Vale Indonesia, the Jakarta-listed nickel miner 60 percent owned by Vale Base Metals and state holding MIND ID, plans to raise US $500 million in early 2026 from a syndicate of local and international banks and a further US $500-700 million via bonds in 2027, chief financial officer Andaru Brahmono Adi told investors in Jakarta....
READ MOREBHP, the diversified mining group, and Lifezone Metals, a Tanzania-focused refinery and technology developer, have agreed that Lifezone will acquire BHP’s entire 17 percent interest in the Kabanga nickel project for deferred consideration of up to $83 million. The transaction, announced on Friday, will lift Lifezone’s holding to 84 percent, with the Tanzanian government retaining...
READ MOREChina’s General Administration of Customs, the national trade monitor, said imports of unwrought aluminium and products reached 300,000 t in June, up 24.1 % from a year earlier, while bauxite arrivals soared 36.2 % to 18.12 Mt, underscoring the pull from smelters ramping output to multi-year highs. Smelter Restarts and Arbitrage Fuel Metal Flows Restarts...
READ MOREAlcoa, United States-based aluminium producer, and Ignis EQT, Spanish renewable-energy developer, have resumed the phased restart of the 228,000-tonne-per-year San Cibrao smelter in Galicia after securing government assurances that April’s nationwide power outage will not recur. The partners now expect the plant to remain loss-making to the tune of €77–94 million ($89–109 million) in 2025...
READ MOREAterian, a London-listed critical-minerals explorer, and Rio Tinto, the world’s second-largest miner, have reported high-grade lithium hits at their Kinunga joint-venture project in Rwanda, including 3.2 % Li over 3.5 m and 2.1 % Li over 6.9 m. The results, from the first two of 12 planned targets, prompted Rio Tinto to exercise a Stage-1...
READ MORESumitomo, Japanese trading house and majority owner of Madagascar’s Ambatovy nickel and cobalt operation, kept its full-year production forecast in the “mid-30,000-ton” range after reporting about 7,000 tonnes of nickel in the first quarter of the current fiscal year—down from roughly 8,000 tonnes a year earlier—as operations recovered from a precautionary pipeline inspection. The company...
READ MOREAdani Enterprises, a diversified Indian conglomerate, has started processing ores at its new Kutch Copper smelter in Gujarat, India, after facing multiple delays. The facility, designed to be one of the world’s largest single-location smelters, commences operations at a time of unprecedented tightness in the global market for copper concentrate, the raw material it needs...
READ MOREThe government of Kazakhstan is implementing measures under its 2021 Law “On Industrial Policy” to boost domestic manufacturing by supplying local enterprises with raw materials at subsidized prices. This initiative has led to a significant increase in the processing of base metals, including a twofold rise in primary aluminum processing to 57,000 tonnes in 2024,...
READ MOREHindalco Industries, India’s largest aluminium producer and metals flagship of the Aditya Birla Group, has acquired AluChem Companies, a US specialty alumina manufacturer operating since 1978, for $125 million as part of a broader strategy to capture growing demand from electric vehicle and semiconductor industries. The transaction provides the Indian metals giant with 60,000 tonnes...
READ MOREShuka Minerals, a UK-based mining company with a secondary listing on the JSE, has completed regulatory approvals to acquire Leopard Exploration and Mining, which controls the historic Kabwe Zinc Mine in central Zambia. The transaction, valued at $4.35 million through a combination of 28.6 million shares and $1.35 million cash, represents a significant gamble on...
READ MORELondon Metal Exchange copper has posted a 12% gain through the first half of 2025, outperformed only by volatile tin markets, as US President Donald Trump’s trade investigation launched in February created substantial price differentials between American and international markets. The CME copper contract currently trades at a $1,200 per metric ton premium over LME...
READ MOREContemporary Amperex Technology, China’s largest battery manufacturer, has commenced construction of an integrated battery production facility in Indonesia through a joint venture with Indonesia Battery Corporation and state-owned PT Aneka Tambang. The project targets initial production capacity of 6.9 gigawatt-hours by late 2026, expanding to 15 GWh for electric vehicle applications, while Indonesian officials suggest...
