Canadian gold producer Torex Gold Resources has successfully completed the tie-in process for its Media Luna project in Mexico, marking the first production of copper concentrate enriched with precious metals. The milestone follows a four-week integration phase at the $950 million facility, which is expected to sustain annual production of at least 450,000 gold-equivalent ounces...
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South Korea’s Solus Advanced Materials has signed a second contract with Automotive Cells Company (ACC) to supply copper foil for electric vehicle (EV) batteries. ACC, a joint venture between Stellantis, Mercedes-Benz, and TotalEnergies subsidiary Saft, will use the ultra-thin, high-strength copper foil in its European battery production The foil will be exclusively supplied to a...
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Airbus and Boeing are laying the groundwork for unprecedented production increases of their next-generation single-aisle aircraft, targeting rates of up to 100 planes per month. Both manufacturers are actively researching advanced thermoplastic composite materials and robotic assembly techniques to streamline manufacturing processes and meet soaring demand. This marks a significant shift from the aluminum-based construction...
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Rock Tech Lithium’s lithium hydroxide converter in Guben, Germany, has been named a Strategic Project under the EU Critical Raw Materials Act (CRMA). The facility will produce 24,000 tonnes of battery-grade lithium hydroxide annually and is expected to support the production of over 500,000 electric vehicles per year. This designation highlights the project’s importance in...
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The copper market in Asia is experiencing significant tightening as speculation grows over potential U.S. import tariffs on the industrial metal. This has led to a surge in copper prices, with New York futures rallying far more than the global benchmark on the London Metal Exchange (LME), creating an unusual price dislocation. The Yangshan premium,...
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Aluminium Deutschland has raised alarm over the potential consequences of the United States’ recent 25% tariff on aluminum imports, which notably excludes aluminum scrap. On 12th March, the Trump-Vance administration enforced 25% tariffs on imports of steel, aluminium, and products containing these metals. The primary concern is that US-based companies will continue to purchase aluminum...
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Elliott Associates, a U.S.-based hedge fund, is reviewing its options for further legal action against the London Metal Exchange (LME) after Britain’s Financial Conduct Authority (FCA) fined the exchange £9.2 million ($11.9 million) for its handling of the 2022 nickel price crisis. The fine, announced on March 20, 2025, marks the first enforcement action against...
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China is ramping up its strategic reserves of key industrial metals, including cobalt, copper, nickel, and lithium, as part of efforts to bolster supply chain resilience during a period of heightened energy-transition demand and geopolitical uncertainty. The National Food and Strategic Reserves Administration, which oversees the country’s commodity stockpiles, has begun price inquiries and bidding...
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Norwegian aluminum producer Hydro has unveiled plans to invest NOK 1.65 billion ($156 million) in a new wire rod foundry at its Karmøy facility. This marks the company’s largest investment in Norway in a decade. The plant will supply aluminum wire for power cables across Europe and is expected to have an annual production capacity...
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Ore extraction at Mongolia’s Oyu Tolgoi copper mine is set to increase by 50% year-on-year in 2025, leading to a significant rise in copper concentrate production. Located in the South Gobi Desert, the mine is majority-owned by Rio Tinto and is expected to become the world’s fourth-largest copper producer by 2030, with an average annual...
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In the first two months of 2025, China significantly increased its imports of non-ferrous metals from Russia, according to Chinese customs data. Purchases of nickel surged 2.8 times year-on-year to $233.38 million, copper and copper products rose by 1.5 times to $711.77 million, and aluminum imports grew by 29.5% to $895.95 million. Analysts attribute this...
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China Increases Primary Aluminium Output China’s primary aluminium production grew by 2.6% in the first two months of 2025, reaching 7.3 million tonnes, according to the National Bureau of Statistics. This rise is largely attributed to a decline in alumina prices, which improved smelter profitability. In early January, alumina contracts on the Shanghai Futures Exchange...
