Glencore reported a sharp decline in copper production for the first quarter of 2025, with output falling 30% year-on-year to 167,900 metric tons. The company attributed the drop to lower ore mining rates, head grades, and recoveries at key operations in Chile, Peru, and the Democratic Republic of Congo. Despite the weak start, Glencore expects...
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India’s robust infrastructure expansion and steady automobile demand continue to drive strong domestic zinc consumption despite global uncertainties, according to Arun Misra, CEO of Hindustan Zinc. For the March quarter of 2025, Hindustan Zinc recorded revenues of INR 9,000 crore (approximately USD 1.08 billion), a 20% year-on-year increase. Earnings rose significantly by 47% to INR...
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South32’s Taylor zinc, lead, and silver mine in southern Arizona may see its construction costs rise due to new tariffs, according to analysis from Canaccord Genuity. The Hermosa project, which has already seen $539 million invested, is expected by Canaccord to require $2.6 billion to complete-higher than the $2.16 billion figure previously announced by South32....
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Canstar Resources has entered into a letter of intent with VMS Mining Corporation (VMSC) to form a $11.5 million exploration joint venture focused on advancing high-grade volcanogenic massive sulphide (VMS) projects in Newfoundland. The JV aims to accelerate drilling and geophysical programs at Canstar’s Buchans and Mary March properties, located near several historical high-grade VMS...
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Teck Resources reported zinc concentrate production of 146,000 metric tonnes in the fourth quarter of 2024, bringing its full-year total to 615,600 tonnes—aligning with the company’s previously issued production guidance. The majority of output came from the Red Dog mine in Alaska, which accounted for 555,600 tonnes of the annual total. The remaining 60,300 tonnes...
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Boliden has finalized its acquisition of the Somincor copper-zinc mine in Portugal and the Zinkgruvan zinc mine in Sweden from Lundin Mining. The deal, completed on April 16, 2025, includes a cash consideration of $1.4 billion, with $1.3 billion paid on a debt- and cash-free basis as of the locked-box date of August 31, 2024,...
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InZinc Mining Ltd. has confirmed funding approval for a summer 2025 diamond drilling campaign at its wholly owned Indy Sedex project, located 90 kilometers southeast of Prince George, British Columbia. The company, which is fully permitted for up to 60 drill holes over a five-year period, plans to begin drilling in the first week of...
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Zinc has emerged as the underperformer among London Metal Exchange (LME) base metals in 2025, weighed down by oversupply concerns and weak demand. The latest benchmark smelter treatment charge between Korea Zinc and Teck Resources reinforces this bearish narrative, with fees dropping to $80 per metric ton—a sharp decline from last year’s $165 per ton...
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Vedanta Limited has released its production figures for the fourth quarter of FY25, showcasing varied performance across its key operations. Aluminium production at the Lanjigarh refinery stood at 431,000 tonnes, marking an 11% year-on-year (YoY) decline and a 15% quarter-on-quarter (QoQ) drop. Saleable metal production reached 270,000 tonnes, down 1% YoY but up 4% QoQ....
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The United States produced 741,000 metric tons of recoverable zinc in 2024, a slight decline of 1.1% compared to the 749,000 metric tons produced in 2023. This marks a continuation of challenges in the zinc industry, including lower prices and reduced demand. Average daily mine production in December 2024 was 2,210 metric tons, a 47%...
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London Metal Exchange (LME) zinc futures climbed nearly 3% last week, closing at $2,972.5 per metric ton, as supply concerns intensified following a planned production cut by Nyrstar, one of the world’s largest zinc smelters. Nyrstar announced it will reduce output at its Hobart zinc smelter in Australia by 25% starting in April 2025. The...
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Boliden has completed a significant expansion at its Odda zinc smelter in Norway, nearly doubling production capacity in what is one of the largest industrial investments on Norway’s mainland. The upgraded facility now has the capacity to produce 350,000 tonnes of zinc annually, up from 200,000 tonnes. The investment includes new infrastructure for logistics and...
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Teck Resources Limited announced a $40 million USD equity investment in Bunker Hill Mining Corp. on March 6, aiming to reinforce the North American critical minerals supply chain. The investment will secure a reliable source of high-quality, cost-competitive zinc and lead concentrate from Idaho’s Silver Valley for Teck’s Trail operations in British Columbia. The funding...
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Glencore PLC is set to further reduce costs at its copper and zinc plants in Canada as part of a broader review of its global smelting operations, prompted by declining processing margins. According to an internal memo cited by Bloomberg News on March 14, the company is restructuring its operations to improve efficiency. As part...
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Vedanta Group firm Hindustan Zinc plans to double its metal production capacity to 2 million tonnes per annum (MTPA) within the next five years, according to Chairperson Priya Agarwal Hebbar. The company’s current capacity stands at 1.1 MTPA, with expansion driven by India’s growing steel sector and infrastructure development. “With India’s expanding steel capacity and...
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Global refined zinc production declined by 2.6% year-on-year to 13.55 million tonnes in 2024, while consumption increased marginally by 0.1% to 13.61 million tonnes, according to a report by the International Lead and Zinc Study Group. This led to a market deficit of 62,000 tonnes, contrasting with a surplus of 310,000 tonnes recorded the previous...
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A single entity has taken control of up to 90% of the available aluminum inventories on the London Metal Exchange (LME), amounting to approximately $505 million, according to LME data released on Monday. The identity of the party remains undisclosed, but such holdings are typically acquired by investors or traders seeking to capitalize on potential...
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Titan Mining has announced plans to expand production at its Empire State Mines (ESM) project, with the addition of 12 million payable pounds of zinc annually from the N2D Zone. Equipment has been secured for expansion, with mobilization expected by Q2 2025 and production from N2D beginning in the second half of the year. For...
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The company cited an “other expense” of $2.12 billion, a 67% increase from 2023, which included $445 million in foreign exchange losses, $295 million in legal and government proceedings, and $870 million in site rehabilitation provisions. Commodity price movements varied in 2024: Despite the loss, CEO Gary Nagle highlighted a strong operational year, with production...
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Enersense is contributing Finnish expertise to the expansion of a zinc plant in Odda, Norway, enhancing one of Europe’s largest zinc factories. Zinc is a key material for the construction and chemical industries, particularly in protecting steel from corrosion. Historically, zinc production has been associated with high carbon dioxide emissions and heavy metals, but Boliden’s...
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According to the latest data from the U.S. Geological Survey (USGS), recoverable zinc mine production in the United States totaled 45,700 metric tons in November 2024. Cumulative production from January through November reached 674,000 metric tons, slightly exceeding the 673,000 metric tons recorded during the same period in 2023. Daily recoverable production in November averaged...
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District Metals and Boliden Minerals have approved an increased exploration budget of CAD$3.0 million for 2025, a 50% increase from the previous year, to be equally allocated between the Tomtebo and Stollberg properties in Sweden. District Metals, as the operator of the collaboration, has commenced core drilling at the high-grade base metal polymetallic Tomtebo Property...
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Boliden announced a larger-than-expected rise in fourth-quarter core earnings on Thursday and increased its capital expenditure forecast for 2025, leading to a 3.6% rise in its share price. However, the Swedish miner also scrapped its dividend for last year to offset costs related to recent acquisitions. The company’s operating profit, excluding the revaluation of its...
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The City Council of Castrillón has granted Asturiana de Zinc (AZSA) a building permit for the installation of a photovoltaic plant covering 180,035 square meters. The decision was made during the council’s weekly meeting on Thursday. The plant will consist of 41,040 photovoltaic modules, according to a statement from the Castrillón Town Council. AZSA’s project...
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