Investors 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 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 MOREJapan’s aluminium P1020 premiums for the first quarter of 2025 have been finalized at $228 per tonne over the cash London Metal Exchange (LME) price, marking a $53 per tonne increase from the previous quarter. This surge represents the highest premium level since Argus began tracking the market in 2016. Initial offers in December exceeded...
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 MORESumitomo Metal Mining, along with its subsidiary Hyuga Smelting, announced plans to construct a new production facility at Hyuga Smelting to manufacture nickel matte using ferronickel and other raw materials. Construction is set to begin in 2025, with completion targeted for fiscal 2027. Once operational, the facility will enable Hyuga Smelting to produce both nickel...
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...
READ MORESignificant cuts to Indonesia’s nickel mine production could remove over a third of global supply, creating substantial upside pressure on nickel prices, according to Macquarie Group Ltd. Reports suggest the Indonesian government is considering slashing nickel mine quotas from 272 million tons in 2024 to as low as 150 million tons this year. Such a...
READ MOREAs 2024 draws to a close, lithium prices have declined for the second consecutive year, marking a significant fall from their December 2022 peak of $85 per kilogram for lithium hydroxide. Prices have plunged nearly 90%, but recent signs indicate the sharpest phase of the decline may be over. Narrowing price drops and reduced discounts...
READ MOREChina’s imports of zinc concentrate reached 455.9 thousand tonnes in November 2024, marking a 37.73% month-on-month increase and a 45.01% rise compared to the same period last year. From January to November, total zinc concentrate imports amounted to 3.6398 million tonnes, reflecting a 14.98% year-on-year decline. In November, the top suppliers of zinc concentrate to...
READ MORERusal is set to commence the design phase for a major alumina refinery in the Lomonosov district of Russia’s Leningrad region. The project includes surveying land for a port terminal and road infrastructure, paving the way for the construction of the Leningrad Alumina Plant (LAP). In 2022, Rusal established LLC ‘Leningrad Alumina Plant’ with an...
READ MOREChina’s leading copper smelters have agreed on reduced price guidance for copper concentrate processing and refining charges (TC/RCs) for the first quarter of 2025, reflecting a continued shortage of copper concentrates. The new rates, agreed upon at a meeting of the China Smelters Purchase Team in Shanghai, are set at $25 per metric ton and...
READ MOREIn December 2024, the India Times reported that Ust-Kamenogorsk Titanium and Magnesium Combine (UKTMK) signed an agreement with Indian Rare Earth Limited (IREL) to create a joint venture in India. The new facility will process ilmenite, sourced from Odisha with low titanium oxide (TiO2) content, into titanium slag, a material highly sought after in the...
READ MOREOn December 17, 2023, Hyundai Mobis, the automotive parts arm of Hyundai Motor Group, announced its readiness to commercialize a cutting-edge battery cell cooling material. This innovation, known as the “Pulsating Heat Pipe,” aims to improve both the charging efficiency and safety of electric vehicles (EVs). The Pulsating Heat Pipe system is constructed from aluminium...
READ MOREAccording to a survey by Shanghai Metals Market (SMM), China’s primary aluminium prices and input costs have declined, reflecting muted demand for the commodities. Bauxite emerged as the only exception, with its domestic price remaining stable and its imported price increasing by $0.08 per tonne to $105.84 per tonne. A00 Aluminium Ingot Price On December...
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