New 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 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 MOREThe global lithium market experienced a sharp slowdown in 2024 following years of rapid growth, primarily due to underwhelming electric vehicle (EV) sales outside the Asia-Pacific region. While EV sales in Asia, especially China, remained strong, the Americas saw slowed growth, and Europe faced declining sales, significantly impacting lithium demand. Simultaneously, a surge in new...
READ MOREBolivia’s state-owned Yacimientos de Litio Bolivianos (YLB) announced that its Lithium Carbonate Industrial Plant in Uyuni, Potosí, is on track to boost production in 2025. The increase follows the stabilization of brine supply and auxiliary services at the facility, allowing for more consistent operations. YLB attributed this progress to ongoing stabilization and parameter adjustments, which...
READ MOREGallium, a rare earth metal critical to electronics manufacturing, has become a focal point in global supply chain discussions due to its unique properties and strategic applications. Its electrochemical characteristics make it indispensable for producing LEDs, semiconductors, and specialized components used across the tech industry, aerospace, defense, and other strategic sectors. Gallium is predominantly extracted...
READ MOREGlobal alumina production dropped by 3.4% month-on-month to 12.21 million tonnes in November, according to data from the International Aluminium Institute. Despite the monthly decline, alumina output was still 1.9% higher compared to 11.98 million tonnes produced in November 2023. Average daily global alumina production decreased to 407,000 tonnes in November, down from a revised...
READ MOREAfrica produced 1.44 million tonnes of primary aluminium during the first eleven months of 2024, a 1.5% decline compared to the 1.462 million tonnes recorded in the same period in 2023. This contrasts with a 2.87% increase in global primary aluminium production during the same timeframe, reducing Africa’s contribution to global output from 2.26% to...
READ MOREMore than two years after Mexico enacted a law nationalizing its lithium resources, uncertainty persists for companies holding concessions. A recent supreme court ruling has reaffirmed the state’s exclusive right to extract lithium, setting a challenging precedent for private entities. In early December, Mexico’s supreme court unanimously dismissed an appeal from Grupo Bararal, which sought...
READ MOREBradda Head Lithium is making strides at its San Domingo pegmatite project in Arizona, aiming to define a NI 43-101 compliant resource in 2024 and move toward production by late 2025 or early 2026, according to executive chairman Ian Stalker. The company has identified new targets within the project area, including Ruby Soho, Dragon, and...
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...
READ MOREThe global copper market is projected to see a surplus of 200,000 tonnes in 2024 before achieving balance in 2025, according to Nornickel’s latest market analysis. The company attributes this trend to growing demand spurred by renewable energy, electric vehicles, and rising global electricity consumption. While concerns about long-term copper supply shortages persist, recent investments...
READ MOREThe global nickel market marked its third consecutive year of surplus in 2024, with oversupply heavily concentrated in the high-grade nickel sector. According to Nornickel, exchange stocks of nickel more than doubled during the year, surpassing 100,000 metric tons. When including over-the-counter inventories, global Class 1 nickel stockpiles are projected to grow by as much...
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