Chinese production of lithium-iron-phosphate (LFP) batteries is expected to set market prices in the United States over the next two years, according to Clean Energy Associates (CEA). The consultancy’s Q4 2024 battery energy storage system price forecasting report highlights the impact of heavily tariffed imports and limited production capacity outside China. Batteries imported from China...
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 MOREThe nickel market is expected to remain oversupplied in 2025, with a projected surplus of 156,000 metric tons as production in Indonesia and China continues to expand. According to Jason Sappor, senior analyst at S&P Global Commodity Insights, the surplus is driven by increased output and slowing demand from the stainless steel and battery materials...
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 MOREBHP Group and Lundin Mining have completed their joint acquisition of Filo and established Vicuña, a 50/50 joint venture that will oversee the Filo del Sol and Josemaria copper projects in Argentina and Chile. The total acquisition cost was C$4 billion (approximately USD 3 billion), excluding shares already held by both companies, BHP announced on...
READ MORESaudi Arabia’s state oil giant Aramco and the country’s mining company Ma’aden have signed a non-binding term sheet to explore a joint venture focused on minerals exploration and mining. Announced during the Future Minerals Forum in Riyadh, the venture would prioritize energy transition minerals, particularly lithium, and advance cost-effective direct lithium extraction (DLE) technologies. Commercial...
READ MORESierra Metals expects to boost production of copper, zinc, silver, and lead in 2025 as the company ramps up throughput rates and focuses on resource growth at its Yauricocha Mine in Peru and Bolivar Mine in Mexico. 2025 Guidance The company stated that at current metal prices, it expects to generate strong operating cash flows...
READ MOREAntofagasta’s copper production for 2024 fell slightly below the company’s expectations but showed a 1% increase from the previous year. The Anglo-Chilean miner reported producing 664,000 tons of copper, which was at the lower end of its guided range of 670,000 to 710,000 tons. In the fourth quarter, copper production reached 200,300 tons, up 12%...
READ MORERusal has achieved a breakthrough in primary aluminium production by significantly reducing vanadium and other heavy metal content using revolutionary inert anode technology. This advancement enhances the electrical conductivity of aluminium, opening new opportunities for its application in the power industry. The inert anode technology, a key development in aluminium smelting, allows for the production...
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 MOREChina’s Ministry of Natural Resources announced a substantial increase in the country’s measured and indicated lithium reserves, now accounting for 16.5% of global resources, up from 6%. This surge positions China as the world’s second-largest holder of lithium reserves, trailing only Chile. The significant rise stems from extensive discoveries along the 2,800-kilometer West Kunlun-Songpan-Ganzi lithium...
READ MOREGolden Aluminum has been awarded $22.3 million in funding from the U.S. Department of Energy’s Office of Clean Energy Demonstrations (OCED) to advance its Nexcast – Next Generation Aluminum Mini Mill project. The funding, granted in November 2024, will support the upgrade of the company’s Fort Lupton facility in northern Colorado. The Nexcast project aims...
READ MOREAltek is partnering with Real Alloy to develop a zero-waste aluminium salt slag recycling facility in Wabash, Indiana, with support from the U.S. Department of Energy’s Office of Clean Energy Demonstrations (OCED). The facility will utilize Altek’s AluSalt technology to recycle metallics, salts, and recover non-metallic by-products from aluminium salt slag. Real Alloy has secured...
READ MORECopper and silver futures in New York are surging past international price benchmarks as traders brace for potential sweeping import tariffs under Donald Trump’s administration. Front-month Comex silver futures are trading at a premium of more than $0.90 per ounce over London spot bullion prices, nearing December peaks fueled by Trump’s pledges to apply universal...
READ MORECruz Battery Metals Corp. will acquire the 580-acre Central Clayton Valley Lithium Brine Project in Nevada, expanding its regional footprint to 820 acres. The $115,000 deal includes BLM fees and staking costs, plus seven million shares under a four-month hold, pending regulatory approval. The project, with 29 claims, is surrounded by SLB’s Clayton Valley lithium...
READ MOREKorea Zinc is in early discussions with U.S. entities to supply antimony following China’s export ban, which has disrupted the market for the critical mineral used in semiconductors. Chairman Yun B. Choi confirmed the company is pursuing long-term contracts with U.S. traders and other partners, though specific entities were not disclosed. Antimony prices are poised...
READ MOREChina’s Zijin Mining Group Co. is advancing its presence in the global lithium market with ongoing talks to acquire a stake in Zangge Mining Co. Ltd., a move that could lead to a full takeover. Zijin disclosed the potential deal in a statement to the Hong Kong Exchange, signaling its continued expansion strategy beyond copper...
READ MOREThe Indonesian government is considering allowing mining giant Freeport Indonesia to resume copper concentrate exports this year after its permit expired on January 1. Energy Minister Bahlil Lahadalia confirmed that Freeport has formally requested a renewal of its export license, and the government is currently processing the application. “We are discussing this matter with the...
READ MOREInvestors 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 MORENew Gold reported its fourth quarter and full-year 2024 operational results as of December 31, 2024, showcasing its highest production quarter of the year. The company plans to release its operational outlook, technical reports for Rainy River and New Afton, and updated Mineral Reserve and Resource Statement after market close on February 12, 2025. A...
READ MOREIvanhoe Mines is poised to ramp up production at its Democratic Republic of Congo (DRC) operations in 2025 after achieving record output in 2024. The Canadian mining company has set its 2025 production guidance at 520,000 to 580,000 metric tons of copper from its flagship Kamoa-Kakula operation. The company reported a 12% year-on-year increase in...
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 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...
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