Rohit Pathak, CEO of Copper Business at Hindalco Industries, has been appointed to the Board of Directors at the International Copper Association (ICA), recognizing his leadership and contributions to the global copper industry. In this role, Pathak will help shape international strategies, focusing on sustainability, industry growth, and best practices in copper production. His expertise...
READ MOREBritish investment firm Alkemy Capital Investments plc has signed a partnership agreement with American company Veolia Water Technologies Inc. to establish the first lithium hydroxide processing line at Tees Valley Lithium (TVL) in Teesside, UK. The partnership will leverage Veolia’s expertise in lithium recycling and advanced artificial intelligence technologies to enhance efficiency, reduce costs, and...
READ MOREACG has announced the appointment of Michael R. Pompeo, former U.S. Secretary of State, as a Non-Executive Director. Pompeo, who served as the 70th U.S. Secretary of State from 2018 to 2021 and as the Director of the Central Intelligence Agency from 2017 to 2018, brings extensive geopolitical expertise and a strong global network to...
READ MORECanadian company Mangrove Lithium has secured a $35 million (C$50.61 million) investment to construct a lithium refining plant in Delta, British Columbia. The facility, expected to be operational by late 2025, will be North America’s first electrochemical lithium refining facility, strengthening the lithium supply chain and enhancing regional energy security. The plant will produce battery-grade...
READ MOREIndia has allocated 163 billion rupees ($1.88 billion) to advance its critical minerals sector, aiming to secure essential raw materials such as lithium. The federal Ministry of Mines confirmed the funding, which will support domestic exploration and offshore mineral projects. The government expects an additional 180 billion rupees in public sector investment for critical minerals,...
READ MOREIn early Monday trading (January 27) in the Asian market, spot gold rebounded slightly, with prices currently near $2,773 per ounce. This marks a recovery of nearly $10 from the intraday low of $2,763.65 per ounce. Analysts predict that gold prices may soon challenge the all-time high of $2,790.15 per ounce, set on October 31...
READ MOREGold prices climbed to nearly three-month highs on Wednesday, January 22, reaching $2,763.42 per ounce during the session before closing at $2,756.10 per ounce. The rise comes despite a strengthening U.S. dollar, as strong safe-haven demand pushed gold prices decisively above the psychological $2,750 per ounce level. Market analysts attribute the surge to growing investor...
READ MOREInvestors in gold and silver may need patience in 2025 as the geopolitical landscape continues to drive market uncertainty. Saxo Bank, in a January 10 note, highlighted the challenges ahead, citing a “tug-of-war” between rising yields, delayed rate cut expectations, and dollar fluctuations, which are expected to contribute to increased volatility compared to 2024. Gold...
READ MOREIn Asian morning trading on Monday, January 20, spot gold experienced a sharp decline, dropping to an intraday low of $2,690.96 per ounce. This marks a continuation of the retreat seen in the previous session, as gold prices closed at $2,702.27 per ounce on Friday, down $12.08 or 0.45%. The decline in gold prices at...
READ MOREThe Public Investment Corporation (PIC) has raised its stake in Northam Platinum to 20%, reinforcing its commitment to the long-term prospects of platinum group metals (PGMs). This follows the PIC’s move last year to increase its holding in Sibanye-Stillwater to 15%, as the asset manager continues to back the green economy potential of PGMs, particularly...
READ MOREThe UK is set to sign a critical minerals partnership with Saudi Arabia during the Future Minerals Forum in Riyadh this week. The agreement is part of a broader effort by the UK to secure vital supplies of critical minerals, essential for manufacturing technologies like smartphones, laptops, artificial intelligence (AI), and clean energy solutions. UK...
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 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 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 MORELithium Americas has announced the completion of its joint venture (JV) with General Motors Holdings to fund, develop, construct, and operate the Thacker Pass lithium project in Humboldt County, Nevada. The project aims to supply battery-quality lithium carbonate for the North American critical minerals supply chain. Under the terms of the JV, Lithium Americas retains...
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