Central Puerto, a leading electricity generator in Argentina, has announced its entry into the mining sector with a 27.5% stake in the ‘3 Cruces’ lithium mining project in Catamarca province. This move marks the company’s strategic diversification into the rapidly growing lithium market, essential for electric vehicles and renewable energy storage. Located in Argentina’s highest-grade...
READ MORERenforth Resources (CSE: RFR; US-OTC: RFHRF) plans to monetize its Parbec gold deposit to finance nickel exploration across its Malartic Metals package in Quebec, according to CEO Nicole Brewster. Speaking at The Northern Miner’s International Metals Symposium in London on December 2, Brewster emphasized the company’s strategy to capitalize on its gold asset to support...
READ MOREGlobal alumina production dropped by 3.4% month-on-month to 12.21 million tonnes in November, according to data from the International Aluminium Institute. Despite the monthly decline, alumina output was still 1.9% higher compared to 11.98 million tonnes produced in November 2023. Average daily global alumina production decreased to 407,000 tonnes in November, down from a revised...
READ MORESumitomo Metal Mining, along with its subsidiary Hyuga Smelting, announced plans to construct a new production facility at Hyuga Smelting to manufacture nickel matte using ferronickel and other raw materials. Construction is set to begin in 2025, with completion targeted for fiscal 2027. Once operational, the facility will enable Hyuga Smelting to produce both nickel...
READ MOREMarubeni Corporation has completed a $5 million investment in Altilium Metals Ltd., a UK-based company focused on lithium-ion battery (LiB) recycling. The investment was made through a third-party allocation of new shares, positioning Marubeni as a strategic partner in Altilium’s expansion within the sustainable energy sector. Altilium currently operates a pilot plant in Plymouth, UK,...
READ MOREBlue Whale Materials (BWM), a leader in lithium-ion battery recycling, has been awarded a $55 million grant from the U.S. Department of Energy’s (DOE) Office of Manufacturing and Energy Supply Chains. The funding, part of the Bipartisan Infrastructure Law’s Battery Materials Processing and Battery Manufacturing Program, will support BWM’s $110 million expansion of its Bartlesville,...
READ MOREAlpha HPA, an Australian critical minerals manufacturer, has announced a significant supply agreement with a leading Japanese electronics company amid soaring demand for semiconductors powering artificial intelligence (AI) technologies. The ASX-listed company will supply high-purity alumina (HPA) from its upcoming refinery in Gladstone, Queensland, which is set to become the world’s largest HPA production facility....
READ MOREVancouver-based Sigma Lithium has announced it is on track to surpass its 2025 production targets following a strong performance in the final quarter of 2024. The company produced approximately 75,000 tonnes of lithium concentrate during the quarter, exceeding forecasts by 25% and bringing its annual total to 240,000 tonnes. Operating at the Grota do Cirilo...
READ MORECobalt prices have halved over the past two years, largely driven by a surge in supply from China’s CMOC Group. The company’s aggressive production growth has significantly contributed to the global oversupply of cobalt, pushing prices down from over $28,000 per tonne in January 2024 to under $24,000 by December on the London Metal Exchange....
READ MOREBrimstone, an Oakland-based leader in industrial innovation, has secured up to $189 million in federal funding from the U.S. Department of Energy’s Office of Clean Energy Demonstrations. This funding will support the development of Brimstone’s groundbreaking Rock Refinery™ plant, aimed at producing deeply decarbonized portland cement, supplementary cementitious materials (SCM), and smelter-grade alumina from domestically...
READ MORETwo potential buyers have submitted offers for Glencore’s 49% stake in the struggling New Caledonian nickel producer Koniambo Nickel SAS (KNS), the company announced. The bids follow site visits conducted by the interested parties between late October and early December 2024. KNS President Alexandre Rousseau confirmed that shareholder evaluations of the proposals are underway but...
READ MORESignificant cuts to Indonesia’s nickel mine production could remove over a third of global supply, creating substantial upside pressure on nickel prices, according to Macquarie Group Ltd. Reports suggest the Indonesian government is considering slashing nickel mine quotas from 272 million tons in 2024 to as low as 150 million tons this year. Such a...
