Photo of Run the Jewels performing at Life Is Beautiful Festival 2015, by Jeff Kravitz/FilmMagic

Run the Jewels' upcoming new album if "halfway done," according to El-P, who provided fans with a brief update on Monday.

"The goal of a 2016 release is achievable and a safer, more profitable global economy in our grasp," he tweeted after having shared another clip from the album, which is commonly referred to as Run the Jewels 3 or RTJ3.

He also added: "I would also like to report that @KillerMike and myself can apparently smoke almost a half pound of weed in 2 weeks, shocking even myself."