests and water bodies, said Union Secretary of Coal Amrit Lal Meena.
Ahead of creating a new gold-backed digital currency, the governor of Zimbabwe’s central bank said that the country holds 350kg of gold in reserves.