Zimbabwe’s Minerals Marketing Corporation, the state minerals marketer, and Zhejiang Huayou Cobalt, the Chinese battery-materials group that leads hard-rock lithium mining in the country, have reported a 30 per cent year-on-year rise in exports of spodumene concentrate to 586,197 t in the first half of 2025, even as global lithium prices languish near three-year lows....
READ MOREVale Indonesia, the Jakarta-listed nickel miner 60 percent owned by Vale Base Metals and state holding MIND ID, plans to raise US $500 million in early 2026 from a syndicate of local and international banks and a further US $500-700 million via bonds in 2027, chief financial officer Andaru Brahmono Adi told investors in Jakarta....
READ MOREBHP, the diversified mining group, and Lifezone Metals, a Tanzania-focused refinery and technology developer, have agreed that Lifezone will acquire BHP’s entire 17 percent interest in the Kabanga nickel project for deferred consideration of up to $83 million. The transaction, announced on Friday, will lift Lifezone’s holding to 84 percent, with the Tanzanian government retaining...
READ MOREApple, the California-based consumer-electronics group, and MP Materials, the Las Vegas-listed rare-earth miner and magnet producer, have struck a $500 million agreement to supply neodymium-iron-boron magnets for future iPhones, iPads and MacBooks from 2027. The venture—announced as Washington presses multinationals to “on-shore” strategic inputs—will centre on MP’s expanded plant in Fort Worth, Texas and a...
READ MOREContract Termination Caps Off-taker Risk The original 2018 contract obliged Cloud Snurran to supply a baseload 300 gigawatt-hours (GWh) a year from 2020 to 2030, rising to 550 GWh annually between 2031 and 2049—equivalent to roughly 0.3 % and 0.6 % respectively of Hydro’s normal-year equity power output in Norway. Deliveries stopped in November 2024...
READ MOREBHP, the world’s largest diversified miner, has lifted annual copper production 8 % to an all-time high of 2.02 million t for the financial year to 30 June 2025, brushing the top of its 1.845-2.045 million t guidance range. The gains were driven by richer ore at Chile’s Escondida mine, where head grade climbed to...
READ MOREAlcoa turned a nimble rerouting strategy into hard cash last quarter. The Pittsburgh-based aluminium maker posted net income of $164 million, or $0.62 per share, up from just $20 million a year earlier, after steering Canadian metal away from the United States once Washington doubled Section 232 duties to 50 percent. Adjusted earnings landed at...
READ MOREChina’s General Administration of Customs, the national trade monitor, said imports of unwrought aluminium and products reached 300,000 t in June, up 24.1 % from a year earlier, while bauxite arrivals soared 36.2 % to 18.12 Mt, underscoring the pull from smelters ramping output to multi-year highs. Smelter Restarts and Arbitrage Fuel Metal Flows Restarts...
READ MOREAugusta Gold, a Canadian junior focused on southern Nevada, and AngloGold Ashanti, a Denver-based multinational gold producer, have agreed an all-cash transaction under which AngloGold will acquire all outstanding Augusta shares for C$1.70 (US$1.24) apiece, valuing the equity at roughly C$152 mn (US$111 mn). Including the repayment of about C$45 mn (US$33 mn) in shareholder...
READ MOREInalum, the state-owned aluminium producer, has asked the Indonesian government to tighten raw-material import rules and stimulate domestic demand after Washington doubled its tariff on imported aluminium to 50 per cent. Company president Melati Sarnita told Parliament the new US levy could slash exports of processed Indonesian products by about 30,000 tonnes next year, squeezing...
READ MOREAlcoa, United States-based aluminium producer, and Ignis EQT, Spanish renewable-energy developer, have resumed the phased restart of the 228,000-tonne-per-year San Cibrao smelter in Galicia after securing government assurances that April’s nationwide power outage will not recur. The partners now expect the plant to remain loss-making to the tune of €77–94 million ($89–109 million) in 2025...
READ MORERio Tinto, diversified mining group, has absorbed about $300 million in extra costs since March after the United States lifted import duties on Canadian aluminium to 50 per cent, a move the company says only partly offset by a surge in U.S. Midwest premiums for the metal. Tariff Impact on Rio’s Aluminium Flows The...
