Umicore, a Belgium-based company specializing in circular materials technology across material science, chemistry, and metallurgy, has postponed its plans to build a CAD2.8 billion ($2 billion) electric vehicle battery materials plant in Ontario. The decision comes as consumer adoption of electric vehicles falls short of expectations. In October, Umicore confirmed its intention to construct the...
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Remedium Lifecare has announced a strategic partnership with UK-based Angel Partners to acquire technology for manufacturing lithium carbonate in India. This collaboration, effective from July 29, 2024, aims to bolster India’s capabilities in producing essential materials for lithium-ion batteries. In addition to this partnership, Remedium Lifecare has also entered into an annual supply agreement with...
READ MOREMexico-focused precious metals producer Fresnillo PLC announced an 11% rise in revenue for the first half of 2024, reaching USD1.49 billion, up from USD1.34 billion a year ago. The company’s pretax profit surged to USD277.8 million, a significant increase from USD47.9 million in the same period last year. The increase in profitability was attributed to...
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Thousands of protesters gathered across several towns in Serbia on July 29 to express their opposition to the reopening of a controversial lithium mine. The mine, located near the western city of Loznica, had been closed for two years following widespread public dissent. The project, led by Anglo-Australian mining company Rio Tinto, has been a...
READ MORESix months after Sayona Mining and Piedmont Lithium announced a cost-cutting review at their jointly owned North American Lithium (NAL) mine in Quebec, the operation is still struggling to stabilize. In the second quarter, NAL produced 49,660 dry metric tonnes of 5.3% concentrate, a 23% increase from the previous quarter, attributed to improved mill utilization,...
READ MOREEuropean Union Increases Titanium Imports from Russia Fluctuating Import Figures Titanium exports from Russia to the European Union have shown mixed trends in 2024. Over the first five months, exports decreased by 22%, totaling $14.2 million. However, in May, there was a notable increase of almost one-third compared to April, reaching $3.4 million. Country-Specific Import...
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Copper prices may fall further from their highs earlier this year if demand from China continues to weaken, warned Duncan Wanblad, CEO of Anglo American. Despite the anticipated increase in copper demand driven by global decarbonization efforts, the metal’s price remains heavily influenced by Chinese economic sentiment. Wanblad highlighted copper’s sensitivity to market perceptions about...
READ MOREEmirates Global Aluminium (EGA), the largest ‘premium aluminium’ producer globally and the UAE’s largest industrial company outside of oil and gas, has become the first company to digitally link its metal quality analysis system to the London Metal Exchange (LME). This digital connection automates the submission of certificates of analysis, essential documents for verifying the...
READ MOREIn its recent “2024 Half-Yearly Results Announcement,” Zhongwei detailed significant progress in its nickel industry projects in Indonesia. The company has established four major raw material production bases for nickel smelting in the country, with a combined capacity of 200,000 metal tons, either completed or under construction. This development ensures a reliable and autonomous supply...
READ MOREKam Kiu Aluminium Products Group, headquartered in Hong Kong, has announced plans to invest $100 million in an aluminum plant in Vietnam’s northern province of Nam Dinh. This facility will be the company’s first overseas investment. Harley Lei, a company executive, revealed that the plant will span 12-20 hectares in the My Thuan Industrial Park....
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Between 2014 and 2023, Rwanda topped the global coltan export rankings five times, surpassing the Democratic Republic of Congo (DRC). Despite accusations of “illegally” exporting Congolese coltan, Rwanda claims to possess mineral reserves worth $150 billion and is now seeking to uncover this potential. On July 23, the Rwandan government signed an agreement with Rio...
READ MOREBase metal prices have recently fallen to multi-month lows, driven by a combination of supply factors and increased demand pressures, according to a report by Commerzbank Research released on Tuesday. Reflecting this decline, the London Metal Exchange (LME) index, which tracks six non-ferrous metals traded on the LME, dropped by 5.6% week-on-week, slipping below the...
READ MOREAccording to the U.S. Geological Survey (USGS), the United States saw an increase in domestic zinc mine production in May 2024. The recoverable zinc production for the month was 68,200 metric tons, bringing the year-to-date total to 312,000 metric tons, which is a 5% increase compared to the same period in 2023. Average daily recoverable...
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Anglo American Platinum has confirmed plans to finalize its demerger from Anglo American PLC by 2025, according to a company spokesperson. The company also announced intentions for a secondary listing on the London Stock Exchange. “We are assessing the best options for protecting all shareholders and in particular, to mitigate the risk of flowback, we...
READ MOREThe Australian lithium mining sector has experienced turbulent times over the past couple of years. Lithium prices soared in late 2021, driven by forecasts of extensive electric vehicle (EV) adoption. However, a global rush to capitalize on high prices led to an oversupply of lithium, flooding the market. Concurrently, EV sales failed to meet expectations,...
READ MOREConstellium has announced a long-term agreement with Lotte Infracell, a subsidiary of Lotte Aluminium, to supply foilstock for battery foil applications in Europe. This partnership underscores Constellium’s commitment to the expanding electric vehicle (EV) market and its focus on advanced automotive aluminium solutions. Under the agreement, Constellium will supply high-quality foilstock from its Singen site...
READ MORESouth32’s South African manganese and aluminium mines reported increased production in the quarter ending June 2024, despite facing logistical constraints and electricity supply issues. The company highlighted that its cost profile in South Africa is highly dependent on rand fluctuations, affecting raw material pricing and electricity supply dynamics. Over the past three months, electricity supply...
READ MOREThe European Union has reduced its titanium imports from Russia by 22% year-on-year, totaling 2,461 tons in the first five months of 2024, according to Eurostat data. Despite this annual decrease, May saw a significant increase in supplies by nearly a third compared to April, reaching 578 tons. Notably, France increased its imports from Russia...
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Integrals Power, a UK-based company has launched a pilot plant capable of producing 20 tonnes of advanced battery materials annually. The facility demonstrates the scalability of the company’s proprietary technology for producing lithium iron phosphate (LFP) and lithium manganese iron phosphate (LMFP) nanomaterials, crucial for the future of electromobility. Company founder and CEO Behnam Hormozi...
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Silver has emerged as one of the best-performing asset classes year-to-date, delivering a 24.7% return, surpassing gold’s 17% gain. This impressive performance is largely driven by robust industrial demand and supply constraints. Approximately 60% of silver’s total demand stems from industrial applications. Recent years have seen a significant uptick in this demand, particularly due to...
READ MOREVSMPO-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...
READ MOREIn 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...
READ MOREState 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...
READ MORENortham Platinum has announced a more than 10% rise in production for the fiscal year ending in June, despite facing challenges such as increased mining inflation and weak platinum group metals (PGMs) prices. The company expects these market conditions to persist for a while. The Minerals Council South Africa recently warned of lower mining output...
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