Rapid Development and Production Goals DMCI Mining Corp., a subsidiary of DMCI Holdings Inc., announced that its new nickel mine in Zambales is on track to be fully operational by the first quarter of 2024. DMCI Mining Corp. President Tulsi Das Reyes expressed confidence in achieving this timeline, signaling a significant expansion in the company’s...
READ MOREReduced Operation Rates and Market Challenges South Korea’s leading copper foil producers, SK Nexilis Co. and Lotte Energy Materials Corp., have reported reduced operation rates in their factories due to intense price competition and a slowdown in electric vehicle (EV) demand. SK Nexilis, a subsidiary of SKC Ltd., saw its factory operation rate drop to...
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Easing of Refined Copper Shortage The global refined copper market saw a slight easing in shortages as of September, with the oversupply diminishing significantly from August’s 99,000 tons to approximately 17,000 tons. This data, provided by the International Copper Study Group, indicates a near balance in the supply and demand for refined copper. However, the...
READ MOREAmbitious EV Adoption Goals Governments in Canada, the US, and other nations are aggressively pushing for a transition to electric vehicles (EVs). Canada aims for 35% of all new medium- and heavy-duty vehicle sales to be electric by 2030, reaching 100% by 2040. Similarly, the US targets 50% of new passenger cars and light trucks...
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Expansion Project Progress Vale, Brazil’s mining giant, has successfully increased the production capacity of its Salobo mine to 32 million tonnes per annum. This development is part of the first phase of the Salobo III expansion project, which began in 2019 with a budget of $1.1 billion. The project aims to further boost the mine’s...
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Inauguration of New Industrial Unit Citic Dicastal, a Chinese aluminum casting and automotive part production leader, inaugurated its third facility, “Dika Morocco Castings,” in Kénitra, Morocco. This event marks Citic Dicastal’s five-year presence in Morocco and aligns with the tenth anniversary of China’s “Belt and Road” initiative and 65 years of China-Morocco diplomatic relations. Project...
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Background and Strategy Toyota has started a recycling initiative for batteries from older hybrid vehicles, including the Toyota Prius. This program, developed in partnership with Redwood Materials, focuses on repurposing components such as cathode active materials and anode copper foil for use in new batteries at Toyota’s facility in North Carolina. Ecological and Strategic Implications...
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Financial Summary Aurubis, a significant player in the multi-metal industry, announced its preliminary earnings for the fiscal year 2022/23, with operating earnings before taxes (EBT) reaching €349 million. This figure is at the higher end of their projected range of €310 million to €350 million. However, the operating return on capital employed (ROCE) decreased to...
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Community Consultation for Weardale Lithium Project Residents in County Durham will have the opportunity to voice their opinions on the proposed lithium extraction pilot plant by Weardale Lithium. The public consultation event is a precursor to the company’s planning permission application. The initiative focuses on using direct lithium extraction (DLE) technologies to derive lithium from...
READ MORETerrace Project Exploration Update Decade Resources has made notable advancements in exploring several properties in British Columbia’s Golden Triangle. In the Terrace Project, particularly in the Nobody Knows Zone, the company discovered significant copper sulphide mineralization. This project, covering 17,470 hectares, includes the Nobody Knows, Dardanelle, and Treasure Mountain properties. Drilling activities revealed copper sulphides...
READ MOREProject Overview Emirates Global Aluminium (EGA) has commenced the construction of the United Arab Emirates’ largest aluminium recycling plant. The facility, designed to have an annual capacity of 170 thousand tonnes, will be located adjacent to EGA’s Al Taweelah smelter. The plant aims to recycle both post-consumer aluminium scrap, such as used window frames, and...
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Major Acquisition in Copper Mining MMG Ltd has announced the acquisition of Cuprous Capital, the company overseeing the Khoemacau copper mine in Botswana, for $1.88 billion. Located in the Kalahari Copperbelt, an extensive copper-rich region spanning from Botswana to Namibia, Khoemacau is currently the only active copper mine in this area. Strategic Move Amid Rising...
