Pure Lithium Corporation, a vertically integrated lithium metal battery technology company, has received funding from the U.S. Department of Energy’s Vehicle Technology Office to scale the production of lithium metal anodes using recycled lithium metal. The initiative is being carried out in partnership with Argonne National Laboratory. The project focuses on recovering lithium metal waste...
READ MOREVale Base Metals, a privately held entity spun out from Brazilian mining giant Vale S.A., is aiming to double its copper production to approximately 700,000 tons per year by 2035, according to CEO Shaun Usmar. Speaking at the 2025 BMO Global Metals, Mining & Critical Minerals Conference, Usmar emphasized the company’s strategic focus on battery...
READ MOREU.S. Commerce Secretary Howard Lutnick stated that President Donald Trump’s expanded 25% tariffs on steel and aluminum will remain in place until domestic production is significantly strengthened. Lutnick also revealed that Trump plans to include copper in his trade protections, marking a further escalation in U.S. trade policy. Speaking to Fox Business Network, Lutnick said...
READ MOREElectra Battery Materials, poised to become the only cobalt sulfate refinery in North America, is navigating financial hurdles as it works to complete its Temiskaming Shores facility in Northern Ontario. Construction at the site stalled in 2023 due to funding shortages, but the company remains optimistic about securing the remaining capital needed to resume operations....
READ MOREMining company Boliden’s Nomination Committee has proposed Victoire de Margerie as a new member of the Board of Directors. The proposal will be presented at the company’s Annual General Meeting on April 23. Alongside de Margerie’s nomination, all current board members have been proposed for re-election, with Karl-Henrik Sundström recommended to continue as Chairman of...
READ MORERusal has reached an agreement with Indian firms Pioneer and KCap to acquire a stake in Pioneer Aluminium Industries, an alumina producer. The deal will see Rusal’s subsidiary purchase up to 50% of the company’s shares in three stages. According to a filing on the Hong Kong Stock Exchange, Rusal will acquire an initial 26%...
READ MORETeck 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...
READ MORERevex Technologies has been awarded a $145 million grant from the U.S. Department of Energy’s Office of Manufacturing and Energy Supply Chains (MESC) to advance the REV Nickel Project. The funding, issued on January 15 but delayed due to administration changes, will support sustainable nickel concentrate production from metal-bearing waste streams, including mine tailings and...
READ MORESpot rhodium prices have climbed to their highest levels in 20 months, driven by increased buying interest from Anglo American Platinum (Amplats) and tight first-quarter supply from South Africa. Prices have risen 20% this month, breaking above $5,000 per troy ounce before reaching $6,040 on Tuesday—the highest since June 2023—before retreating to $5,640 on Wednesday....
READ MOREPremiums for aluminum buyers in the U.S. physical market surged to record highs on Tuesday following President Donald Trump’s announcement that tariffs on Canadian aluminum would double to 50%. The increase, set to take effect Wednesday, comes in response to Ontario imposing a 25% tariff on electricity exports to the U.S. Physical aluminum transactions typically...
READ MOREThe world’s capacity to produce cobalt and lithium—two essential elements for batteries used in mobile devices, tools, and electric vehicles—is expected to double over the next five years, according to the U.S. Geological Survey’s (USGS) inaugural World Minerals Outlook. Meanwhile, production capacity for gallium, palladium, platinum, and helium is expected to remain stable. “The USGS...
READ MOREEcoPro Innovation has signed a joint development agreement with Canadian power company Hydro-Quebec to advance next-generation lithium metal cathode technology. The agreement marks a significant expansion for EcoPro Innovation, moving beyond lithium processing into cathode material development and strengthening its position in the all-solid-state battery market. The signing ceremony took place at the InterContinental Hotel...
READ MOREShanghai copper prices outperformed other base metals on Wednesday, driven by expectations of increasing demand from China’s power and construction sectors. The most-active copper contract on the Shanghai Futures Exchange (SHFE) closed 2.08% higher at 79,410 yuan ($10,962) per metric ton, reaching an intraday high of 79,470 yuan—its highest level since September 30. According to...
READ MORESpot gold experienced a sharp drop in early Asian trading on March 7, falling from a session high of $2,914 per ounce to an intraday low of $2,896.40 per ounce. Analysts attribute the decline to profit-taking ahead of the U.S. Non-Farm Payrolls report and rising U.S. Treasury yields, which reduced the appeal of the non-yielding...
READ MORELithium Americas has announced a strategic investment of $250 million from Orion Resource Partners LP to support the development and construction of Phase 1 of the Thacker Pass lithium project in Nevada. Orion has committed to purchasing senior unsecured convertible notes totaling $195 million and entering into a Production Payment Agreement (PPA) worth $25 million,...
READ MOREVale Overseas, a wholly owned subsidiary of Vale S.A., has announced the Total Consideration payable in connection with its previously disclosed cash tender offers for outstanding notes. The offer applies to a maximum aggregate principal amount of notes up to US$450,000,000, excluding any premium and accrued interest. The Offers are subject to the conditions outlined...
READ MOREThe World Platinum Investment Council (WPIC) has published its Platinum Quarterly report for Q4 2024 and the full year, providing an updated forecast for 2025. The platinum market recorded a significant deficit of 995 koz in 2024, exceeding earlier projections by 46%, as total demand surpassed 8 Moz for the first time since 2019. Strong...
READ MOREThe lithium market is experiencing a sharp price drop due to increased global supply and weaker demand. In February 2025, lithium carbonate CIF North Asia prices fell below $10,000 per metric ton, marking a 4.5% decline to $9,550/t, the lowest level since February 2021. Analysts anticipate further production cuts throughout 2025 to stabilize the market....
READ MORERio Tinto has finalized its acquisition of Arcadium Lithium for $6.7 billion, following the approval of the Scheme of Arrangement by the Royal Court of Jersey on 5 March. Arcadium Lithium will now be rebranded as Rio Tinto Lithium and will include the Rincon lithium project as part of its portfolio. This acquisition strengthens Rio...
READ MOREChilean lithium producer SQM plans to reduce its investment budget to $1.2 billion in 2025, down from $1.6 billion in the previous year. Capital expenditures for lithium assets will decrease from $1.3 billion to approximately $900 million, with $550 million allocated for projects in Chile and $350 million for international developments. SQM’s revenue from lithium...
READ MOREFrance significantly increased its titanium imports from Russia in 2024, reaching a historic high of €108.6 million, according to Eurostat data analyzed by RIA Novosti. France imported 2,400 tonnes of Russian titanium last year, with the value of purchases rising by nearly 19% compared to the previous year. In volume terms, imports increased by 22%,...
READ MOREVale Indonesia’s new nickel-ore sales initiatives are anticipated to be a key growth driver in 2025, according to a research report by Nomura’s Ahmad Maghfur Usman and Verdhana Sekuritas analysts. The company has disclosed improved feasibility for its upstream mine and high-pressure acid leach (HPAL) projects, with a planned gross investment of $8.6 billion. Nomura...
READ MORECanada provides nearly half of the nickel used in the United States, but ongoing trade tensions between the two nations have raised concerns about future supply agreements. Mark Selby, CEO of Canada Nickel Company, stated in an interview with BNN Bloomberg that Canada could explore alternative trading partners if necessary. Nickel is a key component...
READ MOREJefferies has added Barrick Gold to its list of preferred North American copper miners, despite the company primarily generating revenue from gold. The investment bank acknowledges the unconventional nature of the call but expects Barrick’s attributable copper production to double to over 450,000 metric tons annually, contributing approximately 25% of its revenue later this decade,...
READ MORE
