GoGold Resources reported a significant production increase for the quarter ending December 31, 2024, totaling 551,337 silver equivalent ounces. This output consisted of 226,343 ounces of silver, 3,213 ounces of gold, 121 tonnes of copper, and 161 tonnes of zinc. The surge in production represents a 36% increase compared to previous quarters, attributed to the...
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 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 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 MOREIn a significant move to bolster the Sultanate of Oman’s industrial sector, National Aluminium Products Company (NAPCO) and Oman Aluminium Cast Company have signed a pivotal supply agreement. The signing ceremony took place at the Knowledge Oasis Muscat, witnessed by Eng. Dawood bin Salim Al Hadabi, CEO of Madayn. Under the agreement, Oman Aluminium Cast...
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 MORECentral Puerto, a leading electricity generator in Argentina, has announced its entry into the mining sector with a 27.5% stake in the ‘3 Cruces’ lithium mining project in Catamarca province. This move marks the company’s strategic diversification into the rapidly growing lithium market, essential for electric vehicles and renewable energy storage. Located in Argentina’s highest-grade...
READ MORESignificant cuts to Indonesia’s nickel mine production could remove over a third of global supply, creating substantial upside pressure on nickel prices, according to Macquarie Group Ltd. Reports suggest the Indonesian government is considering slashing nickel mine quotas from 272 million tons in 2024 to as low as 150 million tons this year. Such a...
READ MOREChina has imposed a ban on exporting gallium and germanium to the United States, escalating trade tensions between the two nations. These minerals are critical for industries ranging from renewable energy to military technology and electronics, and the ban could have far-reaching implications. Gallium and germanium are essential components in technologies such as computer chips,...
READ MORENornickel, the world’s leading palladium producer, is aiming to counter declining demand from internal combustion engine vehicles by developing innovative applications for the metal. The company expects annual palladium demand in China to increase by 5-10 tonnes (7.6-15% of current consumption) from 2026-2027 through these efforts. Currently, over 80% of global palladium use comes from...
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