The Technoinvest Coalition has again postponed the start of mining and processing projects on the basis of Russia’s largest rare earth metal deposit (Zashikhinskoye), this time to the end of 2023.

These provisions have been postponed since 2014.

It was planned to start construction in 2016 with an annual output of 1 million tons of iron ore, and be completed in 2018.

The construction of these projects will help to meet Russia’s 100% demand for tantalum raw materials and a considerable portion of niobium.

The reserves of Zashikhinskoye deposit in Irkutsk area are estimated to be 33.5 million tons, with high Nb and Ta contents.

The Organization of Petroleum Exporting Countries (OPEC) painted a pessimistic picture for 2019. Global demand for OPEC crude oil is expected to decline this year due to weak demand growth and a sharp rise in the output of oil-producing countries outside the organization, according to London Energy Information.

The monthly oil market report released by OPEC on Tuesday showed that the average daily output of 14 OPEC members in January was 30.81 million barrels, down from 31.6 million barrels in December last year, a decrease of 710,000 barrels per day.

Oil prices have rebounded since falling to a 15-month low in December, with ICE Brent crude trading this week at more than $62 a barrel.

At the last OPEC meeting in Vienna, OPEC Member States agreed to cut oil production by 812,000 barrels a day, while Russia and nine other non-OPEC oil-producing countries pledged to cut oil production by 383,000 barrels a day in the first six months of 2019.

OPEC research expects global demand for its crude oil to average 30.62 million barrels a day in the first half of this year, down about 190,000 barrels from last month. In 2018, the global average demand for OPEC crude oil was 31.6 million barrels per day.

NEW YORK, Feb. 13 – COMEX copper rose Wednesday as prospects for Sino-US trade negotiations were optimistic.

The most active COMEX copper contract for March rose $0.0010 to $2.7730 per pound.

U.S. Treasury Secretary Nuchin said Wednesday that trade talks with China are progressing smoothly. Two of the world’s largest economies are now trying to reach an agreement to settle trade disputes.

The long-standing Sino-US trade dispute is expected to be resolved, helping global stock markets rally for a week on Wednesday.

According to the monitoring of business associations, domestic hydrogen peroxide prices fell sharply in January. At the beginning of the month, the average price of hydrogen peroxide was 860 yuan/ton. At the end of the month, the average price of hydrogen peroxide was 780 yuan/ton. The price fell by 9.3%.

In January, near the Spring Festival holidays, hydrogen peroxide terminal demand performance is not good, large factories are not confident enough to bid, one after another lowered the price of hydrogen peroxide. Hebei Zhengyuan, Xinhua and other manufacturers quoted about 850 yuan/ton at the beginning of the month, which was lowered to 750 yuan/ton at the end of the month. Shandong manufacturers’quotations are relatively stable, Haineng lasts 850 yuan/ton, Luxi’s quotation is 760-780 yuan/ton, and near the end of the month, the volume increases, and the price returns to 780 yuan/ton. Anhui market is mainly weak and stable, lasting 850 yuan/ton.

Business Club hydrogen peroxide analysts believe that after the Spring Festival, hydrogen peroxide is still in the off-season, the market will remain stable.

The Democratic Republic of the Congo (DRC) is the largest copper producer in Africa. Its copper production increased by 12.9% to 1.2 million tons in 2018.

Cobalt production, a key component of batteries for electric vehicles, rose 43.8% to 106,439 tons and gold production increased 22.6% to 28,539 kg.