Almonty, tungsten producer, and KfW IPEX-Bank, project lender, have cleared the last steps to start up the Sangdong mine in South Korea, with all plant equipment installed and financing fully drawn; initial production is targeted for the second half of 2025. The group said its Panasqueira mine in Portugal continues to provide steady output and...
READ MOREThe United States, government, and Russia, government, are heading into talks in Anchorage on Aug. 15 with a controversial idea on the table: offering Moscow access to critical minerals as part of a package to halt the war in Ukraine, according to UK media reports echoed by US outlets. The suggestions include potential access to...
READ MOREThe United States, government, and Switzerland, global refining hub, have stepped back from a tariff flashpoint after President Donald Trump posted that “Gold will not be Tariffed!”, easing market turmoil triggered by a July 31 Customs and Border Protection (CBP) letter that placed one-kilogram and 100-ounce bars under a duty-liable customs code. Prices steadied after...
READ MOREUnited States and Switzerland, global gold-refining hub, have upended bullion trade after Washington reclassified one-kilogram and 100-ounce bars under a tariff-liable customs code, exposing a core format for New York delivery to duties amid a wider 39% levy on Swiss imports. Futures in New York spiked to a record as traders scrambled to assess supply...
READ MOREImerys, the specialty minerals group, is moving ahead with the Beauvoir (Emili) lithium project in central France—but the start of commercial production is now pencilled in for 2030 after a longer-than-expected public debate and permitting process, plus a tougher price backdrop. A completed pre-feasibility study (PFS) outlines indicated and inferred resources of 373 Mt at...
READ MOREAnglo American, diversified miner, reported a first-half loss attributable to shareholders of $1.88 billion as lower production from Copper Chile and De Beers dragged revenue down 7% to $8.95 billion, prompting an 83% cut in the interim dividend to $0.07 a share. The stock fell about 5% to 2,120 pence (≈$28.05 at £1=$1.3248) in London...
READ MOREGlencore, diversified miner and commodity trader, has raised its long-term profit range for its Marketing (trading) arm to $2.3–$3.5 billion a year and plans to strip about $1 billion of costs from its industrial operations by end-2026, following a review of its global mines and smelters. The company said its trading division earned $1.35 billion...
READ MORESavannah Resources, developer of the Barroso lithium project in northern Portugal, has placed about one-quarter of future output with AMG, an industrial lithium refiner, and is marketing the balance to European converters and battery-chain customers as it advances financing for a 2027 start-up. The AMG agreement covers 25% of production for five years, aligning with...
READ MOREVulcan Energy, which is developing a geothermal-lithium project in Germany’s Upper Rhine Valley, has won €103.6 million ($121.8 million) in federal and state grants to build a commercial lithium-chloride extraction plant at Landau in Rhineland-Palatinate and a downstream lithium hydroxide conversion facility at Frankfurt-Höchst in Hesse. Together the two sites carry a €690 million ($811.2...
READ MOREContract Termination Caps Off-taker Risk The original 2018 contract obliged Cloud Snurran to supply a baseload 300 gigawatt-hours (GWh) a year from 2020 to 2030, rising to 550 GWh annually between 2031 and 2049—equivalent to roughly 0.3 % and 0.6 % respectively of Hydro’s normal-year equity power output in Norway. Deliveries stopped in November 2024...
READ MOREAlcoa, United States-based aluminium producer, and Ignis EQT, Spanish renewable-energy developer, have resumed the phased restart of the 228,000-tonne-per-year San Cibrao smelter in Galicia after securing government assurances that April’s nationwide power outage will not recur. The partners now expect the plant to remain loss-making to the tune of €77–94 million ($89–109 million) in 2025...
READ MOREThe United Kingdom’s lithium carbonate market is positioned for gradual recovery following two consecutive years of declining consumption, with industry forecasts projecting growth to 1,300 tonnes and $16 million by 2035. This modest expansion occurs within a broader global context of supply chain restructuring and technological innovation, highlighted by Rio Tinto’s $2.5 billion investment in...
