Nornickel, a leading Russian miner, has outlined its production targets for base and precious metals in 2024, forecasting a slight increase in nickel output. The company expects nickel production to rise by 1.2%, reaching 204-211 thousand tonnes. Copper output is projected to remain stable at 363-373 thousand tonnes, with an additional 66-70 thousand tonnes of...
READ MORERussian aluminum producer Rusal is experiencing increased production costs despite acquiring a 30% stake in Chinese alumina producer Hebei Wenfeng New Materials (HWNM) for $264 million in 2023. The investment granted Rusal access to 1.4 million tonnes of alumina annually, replacing lost supply from Ukraine’s Nikolayev refinery and Australia, which had accounted for 40% of...
READ MORESaudi Aluminum Casting Foundry, a subsidiary of Obeikan Glass, has commenced trial operations at its aluminum casting facility in Al-Madina Al-Munawwara Industrial City. The facility is set to produce a range of aluminum products as part of its manufacturing and casting processes. The company stated that the pilot phase will continue until factory equipment is...
READ MOREMAC Copper aims to boost copper production by 23% by 2026, driven by expansion projects at its CSA mine in Cobar, New South Wales. Over the next 18 months, the company plans to increase output through key initiatives. In 2024, MAC Copper raised production by 13% to 41,128 tonnes at a C1 cost of $1.92/lb....
READ MOREGlencore has released its full-year 2024 production report, highlighting a year of operational progress and strategic acquisitions. CEO Gary Nagle emphasized the importance of the acquisition of EVR and shareholder support for retaining Glencore’s coal business. The company saw a net addition to its mineral reserve base, particularly in copper at Antamina, bauxite at MRN,...
READ MORERusal is expanding its production capacity for advanced aluminium powders and pastes in the Irkutsk region, aiming to double its output. These materials are crucial for aerated concrete production, making Rusal a key supplier to Russia’s construction industry. The expansion is being carried out by OOO Metalcom, which oversees Rusal’s powder business. The company operates...
READ MORERio Tinto’s 74%-owned South African subsidiary, Richards Bay Minerals (RBM), has signed a deal with independent power producer Red Rocket South Africa for 230 MW of wind energy. The renewable power will supply RBM’s smelting and processing facilities at its Richards Bay ilmenite operation, the company announced on January 30. Red Rocket is developing the...
READ MOREBHP Group has commissioned Fluor Australia and Hatch Pty to oversee the staged expansion of its copper smelter and refinery facilities in South Australia, including at Olympic Dam, one of its largest copper projects. The first phase will see an investment of over A$40 million ($25 million) for strategy and planning. Phase one of the...
READ MORERHI Magnesita has finalized its acquisition of US-based Resco Group from Balmoral Funds LLC and management for an enterprise value of $410 million (€390 million). This marks the company’s largest investment since the 2017 merger of RHI and Magnesita. The acquisition strengthens RHI Magnesita’s position in North America by enhancing local production capabilities and securing...
READ MOREGaltco is set to establish a low-carbon aluminium production plant in Tolú, Sucre, with an estimated investment of $1.2 billion. The facility aims to produce over 350,000 tonnes of green aluminium annually from the Gulf of Morrosquillo, reinforcing Colombia’s role in sustainable aluminium production. On January 29, a Memorandum of Understanding (MoU) for the Galtco...
READ MORESantacruz Silver Mining has released its Q4 2024 production results from its Bolivar, Porco, and Caballo Blanco Group of mines in Bolivia, as well as its San Lucas ore sourcing business and Zimapán mine in Mexico. The company produced a total of 4,710,013 silver equivalent ounces, including 1,761,686 ounces of silver, 23,357 tonnes of zinc,...
READ MOREChina’s lithium carbonate production is expected to fall by approximately 17% in January to 59,800 tonnes, according to a survey conducted by Mysteel in early January. The decline is primarily attributed to domestic lithium converters and hydrometallurgical plants temporarily suspending production for maintenance and overhauls during the Chinese New Year (CNY) holiday. Mysteel’s latest survey...
