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Pilbara Minerals Announces $800 Million Plan to Double Lithium Production

Pilbara Minerals, Australia’s largest independent lithium producer, announced plans on Friday to double its production capacity for lithium spodumene at the Pilgangoora operation in Western Australia. The A$1.2 billion ($799.2 million) investment aims to increase output to 1.9 million tonnes per year, pending a feasibility study’s results expected in late 2025. The expansion involves constructing a new flotation plant adjacent…

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    Solar Tech and TOPAK International Launch Pakistan’s First Lithium-Ion Battery Manufacturing Plant

    Solar Tech and TOPAK International Launch Pakistan’s First Lithium-Ion Battery Manufacturing Plant

    Solar Tech, in collaboration with TOPAK International, inaugurated TOPAK PAKISTAN, marking the first manufacturing venture for lithium-ion batteries in Pakistan. This significant event heralds a new era in sustainable energy solutions for the country. The launch event was attended by notable figures including Mr. Peter Ko, CEO of TOPAK China; Mr. Shahid Awan, CEO of Solar Tech and TOPAK Pakistan;...

    Rusal to Implement Import Substitution Program for Automation Systems at Smelters

    Rusal to Implement Import Substitution Program for Automation Systems at Smelters

    Rusal has announced a comprehensive import substitution program for automation systems at its aluminum and alumina smelters, slated to run until 2031. This initiative aims to replace controller equipment and software, enhancing the capabilities of Russian manufacturers in process automation. Currently, the replacement of controller equipment and software is underway at six process sites, with projects at 20 more sites...

    Alcoa Continues Dividend Payments Despite Consecutive Annual Losses

    Alcoa Continues Dividend Payments Despite Consecutive Annual Losses

    Alcoa, the Pittsburgh-based multinational, spends approximately €67 million annually on dividends, even after recording losses for two consecutive years. The company, under the leadership of Chairman and CEO Bill Oplinger, has maintained its dividend payout at $0.40 per share, amounting to $72 million per year. Despite a significant turnaround in its financial performance, with net income dropping from €397 million...

    Sienna Resources Acquires Stonesthrow Gold Project in Saskatchewan

    Sienna Resources Acquires Stonesthrow Gold Project in Saskatchewan

    Sienna Resources has announced the acquisition of the Stonesthrow Gold Project in Saskatchewan, a 13,300-acre property with potential for gold. This new project directly borders Ramp Metals Inc, which recently reported significant gold and silver mineralization, including 73.55 grams per tonne of gold and 19.50 grams per tonne of silver. Sienna’s management cautions that past results or discoveries on nearby...

    Alcoa Appoints New Head for Australian Operations Amid Key Acquisition

    Alcoa Appoints New Head for Australian Operations Amid Key Acquisition

    Alcoa Corporation has appointed BHP veteran Elsabe Muller as its new Australia president and vice president of operations. Starting in October, Muller will oversee Alcoa’s bauxite mining, alumina refining, and aluminium smelting activities in Western Australia and Victoria. Muller, currently BHP’s group HSE officer responsible for health, safety, security, and environmental practices, will succeed interim Australia president Tanya Simmonds. Her...

    Gold Prices Exhibit Volatility Amid Technical Patterns

    Gold Prices Exhibit Volatility Amid Technical Patterns

    Gold prices showed significant volatility during the Asian market session on Thursday, with spot gold briefly touching an intraday high of $2,339.04 per ounce before falling back to around $2,332 per ounce, with the intraday gain shrinking to approximately $4. According to FXStreet analyst Christian Borjon Valencia, the daily chart of gold indicates the presence of a head-and-shoulders pattern. The...

    Controlled Thermal Resources Discusses Lithium Demand, Extraction, and Collaborations

    Controlled Thermal Resources Discusses Lithium Demand, Extraction, and Collaborations

    Increased offtake agreements between automakers and mineral suppliers and a shift towards more affordable lithium-iron-phosphate batteries for electric vehicles are providing long-term stability for lithium demand, according to Rod Colwell, CEO of Controlled Thermal Resources Holdings. Speaking at the Giga USA 2024 conference organized by Benchmark Mineral Intelligence, Colwell discussed the Hell’s Kitchen lithium extraction and geothermal energy project, currently...

    Slovakia Signs €1.233 Billion Investment Contract for EV Battery Plant with InoBat and Gotion Group

    Slovakia Signs €1.233 Billion Investment Contract for EV Battery Plant with InoBat and Gotion Group

    Slovakia has inked an investment deal worth €1.233 billion with the consortium of companies InoBat and Gotion Group for the construction of an electric vehicle battery production plant. Economy Minister Denisa Sakova announced the agreement at a news conference on Thursday. The new facility, operated by GIB EnergyX Slovakia in Surany, Nitra region, will receive €214 million in state investment...

