The XII International Congress and Exhibition “Non-Ferrous Metals and Minerals – 2024” opened in Krasnoyarsk on September 10, with experts from 11 countries gathering to discuss advancements in metallurgy technologies. One of the highlights of the event was a presentation by Victor Mann, Technical Director of Rusal, who outlined the company’s progress in using inert anode technology for aluminum production....
Joshua Herring
Geopolitical Tensions and Fed Rate Cut Expectations Push Gold Above $2,500
On Monday, spot gold rebounded after falling to an intraday low of $2,485 per ounce, closing at $2,506 per ounce. Traders focused on upcoming U.S. inflation data for August, with expectations that the Federal Reserve may cut interest rates by either 25 or 50 basis points in the near future. Despite a stronger U.S. dollar, gold prices continued to climb,...
Vale Base Metals Begins Multi-Year Dismantling of Iconic Stacks at Sudbury’s Copper Cliff Smelter
Vale Base Metals (VBM) announced on Wednesday that it is moving ahead with the dismantling of the copperstack and superstack at the Copper Cliff smelter complex in Sudbury, Ontario. This marks the next phase in the company’s efforts to modernize its Canadian operations. The project stems from a multi-billion-dollar investment program unveiled in 2010, which included C$1 billion dedicated to...
Viva ACP Launches Advanced Aluminium Composite Panels for Bus Bodies in India
Viva ACP, Asia’s largest producer of metal composite panels, has introduced a new line of advanced Aluminium Composite Panels (ACP) designed to improve the safety and performance of bus bodies in India. These lightweight panels offer reduced vehicle weight, enhanced fuel efficiency, and better overall performance, while also meeting the new safety standards set by the Indian Ministry of Road...
Iran Accelerates Janja Copper Mining Project to Boost Economic Growth in Sistan Region
Iran is pushing to speed up the development of the massive Janja copper and gold mining project in the southeastern province of Sistan and Baluchistan, aiming to harness the project’s economic benefits to uplift the impoverished region near the Afghan border. On his first official visit, newly-appointed industries minister Mohammad Atabak toured the Janja project in Nimrooz county, emphasizing the...
China Minmetals to Establish $1.41 Billion Lithium Miner in Qinghai
State-owned China Minmetals plans to create a 10 billion yuan ($1.41 billion) mining company in partnership with local firms in Qinghai, a lithium-rich province in northwestern China. The new entity, provisionally named China Salt Lake Industry Group, aims to develop a world-class production hub while bolstering national security around potassium and lithium resources. Lithium, crucial for electric vehicle batteries and...
Canada Nickel Eyes $500M Loan for World’s Largest Nickel-Cobalt Sulphide Project
Canada Nickel has announced that Export Development Canada (EDC) may provide a $500 million loan for its Crawford project in northern Ontario, which is poised to become the world’s largest nickel-cobalt sulphide development. This potential funding, combined with $600 million in tax credits from the Canadian government, would support the construction of the C$3.5 billion project, set to proceed in...
Copper Demand for Electric Vehicles by 2050 Poses Major Global Challenge, Says Study
The International Energy Forum (IEF) has highlighted a critical challenge for the future of electric vehicle (EV) manufacturing: the world’s copper production is far from sufficient to meet the projected demand for a full EV rollout by 2050. According to research led by Dr. Lawrence Cathles from Cornell University and Dr. Adam Simon from the University of Michigan, global copper...
Boliden Seeks Strategic Status for Finland’s Kevitsa Mine Under EU’s Critical Raw Materials Act
Boliden has applied to have its Kevitsa mine in Finland designated as a strategic project under the European Union’s Critical Raw Materials Act (CRMA), as announced on the company’s LinkedIn page and highlighted by Metal Supply. The Kevitsa mine contains 14 of the 17 raw materials that the EU has classified as essential for industries involved in the green transition....
BMI Predicts Growing Tin Shortage and Price Surge by 2032
BMI, a division of Fitch Solutions, has revised its forecast for the global tin market, projecting an escalating shortage and further price increases in the coming years. Tin prices, which averaged $18,730 per ton between 2016 and 2020, have surged to over $32,000 per ton, driven by a supply deficit. The tin market has been severely affected by disruptions in...