Sierra Metals expects to boost production of copper, zinc, silver, and lead in 2025 as the company ramps up throughput rates and focuses on resource growth at its Yauricocha Mine in Peru and Bolivar Mine in Mexico. 2025 Guidance The company stated that at current metal prices, it expects to generate strong operating cash flows...
READ MOREAntofagasta’s copper production for 2024 fell slightly below the company’s expectations but showed a 1% increase from the previous year. The Anglo-Chilean miner reported producing 664,000 tons of copper, which was at the lower end of its guided range of 670,000 to 710,000 tons. In the fourth quarter, copper production reached 200,300 tons, up 12%...
READ MORERio Tinto’s fourth-quarter production results reflect steady operational progress alongside challenges in key areas. The company celebrated milestones such as the successful ramp-up of the Oyu Tolgoi underground copper mine in Mongolia and the commencement of lithium production at the Rincon project in Argentina, while overall commodity production displayed varied performance. Chief Executive Jakob Stausholm...
READ MOREAnalysts forecast a decline in zinc prices in 2025 as global refined zinc production rebounds and demand remains subdued. BMI, a research agency under Fitch Solutions, projects a surplus of 270,000 tonnes for the year, reversing the 184,000-tonne deficit anticipated in 2024. Preliminary data from the International Lead and Zinc Supply Group (ILZSG) show that...
READ MORECodelco, the world’s largest copper producer, managed to lift its annual copper output in 2024 to 1.328 million metric tons, narrowly escaping a 25-year low. However, concerns from union workers and analysts cast doubt on whether the company’s methods are sustainable as it targets an ambitious annual output of 1.7 million metric tons by the...
READ MOREChina’s Ministry of Natural Resources announced a substantial increase in the country’s measured and indicated lithium reserves, now accounting for 16.5% of global resources, up from 6%. This surge positions China as the world’s second-largest holder of lithium reserves, trailing only Chile. The significant rise stems from extensive discoveries along the 2,800-kilometer West Kunlun-Songpan-Ganzi lithium...
READ MOREMinerals Development Oman (MDO), the country’s premier mining investment entity, has signed a $30 million contract with Finnish industrial machinery company Metso for the supply of a cutting-edge copper concentrate plant. This plant is a key component of MDO’s Mazoon Copper Project, under development in the Wilayat of Yanqul. The agreement was formalized during the...
READ MOREGoGold Resources reported a significant production increase for the quarter ending December 31, 2024, totaling 551,337 silver equivalent ounces. This output consisted of 226,343 ounces of silver, 3,213 ounces of gold, 121 tonnes of copper, and 161 tonnes of zinc. The surge in production represents a 36% increase compared to previous quarters, attributed to the...
READ MORECruz Battery Metals Corp. will acquire the 580-acre Central Clayton Valley Lithium Brine Project in Nevada, expanding its regional footprint to 820 acres. The $115,000 deal includes BLM fees and staking costs, plus seven million shares under a four-month hold, pending regulatory approval. The project, with 29 claims, is surrounded by SLB’s Clayton Valley lithium...
READ MOREChina’s Zijin Mining Group Co. is advancing its presence in the global lithium market with ongoing talks to acquire a stake in Zangge Mining Co. Ltd., a move that could lead to a full takeover. Zijin disclosed the potential deal in a statement to the Hong Kong Exchange, signaling its continued expansion strategy beyond copper...
READ MOREThe Indonesian government is considering allowing mining giant Freeport Indonesia to resume copper concentrate exports this year after its permit expired on January 1. Energy Minister Bahlil Lahadalia confirmed that Freeport has formally requested a renewal of its export license, and the government is currently processing the application. “We are discussing this matter with the...
READ MOREInvestors are showing strong interest in bauxite mining and processing projects in Vietnam’s Central Highland Province of Đắk Nông, with total investment commitments reaching $8 billion, according to the provincial People’s Committee. Under the government’s development plan, Đắk Nông will host four new bauxite mining and processing factories, each expected to cost under $1 billion....
READ MORENickel producers are bracing for a challenging year in 2025 as the global market remains oversupplied, pushing prices downward. Analysts point to Indonesia’s rapidly growing nickel industry as a key factor disrupting global supply and contributing to the price slump. However, the world’s largest nickel producer has announced plans to cut production by nearly 40%,...
READ MORENew Gold reported its fourth quarter and full-year 2024 operational results as of December 31, 2024, showcasing its highest production quarter of the year. The company plans to release its operational outlook, technical reports for Rainy River and New Afton, and updated Mineral Reserve and Resource Statement after market close on February 12, 2025. A...
READ MOREAlmalyk Mining and Metallurgical Combine (AMMC) plans to ramp up copper production to 500,000 tons annually by 2030, according to Abdulla Khursanov, Chairman of AMMC. The expansion will be driven by new projects in the Tashkent region, focusing on developing non-ferrous and precious metal deposits at the Almalyk and Angren ore fields and processing waste...
READ MOREThe global lithium market experienced a sharp slowdown in 2024 following years of rapid growth, primarily due to underwhelming electric vehicle (EV) sales outside the Asia-Pacific region. While EV sales in Asia, especially China, remained strong, the Americas saw slowed growth, and Europe faced declining sales, significantly impacting lithium demand. Simultaneously, a surge in new...
READ MOREChina’s leading copper smelters have agreed to reduce processing charges for copper concentrate in the first quarter of 2025 due to a continued shortage of copper ore, according to industry sources. During a meeting of the China Smelters Purchase Team in Shanghai, smelters set new guidance for treatment and refining charges (TC/RCs) at $25 per...
READ MOREJSW Group has entered the non-ferrous metals sector by acquiring two copper mines in Jharkhand, India, from Hindustan Copper through a competitive bidding process. This diversification aligns with the rising global demand for copper driven by electric vehicles, renewable energy projects, construction, and consumer appliances. Under the agreement, JSW will handle the development, capital investment,...
READ MOREBolivia’s state-owned Yacimientos de Litio Bolivianos (YLB) announced that its Lithium Carbonate Industrial Plant in Uyuni, Potosí, is on track to boost production in 2025. The increase follows the stabilization of brine supply and auxiliary services at the facility, allowing for more consistent operations. YLB attributed this progress to ongoing stabilization and parameter adjustments, which...
READ MORECentral 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 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 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...
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