READ MOREStardust Power, an American developer of battery-grade lithium products, has officially commenced construction on a $1.2 billion lithium refinery at the Southside Industrial Park in Muskogee, Oklahoma. The groundbreaking ceremony, held on January 22, was attended by company officials, Lieutenant Governor Matt Pinnell, Muskogee Mayor Patrick Cale, and other state and local representatives. The 66-acre...
READ MOREThe aluminium premium for shipments to Japanese buyers for the first quarter of 2025 has been set at $228 per metric ton, marking the highest level in nearly a decade. This represents a significant increase from the $175 per metric ton premium in the previous quarter and marks the fourth consecutive quarterly rise, according to...
READ MOREKorea’s major aluminum flat producers—Novelis Korea, Choil Aluminum, and Daeho Al—achieved a combined shipment of 865,148 tons in 2024, a 5.5% increase from 820,228 tons in 2023. However, domestic shipments fell by 7.2%, dropping from 329,363 tons to 305,616 tons, as the local market faced significant challenges. In contrast, export demand rose sharply, climbing from...
READ MOREThe production of recycled-content copper is projected to see a modest increase in 2024 compared to last year, according to data from the Lisbon-based International Copper Study Group (ICSG). Between January and November 2024, global secondary copper production exceeded 4.23 million metric tons (mmt). With at least 378,000 metric tons produced monthly in the last...
READ MOREMarine Air Flow International, an Australian manufacturer known for its engine ventilation equipment, has shifted to using Capral Aluminium’s LocAl Super Green, a low-carbon aluminium solution. This transition marks a step toward sustainability for the company, which supplies filtration systems to ensure clean air in marine engine rooms. Nearly half of its business comes from...
READ MOREThe bipartisan Congressional Aluminum Caucus has been re-launched, spearheaded by Congresswoman Carol Miller and Representatives Glenn Grothman, Haley Stevens, and Morgan McGarvey. The caucus aims to promote awareness of the U.S. aluminum industry, address key challenges, and highlight the metal’s essential role in modern manufacturing. Congresswoman Miller emphasized the economic and industrial significance of aluminum,...
READ MORECobalt prices have fallen to their lowest levels in nearly a decade, with the battery material trading at $11.02 per pound as of January 23. The price drop reflects record-high production levels, which continue to exert downward pressure on the market. The world’s largest cobalt producer, CMOC Group, achieved a record output of 114,165 tons...
READ MOREAlcoa, the largest aluminum producer in the United States, reported a net profit of $60 million for 2024, reversing a loss of $651 million from the previous year. The company attributed its improved performance to lower raw material and energy costs, alongside higher alumina and aluminum prices, though these gains were partially offset by increased...
READ MORECentury Aluminum has entered Phase One of a four-phase agreement under the U.S. Department of Energy’s (DOE) grant initiative, first extended in March 2024. The project aims to strengthen domestic aluminum manufacturing capacity, reduce reliance on imports, and secure critical supply chains vital to national security and economic growth. In March 2024, Century was chosen...
READ MOREFirst Quantum Minerals (FQM) achieved strong copper production results in 2024, surpassing its guidance with an annual output of 431,000 tonnes. The performance exceeded the company’s expected range of 400,000-420,000 tonnes, reflecting a year-on-year increase of 54,000 tonnes. The growth was driven by higher ore grades at Kansanshi and increased throughput at Sentinel. Kansanshi delivered...
READ MOREAs the Chinese New Year nears, trading activity in the nickel sulfate market has slowed, with most companies having already completed their procurement. Only a few downstream enterprises continue to make purchases. Amid margin inversions, producers have started to reduce production while holding prices and stockpiling. Additionally, Indonesia’s recently announced nickel ore quota has restricted...
READ MOREIn its final days, the Biden administration has allocated funding to advance green aluminum initiatives, releasing an initial tranche of up to $500 million to Century Aluminum Co. for the construction of the nation’s first green aluminum smelter and $17.4 million to Norsk Hydro ASA for a technology upgrade at an aluminum recycling plant in...
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