Bawtry Carbon, a longstanding manufacturing firm based in Austerfield, Doncaster, has gone into administration, resulting in the majority of its 103 employees being made redundant. This marks the second time in five years that the company, which began operations in 1972, has faced such financial difficulties. The company, known for manufacturing and supplying carbon cathode...
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Sierra Metals is setting the stage for a year of steady production across its base metals portfolio, building on a successful increase in output throughout 2023. The company, with significant operations in Peru’s Yauricocha mine and Mexico’s Bolivar mine, is focusing on copper production while also preparing for future growth. For 2024, Sierra Metals anticipates...
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The U.S. Geological Survey (USGS) has significantly reduced its estimates for Vietnam’s rare earths production, forecasting further decreases despite the country’s abundant resources. This revision contrasts with an increase in production by China, the leading global producer. The adjustments in production estimates come after the Vietnamese authorities arrested corporate executives involved with Western companies in...
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Glencore has announced a decrease in its production of copper, nickel, and cobalt for 2023, with expectations set for continued declines into the current year. These materials, crucial for electric vehicle manufacturing, have seen a downtrend in output amid broader industry challenges. Analysts from Jefferies point out that production hurdles are becoming increasingly common across...
READ MOREAnticipated Copper Shortages and Price Increases Goldman Sachs forecasts a copper market shift towards a deficit of 428 thousand tonnes by the end of 2024, following a temporary surplus in the first quarter. This prediction stems from a confluence of factors, including reduced production at major mines and a slowdown in pure metal production growth....
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In a move that promises to revitalize the Mt Isa smelter, True North Copper (TNC) has entered into a significant offtake and toll-mining agreement with global mining giant Glencore. This partnership marks a pivotal development for the Cloncurry Copper Project (CCP), as Glencore commits to purchasing 100% of the copper produced, with provisions to toll...
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Volta Energy Solutions (VES), a pioneer in battery copper foil technology, is making a significant leap into the North American electric vehicle (EV) market with the construction of a new plant in Quebec, Canada. This expansion aims to address the increasing demand for battery copper foil, vital in the EV supply chain. Founded in 1960,...
READ MOREAustralian battery metal producer IGO Ltd has announced significant strategic shifts, including putting its Cosmos nickel project in Western Australia into care and maintenance. This decision comes amid falling nickel prices largely influenced by Indonesia’s dominant position in the market. IGO, which faced a near A$1 billion writedown in the value of Cosmos and its...
READ MOREIn a significant turn of events in the global nickel market, Australian battery minerals specialist IGO has announced the closure of its Cosmos nickel mine in Western Australia’s Goldfields region, a decision affecting approximately 400 jobs. This move highlights the growing impact of Indonesia’s booming nickel industry on Australian mining operations. IGO Chief Executive Ivan...
READ MOREHecla Mining, the United States’ largest silver producer based in Coeur d’Alene, Idaho, is poised to expand its operations into Latin America, targeting Mexico, Peru, and two other countries. This strategic move is part of Hecla’s plan to accelerate growth following its consolidation in Canada, where it has recently established a strong presence. In 2022,...
READ MOREImerys, a prominent minerals group, has made a significant announcement regarding its ambitious lithium project in Echassières, Allier – one of Europe’s largest lithium mine endeavors. The company confirmed on Monday, 29 January, that its state-of-the-art lithium conversion plant is set to be located near Montluçon, about forty kilometers from the lithium deposit. This strategic...
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4Q Copper Production: MMG, a leading global resources company, has reported an 11% year-on-year increase in copper production for the fourth quarter, reaching 81,206 tons. 4Q Copper Cathode Production: Copper cathode production, however, experienced an 18% year-on-year decline in the fourth quarter, totaling 10,206 tons. 4Q Zinc Production: The company saw a 6% year-on-year rise...
READ MORELycaon Resources is on the brink of completing heritage surveys at its West Arunta Stansmore project, gearing up for drill-testing of 3D magnetic targets indicative of carbonatite-hosted niobium-copper-gold mineralization. The tier-one Luni discovery by WA1 Resources, located 90km south, showcases the exceptional discovery potential of the West Arunta region in central Australia. Lycaon, holding exploration...
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Acron Holding, under the leadership of Pavel Morozov, has expanded its industrial and metallurgical portfolio with the recent acquisition of Transcat, a metallurgical plant in St. Petersburg. Specializing in the production of copper wire rod and contact wires, Transcat plays a strategic role in supplying its products to major cable plants in Russia and CIS...
READ MORENovelis, a leading sustainable aluminum solutions provider and global aluminum rolling and recycling leader, has inked a new contract with Ardagh Metal Packaging USA, a key player in sustainable aluminum beverage packaging solutions. Under the agreement, Novelis will serve as the supplier of aluminum beverage packaging sheet to Ardagh’s metal production facilities located in North...
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Imerys, the global leader in specialty minerals for industry, continues to develop its lithium production project for batteries, reaching a significant milestone with the confirmation of the future locations for the EMILI project’s conversion plant and loading station. Guillaume Delacroix, Vice-President Performance Minerals EMEA – APAC, expressed the significance of Imerys’ commitment to structuring an...
READ MOREIn 2023, the Egyptian government has garnered over $130 million from its share of the Sukari Goldmine (SGM) production, according to Amr Hassouna, Centamin’s Country Manager. The government’s share constituted 50% of the profits and 3% of total revenues from SGM. Hassouna expressed optimism about gold prices, anticipating a continued rise above $2,000 per ounce...
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In a move poised to impact the global copper market, True North Copper (TNC) has announced a partnership with commodities giant Glencore to advance the development of the Cloncurry Copper Project (CCP) in Queensland. This collaboration is expected to not only significantly boost TNC’s Cloncurry copper project but also contribute to the global copper industry....
READ MOREThe second-largest aluminum smelter in the United States, located in southeast Missouri, is facing a major curtailment of its operations, leading to the layoff of most of its employees by January 28. This development was revealed in a local news report, which cited a letter from the management of Magnitude 7 Metals explaining the situation....
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GLM, a leading urban mining firm based in Shenzhen, China, has entered into a groundbreaking Memorandum of Understanding (MoU) with the Singapore Branch of Anglo American plc, a globally renowned resource company headquartered in the UK. Signed on January 24, 2024, this MoU aims to catalyze cooperation in the research and development of nickel products...
READ MOREKazakhstan, a significant player in the non-ferrous metals market, has experienced a downturn in its export volumes across various metals, including copper, aluminum, zinc, lead, and titanium, over the first 11 months of 2023. The decline reflects shifts in international demand and market dynamics, impacting the country’s trade relationships and revenue from these crucial resources....
READ MOREWorkers’ unions at Alcoa’s San Cibrao aluminum plant have firmly declined the company’s suggestion to delay the facility’s reopening, citing a lack of substantial guarantees from the multinational. Despite Alcoa’s push for a response to its proposal by Wednesday, the unions stand united in their demand for the company to adhere to the previously agreed-upon...
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KGHM, a listed copper producer, reported a slight increase in its copper sales for December, with a total of 53,100 tonnes sold, marking a 1 percent year-on-year increase. This growth in sales was predominantly driven by KGHM International Ltd., while KGHM Polska Miedz S.A. and Sierra Gorda S.C.M. experienced lower sales. Despite the uptick in...
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Jiangxi Copper, China’s prominent copper cathode producer and supplier of various copper products, has selected Danieli Frohling’s technology and equipment for its plant expansion in Nanchang, Jiangxi, China. This partnership signifies a major advancement in the company’s production capabilities. The investment by Jiangxi Copper aims to boost its annual production capacity by approximately 15,000 tons...
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