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    Nornickel to Commission Repaired Furnace at Nadezhda Plant Ahead of Schedule

    Nornickel to Commission Repaired Furnace at Nadezhda Plant Ahead of Schedule

    Nornickel announced it will commission the repaired furnace at the Nadezhda Metallurgical Plant (NMZ) in Russia three days ahead of schedule. The company revealed this update via its official Telegram channel, highlighting the expedited pace of construction and installation work at NMZ. The new furnace is set to be heated up on July 16, marking a record time for this...

    Colep Packaging Expands in Aerosol Market with Complete Acquisition of ALM

    Colep Packaging Expands in Aerosol Market with Complete Acquisition of ALM

    In 2024, ALM is expected to achieve sales exceeding €16 million. By 2026, the company plans to double its production capacity for aluminium aerosols, supported by a post-acquisition expansion plan involving an investment of over €15 million. This additional investment will focus on improving infrastructure and increasing the production capacity of the Barcelona plant to better serve the Iberian and...

    BHP’s Nickel Operations Shutdown Sends Shockwaves Through Australian Mining Industry

    BHP’s Nickel Operations Shutdown Sends Shockwaves Through Australian Mining Industry

    The impending closure of BHP’s nickel operations in Western Australia is set to create significant impacts across the sector, with some experts predicting it could signal the decline of the Australian nickel industry. BHP announced on Thursday that it would suspend operations at the Kwinana nickel refinery in Perth, the Kalgoorlie smelter, and its major mines at Mt Keith and...

    Canada Boosts Electric Vehicle Supply Chain with Major Investments

    Canada Boosts Electric Vehicle Supply Chain with Major Investments

    Mining, vehicle and battery manufacturing, charging systems, and end-of-life product recycling are key economic opportunities within Canada’s burgeoning electric vehicle (EV) supply chain. Canada plays a pivotal role in strengthening the critical minerals value chains that support these technologies and clean energy sources. The mining sector alone employs over 700,000 Canadians, contributes nearly $160 billion to the GDP, and generates...

    Norilsk Nickel Advances Development of Russia’s Largest Lithium Deposit

    Norilsk Nickel Advances Development of Russia’s Largest Lithium Deposit

    Norilsk Nickel (Nornickel), Russia’s top metals miner, is progressing with the development of the Kolmozerskoye lithium deposit in the Murmansk region amid curtailed exports to the country hit by Western sanctions. The project, the largest of its kind in Russia, is being conducted through a joint venture with state nuclear corporation Rosatom called Polar Lithium. The Kolmozerskoye deposit, initially explored...

    Gold Prices Experience Turbulence Amid Fed Comments and Market Expectations

    Gold Prices Experience Turbulence Amid Fed Comments and Market Expectations

    Spot gold prices experienced significant fluctuations, soaring to nearly $2,387 per ounce before retreating sharply, briefly dipping below the $2,370 mark. The precious metal eventually closed at $2,371.04 per ounce on Wednesday, marking a 0.32% increase for the day. Earlier in the day, gold prices hit an intraday high of $2,386.70 per ounce ahead of Federal Reserve Chairman Jerome Powell’s...

    Lynas Rare Earths Faces Sulphuric Acid Supply Disruption Due to BHP Nickel Operations Suspension

    Lynas Rare Earths Faces Sulphuric Acid Supply Disruption Due to BHP Nickel Operations Suspension

    Lynas Rare Earths has raised concerns about the potential disruption in the supply of sulphuric acid to its Kalgoorlie processing facility following BHP Group’s announcement to suspend its Western Australia nickel operations starting October. BHP, the world’s largest-listed miner, cited a decline in metal prices and an oversupply issue in the global market as reasons for the suspension. On Friday,...

    Palladium: Sustained Demand Amidst Price Fluctuations and Supply Challenges

    Palladium: Sustained Demand Amidst Price Fluctuations and Supply Challenges

    Palladium, a vital metal for modern industries, has seen a significant price drop from its all-time high. In March 2022, spot palladium peaked near CAD $3400 per ounce but currently trades at $1343 per ounce (Kitco). Despite this decline, palladium demand remains strong, driven by stringent environmental standards and emerging technologies. This article explores the bullish outlook for palladium, emphasizing...

