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February 10, 2025

Weekly Metals News Digest – Feb 3-7

US Eyes Ukrainian Rare Earths in Exchange for Continued Support US President Donald Trump has expressed interest in securing access to Ukraine’s rare earth metals in return for ongoing American assistance. This proposal aligns with a broader strategy unveiled by Ukrainian President Volodymyr Zelensky, who presented a plan for joint development of Ukraine’s rare earth…
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February 3, 2025

Weekly Metals News Digest – Jan 27-31

First Primary Aluminium Smelter in the US in Nearly 50 Years Century Aluminum has begun construction of a new primary aluminium smelter, marking the first such facility built in the US in 45 years. While the exact location has yet to be determined, the company is considering sites near the Ohio or Mississippi rivers. The…
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January 27, 2025

Weekly Metals News Digest- Jan 20-24

The Global Zinc Market Enters an Era of Surplus The global zinc market is poised for a surplus of 270,000 tonnes in 2025, following a deficit of 184,000 tonnes in 2024. This surplus is expected to exert downward pressure on zinc prices, which BMI forecasts will decline by 5.8% in 2025 to an average of…
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Nickel

February 6, 2025

Sumitomo Metal Mining Acquires Full Ownership of Coral Bay Nickel Corp

Sumitomo Metal Mining has acquired full ownership of Coral Bay Nickel (CBNC) after purchasing the remaining shares from Nickel Asia (NAC). In a stock exchange filing on Monday, NAC confirmed it signed a Special Purchase Agreement to sell its 15.625% stake in CBNC to Sumitomo. Prior to the transaction, Sumitomo already held an 84.38% majority…
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February 6, 2025

Trump’s Reversal of EV Incentives Raises Concerns Over Indonesia’s Nickel Sector and China’s Influence

U.S. President Donald Trump’s decision to revoke electric vehicle (EV) incentives has sparked concerns about its potential impact on Indonesia’s nickel industry and the growing dominance of Chinese firms in the Southeast Asian nation’s EV supply chain. Trump targeted EVs immediately after taking office on January 20, overturning a 2021 executive order by former President…
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Platinum

February 7, 2025

Anglo American Targets Mid-Year Completion for Amplats Unbundling

Anglo American plans to finalize the unbundling and London listing of Anglo American Platinum (Amplats) by mid-2025, while the timeline for divesting its 85% stake in De Beers remains uncertain. The company is progressing with its restructuring strategy, which began last year following BHP’s unsuccessful takeover attempt. CEO Duncan Wanblad emphasized that Anglo is focused…
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February 5, 2025

Podium Minerals Joins World Platinum Investment Council

Podium Minerals Limited has become the first Australian PGM developer to join the World Platinum Investment Council (WPIC) as a pre-production member. The WPIC, founded by leading platinum group metals (PGM) miners and producers, serves as a global authority on platinum market intelligence and investment. As a member, Podium will gain access to WPIC’s extensive…
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January 28, 2025

Scientists Uncover Cause of Platinum Electrode Corrosion

A team from Leiden University and the SLAC National Accelerator Laboratory has identified the root cause of platinum electrode corrosion, a discovery that could enhance green hydrogen production and improve electrochemical sensors. The findings were published in Nature Materials. While platinum is known for its durability, the study revealed that negatively polarized platinum electrodes degrade…
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Palladium

January 26, 2025

Gold and Silver Investors Face Volatility Amid 2025 Geopolitical Uncertainties

Investors in gold and silver may need patience in 2025 as the geopolitical landscape continues to drive market uncertainty. Saxo Bank, in a January 10 note, highlighted the challenges ahead, citing a “tug-of-war” between rising yields, delayed rate cut expectations, and dollar fluctuations, which are expected to contribute to increased volatility compared to 2024. Gold…
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January 21, 2025

Anglo American Platinum Maintains Competitive Edge Amid PGM Market Fluctuations

Anglo American Platinum (ANGPY) has emerged as a standout player in the global platinum-group metals (PGM) mining industry. Despite market volatility and a downturn in PGM prices, the company has consistently maintained profitability, distinguishing itself from competitors. ANGPY holds the largest PGM mineral resources worldwide, operates cost-efficient facilities, and has demonstrated prudent management in navigating…
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December 24, 2024

Nornickel Aims to Expand Palladium Demand with Innovative Applications

Nornickel, one of the world’s largest palladium producers, is working to broaden global demand for the metal by promoting innovative applications, addressing the anticipated decline in its use within internal combustion engine vehicles. The company, which produces more than 80 tonnes of palladium annually, foresees a long-term plateau in automotive industry demand—currently responsible for over…
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