Copper Market Faces Uncertainty in 2025 Amid Mixed Forecasts

Taykwa Tagamou Nation (TTN) has announced a $20 million investment in Canada Nickel Company’s flagship Crawford Nickel Sulphide Project, marking a significant collaboration aimed at advancing economic empowerment and fostering long-term partnership. The investment, secured through a Convertible Note, will give TTN an 8.4% stake in Canada Nickel by converting into 16.67 million common shares…

The global copper market is forecast to experience a surplus of 200,000 tonnes in 2024 before balancing out in 2025, according to Nornickel’s latest metals market review. The company attributed this trend to accelerating demand growth driven by renewable energy generation, electrified transportation, and increasing global electricity consumption. Nornickel highlighted that while concerns about long-term…

Cuba is striving to maintain its nickel production despite the combined pressures of the US blockade, disruptions in the national electrical grid, and volatile international market prices. The country’s primary nickel operations are concentrated in the eastern province of Holguín, where two mining sites are active: the Ernesto Che Guevara plant, a fully Cuban venture,…

Despite persistent challenges with platinum prices, the precious metal market is seeing support as the World Platinum Investment Council (WPIC) predicts a market deficit in both 2024 and 2025. Edward Sterk, WPIC’s director of research, highlighted that while demand for platinum remains steady, supply has struggled to keep up, a trend that looks set to…

British mining group Anglo American has sold shares of Anglo American Platinum, valued at 9.6 billion South African rand (approximately 500 million euros), as part of preparations for a complete demerger of the South African platinum producer. The sale, announced on Wednesday, involved 17.5 million shares, representing 6.6% of Anglo American Platinum’s issued capital, at…

The World Platinum Investment Council (WPIC) has forecast a two percent decline in mined platinum supply for 2025, as producers continue to restructure operations in response to challenging market conditions. In its third-quarter supply and demand report, WPIC projected a third consecutive annual supply deficit for the metal in 2025. Newly mined platinum production is…

Nornickel, the world’s largest palladium producer, expects annual palladium demand in China to rise by 5-10 tonnes, or 7.6-15% of current consumption, from 2026-2027 as it develops new industrial applications for the metal. This comes as traditional consumption from internal combustion engine vehicles, which account for over 80% of global palladium use, continues to decline….

Earth AI, a clean energy metals exploration company, and its partner Legacy Minerals announced the discovery of what could be Australia’s largest palladium deposit. The discovery, named Fontenoy, is located in Warmbath on the southwestern slopes of New South Wales, within the mineral-rich Lachlan Fold Belt. Earth AI reported the identification of a two-square-kilometer mineralized…

Platinum-group metals (PGMs) include platinum, palladium, rhodium, and other metals prized for their durability, resistance to corrosion, and excellent catalytic properties. The automotive industry is the largest consumer of these metals, using them primarily in catalytic converters for vehicle exhaust systems. With a rebound and continued growth in auto production projected, particularly in developing markets,…