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Weekly Metals News Digest - April 21-25
April 28, 2025

Weekly Metals News Digest – April 21-25

Indonesia changes taxation on mineral extraction The Indonesian government has introduced a new approach to mineral extraction taxation, now tying royalty rates to market prices. This system, which is expected to come into force soon, replaces the previous fixed rate for nickel ore mining with a sliding scale ranging from 14% to 19%, depending on…
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April 21, 2025

Weekly Metals News Digest – April 14-18

Global Zinc Market Falls into Pessimism Zinc prices on the London Metal Exchange have continued their downward trend since early March, currently stabilising at around $2,600 per tonne. This prolonged decline underscores growing pessimism among global market participants, who are increasingly concerned about the widening imbalance between supply and demand. One of the main contributing…
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April 15, 2025

Weekly Metals News Digest – April 7-11

China Strikes Back at the U.S. with Rare Earth Export Controls Chinese authorities have announced stricter export regulations covering seven strategic rare earth elements: scandium, dysprosium, gadolinium, terbium, lutetium, samarium, and yttrium. Under the updated measures, companies must obtain special export licences from the Ministry of Commerce. Applicants must justify the intended usage of the…
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Nickel

April 24, 2025

Nornickel Maintains Stable Metal Output in Q1 2025 Amid Market Turbulence

Nornickel, one of the world’s largest producers of nickel and palladium, maintained stable production in the first quarter of 2025, with only marginal declines in most key metals despite persistent headwinds in the global metals market. The company reported a 1.1% year-on-year decrease in nickel output to 41.6 thousand tonnes, a 0.4% dip in copper…
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April 22, 2025

Turkish Billionaire Robert Yuksel Yildirim Launches $2 Billion Nickel Acquisition Drive to Challenge China’s Market Dominance

Turkish billionaire Robert Yuksel Yildirim is embarking on an ambitious $2 billion campaign to acquire nickel mines worldwide, positioning his new venture, CoreX Holding, to benefit from a future rebound in nickel prices and to offer Western buyers an alternative to Chinese-dominated supply chains. Yildirim, who previously built his fortune in chrome and shipping through…
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April 21, 2025

Indonesia Revises Metal Royalties to Tie Rates to Market Prices

Indonesia has enacted a new royalty framework for metal producers, linking levies to commodity prices in a bid to boost state revenue for key government initiatives. The updated rules were outlined in a regulation document issued on April 11 and take effect 15 days after registration. Under the changes, the previous fixed 10% royalty on…
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Platinum

April 15, 2025

Platinum Group Metals Explores Local Smelter in South Africa Amid Beneficiation Push

Canadian miner Platinum Group Metals (PTM) is considering building a converter matte furnace in South Africa to process concentrate from its proposed Waterberg platinum mine, following pressure from the South African government to prioritize local beneficiation. This shift comes after PTM’s initial plan to export concentrate to a Saudi Arabian smelter faced resistance over national…
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April 14, 2025

Jubilee Metals Partners to Process Surplus PGM Feedstock in South Africa

Jubilee Metals Group has announced a partnership with a South African platinum group metals (PGM) producer to address the growing stockpile of PGM-bearing material at its operations. The agreement, revealed on April 9, 2025, will facilitate the processing of at least 18,000 tons of surplus material per month, with the potential to increase deliveries to…
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April 14, 2025

African Rainbow Minerals Reshuffles Leadership Amid Platinum Division Losses

African Rainbow Minerals (ARM) has announced the removal of Thando Mkatshana as CEO of its struggling platinum division following eight years in the role. The leadership change comes after ARM Platinum reported a headline loss of R689 million ($37 million) for the six months ending December 2024, more than double the loss recorded during the…
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Palladium

April 15, 2025

Russian Scientists Develop Palladium-Carbon Nanocomposites for Efficient Electrochemical Devices

Researchers from the Krasnoyarsk Scientific Centre and Siberian Federal University have developed new palladium-carbon nanocomposite materials with enhanced electrochemical properties, according to the Siberian Branch of the Russian Academy of Sciences. The materials, synthesized using plasma chemical techniques, show promise for applications in fuel cells, batteries, and other electrochemical devices due to their improved reaction…
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March 14, 2025

Arctic Miner Promotes Palladium Glass Fibre Application Amid Sour Market

Russia’s Nornickel, the world’s top supplier of palladium, a metal mainly used in car manufacturing, is pushing to expand its industrial applications as demand from automakers decline. In collaboration with the Krasnoyarsk Non-Ferrous Metals Plant, Russian state-owned refinery, and with support from the Chinese Precious Metals Committee, the company introduced palladium-based bushings as an alternative…
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March 13, 2025

Rhodium Prices Surge to Highest Levels Since 2023 Amid Supply Constraints

Spot rhodium prices have climbed to their highest levels in 20 months, driven by increased buying interest from Anglo American Platinum (Amplats) and tight first-quarter supply from South Africa. Prices have risen 20% this month, breaking above $5,000 per troy ounce before reaching $6,040 on Tuesday—the highest since June 2023—before retreating to $5,640 on Wednesday….
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