    Aurubis Finalizes Executive Board Reorganization with New CEO and COO

    Aurubis Finalizes Executive Board Reorganization with New CEO and COO

    Aurubis is finalizing its Executive Board reorganization, announced in January, with new appointments effective September 1. The Supervisory Board has appointed Toralf Haag as the new Chief Executive Officer (CEO) and Tim Kurth as the new Chief Operating Officer (COO) for the primary copper business. Inge Hofkens will continue as COO of the Multimetal Recycling division. Haag joins Aurubis from...

    Vale Confirms Copper Production Guidance Despite Fire Incident

    Vale Confirms Copper Production Guidance Despite Fire Incident

    Vale announced on Wednesday that it has not identified any factors that would alter its copper production guidance for 2024. The company assured that its production forecast remains between 320,000 to 355,000 metric tons, with no expected impact on copper sales in the second quarter. The Salobo 1 and 2 plants are continuing normal operations. The update follows a fire...

    Global Platinum Market Projected to Grow by USD 1.75 Billion by 2028

    Global Platinum Market Projected to Grow by USD 1.75 Billion by 2028

    The global platinum market is projected to expand by USD 1.75 billion from 2024 to 2028, growing at a compound annual growth rate (CAGR) of 4.36%, according to Technavio. The rising demand for platinum across various industries, particularly in the automotive sector, is a significant driver of this growth. Platinum is a critical metal primarily used in automotive exhaust systems...

    HAI and LS Cable & System Break Ground on New Production Facility in South Korea

    HAI and LS Cable & System Break Ground on New Production Facility in South Korea

    Hammerer Aluminium Industries (HAI) is advancing its strategic development through a partnership with LS Cable & System, marked by a groundbreaking ceremony for a new production hall in Gumi, South Korea. The ceremony, held on April 17, 2024, signals a significant phase in the collaboration between the two companies. CEO Rob van Gils highlighted the joint venture’s role in HAI’s...

    Quebec’s Grande-Baie Smelter to Receive $165 Million Renovation by Rio Tinto

    Quebec’s Grande-Baie Smelter to Receive $165 Million Renovation by Rio Tinto

    Rio Tinto announced it will invest $165 million to upgrade its Grande-Baie aluminum smelter in Quebec. The project will involve the refurbishment of two anode baking furnaces, including rebuilding their concrete shells and refractory linings. The restoration is scheduled to be completed within two years. The company will also conduct feasibility studies for the potential replacement of scrubbers and overhead...

    Kingston Resources Commences Open Pit Mining at Pearse North

    Kingston Resources Commences Open Pit Mining at Pearse North

    Kingston Resources has begun open pit mining at the Pearse North site, with the initial blast occurring on June 11. The first batch of oxide ore has been delivered to the ROM pad, marking a significant milestone for the company. This development comes three weeks after completing the tailings retreatment project. The restart of hard rock mining at Mineral Hill,...

    K92 Mining Secures New Credit Facilities and Offtake Agreement with Trafigura

    K92 Mining Secures New Credit Facilities and Offtake Agreement with Trafigura

    K92 Mining and its Papua New Guinea subsidiary have entered into two separate credit facilities with Trafigura, replacing the previous $100 million loan agreement with an upsized amount of $120 million. This new arrangement includes an option to increase the total available credit to $150 million. The funds from these facilities are intended for general corporate purposes, working capital, and...

    Elemental Opens Metal Recovery Plant in Zawiercie

    Elemental Opens Metal Recovery Plant in Zawiercie

    Elemental Strategic Metals, part of the recycling group Elemental, has inaugurated a new plant in Zawiercie, Poland, dedicated to recovering strategic industrial and precious metals from Li-Ion batteries of electric vehicles and from automotive and industrial catalysts. The project, valued at PLN 600 million (EUR 138.6 million), marks a significant step in enhancing the recycling and reuse of critical materials....

    Copper Prices Steady Amid Supply Constraints and Weak Dollar

    Copper Prices Steady Amid Supply Constraints and Weak Dollar

    Copper prices held firm on Wednesday, bolstered by tight ore supplies and a weakening U.S. dollar, though gains were limited by concerns over demand in China, the top consumer of the metal. At 0458 GMT, three-month copper on the London Metal Exchange (LME) rose 0.5 percent to $9,720 per metric ton, while the most-traded July copper contract on the Shanghai...