    Serbian Court Reinstates Rio Tinto’s Jadar Lithium Project Licenses

    Serbian Court Reinstates Rio Tinto’s Jadar Lithium Project Licenses

    The Serbian Constitutional Court has overturned the government’s decision to revoke the licenses for Rio Tinto Group’s $2.55 billion Jadar lithium project, Reuters reported on July 11. The court ruled that the 2022 decision by the Serbian government was unconstitutional, stating that the government had “overstepped the limits of its competence.” Rio Tinto expressed approval of the court’s decision in...

    Silver Prices Surge Over 2% Following Weak U.S. CPI Data

    Silver Prices Surge Over 2% Following Weak U.S. CPI Data

    Spot silver prices jumped by more than 2% due to weak U.S. Consumer Price Index (CPI) data, triggering a sell-off of the U.S. dollar. FXStreet analyst Christian Borjon Valencia has analyzed the technical trends of silver prices in a new article released on Friday. Valencia noted that silver prices exhibited a ‘double-bottom’ pattern. The weaker-than-expected inflation data from the U.S....

    Aurubis Hamburg Completes Major Maintenance Shutdown

    Aurubis Hamburg Completes Major Maintenance Shutdown

    Aurubis AG has successfully concluded the largest maintenance shutdown in its history at the Hamburg plant. The extensive project involved 500 maintenance and modernization tasks, including the installation of hydrogen-ready anode furnaces and the expansion of carbon-free industrial heat, with an investment of nearly €250 million. During this shutdown, significant upgrades were made to enhance plant efficiency and environmental sustainability....

    US Zinc Production Rises Slightly Despite April Decline

    US Zinc Production Rises Slightly Despite April Decline

    US domestic mine production of zinc reached 53,800 metric tons (t) in April 2024, according to the US Geological Survey (USGS). For the first four months of 2024, total zinc mine production amounted to 243,000 t, reflecting a 4% increase compared to the same period in 2023. Despite the overall increase, April’s average daily production of 1,790 t marked a...

    Narryer Metals Uncovers Promising Mineralization at Rocky Gully Project

    Narryer Metals Uncovers Promising Mineralization at Rocky Gully Project

    Narryer Metals has announced a successful initial drilling program at its Rocky Gully Rare Earth Elements (REE) project in Western Australia. The company identified carbonatite rock and REE/scandium mineralization in the drill core, particularly in drillhole RGDD002, which showed 9 meters at 0.33% Total Rare Earth Oxides (TREO) from 13 meters depth. This includes a high of 1 meter at...

    Guala Closures Acquires Remaining 30% Stake in Polish Subsidiary DGS

    Guala Closures Acquires Remaining 30% Stake in Polish Subsidiary DGS

    Guala Closures has announced the acquisition of the remaining 30% stake in Guala Closures DGS Poland (DGS), one of the world’s largest producers of aluminum closures for spirits, wine, and non-alcoholic beverages. This acquisition allows Guala Closures to fully integrate DGS, which produces approximately 4 billion aluminum closures annually. Founded in 1991 by a consortium led by Krzysztof Grzadziel, Guala...

    Critical Metals Joins European Lithium-Obeikan for Saudi Lithium Hydroxide Plant

    Critical Metals Joins European Lithium-Obeikan for Saudi Lithium Hydroxide Plant

    Critical Metals Corporation, an Australian mining development company, has partnered with European Lithium-Obeikan Group to build and commission a large-scale lithium hydroxide processing plant in Saudi Arabia. This facility will process spodumene concentrate from the Wolfsberg Lithium Project in Austria. Critical Metals, a significant global player, focuses on producing strategic products essential for electrification and next-generation technologies in Europe and...

    Central Asia Metals Reports H1 2024 Operations Update

    Central Asia Metals Reports H1 2024 Operations Update

    Central Asia Metals has released its H1 2024 operations update for the Kounrad copper recovery plant in Kazakhstan and the Sasa zinc-lead mine in North Macedonia. In terms of safety performance, Kounrad reported zero lost time injuries (LTIs) while Sasa had one LTI. Production figures for H1 2024 revealed that Kounrad produced 6,608 tonnes of copper, and Sasa generated 9,014...

    Nornickel and China Copper Discuss Joint Venture for New Smelter – Reuters

    Nornickel and China Copper Discuss Joint Venture for New Smelter – Reuters

    Nornickel is in talks with China Copper to establish a joint venture aimed at relocating the Copper Plant’s smelting operations from Norilsk to China Reuters reported citing unnamed sources. This collaboration would involve building a new smelting facility in China. As one of the world’s leading producers of nickel, copper, platinum, and palladium, Nornickel produced 209,000 tons of nickel, 425,000...