Global Battery Alliance, where ERG is a Founding Member, Launches World’s First Battery Passport Proof of Concept
Eurasian Resources Group to invest USD 230m in building the most powerful wind power plant in Aktobe, Kazakhstan
Eurasian Resources Group upgraded by S&P to ‘B’ on strong performance and reduced debt; outlook is stable
ERG’s Metalkol Wins Three Awards for Galvanising and Mentoring Women in the Democratic Republic of the Congo
ERG’s inaugural Group-wide Youth Forum convenes together young production manufacturers and plant managers from Africa, Brazil, Kazakhstan and Europe
ERG carries out exploration works in Kazakhstan, commences drilling at an additional site in the Aktobe Region
Eurasian Resources Group signs agreement to complete and operate a stretch of the FIOL railway in Brazil, proceeds to create a new logistics corridor
Sber and Eurasian Resources Group to develop ESG standards for the mining and metals industry
Eurasian Resources Group issues its Action Pledge in support of the United Nation’s International Year for the Elimination of Child Labour
ERG congratulates Good Shepherd International Foundation, winner of Thomson Reuters Foundation’s Stop Slavery Hero Award 2021
Com grande pesar, anunciamos que no dia 3 de fevereiro de 2021, o Sr. Alijan Ibragimov, um dos fundadores do ERG e membro do Conselho Administrativo, faleceu aos 67 anos.
ERG’s Kazakhstan Aluminium Smelter increases aluminium production on soaring domestic and European demand
Eurasian Resources Group’s Metalkol RTR Commits to Responsible Minerals Assurance Process
Mr Alijan Ibragimov, shareholder of ERG, was awarded for his contribution to the fight against COVID-19
Eurasian Resources Group (ERG) allocates $US 5 million to help residents of Turkestan region in Kazakhstan
COVID-19: Os Principais Diretores da Eurasian Resources Group Decidiram Reduzir Temporariamente seus Salários em 30%
Eurasian Resources Group implements global preventive measures to ensure the smooth running of operations and the safety of its people amidst the COVID-19 virus outbreak; takes appropriate action and plans for the future
Davos, 2020: Eurasian Resources Group among 42 world-leading organisations to agree 10 key principles to foster a sustainable battery value chain, part of the Global Battery Alliance’s 2030 vision
Eurasian Resources Group joins innovative organisations to support the NewSpace Europe 2019 in Luxembourg
Eurasian Resources Group becomes a Platinum partner of flagship Mining Space Summit in Luxembourg
ERG became the first industrial company in Kazakhstan to support the international Green Office Project
Eurasian Resources Group presents the results of its Student Entrepreneurship Ecosystem programme
Eurasian Resources Group acts as a general sponsor of the World Team Chess Championship in Kazakhstan
Eurasian Resources Group secures electricity supply for its copper operation at Frontier Mine in the DRC
ERG’s Metalkol signs a ten-year agreement to secure electricity supply to its cobalt and copper operations in the DRC
Eurasian Resources Group atualizado para 'B' pela S&P, após resultados mais fortes; outlook positivo
Eurasian Resources Group adquire uma participação no controle da JSC 3-Energoortalyk, que possui uma usina termelétrica no Cazaquistão
Eurasian Resources Group aumenta sua produção de alumínio em 7,8%, entregando 254 kt em 2017
Eurasian Resources Group lança uma "Smart Mine" para o seu complexo de produção de minério de ferro no Cazaquistão
O Eurasian Resources Group divulga os principais indicadores de sustentabilidade para 2016; destaca US$ 56 milhões em investimentos sociais comunitários e uma economia de US$ 440 milhões
Eurasian Resources Group melhora os termos de financiamento para suprimentos de minério de ferro fornecido pelo Eurasian Development Bank
Instalação de processamento de escória será construída na fábrica de ligas de ferro de Aksu
O Eurasian Resources Group é um Parceiro Diamante do Pavilhão Nacional do do Grão-Ducado de Luxemburgo na EXPO 2017 em Astana
O Eurasian Resources Group melhora o desempenho de sua mina fronteiriça, na República Democrática do Congo, produzindo mais de 107kt de cobre em 2016
Oficiais internacionais discutiram os desafios futuros da indústria de cromo e visitaram a nova fábrica de ligas de ferro do ERG, em Aktobe, como parte da conferência da Reunião de Membros da ICDA, no Cazaquistão