READ MOREThe European Commission has officially designated Rio Tinto’s controversial Jadar lithium-boron mining project in western Serbia as a strategic investment under the Critical Raw Materials Act, placing it among 13 non-EU projects prioritized for the bloc’s energy transition. The move, announced in early June, comes despite years of mass protests, legal challenges, and vocal opposition...
READ MOREEuropean aluminium scrap exports to the United States have surged 273% in the first quarter of 2025 compared to the same period last year, threatening to create critical shortages for European recyclers as US tariffs drive unprecedented demand for scrap metal. The crisis stems from the US doubling Section 232 tariffs on aluminium imports from...
READ MORESolus Advanced Materials, a South Korean copper foil manufacturer operating Europe’s only battery-grade copper foil production facility, and CATL, China’s largest battery manufacturer with 40% global market share, have entered a supply agreement for copper foil deliveries to CATL’s European battery manufacturing operations. The partnership will see Solus supplying copper foil produced at its Hungarian...
READ MOREGerman copper producer Aurubis recorded a net profit of 76 million euros ($83.6 million) in the first quarter of 2025, representing a 28% decline from the same period last year. The company attributed the profit reduction to higher energy costs and decreased remuneration payments from mining partners for smelting and refining services. Despite profitability challenges,...
READ MORENornickel, a leading global mining company, and Rusnano, a state-backed Russian technology investment corporation established in 2007 to develop and commercialize innovative technologies, have announced plans to create a joint venture focused on extracting valuable metals from industrial waste materials. Rusnano, founded with significant government funding as part of Russia’s modernization efforts, specializes in investing...
READ MORERio Tinto announced on Thursday that CEO Jakob Stausholm will step down later this year after nearly five years in the role. The company confirmed that Stausholm will remain at the helm until a successor is appointed, with a formal selection process now underway. Internal candidates expected to be considered include Chief Commercial Officer Bold...
READ MORENorsk Hydro has confirmed it will close its Birtley aluminium extrusion plant in the UK at the end of May 2025, citing ongoing challenging market conditions. The 12,000 metric-ton-per-year facility had been scheduled to operate until the end of May, with closure expected by the end of June. The company has completed consultations with employees...
READ MOREAluminium Dunkerque has commissioned a new melting furnace dedicated to aluminium recycling at its French facility. Known as Furnace 8, the installation will enable the company to recycle 7,000 tonnes of aluminium waste annually and produce an additional 20,000 tonnes of low-carbon aluminium each year. This development is expected to reduce CO₂ emissions per tonne...
READ MORECobalt Holdings has confirmed plans to list on the London Stock Exchange in June through a $230 million initial public offering, marking a rare new entry for investors seeking direct exposure to the price of cobalt. Trading is expected to begin on or around June 10, with both institutional and UK retail investors able to...
READ MORENorway-based Transition Elements has applied for an exclusive permit to explore lithium potential in France’s Hérault department, with a 218 km² area under consideration across 22 communes between Bédarieux and Clermont-l’Hérault. The application, submitted in October 2023, is currently under administrative review and has not yet been approved, according to the Hérault prefecture. The project...
READ MOREGlencore increased its zinc metal production by 8% year-on-year in the first quarter of 2024, reaching 227,700 tonnes. The Anglo-Swiss commodities group attributed the rise to the restart of its Nordenham smelter in Germany, which had been offline since late 2022, and solid output from its Spanish subsidiary, Asturiana de Zinc. The company, led by...
READ MORENorwegian aluminium producer Hydro has said that newly expanded U.S. tariffs on metals and automotive products are unlikely to significantly impact its business, due to limited exposure to affected trade flows and a diversified production footprint. In a financial update last week, CEO Eivind Kallevik addressed the evolving U.S. trade policy landscape, particularly the expansion...
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