READ MOREAterian, a London-listed critical-minerals explorer, and Rio Tinto, the world’s second-largest miner, have reported high-grade lithium hits at their Kinunga joint-venture project in Rwanda, including 3.2 % Li over 3.5 m and 2.1 % Li over 6.9 m. The results, from the first two of 12 planned targets, prompted Rio Tinto to exercise a Stage-1...
READ MORERusal, Russia’s largest aluminium producer, is negotiating with the Ministry of Industry and Trade and key State Duma committees for new policy instruments that would ease the import of bauxite and alumina feedstock into Russia and allow the company to accelerate investment in mines and refineries in “friendly” jurisdictions. Deputy chief executive Oleg Vaitman told...
READ MOREBHP—the world’s biggest listed miner and a heavyweight in iron ore, copper and metallurgical coal—has struck memoranda of understanding with Contemporary Amperex Technology (CATL), China’s battery behemoth, and FinDreams Battery, the cell-making arm of EV giant BYD. Together they will develop battery-electric haul trucks, locomotives and on-site charging kits for BHP operations worldwide. The goal:...
READ MOREIvanhoe Electric’s Santa Cruz project in south-central Arizona is hurtling toward construction early next year. A recently filed feasibility study outlines a 23-year underground operation capable of turning out 72,000 tonnes of copper cathode a year during its first 15 years—enough to make it the most productive U.S. mine since 2007. The sprint to production...
READ MORESumitomo, Japanese trading house and majority owner of Madagascar’s Ambatovy nickel and cobalt operation, kept its full-year production forecast in the “mid-30,000-ton” range after reporting about 7,000 tonnes of nickel in the first quarter of the current fiscal year—down from roughly 8,000 tonnes a year earlier—as operations recovered from a precautionary pipeline inspection. The company...
READ MOREOrion Minerals, Northern Cape base-metals developer, and the Industrial Development Corporation of South Africa, state financier, have moved their focus to project financing and concentrate offtake agreements after a July capital raise to advance the Prieska Copper Zinc Mine (PCZM). The package comprised a placement of ~289 million shares and conversion of loan amounts via...
READ MOREAnglo American, diversified miner, reported a first-half loss attributable to shareholders of $1.88 billion as lower production from Copper Chile and De Beers dragged revenue down 7% to $8.95 billion, prompting an 83% cut in the interim dividend to $0.07 a share. The stock fell about 5% to 2,120 pence (≈$28.05 at £1=$1.3248) in London...
READ MOREInventories of aluminum in London Metal Exchange (LME) warehouses have fallen to their lowest levels since 2022, creating significant underlying volatility in the market despite a seemingly stable headline price. Stocks have decreased from over 1.3 million metric tonnes two years ago to approximately 345,000 tonnes as of mid-June 2025. This tightening of available supply,...
READ MOREAdani Enterprises, a diversified Indian conglomerate, has started processing ores at its new Kutch Copper smelter in Gujarat, India, after facing multiple delays. The facility, designed to be one of the world’s largest single-location smelters, commences operations at a time of unprecedented tightness in the global market for copper concentrate, the raw material it needs...
READ MOREThe Canadian federal government announced on Thursday that it will adjust its retaliatory tariffs on U.S. steel and aluminum products starting July 21, 2025, a move directly tied to the progress of intense trade negotiations with the Trump administration. The adjustment is part of a multi-pronged strategy to protect Canadian industries from what Ottawa has...
READ MORECentral Asia Metals (CAML), a British non-ferrous metals mining company, has revised its offer to acquire Australia’s New World Resources, raising the value to A$197 million (approximately US$130 million) from the initial A$185 million (US$119 million), according to a company announcement. The updated terms include immediate interim financing of $10 million as part of the...
READ MORECopper prices edged lower in the immediate aftermath of U.S. airstrikes on Iranian nuclear sites, defying expectations of a geopolitical risk premium for the industrial metal. Official trading data show both London and U.S. copper futures dipped by 0.1% to 0.3% in the first session following the attack, with benchmark contracts on the London Metal...
READ MORE