O Eurasian Resources Group implementará um sistema de gestão inovador para o transporte ferroviário de cargas entre a Rússia e o Cazaquistão
Eurasian Resources Group melhora o desempenho de sua Kazakhstan Aluminium Smelter (Fundi??o de Alum?nio do Cazaquist?o) para produzir mais de 235.000 toneladas de alum?nio prim?rio em 2016
ERG realiza apresenta??o na maior confer?ncia da ind?stria de minera??o, no Brasil: define o curso para o desenvolvimento da BAMIN, al?m de discutir as principais tend?ncias tecnol?gicas
O Eurasian Resources Group realiza opera??o de aquisi??o de 100% da Africo Resources Limited
O ERG considera novos investimentos no Cazaquist?o, contribui para o di?logo sobre a integra??o euro-asi?tica no F?rum Econ?mico de Astana
O Eurasian Resources Group ajuda a consolidar os la?os entre a Europa e a China atrav?s da miss?o econ?mica do Luxemburgo
O Eurasian Resources Group re?ne com o Primeiro-Ministro da Rep?blica da China, revela projetos conjuntos e iniciativas no setor metal?rgico e mineiro e infraestruturas
Reuters from Davos: Commodities in 'perfect storm' says ERG, as crisis starts super cycle
S&P (Platts): Metals industry needs regulation or framework to make 'green' sales viable: miners
SPIEF official magazine. Alexander Machkevitch: “Digital progress, clean energy, and ethical growth will facilitate the transition to the economy of the future”
Global Mining Review: Q&A from ERG on the role of mining in shaping the global economy post-pandemic
S&P Global FEATURE: Vertical integration, digitization needed for EV battery supply train traceability
Edie - UK businesses betting on the future of e-mobility should think about batteries today
Merkur (Luxembourg) - Covid-19: Eurasian Resources Group’s Top Managers Have Offered to Take a Temporary 30% Reduction in their Salaries
CNBC Africa - Eurasian Resources CEO reveals the biggest purchase order for the mining industry & how Africa stands to benefit
CNBC Africa - Eurasian Resources CEO: Why we are excited about Africa’s investment potential
International Mining - ERG says miners need to commit to greenfield copper projects to avoid looming shortages
Metal Bulletin - INTERVIEW: Cobalt market needs representative pricing for intermediates - Southgate
Reuters - China's Nanjing Hanrui can't be sure its cobalt did not involve child labour 12 December 2017
Mining Weekly - Electric vehicle revolution a rare investment opportunity as metals demand spikes
Coal International - Eurasian Resources Group’s Shubarkol Komir increases coal output by a third in the first nine months of 2017
S&P Global Platts - Eurasian Resources Group sees iron ore prices at $55-$65/dmt for one year
Sustainable Brands - Global Battery Alliance Aims to Eliminate Human, Environmental Toll of Global Battery Supply Chain
International Mining - ERG starts new chrome mine in Kazakhstan and hikes Frontier’s DRC copper output
Mining Review Africa - Eurasian Resources Group improves performance at its Frontier mine
Eurasian Resources Group pretende acabar com o trabalho infantil nas minas da África (transcrição da entrevista do Sr. Sobotka para CNBC em Davos)
Eurasian Resources Group: Outlook for cobalt and copper markets for 2017 and beyond
Benedikt Sobotka, CEO of Eurasian Resources Group (ERG), one of the world’s leading diversified natural resources groups, makes a mid-year review of the cobalt and copper markets and outlines what the future holds for the two metals.
Cobalt: ERG’s RTR project will help ease deficit, but market will remain supply constrained
Cobalt has had a phenomenal year. By the end of June, the price was up 93% YTD and this upward trajectory has continued in July and into August (Metal Bulletin). The demand story remains strong. Tesla made electric cars desirable and is now entering the mass production segment with the long-awaited Model 3. Most traditional car manufacturers have caught on, and those that have not will soon realise that the future lies in hybrid and plug-in battery electric vehicles.
The pressure to act quickly is mounting as an increasing number of cities worldwide are cracking down on vehicle emissions and noise pollution. Both France and the United Kingdom have proposed bans on the sale of petrol and diesel cars by 2040.
