10 January 2025
10 January 2025
The cuts would constitute a 40% drop from Macquarie’s base case, causing a sharp reduction in the supply of this crucial battery metal.
The company primarily produces potash but derives around one-third of its revenue from lithium extracted from salt lakes in Qinghai.
The completion of this drawdown reflects KfW’s confidence in Almonty’s strategic vision of becoming a leading global producer of tungsten.
Macmahon will provide mining services including drilling, loading, hauling and site development.
The funds will be directed towards drilling, exploration, technical studies and further development of the Cactus copper project in Arizona, US.
The deal, which involves the purchase of Minas de Revuboè (MdR), has been put on hold.
This development supports Mali's broader efforts to secure more revenue from its mining sector.
As the world awaits US tariff plans, countries are rearranging trade relationships according to geopolitical alliances.
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