China’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 MOREMinerals Development Oman (MDO), the country’s premier mining investment entity, has signed a $30 million contract with Finnish industrial machinery company Metso for the supply of a cutting-edge copper concentrate plant. This plant is a key component of MDO’s Mazoon Copper Project, under development in the Wilayat of Yanqul. The agreement was formalized during the...
READ MOREGoGold Resources reported a significant production increase for the quarter ending December 31, 2024, totaling 551,337 silver equivalent ounces. This output consisted of 226,343 ounces of silver, 3,213 ounces of gold, 121 tonnes of copper, and 161 tonnes of zinc. The surge in production represents a 36% increase compared to previous quarters, attributed to the...
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 MOREAltek is partnering with Real Alloy to develop a zero-waste aluminium salt slag recycling facility in Wabash, Indiana, with support from the U.S. Department of Energy’s Office of Clean Energy Demonstrations (OCED). The facility will utilize Altek’s AluSalt technology to recycle metallics, salts, and recover non-metallic by-products from aluminium salt slag. Real Alloy has secured...
READ MORECopper and silver futures in New York are surging past international price benchmarks as traders brace for potential sweeping import tariffs under Donald Trump’s administration. Front-month Comex silver futures are trading at a premium of more than $0.90 per ounce over London spot bullion prices, nearing December peaks fueled by Trump’s pledges to apply universal...
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 MOREChina’s Zijin Mining Group Co. is advancing its presence in the global lithium market with ongoing talks to acquire a stake in Zangge Mining Co. Ltd., a move that could lead to a full takeover. Zijin disclosed the potential deal in a statement to the Hong Kong Exchange, signaling its continued expansion strategy beyond copper...
READ MOREThe Indonesian government is considering allowing mining giant Freeport Indonesia to resume copper concentrate exports this year after its permit expired on January 1. Energy Minister Bahlil Lahadalia confirmed that Freeport has formally requested a renewal of its export license, and the government is currently processing the application. “We are discussing this matter with the...
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 MORENickel producers are bracing for a challenging year in 2025 as the global market remains oversupplied, pushing prices downward. Analysts point to Indonesia’s rapidly growing nickel industry as a key factor disrupting global supply and contributing to the price slump. However, the world’s largest nickel producer has announced plans to cut production by nearly 40%,...
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 MORENew Gold reported its fourth quarter and full-year 2024 operational results as of December 31, 2024, showcasing its highest production quarter of the year. The company plans to release its operational outlook, technical reports for Rainy River and New Afton, and updated Mineral Reserve and Resource Statement after market close on February 12, 2025. A...
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...
READ MOREAsturiana de Zinc (AZSA) reported a molten zinc cathode production of 538,625 tons in 2024 at its San Juan de Nieva plant in Avilés. This figure marks the second-highest annual output since the plant’s inception in the 1960s but falls short of the 2023 record of 544,192 tons by 5,567 tons. The decline was primarily...
READ MOREAlmalyk Mining and Metallurgical Combine (AMMC) plans to ramp up copper production to 500,000 tons annually by 2030, according to Abdulla Khursanov, Chairman of AMMC. The expansion will be driven by new projects in the Tashkent region, focusing on developing non-ferrous and precious metal deposits at the Almalyk and Angren ore fields and processing waste...
READ MOREJapan’s aluminium P1020 premiums for the first quarter of 2025 have been finalized at $228 per tonne over the cash London Metal Exchange (LME) price, marking a $53 per tonne increase from the previous quarter. This surge represents the highest premium level since Argus began tracking the market in 2016. Initial offers in December exceeded...
READ MOREELYSIS has named François Perras as its new President and Chief Executive Officer, effective January 1, 2025. Perras succeeds Vincent Christ, who is retiring after six years at the helm of ELYSIS and a distinguished 35-year career in the aluminium industry. The company, a joint venture between industry giants Alcoa and Rio Tinto, expressed gratitude...
READ MORELithium has emerged as a cornerstone in the transition to sustainable transportation, driven by the rapid global adoption of electric vehicles (EVs). A recent report by the International Council on Clean Transportation (ICCT), “A Global and Regional Battery Material Outlook,” emphasizes the increasing demand for lithium due to advancements in battery technology and the push...
READ MOREThe global lithium market experienced a sharp slowdown in 2024 following years of rapid growth, primarily due to underwhelming electric vehicle (EV) sales outside the Asia-Pacific region. While EV sales in Asia, especially China, remained strong, the Americas saw slowed growth, and Europe faced declining sales, significantly impacting lithium demand. Simultaneously, a surge in new...
READ MOREChina’s leading copper smelters have agreed to reduce processing charges for copper concentrate in the first quarter of 2025 due to a continued shortage of copper ore, according to industry sources. During a meeting of the China Smelters Purchase Team in Shanghai, smelters set new guidance for treatment and refining charges (TC/RCs) at $25 per...
READ MOREMitsubishi Corporation (MC) has announced its participation in a pioneering aluminum smelting project in Finland that will utilize electricity free from carbon dioxide (CO2) emissions. The initiative aims to develop low-carbon aluminum smelting technology, with production targeted to begin around 2029. The project is a collaboration between Mitsubishi Corporation, Finland’s national power company Fortum, Finnish...
READ MOREJSW Group has entered the non-ferrous metals sector by acquiring two copper mines in Jharkhand, India, from Hindustan Copper through a competitive bidding process. This diversification aligns with the rising global demand for copper driven by electric vehicles, renewable energy projects, construction, and consumer appliances. Under the agreement, JSW will handle the development, capital investment,...
READ MOREBolivia’s state-owned Yacimientos de Litio Bolivianos (YLB) announced that its Lithium Carbonate Industrial Plant in Uyuni, Potosí, is on track to boost production in 2025. The increase follows the stabilization of brine supply and auxiliary services at the facility, allowing for more consistent operations. YLB attributed this progress to ongoing stabilization and parameter adjustments, which...
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