Global cobalt demand is set to expand by a compound annual growth rate (CAGR) of 8% to 2025, with the rechargeable battery sector accounting for the majority of this growth, with a CAGR of 11%. The battery sector, in turn, will be led by demand from the battery electric vehicle (BEV) market, which is forecast to see a CAGR of 26%. Mined cobalt demand is forecast to increase from 99,600 tonnes in 2016 to 191,000 tonnes in 2025 (ERG Market Intelligence).
Improved battery technology and lower cobalt utilisation is a threat, but it is far outweighed by the sheer number of electric vehicles (EVs) being produced. Last year saw global sales of 2.9m EV units. By 2026, sales are estimated to reach nearly 30m units (LMC Automotive / Note: Includes hybrid vehicles). Sales of more cobalt intensive full battery electric vehicles will rise from around 450,000 units in 2016 to 6.5m units in 2026 (LMC Automotive).
ERG Market Intelligence estimates a cobalt market deficit of almost 7,000 tonnes in 2017, which has helped drive the price increases over the past 6-9 months. The launch of ERG’s Project Roan Tailings Reclamation (RTR) will help ease this deficit, but the cobalt market will remain supply constrained over the next decade. We estimate that even with the current pipeline of advanced projects, the world has to find another 53,000 tonnes of cobalt per annum by 2025 to fill the gap.
With increasing pressure to eliminate unethical cobalt from the value chain, it is paramount that new ethical supply comes on line. As cobalt producers thought to sponsor child labour directly or indirectly are put under increasing scrutiny, this material will become unmarketable, creating an even greater market deficit. ERG’s Metalkol Project RTR will operate under strict controls to produce ethical cobalt, and we intend to manage the flow of our material throughout the value chain to ensure that it is not mixed at any stage with unethical cobalt. Meanwhile, ERG helps develop the local communities surrounding our operations in the Democratic Republic of the Congo by sponsoring housing, education and local businesses.
Copper: China defies the sceptics, while fundamentals paint a very positive picture longer term
Copper prices were resilient in H1 2017, dispelling concerns that the red metal became overpriced in late-2016 on what some considered as ill-founded optimism. Even as key mine disruptions ended and China rolled out new capital control measures, prices remained within the new trading range of approximately USD 5,400-6,200/t that was established between December and February.
H2 2017 started with a bang as consensus-beating macroeconomic data emerged for China, catching the sceptics off guard yet again and propelling copper prices to a 2-year high. Overall, we expect China’s refined copper consumption to grow at a healthy pace of 4.5% this year (ERG Market Intelligence), supported by better than expected performance in the construction and appliances sectors. We will undoubtedly see consensus forecasts upgraded in the coming weeks.
In the longer term, the Belt and Road Initiative, China’s investment into copper-hungry renewable energy, and the potential for infrastructure investment in the US could all outperform analysts’ expectations. One area that we are monitoring particularly closely is how the EV revolution will affect demand. EVs use 2-3 times more copper than conventional internal combustion engine vehicles and a recent study commissioned by the ICA suggested that the sector’s copper consumption may increase from 185kt this year to 1.7Mt in 10 years’ time (International Copper Association/IDTechEx), or close to 10% of total demand.
On the supply side, we estimate that copper mine output will fall by 3.4% this year (ERG Market Intelligence), the first contraction in 15 years, culminating in a moderate refined market deficit of around 150kt (ERG Market Intelligence). There are no major projects due on stream this year and the threat of further mine disruptions looms, with more than 1.5Mt of mine capacity under threat of strikes before the year-end (CRU Group).
Longer term, we maintain our long-held view that the copper market is moving into a period of structural supply-driven market deficits from 2019. Following years of underinvestment, the pipeline of advanced mine projects is nearing exhaustion and will be unable to counteract declining output from existing capacity for long. Overall, we expect total refined copper supply to increase at a CAGR of just 1.3% in the next five years (ERG Market Intelligence), well below the 1.9% CAGR we foresee in consumption (ERG Market Intelligence). We estimate that this will result in a cumulative shortfall of almost 0.9Mt of refined metal during 2019-2112.
For these reasons, we reaffirm our positive outlook for copper in the coming months and years.