According to the latest update from the U.S. Geological Survey (USGS), U.S. mines produced 84,100 metric tons of recoverable copper in November 2024. Average daily mine production remained at 2,800 metric tons, unchanged from October but 12% lower than in November 2023. Year-to-date mine output of recoverable copper through November 2024 totaled 948,000 metric tons,...
READ MOREPeru’s copper production could rise from nearly three million metric tons per year to four million in the coming years, according to Energy and Mines Minister Jorge Montero. “Just with the northern mining corridor, primarily in the Cajamarca region, we could increase annual copper production by one million fine metric tons, bringing total output from...
READ MOREMagna Mining has finalized the acquisition of a portfolio of base metals assets in the Sudbury Basin from an affiliate of KGHM International. The acquisition includes the operating McCreedy West copper mine, as well as the past-producing Levack, Podolsky, and Kirkwood mines. The deal, completed under a share purchase agreement dated September 11, 2024, also...
READ MOREFrontier Lithium has secured commitments from both the federal and Ontario governments to support the development of a lithium conversion facility in Thunder Bay. The project aligns with Canada’s goal of establishing a complete critical minerals supply chain. The facility will process lithium from Frontier’s PAK project, producing about 20,000 tonnes of lithium salts annually....
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 MOREThe lithium industrial complex in Llipi, located in the department of Potosí, produced just 2,064 tons of lithium carbonate in 2024, falling well short of its planned annual capacity of 15,000 tons. This output represents only 13.7% of the facility’s expected production. Omar Alarcón, executive president of Yacimientos de Litio Bolivianos (YLB), provided a breakdown...
READ MORECanada Nickel Company has completed front-end engineering and design (FEED) for its $2.5 billion Crawford nickel project near Timmins, Ontario, enhancing key financial and operational metrics. The Crawford project is the world’s second-largest nickel reserve and resource, according to Wood Mackenzie. Based on data from a winter geotechnical program, test piling, and updated cost estimates,...
READ MOREMidland Exploration, in partnership with Rio Tinto Exploration Canada (RTEC), has announced the launch of a second lithium drilling campaign at the Galinee project. Located approximately 5 kilometers east of the Adina lithium deposit owned by Winsome Resources, the project is wholly owned by Midland and is under an option agreement with RTEC, initially signed...
READ MOREAlcoa’s subsidiary, Alumina Pty. Ltd., has announced a proposed $1 billion offering of senior notes, according to a company news release on March 3. The notes will be guaranteed on a senior unsecured basis by Alcoa and select subsidiaries and will be offered in a private placement to qualified institutional buyers. The pricing and terms...
READ MOREArcadium Lithium has released its fourth quarter and full-year 2024 financial results, following the announcement of its pending acquisition by Rio Tinto in October 2024. Due to the ongoing transaction, the company has withdrawn its prior financial guidance and will not provide guidance for 2025. Arcadium Lithium also opted not to hold an earnings conference...
READ MORESibanye Stillwater announced on Wednesday that it will not proceed with its planned investment in the Rhyolite Ridge lithium project in Nevada, citing the sharp decline in lithium prices. Following a review of updated studies on the project, Johannesburg-based Sibanye determined that the investment no longer met its required hurdle rates under prudent pricing assumptions....
READ MOREAustralian iron ore mining company BHP is advancing with a $2 billion (A$3.16 billion) investment to optimize the concentrator at Escondida, the world’s largest copper mine. This is part of a broader $10.8 billion (10.18 trillion pesos) investment plan in Chile, according to a Reuters report. BHP plans to submit the investment plan for environmental...
READ MOREA massive power outage plunged most of Chile into darkness, leading the government to briefly declare a national emergency. The blackout affected the capital, Santiago, and the mining-intensive northern region, causing a temporary halt in copper production. Chile, the world’s largest copper producer, saw market disruptions as a result of the outage. Latin America’s electricity...
READ MOREAluminum producer Alcoa has cautioned that U.S. President Donald Trump’s proposed 25% tariff on aluminum imports could lead to the loss of approximately 100,000 jobs in the United States. The company also stated that the tariff alone would not be sufficient to prompt it to increase production at its U.S. facilities. Trump announced earlier this...
READ MOREAlcoa has announced that its chairman, Steven Williams, will be leaving the company. Williams, who has served as chairman since 2021 and has been a board member since Alcoa’s separation from Arconic in 2016, will not seek re-election at the company’s annual shareholder meeting later this year. Williams is a veteran executive with decades of...
READ MOREAnglo American and Chilean state-owned Codelco have signed a memorandum of understanding (MoU) to jointly develop adjacent copper mining projects in Chile. The partnership will establish a new entity to coordinate operations at the Los Bronces and Andina mines. The combined copper reserves from both sites account for 2% of global copper deposits, totaling 60...
READ MORETaseko Mines recorded revenues of $608 million in 2024, selling 108 million pounds of copper and 1.4 million pounds of molybdenum. Adjusted EBITDA for the year was $224 million, with earnings from mining operations before depletion and amortization at $244 million. Despite cost control measures, the company reported a net loss of $13 million ($0.05...
READ MOREU.S. oil giant Exxon Mobil is preparing to meet with Chilean officials to discuss potential lithium investments, according to a registry of lobbyist meetings and a source familiar with the matter. The move aligns with a broader trend of fossil fuel companies expanding into lithium production, a critical component for electric vehicle batteries. Exxon’s interest...
READ MOREAnglo American Platinum, a Johannesburg-listed platinum producer, has confirmed that its annual production guidance remains unchanged despite significant rainfall disrupting operations at the Tumela mine within the Amandelbult Complex. Preliminary assessments indicate that the 2025 metal-in-concentrate production target of 3.0 million to 3.4 million ounces remains unaffected. The Tumela mine accounts for approximately 10% of...
READ MOREAnglo American has announced the signing of a memorandum of understanding (MoU) between its 50.1% owned subsidiary, Anglo American Sur SA (AAS), and Chilean state-owned mining company Codelco. The agreement outlines a framework for a joint mine plan for their adjacent copper mines, Los Bronces and Andina, aiming to increase copper production with minimal additional...
READ MORETitan Mining has announced plans to expand production at its Empire State Mines (ESM) project, with the addition of 12 million payable pounds of zinc annually from the N2D Zone. Equipment has been secured for expansion, with mobilization expected by Q2 2025 and production from N2D beginning in the second half of the year. For...
READ MOREPursuit Minerals has revised its phased development strategy for the Rio Grande Sur lithium project in Argentina, introducing a modular design to support scalable production growth from 5,000 tonnes per annum (tpa) to 15,250 tpa. In Phase 1, the company will relocate an existing 250 tpa lithium carbonate pilot plant to the site, enabling early-stage...
READ MOREPiedmont Lithium recorded its highest-ever quarterly and annual shipments in 2024, with approximately 55,700 dry metric tons (dmt) of spodumene concentrate shipped in Q4 at an average price of $818 per dmt, generating $45.6 million in revenue. For the full year, shipments reached 116,700 dmt at an average price of $856 per dmt, resulting in...
READ MOREEquinor Energy and its operating partner, Standard Lithium, have received a $225 million grant from the U.S. Department of Energy (DOE) to support the development of the South West Arkansas (SWA) lithium project. The funding, provided by the DOE’s Office of Manufacturing and Energy Supply Chains, will aid in constructing a processing plant that utilizes...
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