Serbian President Aleksandar Vucic is poised to give Rio Tinto the go-ahead to develop Europe’s largest lithium mine, two years after the project was halted, according to the Financial Times. Vucic indicated that “new guarantees” from Rio Tinto and the European Union have addressed Serbia’s environmental concerns about the Jadar site in western Serbia. “If...
READ MOREBoliden Harjavalta and Etteplan have entered into a cooperation agreement to provide engineering services for Boliden Harjavalta’s facilities in Pori and Harjavalta. Etteplan’s expertise in engineering solutions and production process management will support Boliden Harjavalta’s operational optimization and digital engineering process needs. As part of this collaboration, Etteplan and Metso have agreed on a business...
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Commerzbank reported today that there is limited scope for further upside in base metal prices, suggesting that the potential has been exhausted or even overdone. The German bank had previously attributed the rise in metal prices to a more positive economic outlook due to the prospect of interest rate cuts in major economies. However, in...
READ MOREOn Thursday, spot silver prices tumbled, losing the $29.00 per ounce mark due to pressure from a surging dollar. FXStreet analyst Christian Borjon Valencia provided a technical analysis of the silver price trend on Friday. Valencia noted that silver prices have fallen sharply over the past six days, losing more than 7%. On Thursday, silver...
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Anglo-Australian miner Rio Tinto announced on Thursday that newly published environmental studies indicate its Serbia lithium project, halted in 2022 after widespread protests, would be safe for the environment. The $2.4 billion Jadar lithium project in Western Serbia could potentially cover 90% of Europe’s current lithium needs, positioning the company as a leading lithium producer....
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Indonesian nickel company PT Ceria Nugraha Indotama plans to receive support from Glencore for the construction of a battery factory ahead of its initial public offering (IPO) in 2025, according to a press release from Ceria Nugraha. Glencore is in discussions to acquire a 10% stake in PT Ceria and finance a high-pressure acid leaching...
READ MOREAccording to Kanat Sharlapaev, Minister of Industry and Construction of the Republic of Kazakhstan, the East Kazakhstan region is likely to become a major hub for lithium production, reports Kazinform News Agency. Today, President Kassym-Jomart Tokayev of Kazakhstan hosted South Korean President Yoon Suk Yeol at the Akorda presidential residence. During the meeting, Minister Sharlapaev...
READ MORERusal, the Russian aluminum giant, is exploring the creation of a joint venture in Uzbekistan to produce aluminum car rims, aiming to enter the markets of Central Asia and the Middle East. This initiative marks a significant step towards developing a new aluminum industry in Uzbekistan, which is crucial for modernizing its economy. Aluminum is...
READ MOREArdea Resources has enhanced the nickel-cobalt inventory at its Goongarrie Hub project near Kalgoorlie, Western Australia, using a high-tech mineral processing technique. This achievement has earned the company a $1.1 million grant from the Federal Government. Less than two months ago, a Japanese consortium led by Sumitomo Metal Mining and Mitsubishi Corporation committed to funding...
READ MOREVedanta Chairman Anil Agarwal highlighted India’s heavy reliance on gold and copper imports and emphasized the need for increased private sector participation to unlock the potential of these sectors. Despite India’s substantial resources, the country remains heavily dependent on imports for both metals. “In today’s times, the importance of gold and copper has become significant,”...
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Energy Fuels announced on Monday that it has achieved commercial production of separated neodymium-praseodymium (NdPr) at its White Mesa mill in Utah. These rare earth elements, crucial for magnets in EVs and military technologies, will be produced at the company’s new Phase 1 REE separation circuit with an annual capacity of 850 to 1,000 metric...
READ MOREGazprombank plans to provide up to 40 billion rubles (USD 450 million) in financing to implement advanced technologies at Rusal’s Krasnoyarsk (KrAZ) and Bratsk (BrAZ) aluminum smelters. These are the group’s largest smelters, producing over 2 million tons of aluminum annually. The financing agreement was signed during SPIEF-2024. The modernization project involves converting 50% of...
