According to the latest update from the U.S. Geological Survey (USGS), U.S. mines produced 84,100 metric tons of recoverable copper in November 2024. Average daily mine production remained at 2,800 metric tons, unchanged from October but 12% lower than in November 2023. Year-to-date mine output of recoverable copper through November 2024 totaled 948,000 metric tons,...
READ MOREEmirates Global Aluminium (EGA), the world’s largest producer of premium aluminum, has adopted a hybrid cloud infrastructure managed by Azure Arc to enhance operational efficiency and optimize production. The approach integrates on-premises datacenters with Azure’s public cloud, enabling advanced AI and automation solutions. “We use the best of the Azure public cloud but we also...
READ MORERussia’s Nornickel, the world’s top supplier of palladium, a metal mainly used in car manufacturing, is pushing to expand its industrial applications as demand from automakers decline. In collaboration with the Krasnoyarsk Non-Ferrous Metals Plant, Russian state-owned refinery, and with support from the Chinese Precious Metals Committee, the company introduced palladium-based bushings as an alternative...
READ MOREMetso has introduced its Cu POX leaching process, an advanced hydrometallurgical method designed to optimize copper recovery from sulfide concentrates while minimizing environmental impact. As copper ore compositions evolve due to deposit depletion and stricter environmental requirements, this innovative solution enhances efficiency and sustainability in copper extraction. At the core of the Cu POX process...
READ MOREEcoPro Innovation has signed a joint development agreement with Canadian power company Hydro-Quebec to advance next-generation lithium metal cathode technology. The agreement marks a significant expansion for EcoPro Innovation, moving beyond lithium processing into cathode material development and strengthening its position in the all-solid-state battery market. The signing ceremony took place at the InterContinental Hotel...
READ MOREGermany’s subsoil contains up to 26.51 million metric tons of lithium, according to findings from the Li+Fluid project, a research initiative examining lithium-rich fluids in the North German Plain and Thuringian Basin. Researchers detected lithium concentrations of up to 66 mg/l in fluids, particularly in water sourced from Rotliegend sandstones, the Zechstein carbonate, and the...
READ MORELithium Americas has announced a strategic investment of $250 million from Orion Resource Partners LP to support the development and construction of Phase 1 of the Thacker Pass lithium project in Nevada. Orion has committed to purchasing senior unsecured convertible notes totaling $195 million and entering into a Production Payment Agreement (PPA) worth $25 million,...
READ MOREVale Overseas, a wholly owned subsidiary of Vale S.A., has announced the Total Consideration payable in connection with its previously disclosed cash tender offers for outstanding notes. The offer applies to a maximum aggregate principal amount of notes up to US$450,000,000, excluding any premium and accrued interest. The Offers are subject to the conditions outlined...
READ MORERussia must establish a full production chain for rare earth metals (REM) to achieve technological sovereignty, according to Andrey Trenin, head of the company developing the Afrikand deposit. The country remains heavily reliant on China for its REM supply, despite possessing significant reserves. The topic of REM has gained attention due to the global deglobalization...
READ MORETaiwanese aluminum extrusion manufacturer Alformer Industrial Co. will invest nearly NT$1 billion ($31.6 million) to establish a new factory in Beidou, Changhua. The facility will focus on producing high-strength aluminum alloy formwork, integrating smart manufacturing and automation technologies, and adopting MES warehouse management and robotic arm welding systems. Initially specializing in aluminum doors and windows,...
READ MOREIndonesia’s Ministry of Energy and Mineral Resources is weighing an increase in mining taxes across various minerals, including copper and coal, as part of a shift from fixed-rate royalties to a price-dependent structure. The proposal, outlined in a public consultation document released over the weekend, comes as the government seeks additional revenue to fund major...
READ MOREThe Wa Self-Governing Zone in northeastern Myanmar has announced plans to issue licenses for the development and processing of tin ore from the Man Maw mine, according to the International Tin Association (ITA). If the reopening proceeds as planned, operations could resume in the second half of 2025, alleviating disruptions in the global tin market....
