Employees of the Zangezur Copper and Molybdenum Combine (ZCMC) who have been on strike since January 31 may face disciplinary action, according to a company statement released on Saturday. Over 700 workers have walked off the job, demanding wage increases. ZCMC management stated that some employees failed to report to work, while others left their...
READ MORENornickel, a leading Russian miner, has outlined its production targets for base and precious metals in 2024, forecasting a slight increase in nickel output. The company expects nickel production to rise by 1.2%, reaching 204-211 thousand tonnes. Copper output is projected to remain stable at 363-373 thousand tonnes, with an additional 66-70 thousand tonnes of...
READ MOREPodium 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...
READ MOREBritish investment firm Alkemy Capital Investments plc has signed a partnership agreement with American company Veolia Water Technologies Inc. to establish the first lithium hydroxide processing line at Tees Valley Lithium (TVL) in Teesside, UK. The partnership will leverage Veolia’s expertise in lithium recycling and advanced artificial intelligence technologies to enhance efficiency, reduce costs, and...
READ MOREDonald Trump’s proposed import tariffs on aluminium and copper have sparked concerns over potential price increases for consumer goods. Industry analysts fear that restricting imports could reduce metal availability, impacting production and raising costs for end-use manufacturers. Trump announced his intent to impose tariffs on key metals, including those used in US military hardware, during...
READ MOREAluminium Bahrain (Alba), the world’s largest aluminium smelter on a single site, has initiated a pilot programme to test an electric, battery-powered Aluminium Fluoride (AlF3) feeding vehicle. The vehicle, developed by Techmo Car S.p.A., is currently undergoing evaluation in Reduction Lines 4, 5, and 6. The trial will assess the vehicle’s performance and efficiency, with...
READ MOREMetals One has released the results of a Preliminary Economic Assessment (PEA) for its Finland Black Schist Ni-Cu-Co-Zn Project, conducted by Wardell Armstrong International. The study focuses on the Rautavaara (R1) and Paltamo (P5) deposits, providing an initial assessment of their economic potential and viability. The PEA identifies Rautavaara as the primary economic driver of...
READ MORERock Tech Lithium has signed a Memorandum of Understanding (MoU) with German cement manufacturer Schwenk Zement to utilize lithium production by-products from Rock Tech’s Guben Converter in cement manufacturing. The partnership aims to reduce carbon emissions while creating a new revenue stream, aligning with Germany’s National Circular Economy Strategy, which promotes the use of industrial...
READ MOREGlencore has released its full-year 2024 production report, highlighting a year of operational progress and strategic acquisitions. CEO Gary Nagle emphasized the importance of the acquisition of EVR and shareholder support for retaining Glencore’s coal business. The company saw a net addition to its mineral reserve base, particularly in copper at Antamina, bauxite at MRN,...
READ MORECanadian company Mangrove Lithium has secured a $35 million (C$50.61 million) investment to construct a lithium refining plant in Delta, British Columbia. The facility, expected to be operational by late 2025, will be North America’s first electrochemical lithium refining facility, strengthening the lithium supply chain and enhancing regional energy security. The plant will produce battery-grade...
READ MOREMinera Ojos del Salado, a subsidiary of Lundin Mining, has been fined $3.3 million by Chile’s Superintendencia del Medio Ambiente (SMA) following an investigation into the 2022 sinkhole at the Alcaparrosa mine. The ruling also mandates the continued closure of the mine due to four environmental violations. Mining operations at Alcaparrosa have been suspended since...
READ MOREAnglo American has completed the sale of its 33.3% stake in Jellinbah Group Pty Ltd to Zashvin Pty Ltd ahead of schedule. The transaction, initially expected to close in the second quarter of 2025, brings in total cash proceeds of AUD1.6 billion (approximately USD1.0 billion), including AUD228 million previously received. Jellinbah Group holds a 70%...