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Albemarle Corporation (NYSE: ALB), a leader in essential elements for mobility and energy, introduced its plan for the Kings Mountain Mine in the U.S., a significant hard-rock lithium deposit. Pending approvals, the mine is set to produce about 420,000 tons of lithium-bearing spodumene concentrate annually, supporting sustainable transportation and defense applications. “The Kings Mountain Mine...
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A project team tasked with developing an integrated economic cluster for aluminium in Suhar conducted a field visit to Suhar Industrial City to discuss the establishment of an aluminium industry cluster. The team, overseen by the Public Authority for Special Economic Zones and Free Zones (OPAZ), includes representatives from OPAZ, the Public Establishment for Industrial...
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Bulgarian car parts producer ZS Europe, a subsidiary of China’s Shanghai Unison Aluminium Products, will invest BGN19 million (€9.7 million) in a new high-tech plant in the Trakia Economic Zone near Plovdiv. This investment was announced by the innovation ministry on June 10. The new facility will produce aluminum parts for the automotive industry and...
READ MOREOn June 11, Chen Yubi, President of Nuode New Materials, met with Arun Mittal, CEO of Exide Energy, in Shanghai to finalize a strategic cooperation agreement. Exide Energy is the largest battery manufacturer in India. Nuode New Materials operates four major production bases for electrolytic copper foil, boasting an annual production capacity of 120,000 tons...
READ MOREOracle Power has exercised its option to acquire 100% of the Blue Rock Valley Copper and Silver Project in Western Australia, following the completion of due diligence. The acquisition, valued at GBP 200,000, is subject to Western Australian government approval. Located in the Ashburton Basin, 165km southeast of Onslow, Blue Rock boasts high-grade copper and...
READ MORECritical Metals has signed a binding heads of agreement to acquire a controlling interest in the Tanbreez Greenland Rare Earth Mine, one of the world’s largest rare earth deposits. The transaction is valued at up to $211 million. The Tanbreez Project, located in southern Greenland, is a significant addition to Critical Metals’ portfolio. It offers...
READ MOREThe global high purity alumina (HPA) market is expected to grow by USD 6.82 billion from 2024 to 2028, according to Technavio, with a CAGR of over 33.95%. The increasing adoption of LED lighting and lithium-ion batteries is driving market growth, despite the high production costs of HPA. Key market players include Advanced Energy Minerals,...
READ MORECodelco, Chile’s state-owned mining company, is aiming to commence production at the Maricunga lithium project by 2030, with construction slated to begin in 2027. This timeline was reported by Reuters on June 6, citing a document from Codelco and investment firm Rothschild & Co. The project’s initial phase will produce 20,000 metric tons of lithium...
READ MOREEach day brings news of another critical minerals mining project shutting down, being mothballed, or placed on care and maintenance. This reality is stark for certain commodities: First Quantum Minerals is closing its Ravensthorpe nickel mine once again, BHP is reassessing Nickel West, and Arcadium closed its Mt Cattlin lithium operation in March. Despite these...
READ MOREOn Tuesday, Eastern Time, Occidental Petroleum Corporation, a company in which Warren Buffett holds a significant stake, announced a joint venture with Berkshire Hathaway Energy (BHE) to test and deploy technology for extracting lithium from geothermal brine. Buffett’s Berkshire Hathaway is the largest shareholder of Occidental Petroleum, holding over 34% of its shares. BHE Renewables,...
READ MORERussian aluminium giant Rusal is in discussions with the government of Sierra Leone regarding a bauxite mining concession, according to reports from the RIA state news agency. Julius Mattai, Sierra Leone’s minister of mines and mineral resources, confirmed the negotiations during the St Petersburg International Economic Forum. “We had several meetings during which they (Rusal)...
READ MOREEuropean Energy Metals has initiated its 2024 field exploration programs across its extensive land holdings in Finland. The company, listed on TSXV and FSE, holds approximately 250,000 hectares of Exploration Reservations and 4,500 hectares of Exploration Licenses (EL) for Lithium-Cesium-Tantalum (LCT) Pegmatites. The exploration program will include detailed prospecting, geological mapping, selective trenching, ground magnetic...
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