READ MOREAnalyst Chris Brown from Morgans anticipates a substantial increase in production at Catalyst Metals’ Plutonic gold mine in Australia. Over the next two years, the company is expected to double its annual output, surpassing 150,000 ounces. This surge in production is likely to lower cash costs per ounce and elevate Catalyst Metals to the mid-tier...
READ MOREAnglo Asian Mining reported a significant reduction in gold and silver production in Azerbaijan for the period from January to September 2023. The company’s gold equivalent output fell by 33.4% year-on-year, with gold production decreasing by 41.3% to 18,771 ounces and silver production dropping by 65.2% to 50,272 ounces. However, copper production saw an 11.6%...
READ MOREBackground of the Dispute The ongoing dispute between Chinese-owned Nkwe Platinum and its empowerment partner Genorah Resources over control of extensive mineral deposits in northeast South Africa remains unresolved. These deposits, estimated at 23 million ounces of platinum, palladium, rhodium, and gold, are located near Anglo American Platinum and African Rainbow Minerals’ Modikwa mine in...
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Order Details and Technology Specifications Metso Outotec Oyj has secured an order from Freeport-McMoRan for a comprehensive tankhouse material handling solution, valued at over EUR 10 million. The order, part of the Minerals segment’s Q4 2023 bookings, is for the El Paso electrorefinery in Texas, USA. The technology package includes advanced Outotec Anode Preparation and...
READ MOREFinancial Overview and Ownership Aughinish Alumina, part of the Rusal group, experienced a substantial loss of €153 million in the last year, an improvement compared to the €378 million loss in 2021. Rusal, a major Russian aluminium producer with ties to oligarch Oleg Deripaska, owns the Limerick-based operation. Operational Challenges and Future Prospects Facing significant...
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New Plant for Lithium Salt Production Duksan Electera, a Korean manufacturer specializing in secondary battery electrolytes, has entered into an exclusive agreement with Singapore-based Visionary Energy. This partnership focuses on producing lithium salt, a crucial component in electric vehicle battery production, in Morocco. Visionary Energy plans to establish a lithium salt factory in Morocco by...
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Placement Details and Funding Allocation True North Copper Limited (ASX: TNC) announced the successful acquisition of approximately $15 million through a two-tranche placement. This includes about $10.7 million in cash and roughly $4.3 million in converted debt. The placement, attracting substantial interest from global institutional investors, signals confidence in the company’s strategic direction. The funds...
READ MOREAdvancements in Lithium-Sulfur Batteries Zeta Energy has made significant progress in developing its innovative lithium-sulfur batteries, aiming for a remarkable energy density of 450 Wh/kg and over one thousand charge-discharge cycles by 2025. This breakthrough technology utilizes a unique combination of a sulfurized carbon cathode and a lithiated vertically-aligned carbon nanotube anode, eschewing traditional critical...
READ MOREIncreasing Production and Consumption The 2023 Global Copper Industry Report presents a detailed analysis of the market, highlighting significant growth in both mined and refined copper production. Mined copper production is expected to reach 24.48 megatons, growing at a 4.5% CAGR, while refined production is projected to hit 28.04 megatons with a 4.0% CAGR. Concurrently,...
READ MOREQuarterly Production and Financial Highlights Shanghai Putailai New Energy Technology Co., during their recent online meeting, provided insights into their third-quarter performance in 2023. The company, a key player in the battery material industry, focused on artificial graphite anode materials. It was noted that despite the absence of an industry standard to classify artificial graphite...
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Comprehensive Funding for Lithium Project Kodal Minerals has secured a substantial investment for its Bougouni Lithium Project in Mali. The total funding of US$117.75 million, provided by Hainan Mining Co. Limited and Xinmao Investment Co. Limited, is set to cover the full development and initial production at the Bougouni site. This project, covering 97 km²,...
READ MOREExploring Sustainable Aluminum Solutions in EV Sector Norsk Hydro, a key player in the aluminum industry, has entered into a partnership with the UK-based electric vehicle start-up Watt Electric Vehicle Company (WEVC). The collaboration, as reported by Reuters, will focus on the utilization of recycled and low-carbon aluminum in the construction of electric vans. WEVC’s...
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