Power Metal Resources, a London-listed exploration company, has announced the successful completion of an initial field exploration program at the Balthaga Lithium Project in Saudi Arabia. The exploration is part of an agreement with RIWAQ Al-Mawarid for Mining, a subsidiary of EV Metals Group plc, to earn a 30% ownership interest in 15 tenements, 13...
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True North Copper has officially commenced mining activities at its Wallace North deposit, part of the Cloncurry Copper Project (CCP) in Queensland. Initial operations have started with clearing and blast hole drilling underway. Wallace North is one of four open-pit deposits within the CCP and boasts an Ore Reserve of 0.7 million tonnes (Probable) grading...
READ MOREStellantis Plans to Become a Nickel Producer Investment in Indonesian Nickel Production European automobile giant Stellantis is negotiating with Brazilian corporation Vale and Chinese company Huayou Cobalt to invest in nickel production facilities in Indonesia. Vale plans to establish two metallurgical plants in partnership with Western car manufacturers, one with Ford and the other with...
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Vale Canada Limited, the Canadian subsidiary of Brazil’s Vale, has finalized the sale of its stake in Vale Indonesia for $155 million (144 million euros) in cash. The shares have been sold to Japan’s Sumitomo Corporation and the Indonesian state mining company, Mind ID. Following the sale, Mind ID now holds approximately 34% of Vale...
READ MOREChemX Materials has achieved a significant milestone in its quest to produce high-purity alumina (HPA) with the early-stage commissioning of a leach circuit at its “HiPurA” pilot plant in Western Australia. The leach circuit is essential in the purification process to produce 99.99 percent purity HPA from its planned 24-tonne per annum plant. The commissioning...
READ MORERock Tech Lithium has announced it will receive up to 100 million Euros in direct grants for its lithium refinery in Guben, Germany. This funding comes from the State of Brandenburg and the German Railway Authority, with further applications for federal guarantees ongoing. Brandenburg’s Ministry for Economic Affairs, Labour and Energy has committed up to...
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Chilean miner Antofagasta has reached an agreement with some Chinese smelters to significantly reduce copper treatment and refining charges (TC/RCs) to $23.25 per metric ton and $2.325 cents per pound, according to sources close to the matter. This mid-year agreement marks a sharp decline from the $80 per ton and 8 cents per pound set...
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Eureka Lithium has announced the launch of its 2024 exploration program targeting lithium-bearing pegmatite deposits in the Nunavik region. The company will begin its extensive fieldwork in the New Leaf area in the coming weeks. Continuing its collaboration with GroundTruth Exploration, Eureka aims to build on the successes of the previous year. GroundTruth, known for...
READ MORELynas Rare Earths, an Australian-listed miner, plans to separate two types of heavy rare earths at its Malaysian plant, aiming to weaken China’s dominance in the market for these essential materials used in electric cars and electronics. The company has developed a new process to produce separated dysprosium and terbium for the first time at...
READ MOREThe titanium-zirconium subsoil plot “Eastern part of the Tsentralnoye deposit” in the Tambov Region, previously developed by VSMPO-AVISMA, has been put up for auction, according to GIS Torgi data. VSMPO-AVISMA Corporation had earlier shown interest in this deposit. In January 2023, the company sought proposals for design work on backhole drilling and large-tonnage sampling of...
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Copper prices on the London Metal Exchange (LME) fell today due to a significant increase in stock levels at LME-approved warehouses. Stocks have surged over 60% since mid-May to 167,825 tonnes, primarily driven by deliveries from China to Asian warehouses. The industrial metals sector is also facing pressures from rising protectionism, such as the European...
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The copper industry is currently grappling with a complex cycle of supply and demand, intensified by the growing push for decarbonization technologies. This interdependent relationship has created a precarious scenario where deficits in copper supply could jeopardize green initiatives, which in turn exacerbate the copper supply crisis. The future of sustainable programs may hinge on...
READ MOREFrench mining company Eramet and German chemical giant BASF have announced the cancellation of their planned $2.6 billion joint investment in a nickel-cobalt refining complex in Weda Bay, Indonesia. The decision was made after a thorough evaluation and discussions about the project’s execution strategy. Eramet stated that it would continue to explore potential investments in...
READ MOREGradiant, a global provider of advanced water and wastewater treatment solutions, has announced the creation of alkaLi, a new standalone company focused on accelerating the production of battery-grade lithium. alkaLi will leverage EC(2), the world’s only all-in-one solution designed to Extract, Concentrate, and Convert lithium efficiently. EC(2) offers a rapid production process, significantly reducing operational...
READ MOREStellantis, the world’s third-largest automaker, is entering discussions with Brazil’s Vale and China’s Huayou Cobalt to invest in a nickel production unit in Indonesia. Vale has announced plans to build three nickel production plants in the country, one in collaboration with Ford and another with Stellantis. This initiative aims to secure a stable supply of...
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The construction of the Malmyzhsky mining and processing plant in Khabarovsk Krai, Russia, is nearing completion, with its launch scheduled for this year. According to the Ministry of Energy of Khabarovsk Krai, builders have navigated challenging terrain, including hills ranging from 120 to 190 meters high, over the past three years to develop the site....
READ MORERusal 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...
READ MOREAlcoa, 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...
READ MOREIncreased 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...
READ MOREAurubis 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...
READ MOREHammerer 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...
READ MOREChinese Premier Li Qiang met with Australian Prime Minister Anthony Albanese in Perth on June 18th to address ongoing disagreements over Chinese investment in Australia’s key minerals sector. This visit marks the first by a senior Chinese leader to Australia in seven years and comes as Australia seeks to diversify its supply chains for essential...
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This Tuesday, June 18, at 12 noon, workers at Alcoa’s San Cibrao factory will gather for an assembly organized by the works council. The meeting, as usual, will be held in the canteen of the industrial complex to discuss the ongoing situation at the factory. The assembly follows a recent meeting in Madrid at the...
READ MORERare Earths Norway (REN) has announced the first JORC2012 compliant resource estimate for its Fen carbonatite rare earth mine in southeast Norway, following three years of exploration. This development marks a significant milestone for the company, which holds exploration licenses for 90% of the Fen carbonate mafic body area. The initial inferred resource estimate is...
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