Global refined copper production increased by 4.2% to 27.63 million tonnes in 2024, while consumption rose by 2.9% to 27.33 million tonnes, according to a report by the International Copper Study Group. This resulted in a surplus of 301,000 tonnes, contrasting with a deficit of 52,000 tonnes recorded in the previous year. In December, the...
READ MOREGlobal refined zinc production declined by 2.6% year-on-year to 13.55 million tonnes in 2024, while consumption increased marginally by 0.1% to 13.61 million tonnes, according to a report by the International Lead and Zinc Study Group. This led to a market deficit of 62,000 tonnes, contrasting with a surplus of 310,000 tonnes recorded the previous...
READ MOREA single entity has taken control of up to 90% of the available aluminum inventories on the London Metal Exchange (LME), amounting to approximately $505 million, according to LME data released on Monday. The identity of the party remains undisclosed, but such holdings are typically acquired by investors or traders seeking to capitalize on potential...
READ MOREKazakhmys Progress LLP has successfully produced technical selenium of grade ST-1 at its refining and slag processing workshop in Balkhash, Kazakhstan. This marks the first industrial-scale production using a unique vacuum distillation method in the country. The first batch, amounting to 100 tons, contains at least 99.5% selenium purity. The vacuum distillation method, developed by...
READ MORESumitomo Corporation announced its Q3 FY2024 financial results, reporting a consolidated profit of JPY416.5 billion ($3.48 billion), an increase of JPY12.4 billion from the same period last year. Driven by strong performance in non-mineral resources and higher aluminum prices, the company has revised its full-year forecast upward from JPY530 billion to JPY560 billion ($4.68 billion)....
READ MOREA team from Leiden University and the SLAC National Accelerator Laboratory has identified the root cause of platinum electrode corrosion, a discovery that could enhance green hydrogen production and improve electrochemical sensors. The findings were published in Nature Materials. While platinum is known for its durability, the study revealed that negatively polarized platinum electrodes degrade...
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 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 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...
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