Subscribe to the most timely news about the metals market

    Metals Wire's weekly digest for mining and processing industry professionals, investors, analysts, journalists.

    Anglo American’s Q2 Copper Production Drops 6% Amid Lower Throughput

    Anglo American’s Q2 Copper Production Drops 6% Amid Lower Throughput

    Anglo American has reported a 6% decline in copper production for the second quarter, totaling 196,000 tonnes compared to 209,000 tonnes in the same period last year. The reduction was primarily due to decreased throughput at Los Bronces and El Soldado, along with planned lower grades at Quellaveco. However, this was somewhat mitigated by increased throughput at Collahuasi, driven by...

    Core Lithium Surpasses Production Guidance for FY2024, Pauses Operations for Feasibility Review

    Core Lithium Surpasses Production Guidance for FY2024, Pauses Operations for Feasibility Review

    Core Lithium has reported preliminary production results and its financial position for the fiscal year ending June 30, 2024. The company achieved 95,020 dry metric tonnes (dmt) of spodumene concentrate, exceeding its revised production guidance. Additionally, Core shipped 97,423 dmt, with the June quarter seeing record shipments of 33,027 dmt of spodumene concentrate and 19,771 dmt of lithium fines. These...

    Talon Metals to Implement Circulor’s Traceability Solution for Nickel and Copper Production

    Talon Metals to Implement Circulor’s Traceability Solution for Nickel and Copper Production

    Talon Metals announced plans to deploy Circulor’s traceability technology to ensure full transparency of its nickel and copper production processes. This initiative aims to trace the company’s nickel and copper concentrates, along with by-products such as iron compounds for LFP batteries, cobalt, platinum group metals, and gold. Circulor’s technology provides comprehensive tracking capabilities, verifying the provenance, production standards, and embedded...

    Rusal Finalizes Fleet of Rotary Kilns with $12.1 Million Investment

    Rusal Finalizes Fleet of Rotary Kilns with $12.1 Million Investment

    Rusal is nearing the completion of its fleet of rotary kilns, having invested 1.1 billion rubles ($12.1 million) in the project. This development aims to enhance the company’s aluminum production capabilities, focusing on sustainability and efficiency. The new kilns will enable Rusal to recycle and reprocess 17,000 tons of consumer aluminum scrap annually, significantly boosting the production of aluminum with...

    VSMPO-AVISMA Reports Higher Revenue But Lower Financial Results in First Half of 2024

    VSMPO-AVISMA Reports Higher Revenue But Lower Financial Results in First Half of 2024

    VSMPO-AVISMA Corporation announced an 11.1% increase in revenue for the first half of 2024, totaling 51.219 billion rubles ($563.409 million) compared to the same period last year. However, the cost of sales surged by 31.7%, reaching 34.808 billion rubles ($383.348 million). The company’s total financial result for the period significantly declined, amounting to 8.144 billion rubles ($89.584 million), down 44%...

    Alcoa Faces $15 Million Hit from Lower Bauxite Grades, Confirms Kwinana Closure

    Alcoa Faces $15 Million Hit from Lower Bauxite Grades, Confirms Kwinana Closure

    Alcoa, headquartered in Pittsburgh, has reported that lower grades at its South West bauxite mines in Western Australia will cost the company nearly $15 million next quarter. This impact was detailed in the company’s quarterly report, where it revised its earnings projections. The unfavorable Australian bauxite grades are expected to result in a $US10 million ($14.8 million) impact, contributing to...

    Noronex Partners with South32 for Copper Exploration in Namibia

    Noronex Partners with South32 for Copper Exploration in Namibia

    Noronex has announced an Earn-in Agreement and Strategic Alliance with South32, focusing on copper exploration in Namibia’s Kalahari Copper Belt. Highlights: – Exploration Funding: South32 will invest A$3 million annually over five years in exploration at Noronex’s Humpback-Damara Copper Project. – Ownership Interest: South32 can earn a 60% stake in Noronex’s subsidiary, Noronex Exploration and Mining Company (Proprietary) Limited (Noronex...

    Rio Tinto and Alteo Collaborate on Environmental Remediation at Gardanne and Mange-Garri Sites

    Rio Tinto and Alteo Collaborate on Environmental Remediation at Gardanne and Mange-Garri Sites

    In a move addressing longstanding concerns of local residents and environmental groups, Rio Tinto and Alteo have entered into an agreement to manage the remediation of the Gardanne industrial site and the Mange-Garri bauxite residue storage site in France. This initiative targets the notorious red sludge, or bauxaline, that has been stored on the Mange-Garri plateau near Bouc-Bel-Air for decades....