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First Atlantic Nickel has formed a research partnership with the Colorado School of Mines to evaluate the potential of geologic hydrogen in two ophiolite complexes in Newfoundland, Canada: the St. Anthony Ophiolite Complex (Atlantis Project, 103 km²) and the Pipestone Ophiolite Complex (Atlantic Nickel Project, 71 km²). Both sites are 100% owned by First Atlantic...
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Global Ferronickel Holdings reported a 51.82% decline in attributable net income in 2024, falling to PHP 743.9 million (USD 13.2 million) from PHP 1.54 billion (USD 27.3 million) the previous year. The company cited weaker nickel ore prices and rising costs as the primary reasons for the downturn. Revenue from contracts with customers dropped 13.37%...
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India’s JSW Group is preparing to establish a major copper smelter in the eastern state of Odisha, aiming for an initial capacity of 500,000 metric tons by 2028/29, with plans to double output to 1 million metric tons by 2033/34, a source familiar with the matter told Reuters. The facility is expected to be fed...
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Iran’s aluminium production declined in the first 11 months of the Persian calendar year (ending February 18), totaling 552,185 tonnes, down from 582,200 tonnes a year earlier. The drop, representing a 5% year-on-year decline, comes even as the country’s bauxite and alumina production increased, according to data from state-owned holding company IMIDRO. The country’s four...
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On March 17, Norwegian aluminium and renewable energy company Norsk Hydro held a groundbreaking ceremony for its new recycling plant in Torija, Spain. The EUR 180 million project is a key component of Hydro’s circular economy strategy, aiming to increase the use of post-consumer aluminium scrap while expanding its low-carbon aluminium offerings in Europe. The...
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Zijin Mining is ramping up its global expansion with plans to significantly increase copper, gold, and lithium production over the next five years. The China-based company, with a market capitalization of approximately $60 billion, aims to produce 1.5 million tons of copper and 3.2 million ounces of gold annually by 2028. At the 2025 Prospectors...
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Vladimir Potanin, president and co-owner of Russian mining giant Nornickel, confirmed on Tuesday that negotiations for a joint copper smelting venture with Chinese partners were progressing, with a Chinese government-approved concept expected to take clearer shape by the summer. His remarks came during the congress by the powerful business lobby group Russian Union of Industrialists...
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Vale Base Metals, a privately held entity spun out from Brazilian mining giant Vale S.A., is aiming to double its copper production to approximately 700,000 tons per year by 2035, according to CEO Shaun Usmar. Speaking at the 2025 BMO Global Metals, Mining & Critical Minerals Conference, Usmar emphasized the company’s strategic focus on battery...
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U.S. Commerce Secretary Howard Lutnick stated that President Donald Trump’s expanded 25% tariffs on steel and aluminum will remain in place until domestic production is significantly strengthened. Lutnick also revealed that Trump plans to include copper in his trade protections, marking a further escalation in U.S. trade policy. Speaking to Fox Business Network, Lutnick said...
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Electra Battery Materials, poised to become the only cobalt sulfate refinery in North America, is navigating financial hurdles as it works to complete its Temiskaming Shores facility in Northern Ontario. Construction at the site stalled in 2023 due to funding shortages, but the company remains optimistic about securing the remaining capital needed to resume operations....
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Mining company Boliden’s Nomination Committee has proposed Victoire de Margerie as a new member of the Board of Directors. The proposal will be presented at the company’s Annual General Meeting on April 23. Alongside de Margerie’s nomination, all current board members have been proposed for re-election, with Karl-Henrik Sundström recommended to continue as Chairman of...
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Bolivia is facing growing public opposition to contracts signed with Chinese and Russian firms to exploit its vast lithium reserves, with local communities arguing the deals provide little benefit to the country. The controversy has led the Bolivian Chamber of Deputies to suspend parliamentary discussions on the agreements, pending further consultations with civil society groups....
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