Special

November 18, 2024

Events, Trends and Forecasts: 11– 15 November

Oman to Become a Major Copper Exporter by 2027 The official groundbreaking ceremony for the Mazoon Copper project, a copper ore mining and beneficiation facility, has taken place in Oman, with Minerals Development Oman as the investor. The general contractor is the Canadian firm Lycopodium, which will provide all the necessary engineering, procurement, and construction…
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November 12, 2024

Metals Market Update: November 4 – 8

Constellium Begins Using Hydrogen for Aluminium Casting French metallurgical company Constellium has launched a project to produce aluminium semi-finished products using hydrogen as a fuel. The company’s research and development center has successfully cast its first aluminium plate using hydrogen. Given the odorless and highly flammable nature of hydrogen, the research center installed an additional…
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November 8, 2024

Platinum and palladium

Platinum and palladium are platinum group metals (PGM), a classification which also includes iridium, osmium, rhodium and ruthenium. Both metals are highly valued for their rarity, durability and wide-ranging applications, which makes them particularly important in the automotive industry, jewellery making and clean energy. Today, the importance of these metals to global markets is growing,…
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Nickel

November 19, 2024

Korea Zinc’s Battery Precursor Technology Recognized as National Core Technology

Korea Zinc, the world’s largest producer in the non-ferrous metals sector, has had its patented technology for processing secondary battery precursors officially recognized by the South Korean government as a national core technology. This designation means that the government will manage the technology with special oversight, particularly in matters of mergers and acquisitions involving foreign…
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November 18, 2024

BHP Warns Australia Risks Losing Out in Mining Amid Shifting Global Competition

BHP Group’s Australia President, Geraldine Slattery, has warned that the nation can no longer rely solely on its traditional mining export markets and is unprepared to face a new era of lower-cost competitors. Speaking in Brisbane on Monday, Slattery highlighted that the boom in demand from China’s industrialization has now moved past its aggressive growth…
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November 18, 2024

China’s Monthly Nickel, Cobalt, and Lithium Production Update

In October, China produced 178,800 tonnes of nickel sulfate, equivalent to 39,300 tonnes of nickel content, reflecting a 2.71% month-on-month (MoM) decline, according to a survey by Mysteel. The production was derived from various sources, including mixed hydroxide precipitate (MHP), high-grade nickel matte, and secondary nickel. The nickel sulfate production is expected to decline further…
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Platinum

November 1, 2024

Implats Reports Decline in Quarterly Platinum Group Metals Output

South Africa-based mining multinational Impala Platinum Holdings (Implats) reported a 5.5% year-on-year decrease in output, producing 947,000 ounces of platinum group metals (PGMs) in the quarter ending September 2024. Managed production volumes dropped by 6% to 751,000 ounces, while joint venture production rose by 3% to 145,000 ounces, according to the company’s first-quarter production report….
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October 31, 2024

Top Platinum-Group Metal Producers of 2023: South Africa, Russia, and Beyond

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,…
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October 25, 2024

Coronation Reinvests in PGM Sector as EV Momentum Slows

Asset management firm Coronation has reversed its stance on the platinum group metals (PGMs) sector, deciding to reinvest after initially pulling out a year ago due to concerns that the industry was facing a decline. The firm’s change of heart is largely attributed to the recent slowdown in the adoption of battery electric vehicles (EVs),…
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Palladium

October 25, 2024

Palladium Prices Surge on Threat of New Anti-Russian Sanctions

The price of palladium on the world market has surged to $1,170 per troy ounce for the first time in ten months, driven by concerns over potential new sanctions on Russian exports. On October 24, the price jumped by more than 10% in a single day, outpacing other precious metals and reflecting market fears about…
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October 24, 2024

US Urges G-7 Allies to Consider Sanctions on Russian Palladium and Titanium

The United States has reportedly urged Group of Seven (G-7) allies to consider imposing sanctions on Russian palladium and titanium as the Biden administration explores new strategies to pressure President Vladimir Putin’s war effort in Ukraine. A person familiar with the matter revealed that Biden administration officials floated the possibility during a meeting of G-7…
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October 16, 2024

Moscow Exchange to Launch Platinum and Palladium Trading in Rubles from October 21

The Moscow Exchange will begin trading in platinum (PLT/RUB) and palladium (PLD/RUB) with payment in rubles starting October 21, 2024. These new trading instruments will be available to both professional market participants and private investors, according to a statement released by the exchange. These instruments were initially added to the system in a state of…
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