    Spot Silver Drops 3% Despite Weak Dollar, Analyst Sees Potential for Further Decline

    Spot Silver Drops 3% Despite Weak Dollar, Analyst Sees Potential for Further Decline

    On Wednesday, July 17th, spot silver experienced a significant decline, falling by 3% despite the dollar’s weakness. According to FXStreet analyst Christian Borjon Valencia, the drop was driven by profit-taking, pushing silver prices below $31.00 per ounce. Spot silver closed at $30.29 per ounce, marking a 3.01% decrease, with prices reaching a session low of $30.03 per ounce. Valencia’s analysis...

    Anglo American Platinum Reports Q2 2024 PGM Production Decline Despite Operational Gains

    Anglo American Platinum Reports Q2 2024 PGM Production Decline Despite Operational Gains

    Anglo American Platinum Limited has released its Platinum Group Metals (PGMs) production report for the second quarter ending June 30, 2024. The report highlights mixed performance metrics and underscores ongoing safety concerns. During Q2 2024, Anglo American Platinum experienced two work-related fatalities at the Dishaba Mine, part of the Amandelbult complex. This incident contributed to a 2% increase in the...

    EU-Serbia Raw Materials Agreement Aims to Reduce Dependence on China, Says Economic Affairs Secretary

    EU-Serbia Raw Materials Agreement Aims to Reduce Dependence on China, Says Economic Affairs Secretary

    State Secretary for Economic Affairs Franziska Brantner has highlighted the significance of the forthcoming agreement between the European Union and Serbia on raw material supplies, calling it a vital move toward reducing European reliance on China. “The memorandum of understanding with Serbia is a crucial step in utilizing European deposits in a European manner and decreasing dependency on China,” Brantner...

    Gold Prices Retreat After Hitting Record High Amid Profit-Taking

    Gold Prices Retreat After Hitting Record High Amid Profit-Taking

    On Wednesday, July 17, spot gold experienced a sharp decline during the New York session, dropping more than $30 from its recent historical high and approaching the $2,450 per ounce mark. Analysts attribute this pullback to profit-taking by investors, despite the weakening dollar and declining U.S. bond yields. Earlier in the session, gold prices surged to $2,483.69 per ounce, a...

    First Atlantic Nickel Secures Drilling Permits for 2024 Exploration Program in Newfoundland

    First Atlantic Nickel Secures Drilling Permits for 2024 Exploration Program in Newfoundland

    First Atlantic Nickel has received drilling permits for its fully funded 2024 exploration and drilling program at the 100% owned Atlantic Nickel Project in central Newfoundland, Canada. This project aims to explore and develop high-priority awaruite nickel zones along a 30 km nickel trend. The company has started mobilizing heavy equipment to improve existing road infrastructure, allowing more of the...

    Volt Lithium Scales Up to 96,000 Litres Per Day, Prepares for Q3 2024 Operations

    Volt Lithium Scales Up to 96,000 Litres Per Day, Prepares for Q3 2024 Operations

    Volt Lithium has achieved a significant milestone by scaling up its field unit to a processing capacity of 96,000 litres per day, marking a 100-fold increase in its capabilities. This advancement sets the stage for the company to commence field operations in the third quarter of 2024. The company has reported lithium recoveries of up to 99% during the scale-up,...

    Rio Tinto Appoints Katie Jackson to Lead Copper Business

    Rio Tinto Appoints Katie Jackson to Lead Copper Business

    Rio Tinto has appointed Katie Jackson to head its Copper business, taking over from Bold Baatar, who will become Chief Commercial Officer later this year. Jackson, currently President of National Grid Ventures, will start her new role on September 1, 2024, and will be based in London. Jackson’s career spans significant international experience in the energy sector. She began as...

    Antofagasta Reports Q2 Copper Production Increase Amid Mixed Results Across Operations

    Antofagasta Reports Q2 Copper Production Increase Amid Mixed Results Across Operations

    Mining company Antofagasta PLC reported a significant increase in copper production for the second quarter, with output reaching 155,300 tonnes, marking a 20% rise compared to the preceding first quarter. This increase was largely attributed to the improved performance at Los Pelambres following extensive maintenance and cleaning activities on the concentrate pipeline in February. However, this gain was somewhat mitigated...

    Novelis Invests $90 Million to Expand UK Recycling Capacity

    Novelis Invests $90 Million to Expand UK Recycling Capacity

    Novelis announced a $90 million investment to enhance its recycling capabilities at its Latchford plant in the UK. The project will increase the facility’s capacity for recycling used beverage cans (UBCs) by 85 kilotonnes annually, more than doubling its current capacity. According to Emilio Braghi, executive vice president of Novelis and president of Novelis Europe, the company aims to maximize...