Apple, 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 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 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 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 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 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 MORECymat Technologies, a Canadian manufacturer of stabilized aluminum foam founded in 2006, and Rio Tinto Alcan, a major global aluminum producer and the sole major supplier of proprietary metal matrix composites, have entered into a letter of intent for the acquisition of MMC technology and customer relationships. The transaction positions Cymat to capture $7.5-10 million...
READ MOREHindalco Industries, India’s largest aluminium producer and metals flagship of the Aditya Birla Group, has acquired AluChem Companies, a US specialty alumina manufacturer operating since 1978, for $125 million as part of a broader strategy to capture growing demand from electric vehicle and semiconductor industries. The transaction provides the Indian metals giant with 60,000 tonnes...
READ MORERio Tinto, a British-Australian multinational and the world’s second-largest metals and mining corporation, has signed a nonbinding memorandum of understanding with Reed Advanced Materials, an Australian lithium technology developer, to validate the ELi Process that could reduce processing costs for converting lithium brines into battery-grade chemicals. The collaboration builds on successful pilot trials conducted at...
READ MORENth Cycle, a Boston-area technology company co-founded by MIT Associate Professor Desirée Plata, CEO Megan O’Connor, and Chief Scientist Chad Vecitis, has launched commercial operations at a facility in Fairfield, Ohio, producing mixed hydroxide precipitate containing nickel and cobalt from electronic waste and battery scrap. The company’s “electro-extraction” technology represents an attempt to challenge Chinese...
READ MORELondon Metal Exchange copper has posted a 12% gain through the first half of 2025, outperformed only by volatile tin markets, as US President Donald Trump’s trade investigation launched in February created substantial price differentials between American and international markets. The CME copper contract currently trades at a $1,200 per metric ton premium over LME...
READ MOREHalliburton, a US oilfield services company with operations spanning drilling, completion, and production services, has been awarded a contract by GeoFrame Energy, a privately-held lithium development company, to design demonstration wells in the Smackover Formation of East Texas. The project targets lithium extraction from geothermal brines using direct lithium extraction technology, with work expected to...
READ MOREThe Battery Metals Association of Canada, a trade organization representing battery-metals explorers and producers, has released comprehensive reports identifying Western Canada as an optimal location for mid-stream critical-minerals processing facilities that could capture greater economic value from the country’s abundant mineral resources. The analysis, conducted by Transition Accelerator consultants, targets nine critical minerals—including copper, lithium,...
READ MOREWestern metal smelting operations face an unprecedented crisis as competition with technology companies for electricity resources drives power costs beyond economically viable levels, threatening government efforts to reshore critical industrial capacity. The crisis has intensified as artificial intelligence data centers consume increasing amounts of electricity, with tech companies willing to pay double traditional industrial rates...
READ MOREPresident Donald Trump has confirmed on July 9th that the United States will apply 50% tariffs to all imports of copper starting August 1st, after what he called a “robust national security assessment”. The news initiated the biggest one-day copper price rise in recorded history, with New York Comex futures jumping 17% before closing 2.6%...
READ MOREAurubis, copper and precious metals recycler, is betting on a €740 million ($868 million) investment in Richmond, Georgia to accelerate earnings from fiscal 2026/27 after start-up losses, while guiding current-year operating pre-tax profit to the middle of a €300–€400 million ($352–$469 million) range. The first Richmond module is due to start in September 2024, with...
READ MORETroilus Gold, a Canadian mineral exploration and development company, has reached an agreement on indicative commercial offtake terms with Aurubis, a global copper smelter headquartered in Hamburg, Germany. The agreement covers the copper-gold concentrate expected to be produced from Troilus’ project in north-central Quebec, Canada. This development helps to underpin the project’s financial profile as...
READ MORETeck Resources has approved the expansion of its Highland Valley Copper mine in British Columbia, pushing planned mine life out from 2028 to 2046. Average annual production is projected at 132,000 tonnes of copper. The project carries a capital cost of C$2.1–C$2.4 billion (US$1.54–1.76 billion), to be spent between late 2025 and 2028, with full...
READ MOREAnglo American, the diversified miner, reported second-quarter copper production of 173,300 tonnes. That was 3% higher than the previous quarter on stronger throughput at Peru’s Quellaveco, yet 11% lower year on year after planned reductions in Chile. The group kept its 2025 copper guidance unchanged at 690,000–750,000 tonnes. Rough diamond output slumped 36% to 4.1...
READ MORESibanye-Stillwater, diversified precious-metals producer and recycler, has agreed to acquire Metallix Refining, a US-based processor of industrial waste streams, for a cash consideration of $82 million and an enterprise value of $105 million. The seller’s headline rand figure of R1.45 billion equates to about $81.2 million at today’s rate, broadly in line with the dollar...
READ MOREVale Base Metals, the copper and nickel unit of Brazilian mining giant Vale SA, is aiming for an Initial Public Offering (IPO) by 2027 or potentially sooner, according to CEO Shaun Usmar. The move is intended to position the subsidiary for a premium valuation over other metals producers and provide strategic flexibility in a dynamic...
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