Special

October 9, 2024

Palladium Membranes for Pure Hydrogen Production

Palladium membranes have shown great potential for the purification of hydrogen gas. As the demand for pure hydrogen continues to grow in various industries, the need for efficient and cost-effective purification methods becomes increasingly important. Palladium membranes offer a promising green solution due to their high selectivity and permeability for hydrogen gas. “Production of hydrogen…
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October 2, 2024

Palladium’s use in electrochemical water disinfection devices

· Palladium can be a better catalyst for water disinfection than other metals · Trials of new compounds with palladium for water purification are currently underway Clean water is the foundation of human health and the health of the planet. It is a limited resource globally, and new water treatment technologies are needed to address…
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Nickel

October 8, 2024

Shanghai Nickel Prices Surge on Supply Disruptions

Shanghai nickel prices jumped nearly 6% on Tuesday, reaching a three-month high as trading resumed following a week-long holiday. The most-traded November nickel contract on the Shanghai Futures Exchange (SHFE) rose 3.4% to 135,470 yuan ($19,304 per metric ton) after peaking at 138,800 yuan, the highest since July 9. Meanwhile, three-month nickel on the London…
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October 7, 2024

Nickel Production Halt at Ambatovy Mine Threatens Madagascar’s Economy

Nickel, which accounted for 25% of Madagascar’s export value in 2022, faces a significant disruption following an incident at the Ambatovy nickel mine. Japan’s Sumitomo Corporation, which operates the mine, reported damage to the pipeline transporting ore to the processing plant, leading to a suspension of production. The halt at Madagascar’s largest nickel mine comes…
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October 7, 2024

Vale Temporarily Halts Operations at Onça Puma Nickel Plant After Storm

Operations at Vale’s Onça Puma nickel plant in Ourilândia do Norte, Pará, have been temporarily suspended following damage to the local power transmission network caused by a severe windstorm on Saturday, October 5. According to Vale, the network is expected to be fully restored by October 15. Vale estimates that this interruption will reduce nickel…
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Platinum

October 7, 2024

Coronation Reverses Stance on Platinum, Acquires 5% Stake in Northam Platinum

Asset manager Coronation has changed its position on platinum group metals (PGMs), acquiring a 5.07% stake in Northam Platinum, just a year after labeling the sector a “value trap” due to declining prices and demand. Northam informed the market of the acquisition on Thursday, marking a significant shift for Coronation, which had previously recommended disinvesting…
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October 7, 2024

PIC Increases Stake in Sibanye-Stillwater as Finnish Lithium Project Gains Momentum

The Public Investment Corporation (PIC), Africa’s largest asset manager, has increased its stake in Sibanye-Stillwater, now holding over 15% of the diversified mining company. This move signals confidence in Sibanye-Stillwater’s long-term growth, particularly in light of its promising lithium project in Finland, which has recently received financial backing through a R10 billion green loan package….
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September 30, 2024

Weekly Metals News Digest – Sep 23-27

**TerraVolta Resources Secures $225 Million for Lithium Project** The US Department of Energy has awarded a $225 million grant to TerraVolta Resources for its Liberty Owl project, which aims to extract lithium from formation water in hydrocarbon fields located in Texas and Arkansas. The project, with an estimated capital investment of over $1 billion, is…
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Palladium

September 25, 2024

Platinum Group Metals See Revival as Hybrid Vehicle Sales Surge

Platinum group metals (PGMs), including platinum and palladium, are experiencing a renewed surge in demand, driven by the rising sales of hybrid vehicles. The shift in the automotive industry toward plug-in hybrids, as opposed to pure electric vehicles (EVs), is reversing the decline in PGM usage seen over the past few years. PGMs, which are…
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September 13, 2024

Palladium Breaks $1,000 Mark as Gold Holds Steady on Fed Easing Speculation

Gold prices increased on Thursday, driven by expectations of a U.S. Federal Reserve interest rate cut next week. Meanwhile, supply concerns from Russia, the world’s largest palladium producer, pushed palladium above the key $1,000 per ounce level. Spot gold was up 0.1% at $2,513.78 per ounce by 1107 GMT, supported by the 21-day moving average…
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