🌍 The cost of leaching copper oxide ore in the Central African Copperbelt is about to get even more expensive.
In the past few days a number of Middle Eastern Oil refineries have been attacked / closed. In addition, exports through the Strait of Hormuz have ground to a halt.
What has this got to do with leaching copper in one of the world’s largest copper belts ? Sulphur, or more specifically sulphuric acid.
Approximately, 50% of seaborne sulphur is shipped through the Strait of Hormuz.
90% of sulphur imported into Africa is from the Middle East… and therefore passes through the Strait of Hormuz
The central African Copperbelt imports around 2 million tonnes of this sulphur per annum. The sulphur is used in local sulphur burners to convert into sulphuric acid, which is used by mining companies for leaching copper out of copper oxide ores. One part of sulphur makes 3 parts of liquid high-strength sulphuric acid. Therefore, 2.0 million tonnes of sulphur produces approximately 6.0 million tonnes of sulphuric acid.
The price of high-strength sulphuric in Kolwezi, on the western edge of the DRC Copperbelt, has been trading near all-time highs of $700-$800/tonne for the past 4-5 months, due to regional export restrictions, higher copper prices, as well as an already tight global sulphur market. This price will rise further.
I have heard that traders are already struggling to source any. Sulphuric acid prices will therefore significantly increase across Africa… and if the disruption lasts longer than ~3 weeks, copper oxide operations will have to close as they’ve run out of acid.
Oxide copper is the dominant ore source of copper produced in DRC… and the DRC is the world’s 2nd largest copper producer.
đź”— Robert Friedland
Police in Winona Minnesota are stunned after every single one of their Flock cameras were suddenly removed in a single night.
According to the police department, all 8 of the town's cameras were cut down and hauled away.
Police are asking for the public's help to identify the individual, but the public has been responding with comments such as:
"The Flock cameras tore themselves down"
"Whoever did it, was fishing with me"
"Whoever it was, was at Bible study with me"
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Nearly 20,000 people are publicly vouching for a man accused of cutting down Flock cameras in a small West Virginia town.
People commented:
"He was saving my neighbor's dog from a fire all day, couldn't be him."
"This man is innocent. I saw him serving at a soup kitchen."
-"Couldn't be him. He was helping me replace the roof on a homeless shelter."
The man, Wesley Jackson, has pleaded Not Guilty.
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🇮🇷🏆🇺🇸 They Saw It Coming
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