Teck 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 MOREUK-based clean technology group Altilium has announced a partnership with LevertonHELM, the UK subsidiary of German chemical firm HELM, to establish a sustainable domestic lithium supply chain in the UK. The collaboration aims to reduce reliance on imported raw materials by integrating Altilium’s battery material recovery expertise with LevertonHELM’s lithium production capabilities. As part of...
READ MOREIoneer Ltd. has finalized a 20-year, $996 million loan from the U.S. Department of Energy’s Loan Programs Office to finance the development of a processing facility at the Rhyolite Ridge lithium-boron project in Nevada. Announced on January 17, the funding is a key step in advancing the project, which is expected to significantly boost U.S....
READ MOREIn its final days, the Biden administration has allocated funding to advance green aluminum initiatives, releasing an initial tranche of up to $500 million to Century Aluminum Co. for the construction of the nation’s first green aluminum smelter and $17.4 million to Norsk Hydro ASA for a technology upgrade at an aluminum recycling plant in...
READ MOREBoston-based Pure Lithium Corporation has entered a joint development agreement with Saint-Gobain Ceramics, a global leader in specialty ceramic materials, to accelerate the production of innovative lithium-selective, water-blocking membranes. These patent-pending membranes are designed to streamline lithium extraction from brine, a critical step in the production of lithium metal anodes for batteries. In addition to...
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 MOREA groundbreaking aluminium waste recycling pilot facility is set to begin operations next to Rio Tinto’s aluminium smelter in Bell Bay, Tasmania. Driven by ABx Group, a subsidiary of Alcore Limited, the project utilizes a proprietary process to recover and reuse chemicals from the aluminium manufacturing process, reducing costs and reliance on imports. One key...
READ MOREBolivia is intensifying its efforts to harness the world’s largest lithium deposits, preparing agreements with new investors to develop processing plants despite low prices and increasing resistance from lawmakers and civic groups. The Andean nation inaugurated its first industrial-scale plant in late 2023, built by a Chinese consortium, and last year signed additional agreements with...
READ MOREChile’s copper production is projected to increase to 5.54 million metric tons (mt) by 2034, marking a 5.6% rise compared to 2023 levels, according to a report released by the Chilean Copper Commission (Cochilco) on January 15. The forecast underscores Chile’s continued dominance as the world’s largest copper producer. Cochilco estimates that Chile’s share of...
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 MORECobalt remains a critical mineral, integral to industries including defense, aerospace, energy storage, consumer electronics, and electric vehicles (EVs). As demand for these applications grows, the global cobalt market faces a complex mix of opportunities and challenges heading toward 2030. Global Production Trends Cobalt is primarily mined as a by-product of copper and nickel. Global...
READ MOREChina’s aluminium production rose by 4.2% year-on-year to 3.77 million metric tons in December, according to data released by the National Bureau of Statistics on Friday. However, daily output in December averaged 121,612 tons, marking a 1.7% decline from November’s daily average of 123,667 tons, based on Reuters’ calculations. The increase in monthly production was...
READ MOREHeraeus Precious Metals has completed the acquisition of Umicore’s Platinum Active Pharmaceutical Ingredient (API) business outside of South America. The move bolsters Heraeus’s position in the platinum API sector, enhancing its product offerings while maintaining a commitment to competitive pricing and high-quality standards. Effective immediately, the business will be integrated into Heraeus Precious Metals, the...
READ MOREChina’s imports of unwrought copper and copper products surged to a 13-month high in December, reaching 559,000 metric tons, a 17.8% increase compared to the same period last year, according to customs data released on Monday. This marks a 5.87% rise from November, attributed partly to sellers meeting remaining obligations under annual contracts. For the...
READ MOREACE Green Recycling, a US-based company, has signed a lease agreement to establish India’s largest battery recycling plant in Mundra, Gujarat. The new facility will expand on ACE’s existing Indian operations and is part of its strategic growth plans ahead of a proposed IPO through a merger with Athena Technology Acquisition Corp. II, a special-purpose...
READ MOREChina’s aluminum production for December 2024 increased by 4.13% year-on-year (YoY), with cumulative production for the year up 3.89% YoY, according to statistics from SMM. Despite the annual growth, regional production cuts impacted specific areas due to high costs and technological transformations. In December, smelters in Sichuan and Guangxi reduced production. High alumina and electricity...
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 MOREMining firm MMG Ltd has announced that operations at its Dugald River zinc mine in Queensland, Australia, are expected to resume following the containment of a nearby grassfire. The fire, which approached the perimeter of the site, has been successfully managed, allowing the company to proceed with normal operations later in the day. MMG, which...
READ MOREThe Singapore-based Abaxx Commodities Exchange is set to introduce the first physically deliverable lithium carbonate futures contract outside China, company executives announced. The move follows the recent launch of its nickel sulphate futures, marking another milestone in its battery metals product lineup. The new lithium carbonate contract addresses a gap in the market, as current...
READ MOREChina is evaluating new export restrictions on technologies essential to lithium-ion battery production, a move that could have significant implications for the global electric vehicle (EV) and clean energy industries. According to a report from Caixin, the Ministry of Commerce has proposed adding battery cathode production technologies, as well as methods for extracting and processing...
READ MOREMarket analyst BMI has maintained its zinc price forecast for 2025 at $2,650 per tonne, citing weaker supply and demand dynamics. Zinc prices began the year at $2,888 per tonne but are projected to drop by 5.8% compared to the 2024 average of $2,812 per tonne. Tightening market fundamentals, including a shortage in zinc concentrate,...
READ MOREAnglo American Platinum (ANGPY) has emerged as a standout player in the global platinum-group metals (PGM) mining industry. Despite market volatility and a downturn in PGM prices, the company has consistently maintained profitability, distinguishing itself from competitors. ANGPY holds the largest PGM mineral resources worldwide, operates cost-efficient facilities, and has demonstrated prudent management in navigating...
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