READ MOREChinese mining companies have intensified investments across Africa’s copper-producing regions as Western nations implement restrictions on Chinese access to critical mineral assets, with the Democratic Republic of Congo emerging as the world’s second-largest copper producer through predominantly Chinese-backed operations. The strategic shift reflects China’s efforts to secure copper supplies essential for renewable energy infrastructure and...
READ MORENornickel, Russia’s largest metals company and the world’s leading producer of refined nickel and palladium, has deployed QR code tracking technology at its Kola Mining and Metallurgical Company facility in Russia’s Murmansk region, enabling customers to access basic product information through mobile scanning. The system provides batch identification, weight data, and manufacturing details for the...
READ MOREThe United Kingdom’s lithium carbonate market is positioned for gradual recovery following two consecutive years of declining consumption, with industry forecasts projecting growth to 1,300 tonnes and $16 million by 2035. This modest expansion occurs within a broader global context of supply chain restructuring and technological innovation, highlighted by Rio Tinto’s $2.5 billion investment in...
READ MOREHindustan Copper, India’s only integrated copper mining company, has launched an expansion program to increase its ore production capacity from 3.75 million tonnes per annum to 12.2 MTPA by fiscal year 2030. The state-owned enterprise plans to invest Rs 2,000 crore ($238 million) over the next five years through internal funding to scale operations across...
READ MOREPresident Donald Trump has confirmed on July 9th that the United States will apply 50% tariffs to all imports of copper starting August 1st, after what he called a “robust national security assessment”. The news initiated the biggest one-day copper price rise in recorded history, with New York Comex futures jumping 17% before closing 2.6%...
READ MOREPolyus, Russia’s biggest gold miner, and Nornickel, the world’s leading palladium supplier, have quietly stepped up deliveries of gold- and silver-rich ores to China, pushing first-half exports of precious-metal materials to about $1 billion—an 80 per cent jump from a year ago, Chinese customs data collated by Bloomberg show. The shift underscores how Western sanctions...
READ MOREAurubis, copper and precious metals recycler, is betting on a €740 million ($868 million) investment in Richmond, Georgia to accelerate earnings from fiscal 2026/27 after start-up losses, while guiding current-year operating pre-tax profit to the middle of a €300–€400 million ($352–$469 million) range. The first Richmond module is due to start in September 2024, with...
READ MORETeck Resources has approved the expansion of its Highland Valley Copper mine in British Columbia, pushing planned mine life out from 2028 to 2046. Average annual production is projected at 132,000 tonnes of copper. The project carries a capital cost of C$2.1–C$2.4 billion (US$1.54–1.76 billion), to be spent between late 2025 and 2028, with full...
READ MORERio Tinto, diversified miner, is assessing options for its titanium business after a prolonged price downturn and lower returns, according to people familiar with the process, as Simon Trott, iron ore chief, prepares to take over as chief executive on 25 August. The titanium operation sits in Rio’s Minerals division, which reported underlying EBITDA of...
READ MORESibanye-Stillwater, diversified precious-metals producer and recycler, has agreed to acquire Metallix Refining, a US-based processor of industrial waste streams, for a cash consideration of $82 million and an enterprise value of $105 million. The seller’s headline rand figure of R1.45 billion equates to about $81.2 million at today’s rate, broadly in line with the dollar...
READ MORENornickel, Russian producer of nickel and palladium, has lowered its 2025 output guidance across all key metals after first-half production fell 2–6% year on year amid installation and calibration of domestic mining and processing equipment. First-half nickel output declined 4% to 86,850 tonnes, copper slipped 2% to 213,189 tonnes, palladium fell 5% to almost 1.4...
READ MOREUral Mining and Metallurgical Company, Russian copper and zinc producer, and Andrey Kozitsyn, its long-time former chief, have reunited at the top: registry filings show Kozitsyn resumed the CEO role on July 3, 2025, three years after stepping down ahead of his EU designation in 2022. The leadership change follows a 2024 EU General Court...
READ MORE