READ MOREAfrica produced 1.44 million tonnes of primary aluminium during the first eleven months of 2024, a 1.5% decline compared to the 1.462 million tonnes recorded in the same period in 2023. This contrasts with a 2.87% increase in global primary aluminium production during the same timeframe, reducing Africa’s contribution to global output from 2.26% to...
READ MOREMore than two years after Mexico enacted a law nationalizing its lithium resources, uncertainty persists for companies holding concessions. A recent supreme court ruling has reaffirmed the state’s exclusive right to extract lithium, setting a challenging precedent for private entities. In early December, Mexico’s supreme court unanimously dismissed an appeal from Grupo Bararal, which sought...
READ MOREBradda Head Lithium is making strides at its San Domingo pegmatite project in Arizona, aiming to define a NI 43-101 compliant resource in 2024 and move toward production by late 2025 or early 2026, according to executive chairman Ian Stalker. The company has identified new targets within the project area, including Ruby Soho, Dragon, and...
READ MOREExport Development Canada (EDC) has committed up to C$100 million ($70 million) ($70 million) in financing for the development of the Seymour Lake lithium project in Ontario. This project, operated by Australia’s Green Technology Metals, is poised to become Ontario’s first lithium producer and a cornerstone of the province’s critical mineral supply chains for the...
READ MOREChina’s exports of refined copper wire with a maximum cross-sectional dimension exceeding 6mm reached 6,303.98 metric tonnes (mt) in November 2024, marking a 26% month-on-month (MoM) increase and a 68.3% year-on-year (YoY) rise. Cumulatively, from January to November 2024, exports totaled 57,600 mt under HS code 74081100. The rebound in copper wire rod exports during...
READ MOREAs 2024 draws to a close, lithium prices have declined for the second consecutive year, marking a significant fall from their December 2022 peak of $85 per kilogram for lithium hydroxide. Prices have plunged nearly 90%, but recent signs indicate the sharpest phase of the decline may be over. Narrowing price drops and reduced discounts...
READ MORESK Nexilis, the world’s largest producer of copper foil, has been awarded a $133 million subsidy by the Polish government under the European Union’s Temporary Crisis and Transition Framework (TCTF) program. The Korean company announced that the subsidy, equivalent to 545 million Polish zloty, will enhance its cooperation with Poland on clean energy initiatives and...
READ MOREVedanta announced achieving its highest-ever quarterly and half-yearly aluminium production, reaching 1,205 kilotonnes (kt) in the first half of the financial year. Alumina production also surged 21% year-on-year (YoY). Following this update, the company’s stock dipped 2%, reaching a low of Rs 501 ($6.03) on the BSE. The company’s Zinc India operations also recorded a...
READ MOREAccording to data from the General Administration of Customs of the People’s Republic of China, primary aluminium imports into China fell by 13.8% in November 2024 compared to October. However, on an annual basis, imports rose by 22.5%. The Shanghai Stock Exchange (SMM) reported that China imported 150.7 thousand tonnes of primary aluminium in November,...
READ MOREChina’s imports of zinc concentrate reached 455.9 thousand tonnes in November 2024, marking a 37.73% month-on-month increase and a 45.01% rise compared to the same period last year. From January to November, total zinc concentrate imports amounted to 3.6398 million tonnes, reflecting a 14.98% year-on-year decline. In November, the top suppliers of zinc concentrate to...
READ MORERusal is set to commence the design phase for a major alumina refinery in the Lomonosov district of Russia’s Leningrad region. The project includes surveying land for a port terminal and road infrastructure, paving the way for the construction of the Leningrad Alumina Plant (LAP). In 2022, Rusal established LLC ‘Leningrad Alumina Plant’ with an...
READ MOREEmirates Global Aluminium (EGA), one of the world’s largest aluminium producers, has leveraged a green loan facility to acquire a majority stake in Spectro Alloys, a U.S.-based aluminium recycling company. The loan, supported by multiple international banks, enables EGA to access a larger liquidity pool to fund low-carbon projects while optimizing borrowing costs. In September...
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