READ MORESapura Industrial Bhd has entered into a memorandum of understanding (MOU) with China-based lithium battery firm Zhejiang Zhongze Precision Technology Co Ltd to establish an industrial and commercial battery component manufacturing facility in Malaysia. The agreement, signed between Sapura Industrial’s wholly-owned subsidiary SIB Ventures Sdn Bhd and Zhejiang Zhongze, lays the groundwork for negotiations on...
READ MOREPeter Navarro, former trade adviser to Donald Trump, has accused Australia of undermining the U.S. aluminium market through subsidies and unfair competition. His claims, published in USA Today, have sparked debate, particularly regarding their accuracy and implications for Australia’s trade relationship with the U.S. Navarro alleged that Australia and Canada were launching “frontal assaults” on...
READ MOREPursuit has reached a significant milestone in the development of the Rio Grande Sur Lithium Project, with the successful completion of hydrostatic circuit testing and the commencement of synthetic brine processing. This marks a key step toward commercial-scale lithium production. Pursuit Managing Director & CEO Aaron Revelle emphasized the importance of this achievement, stating, “Successfully...
READ MOREFresnillo reported a significant rise in revenue and operating profit for 2024, driven by higher silver and gold prices. However, a substantially increased tax burden weighed on net earnings. The Mexico-focused precious metals producer recorded a 29% increase in revenue, reaching $3.50 billion from $2.71 billion in 2023. Pretax profit surged to $743.9 million from...
READ MOREWieland Rolled Products North America, in partnership with Illinois Governor JB Pritzker and the Illinois Department of Commerce and Economic Opportunity (DCEO), has begun a $500 million modernization of its East Alton facility. The investment will retain 800 jobs in Illinois while enhancing production of critical copper and copper alloy components for electric vehicles (EVs),...
READ MOREChina has called on the United States to halt its investigation into potential new tariffs on copper imports, warning of retaliatory measures if Chinese entities are affected. The statement came after President Donald Trump directed the Commerce Department to launch a national security probe into copper imports under Section 232 of the Trade Expansion Act...
READ MOREMobec Innovation has inaugurated its first lithium battery recycling facility in Noida, Uttar Pradesh, marking a step toward enhancing India’s clean energy infrastructure. The plant, with an annual processing capacity of 6,000 tons, aims to reduce the nation’s dependence on imported critical minerals while advancing sustainability goals. Expanding beyond its core focus on B2B mobile...
READ MOREKingsrose Mining Limited has announced the acquisition of the Jakon nickel-copper-cobalt project in Central Finland from Rio Tinto Exploration Finland Oy. This acquisition strengthens Kingsrose’s presence within the Kotalahti Nickel-Copper-Cobalt Belt and forms part of its Exploration Alliance with BHP in Finland. The Jakon project spans 205 km², bringing Kingsrose’s total landholding under the BHP...
READ MOREArcadium Lithium has released its fourth quarter and full-year 2024 financial results, following the announcement of its pending acquisition by Rio Tinto in October 2024. Due to the ongoing transaction, the company has withdrawn its prior financial guidance and will not provide guidance for 2025. Arcadium Lithium also opted not to hold an earnings conference...
READ MOREA massive power outage plunged most of Chile into darkness, leading the government to briefly declare a national emergency. The blackout affected the capital, Santiago, and the mining-intensive northern region, causing a temporary halt in copper production. Chile, the world’s largest copper producer, saw market disruptions as a result of the outage. Latin America’s electricity...
READ MOREAlcoa has announced that its chairman, Steven Williams, will be leaving the company. Williams, who has served as chairman since 2021 and has been a board member since Alcoa’s separation from Arconic in 2016, will not seek re-election at the company’s annual shareholder meeting later this year. Williams is a veteran executive with decades of...
READ MOREAsset manager Coronation has raised its stake in Northam Platinum to 15.05%, signaling a renewed interest in platinum group metals (PGMs). This marks a significant reversal from its earlier stance when it disinvested from the sector, citing value concerns. Coronation’s increased holdings place it alongside the Public Investment Corporation (PIC), which owns 20% of Northam,...
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