Lithium prices are forecasted to stabilize in 2025 after two years of sharp declines driven by a global oversupply. A nearly 86% drop in prices since their peak in November 2022 forced the closure of numerous mines worldwide. However, analysts and traders anticipate that strong electric vehicle (EV) sales in China and reductions in lithium...
READ MOREChina Gold International Resources Corp. Ltd. has released its 2025 production guidance and confirmed that operations at the Jiama Copper-Gold Polymetallic Mine remain unaffected following the January 7 earthquake in Tibet Autonomous Region. The company forecasts copper production at the Jiama Mine to range between 139 million pounds (63,000 tonnes) and 148 million pounds (67,000...
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 MORERecent industry reports paint a cautious outlook for the lithium market in 2025, with concerns about persistent oversupply keeping prices under pressure. Goldman Sachs maintains its conservative stance, highlighting a continued supply surplus despite strong demand growth driven by the electric vehicle (EV) market and renewable energy storage solutions. Lithium prices have plummeted over the...
READ MORETreatment and refining charges (TC/RCs) for copper concentrate are expected to remain low throughout 2025 due to a tightening global supply, according to a new report by Fastmarkets. Analyst Andrew Cole forecasts the annual average spot TC at $10.7 per tonne for 2025, with monthly averages potentially reaching $20 per tonne by the end of...
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 MOREFirst Atlantic Nickel has completed the acquisition of mining licence 038152M, securing 100% ownership of 12 mineral claims in central Newfoundland. These claims, known as the RPM South claims, are located directly south of the RPM Zone within the company’s 30-kilometer nickel trend at the Atlantic Nickel Project. The acquisition allows for expanded exploration and...
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 MOREChinese production of lithium-iron-phosphate (LFP) batteries is expected to set market prices in the United States over the next two years, according to Clean Energy Associates (CEA). The consultancy’s Q4 2024 battery energy storage system price forecasting report highlights the impact of heavily tariffed imports and limited production capacity outside China. Batteries imported from China...
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 MOREThe nickel market is expected to remain oversupplied in 2025, with a projected surplus of 156,000 metric tons as production in Indonesia and China continues to expand. According to Jason Sappor, senior analyst at S&P Global Commodity Insights, the surplus is driven by increased output and slowing demand from the stainless steel and battery materials...
READ MOREThe lithium market is at the heart of the global energy transition, driven by soaring demand for electric vehicles (EVs). However, meeting this demand is fraught with challenges, including a looming supply deficit and substantial investment needs. Here, we explore lithium’s supply, demand, and price dynamics, and the critical investments required to address the “great...
READ MOREAluminum prices edged higher as the European Union considers restrictions on imports of Russian metal, while Chinese production growth is expected to slow. On the London Metal Exchange (LME), aluminum climbed as much as 0.7% toward $2,600 per ton, trading 0.2% higher at $2,564 per ton by mid-morning in Shanghai. The EU is weighing new...
READ MOREBHP Group and Lundin Mining have completed their joint acquisition of Filo and established Vicuña, a 50/50 joint venture that will oversee the Filo del Sol and Josemaria copper projects in Argentina and Chile. The total acquisition cost was C$4 billion (approximately USD 3 billion), excluding shares already held by both companies, BHP announced on...
READ MORESaudi Arabia’s state oil giant Aramco and the country’s mining company Ma’aden have signed a non-binding term sheet to explore a joint venture focused on minerals exploration and mining. Announced during the Future Minerals Forum in Riyadh, the venture would prioritize energy transition minerals, particularly lithium, and advance cost-effective direct lithium extraction (DLE) technologies. Commercial...
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 MOREAntofagasta’s copper production for 2024 fell slightly below the company’s expectations but showed a 1% increase from the previous year. The Anglo-Chilean miner reported producing 664,000 tons of copper, which was at the lower end of its guided range of 670,000 to 710,000 tons. In the fourth quarter, copper production reached 200,300 tons, up 12%...
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 MORERusal has achieved a breakthrough in primary aluminium production by significantly reducing vanadium and other heavy metal content using revolutionary inert anode technology. This advancement enhances the electrical conductivity of aluminium, opening new opportunities for its application in the power industry. The inert anode technology, a key development in aluminium smelting, allows for the production...
READ MOREAnalysts forecast a decline in zinc prices in 2025 as global refined zinc production rebounds and demand remains subdued. BMI, a research agency under Fitch Solutions, projects a surplus of 270,000 tonnes for the year, reversing the 184,000-tonne deficit anticipated in 2024. Preliminary data from the International Lead and Zinc Supply Group (ILZSG) show that...
READ MOREEmirates Global Aluminium (EGA), the UAE’s largest industrial company outside of oil and gas and a leading producer of premium aluminium, has announced the completion of civil works for the expansion of its US recycling subsidiary, Spectro Alloys. The project involves a 90,000-square-foot addition to Spectro’s facility, allowing the production of billet from post-consumer aluminium...
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 MORECanada-based Dundee Precious Metals (DPM) announced that its Bulgarian operations, the Ada Tepe and Chelopech mines, successfully met their 2024 annual production guidance, according to preliminary results released on Wednesday. Ada Tepe recorded its highest quarterly output in the fourth quarter, producing 29,000 ounces of gold, contributing to a total annual production of approximately 94,300...
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