Metals One has released the results of a Preliminary Economic Assessment (PEA) for its Finland Black Schist Ni-Cu-Co-Zn Project, conducted by Wardell Armstrong International. The study focuses on the Rautavaara (R1) and Paltamo (P5) deposits, providing an initial assessment of their economic potential and viability. The PEA identifies Rautavaara as the primary economic driver of...
READ MORERock Tech Lithium has signed a Memorandum of Understanding (MoU) with German cement manufacturer Schwenk Zement to utilize lithium production by-products from Rock Tech’s Guben Converter in cement manufacturing. The partnership aims to reduce carbon emissions while creating a new revenue stream, aligning with Germany’s National Circular Economy Strategy, which promotes the use of industrial...
READ MOREKBR has been awarded a contract by Weardale Lithium for the development of one of Europe’s key lithium brine extraction demonstration facilities in Eastgate, County Durham, UK. Under the agreement, KBR will provide technology licensing and proprietary engineering design for the plant. The facility aims to scale up to a commercial production target of 10,000...
READ MOREThe European Union is reportedly discussing new import restrictions on Russian aluminium as part of its 16th sanctions package against Moscow for the invasion of Ukraine. However, the impact is expected to be limited, as Russian metal continues to find alternative buyers outside sanctioning countries. LME aluminium prices briefly rose above $2,600 per tonne in...
READ MOREKBR has been awarded a contract by Weardale Lithium Limited to support one of Europe’s most advanced lithium brine extraction demonstration facilities in Eastgate, County Durham, United Kingdom. The facility will extract lithium carbonate from geothermal groundwater sourced from existing production wells, with plans to scale up to a commercial production target of 10,000 tons...
READ MOREMining company BHP has decided to halt its planned acquisition of competitor Anglo American, according to reports from the Financial Times. The deal, initially valued at £38 billion, has become unfeasible due to changing market conditions and strategic developments by Anglo American. Anglo American’s restructuring efforts, which include exiting operations in coal, diamonds, and platinum,...
READ MOREThe Ministry of Industry and Tourism, the Xunta de Galicia, U.S.-based multinational Alcoa, and energy company Ignis have signed a memorandum of understanding (MoU) aimed at ensuring the long-term future of the aluminum plant in San Cibrao, Lugo. The agreement signals a collective commitment to collaborate with the plant’s workers to stabilize operations and prioritize...
READ MOREHeraeus Precious Metals has completed the acquisition of Umicore’s Platinum Active Pharmaceutical Ingredient (API) business outside of South America. The move bolsters Heraeus’s position in the platinum API sector, enhancing its product offerings while maintaining a commitment to competitive pricing and high-quality standards. Effective immediately, the business will be integrated into Heraeus Precious Metals, the...
READ MOREThe London Metal Exchange (LME) has fully recovered from its 2022 nickel crisis, achieving its highest trading volumes since 2015 and the fourth largest on record. Average daily volumes reached 664,698 lots in 2024, an 18.2% increase from 2023, with nickel trading jumping 58.8% year-on-year to levels last seen in 2021 before the market meltdown....
READ MOREUK-based clean technology group Altilium has entered into a partnership with major chemicals company Helm AG, through its UK subsidiary LevertonHelm Ltd, to establish a domestic lithium supply chain. The collaboration aims to reduce the UK’s dependence on imported raw materials by integrating Altilium’s expertise in recycling battery materials with LevertonHelm’s advanced lithium production capabilities....
READ MOREUkraine saw a significant rise in aluminium trade in 2024, with imports and exports both showing strong growth despite ongoing geopolitical challenges. According to the State Customs Service of Ukraine, aluminium and aluminium product imports increased by 21.7% year-on-year, totaling US$446.006 million, including US$36.943 million in December alone. Exports also rose, climbing 27.4% year-on-year to...
READ MOREThe European Commission is preparing to propose a ban on imports of Russian primary aluminum as part of its 16th sanctions package against Russia, EU diplomats revealed on Tuesday. The proposed measures aim to increase economic pressure on Russia following its invasion of Ukraine. Informal discussions were held among EU member states to finalize the...
READ MOREAluminum prices edged higher as the European Union considers restrictions on imports of Russian metal, while Chinese production growth is expected to slow. On the London Metal Exchange (LME), aluminum climbed as much as 0.7% toward $2,600 per ton, trading 0.2% higher at $2,564 per ton by mid-morning in Shanghai. The EU is weighing new...
READ MORECanada-based Dundee Precious Metals (DPM) announced that its Bulgarian operations, the Ada Tepe and Chelopech mines, successfully met their 2024 annual production guidance, according to preliminary results released on Wednesday. Ada Tepe recorded its highest quarterly output in the fourth quarter, producing 29,000 ounces of gold, contributing to a total annual production of approximately 94,300...
READ MOREAsturiana de Zinc (AZSA) reported a molten zinc cathode production of 538,625 tons in 2024 at its San Juan de Nieva plant in Avilés. This figure marks the second-highest annual output since the plant’s inception in the 1960s but falls short of the 2023 record of 544,192 tons by 5,567 tons. The decline was primarily...
READ MOREMitsubishi Corporation (MC) has announced its participation in a pioneering aluminum smelting project in Finland that will utilize electricity free from carbon dioxide (CO2) emissions. The initiative aims to develop low-carbon aluminum smelting technology, with production targeted to begin around 2029. The project is a collaboration between Mitsubishi Corporation, Finland’s national power company Fortum, Finnish...
READ MOREHamburger Energiewerke has partnered with the Aurubis copper smelter to utilize industrial waste heat for heating homes in Hamburg. The initiative, which is set to begin immediately, aims to supply up to 20,000 additional households with heat, marking the largest project of its kind in Germany. The waste heat is generated during a secondary stage...
READ MOREMarubeni Corporation has completed a $5 million investment in Altilium Metals Ltd., a UK-based company focused on lithium-ion battery (LiB) recycling. The investment was made through a third-party allocation of new shares, positioning Marubeni as a strategic partner in Altilium’s expansion within the sustainable energy sector. Altilium currently operates a pilot plant in Plymouth, UK,...
READ MORESK Nexilis, the world’s largest producer of copper foil, has been awarded a $133 million subsidy by the Polish government under the European Union’s Temporary Crisis and Transition Framework (TCTF) program. The Korean company announced that the subsidy, equivalent to 545 million Polish zloty, will enhance its cooperation with Poland on clean energy initiatives and...
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