Zimbabwe’s state-owned Kuvimba Mining House is on track to finalize a $270 million deal with two Chinese companies for its lithium project, CEO Trevor Barnard announced on Monday. The project, centered on the construction of a 600,000 metric tons per year lithium concentrator at the Sandawana mine, continues despite the sharp decline in lithium prices...
READ MORETeck Resources, a Canadian mining company, has announced plans to invest up to $3.9 billion to expand its copper and zinc production. This move reflects Teck’s strategic focus on energy transition metals following the sale of its steelmaking coal business to Glencore in 2024. The company aims to position itself as a major player in...
READ MOREAmerican Pacific Mining (CSE: USGD) has released an updated mineral resource estimate (MRE) for its 100%-owned Palmer volcanogenic massive sulphide project in southeast Alaska, showcasing a significant increase in contained copper compared to the previous estimate from June 2019. The updated MRE includes 4.77 million indicated tonnes at 1.69% copper, 5.17% zinc, 0.14% lead, 28.4...
READ MOREGlobal refined copper production increased by 3.7% year-on-year to 25.11 million tonnes from January to November 2024, while consumption rose by 2.6% to 24.94 million tonnes, according to the International Copper Study Group’s latest report. This resulted in a surplus of 168,000 tonnes of refined copper during the period, a significant turnaround from a deficit...
READ MOREThe Ministry of Industry and Tourism, the Xunta de Galicia, U.S.-based multinational Alcoa, and energy company Ignis have signed a memorandum of understanding (MoU) aimed at ensuring the long-term future of the aluminum plant in San Cibrao, Lugo. The agreement signals a collective commitment to collaborate with the plant’s workers to stabilize operations and prioritize...
READ MORETwo of the world’s largest mining companies, Rio Tinto and Glencore, are reportedly in early-stage discussions about a potential merger valued at an estimated £130 billion. If successful, the deal would create the world’s largest mining company, surpassing current leader BHP, which is valued at approximately $126 billion (£103 billion). The merger would combine Rio...
READ MOREThe London Metal Exchange (LME) has fully recovered from its 2022 nickel crisis, achieving its highest trading volumes since 2015 and the fourth largest on record. Average daily volumes reached 664,698 lots in 2024, an 18.2% increase from 2023, with nickel trading jumping 58.8% year-on-year to levels last seen in 2021 before the market meltdown....
READ MOREThe Public Investment Corporation (PIC) has raised its stake in Northam Platinum to 20%, reinforcing its commitment to the long-term prospects of platinum group metals (PGMs). This follows the PIC’s move last year to increase its holding in Sibanye-Stillwater to 15%, as the asset manager continues to back the green economy potential of PGMs, particularly...
READ MOREResearchers from Tokyo Metropolitan University have created nanostructured surfaces that exhibit strong antibacterial properties while allowing healthy cells to grow unimpeded. The findings, published in the journal Langmuir, could have significant implications for regenerative medicine and laboratory applications. The scientists utilized anodic porous aluminum oxide, created through electrochemical processes in concentrated sulfuric acid. When polished...
READ MOREChinese nickel producer GEM has completed its annual 30,000-ton high-nickel ternary precursor material project for power batteries in Central Sulawesi, Indonesia. The project, named PT Indonesia Qingmei Energy Materials (Qingmei), is part of the company’s broader strategy to support the growing demand for battery materials. GEM has also announced plans to expand the facility’s capacity...
READ MOREIran’s copper cathode production grew by 3.2% during the first nine months of the Iranian calendar year (March 20 to December 21, 2024), reaching 216,732 tons compared to 209,956 tons in the same period last year. The data, released by the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO), highlights the increasing output...
READ MOREThe Global Nickel Market May Face Deficiency in 2025 Various nickel producers anticipate a challenging 2025 due to an oversupply of the metal, largely driven by increased production from Indonesia. However, reports suggest that the Indonesian government may reduce nickel ore mining quotas to 150 million tonnes, down from 272 million tonnes in 2024. If...
