A steady decline in prices of key metals such as lithium and platinum group of metals since early 2022, fuelled by slowing economic activities in China and other advanced economies, is threatening the profitability and viability of local mining projects, Business Weekly can reveal. By Martin Kadzere So distressing is the situation to the extent…
The World Bank’s Metal and Minerals Price Index recovered in January 2023, up nearly 20 percent from October 2022, but remains below its March 2022 peak.
The World Bank’s Metals and Minerals Price Index stabilized toward the end of 2021 but remains more than 35 percent higher than a year earlier. Metal prices have been supported throughout the year by supply curtailments due to energy shortages and.