READ MOREGaltco is set to establish a low-carbon aluminium production plant in Tolú, Sucre, with an estimated investment of $1.2 billion. The facility aims to produce over 350,000 tonnes of green aluminium annually from the Gulf of Morrosquillo, reinforcing Colombia’s role in sustainable aluminium production. On January 29, a Memorandum of Understanding (MoU) for the Galtco...
READ MOREIndia has allocated 163 billion rupees ($1.88 billion) to advance its critical minerals sector, aiming to secure essential raw materials such as lithium. The federal Ministry of Mines confirmed the funding, which will support domestic exploration and offshore mineral projects. The government expects an additional 180 billion rupees in public sector investment for critical minerals,...
READ MOREThe Canadian federal government has announced a $41 million investment in Foran Mining Corporation’s Saskatoon office to support the development of emissions-free copper production. The funding will be used to expand Foran’s McIlvenna Bay plant in Saskatchewan, creating 400 new jobs and advancing the country’s transition to a net-zero carbon economy. James Steels, Chief Financial...
READ MOREVale Base Metals, a subsidiary of Vale has initiated a strategic review to assess the potential sale of its mining and exploration assets in Thompson, Manitoba. This move is part of the company’s broader effort to optimize its vertically integrated nickel portfolio, ensuring long-term competitiveness. The review’s findings are expected in the second half of...
READ MORETaural India, an integrated aluminum foundry, has signed a memorandum of understanding (MoU) with the Government of Maharashtra to expand its advanced manufacturing operations in Supa, Ahilya Nagar. The agreement, finalized during the World Economic Forum (WEF) in Davos, underscores Maharashtra’s dedication to fostering industrial growth in Tier II regions. Currently operating a 300,000 sq....
READ MOREDespite macroeconomic uncertainties, including the geopolitical challenges posed by Donald Trump’s return to the White House, the outlook for the copper market remains positive, according to a report by Bank of America (BofA). The analysis highlights falling copper inventories in China, growing demand from the country, and ongoing supply constraints as key factors supporting strong...
READ MOREVale Base Metals, a subsidiary of Vale SA (NYSE: VALE), has announced a strategic review to explore and evaluate options for its mining and exploration assets in Thompson, Manitoba. The review, which includes the potential sale of the assets, is part of Vale Base Metals’ broader effort to optimize its global mining portfolio and focus...
READ MOREThe production of recycled-content copper is projected to see a modest increase in 2024 compared to last year, according to data from the Lisbon-based International Copper Study Group (ICSG). Between January and November 2024, global secondary copper production exceeded 4.23 million metric tons (mmt). With at least 378,000 metric tons produced monthly in the last...
READ MOREResearchers at Stanford University have identified niobium phosphide as a material capable of outperforming copper in conducting electricity at the nanoscale. This breakthrough could pave the way for more efficient and compact electronic devices, significantly reducing energy consumption and overcoming limitations posed by traditional materials. Copper has long been a cornerstone of electrical conductivity, but...
READ MOREThe bipartisan Congressional Aluminum Caucus has been re-launched, spearheaded by Congresswoman Carol Miller and Representatives Glenn Grothman, Haley Stevens, and Morgan McGarvey. The caucus aims to promote awareness of the U.S. aluminum industry, address key challenges, and highlight the metal’s essential role in modern manufacturing. Congresswoman Miller emphasized the economic and industrial significance of aluminum,...
READ MORECobalt prices have fallen to their lowest levels in nearly a decade, with the battery material trading at $11.02 per pound as of January 23. The price drop reflects record-high production levels, which continue to exert downward pressure on the market. The world’s largest cobalt producer, CMOC Group, achieved a record output of 114,165 tons...
READ MOREPeru’s copper production could reach three million metric tons annually, according to Energy and Mines Minister Jorge Montero. The Tía María project in Arequipa is progressing, with broader mining investments totaling $4.88 billion in 2024. The sector generated 230,000 jobs, producing 2.71 million metric tons of copper and $43 billion in mineral exports by November....
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