Global Ferronickel Holdings reported a 51.82% decline in attributable net income in 2024, falling to PHP 743.9 million (USD 13.2 million) from PHP 1.54 billion (USD 27.3 million) the previous year. The company cited weaker nickel ore prices and rising costs as the primary reasons for the downturn. Revenue from contracts with customers dropped 13.37%...
READ MOREIndia’s JSW Group is preparing to establish a major copper smelter in the eastern state of Odisha, aiming for an initial capacity of 500,000 metric tons by 2028/29, with plans to double output to 1 million metric tons by 2033/34, a source familiar with the matter told Reuters. The facility is expected to be fed...
READ MOREThe Philippines has invited India to source nickel for battery production, aiming to diversify its export markets and reduce dependence on China, which currently accounts for 98% of its nickel exports. Foreign Minister Enrique Manalo emphasized the need for stronger trade partnerships, highlighting the opportunity for greater economic collaboration between Manila and New Delhi. Speaking...
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 MORETaiwanese aluminum extrusion manufacturer Alformer Industrial Co. will invest nearly NT$1 billion ($31.6 million) to establish a new factory in Beidou, Changhua. The facility will focus on producing high-strength aluminum alloy formwork, integrating smart manufacturing and automation technologies, and adopting MES warehouse management and robotic arm welding systems. Initially specializing in aluminum doors and windows,...
READ MOREIndonesia’s Ministry of Energy and Mineral Resources is weighing an increase in mining taxes across various minerals, including copper and coal, as part of a shift from fixed-rate royalties to a price-dependent structure. The proposal, outlined in a public consultation document released over the weekend, comes as the government seeks additional revenue to fund major...
READ MOREGlobal aluminum producers have proposed premiums of $245 to $260 per metric ton for April-June primary metal shipments to Japan, marking a 7% to 14% increase from the previous quarter, according to sources involved in the pricing discussions. Japan, a key importer of aluminum in Asia, sets a regional benchmark for quarterly premiums over the...
READ MOREThe Wa Self-Governing Zone in northeastern Myanmar has announced plans to issue licenses for the development and processing of tin ore from the Man Maw mine, according to the International Tin Association (ITA). If the reopening proceeds as planned, operations could resume in the second half of 2025, alleviating disruptions in the global tin market....
READ MORESaudi Arabia has announced plans to attract approximately 375 billion riyals ($100 billion) in mining sector investments by 2035 as part of its Vision 2030 strategy to reduce dependence on oil revenues. The initiative was outlined by Khalid Al-Mudaifer, Deputy Minister of Industry and Mineral Resources for Mining Affairs, during the BMO Global Metals, Mining,...
READ MOREKorea’s domestic aluminum flat product prices saw an increase for March deliveries as Choil Aluminum and Novelis Korea raised their prices by 90,000 won per ton. Export prices also rose by $80 per ton, following gains in London Metal Exchange (LME) aluminum prices, which climbed from $2,574.95 per ton in January to $2,653.38 per ton...
READ MOREAccording to SMM statistics, China’s aluminum production in February 2025 increased by 0.4% year-on-year but fell by 95,000 tonnes compared to January. The monthly decline was attributed to lower casting ingot output during the Chinese New Year holiday, while the overall operating capacity increased due to production resumptions and new replacement projects following an improvement...
READ MOREAn Indonesian nickel producer has announced a $1.8 billion investment in the construction of a new nickel and cobalt processing plant, as the country seeks to enhance the value of its mineral production. PT Merdeka Battery Materials confirmed this week that it has signed agreements to build the facility on the island of Sulawesi (Celebes)....
READ MOREPT Vale Indonesia announced that its 2024 nickel production reached 71,311 metric tons, surpassing its annual target of 70,805 metric tons and exceeding the previous year’s output of 70,728 metric tons. Sales volume for 2024 increased to 72,625 metric tons, reflecting a 2% rise compared to 2023 and an 8% quarterly increase in Q4 2024...