READ MOREUK-based clean technology group Altilium has entered into a partnership with major chemicals company Helm AG, through its UK subsidiary LevertonHelm Ltd, to establish a domestic lithium supply chain. The collaboration aims to reduce the UK’s dependence on imported raw materials by integrating Altilium’s expertise in recycling battery materials with LevertonHelm’s advanced lithium production capabilities....
READ MOREUkraine saw a significant rise in aluminium trade in 2024, with imports and exports both showing strong growth despite ongoing geopolitical challenges. According to the State Customs Service of Ukraine, aluminium and aluminium product imports increased by 21.7% year-on-year, totaling US$446.006 million, including US$36.943 million in December alone. Exports also rose, climbing 27.4% year-on-year to...
READ MOREThe European Commission is preparing to propose a ban on imports of Russian primary aluminum as part of its 16th sanctions package against Russia, EU diplomats revealed on Tuesday. The proposed measures aim to increase economic pressure on Russia following its invasion of Ukraine. Informal discussions were held among EU member states to finalize the...
READ MORESierra Metals expects to boost production of copper, zinc, silver, and lead in 2025 as the company ramps up throughput rates and focuses on resource growth at its Yauricocha Mine in Peru and Bolivar Mine in Mexico. 2025 Guidance The company stated that at current metal prices, it expects to generate strong operating cash flows...
READ MORERio Tinto’s fourth-quarter production results reflect steady operational progress alongside challenges in key areas. The company celebrated milestones such as the successful ramp-up of the Oyu Tolgoi underground copper mine in Mongolia and the commencement of lithium production at the Rincon project in Argentina, while overall commodity production displayed varied performance. Chief Executive Jakob Stausholm...
READ MORECodelco, the world’s largest copper producer, managed to lift its annual copper output in 2024 to 1.328 million metric tons, narrowly escaping a 25-year low. However, concerns from union workers and analysts cast doubt on whether the company’s methods are sustainable as it targets an ambitious annual output of 1.7 million metric tons by the...
READ MOREChina’s Ministry of Natural Resources announced a substantial increase in the country’s measured and indicated lithium reserves, now accounting for 16.5% of global resources, up from 6%. This surge positions China as the world’s second-largest holder of lithium reserves, trailing only Chile. The significant rise stems from extensive discoveries along the 2,800-kilometer West Kunlun-Songpan-Ganzi lithium...
READ MOREGolden Aluminum has been awarded $22.3 million in funding from the U.S. Department of Energy’s Office of Clean Energy Demonstrations (OCED) to advance its Nexcast – Next Generation Aluminum Mini Mill project. The funding, granted in November 2024, will support the upgrade of the company’s Fort Lupton facility in northern Colorado. The Nexcast project aims...
READ MORECruz Battery Metals Corp. will acquire the 580-acre Central Clayton Valley Lithium Brine Project in Nevada, expanding its regional footprint to 820 acres. The $115,000 deal includes BLM fees and staking costs, plus seven million shares under a four-month hold, pending regulatory approval. The project, with 29 claims, is surrounded by SLB’s Clayton Valley lithium...
READ MOREInvestors are showing strong interest in bauxite mining and processing projects in Vietnam’s Central Highland Province of Đắk Nông, with total investment commitments reaching $8 billion, according to the provincial People’s Committee. Under the government’s development plan, Đắk Nông will host four new bauxite mining and processing factories, each expected to cost under $1 billion....
READ MOREIn a significant move to bolster the Sultanate of Oman’s industrial sector, National Aluminium Products Company (NAPCO) and Oman Aluminium Cast Company have signed a pivotal supply agreement. The signing ceremony took place at the Knowledge Oasis Muscat, witnessed by Eng. Dawood bin Salim Al Hadabi, CEO of Madayn. Under the agreement, Oman Aluminium Cast...
READ MOREIvanhoe Mines is poised to ramp up production at its Democratic Republic of Congo (DRC) operations in 2025 after achieving record output in 2024. The Canadian mining company has set its 2025 production guidance at 520,000 to 580,000 metric tons of copper from its flagship Kamoa-Kakula operation. The company reported a 12% year-on-year increase in...
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