READ MOREMobec Innovation has inaugurated its first lithium battery recycling facility in Noida, Uttar Pradesh, with an annual processing capacity of 6,000 tonnes. The plant aims to reduce India’s dependence on imported critical minerals while aligning with national sustainability goals. The Uttar Pradesh Pollution Control Board has granted environmental certifications for the facility. Expanding beyond its...
READ MORENickel prices exhibited a downward trend last week, with spot prices fluctuating between 123,200-127,300 yuan/mt and SHFE nickel futures ranging from 123,300 yuan/mt to 126,300 yuan/mt. Premiums for Jinchuan No.1 nickel were quoted between 1,700-2,100 yuan/mt, with an average premium of 1,850 yuan/mt, declining week-on-week. Market trading remained sluggish, while downstream end-use demand remained weak,...
READ MOREHindalco Industries has signed a Memorandum of Understanding with the Madhya Pradesh government to invest ₹15,000 crore (USD 1.8 billion) over the next two years. The announcement was made at the Madhya Pradesh Global Investors Summit (GIS) 2025 in Bhopal on Monday. Speaking to ANI, Hindalco’s Managing Director Satish Pai stated, “In the next two...
READ MOREEmirates Global Aluminum (EGA) is evaluating clean energy opportunities in Indonesia following a clarification that it has no plans to build a nuclear power plant in the country. The Indonesian government updated its statement after initially suggesting EGA aimed to develop a nuclear facility with a capacity of up to 5 gigawatts. Indonesia’s Ministry of...
READ MOREJapan’s influence in quarterly aluminium premium negotiations continues to decline due to reduced imports of primary ingots and the sale of overseas smelter holdings by Japanese firms. This shift could lead to higher import premiums, adding pressure to an economy already affected by inflation, rising interest rates, and a weak yen, according to industry experts....
READ MOREThe National Iranian Copper Industries Company (NICICO) reported a two percent increase in crude copper production during the first 10 months of the current Iranian year (March 20, 2024 – January 19, 2025) compared to the same period the previous year. According to Deputy CEO of Development & Production Kioumars Mobalegh Nasseri, production reached 254,000...
READ MOREAluminium prices declined by 0.98%, settling at 257.65, as production in China gradually resumed. Domestic operating capacity is expected to rise in February, following a 3.8% year-on-year increase in January’s aluminium production, though output dipped 0.3% from the previous month. While most smelters maintained stable production, Shanxi recorded a reduction of 20,000 metric tons per...
READ MOREThe Trump administration has confirmed that a 25% tariff on all foreign aluminum imports to the United States will take effect on March 4. The announcement followed President Donald Trump’s signing of the order, which he said aims to simplify tariffs on metals and ensure clarity in their application. “This is 25 percent with no...
READ MOREAs U.S.-China trade tensions escalate into export controls on rare metals, Korea Zinc’s role in maintaining supply chain stability for critical minerals has become increasingly significant. On February 4, China announced immediate export controls on five key metals—tungsten, molybdenum, indium, bismuth, and tellurium—just minutes after U.S. President Donald Trump’s additional 10% tariff on Chinese goods...
READ MORESumitomo Corporation announced its Q3 FY2024 financial results, reporting a consolidated profit of JPY416.5 billion ($3.48 billion), an increase of JPY12.4 billion from the same period last year. Driven by strong performance in non-mineral resources and higher aluminum prices, the company has revised its full-year forecast upward from JPY530 billion to JPY560 billion ($4.68 billion)....
READ MORETajikistan’s aluminum production rose 24% year-on-year to 86,000 tonnes in 2024, according to Industry and New Technologies Minister Sherali Kabir. Speaking at a press conference in Dushanbe, Kabir also noted that aluminum output increased 47% in value terms, while cathode copper production saw significant growth. “We hope that the trend continues developing,” Kabir stated. The...
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