Constellium Begins Using Hydrogen for Aluminium Casting French metallurgical company Constellium has launched a project to produce aluminium semi-finished products using hydrogen as a fuel. The company’s research and development center has successfully cast its first aluminium plate using hydrogen. Given the odorless and highly flammable nature of hydrogen, the research center installed an additional...
READ MOREStocks of Russian aluminium, copper, and nickel are on the rise in the warehouses of the London Metal Exchange (LME), having increased one and a half times over the past year. This trend is part of a broader global phenomenon, with worldwide stocks of these metals doubling over the year, which analysts attribute to declining...
READ MOREVulcan Energy, an Australian start-up, has taken a major step towards lithium production for electric vehicle batteries in Germany. The company commissioned a demonstration plant on November 8 at the Frankfurt-Höchst industrial park, marking a significant milestone in its efforts to produce lithium hydroxide locally for European industry. The lithium hydroxide, a key component required...
READ MOREThe Saudi Export-Import Bank (Saudi EXIM) has signed a $300 million credit facility agreement with Glencore to support Saudi Arabia’s expanding mineral exports. The deal is part of efforts to boost Saudi non-oil exports by enabling the marketing of Saudi mineral products in over 156 global markets. The signing took place in Geneva, Switzerland, during...
READ MOREJiaxin New Materials Company has successfully conducted a trial production of its new 7-series high-end aluminium alloy round ingot product. This development marks a major milestone for the China-based company as it expands its product line with a high-strength aluminium alloy designed for demanding applications. The newly developed alloy primarily uses zinc as its main...
READ MOREAlbemarle announced plans to reduce its global workforce by 6% to 7% as part of a cost-cutting effort in response to a slump in lithium prices and weakening demand. The world’s largest lithium producer revealed that around 15% of its non-manufacturing employees would be affected, according to an earnings report released on Wednesday. In addition...
READ MOREAlba, the world’s largest single-site aluminium smelter, has appointed Artem Tatarunis as the new manager for Alba Sales Europe, effective immediately. Tatarunis brings over 15 years of sales and marketing experience in the aluminium industry. He was most recently the head of sales for billet and wire rod in the EMEA region at Rusal, where...
READ MOREA report from experts at the University of Extremadura estimates that the Extremadura New Energies lithium extraction and processing project will contribute an additional 113.9 million euros annually to the regional economy. The project is expected to create over 1,500 jobs, encompassing direct, indirect, and induced employment opportunities in Cáceres and its surrounding province throughout...
READ MOREThe United States imported Russian aluminium in September 2024 for the first time in over a year, according to US customs data analyzed by RIA Novosti. During this month, US companies purchased 798 tonnes of unprocessed aluminium from Russia for $1.9 million, marking the first such delivery since August 2023. The largest metal import from...
READ MOREAres Strategic Mining has shipped its new flotation plant, featuring state-of-the-art flotation technology. This facility will be the only one of its kind in North America, designed specifically to produce acidspar, a high-purity form of fluorspar (calcium fluoride) crucial for several industrial applications, including aluminum production, chemical manufacturing, lithium-ion batteries, electronics, and specialized glass and...
READ MORERussia Relies Heavily on Alumina Imports from China In the first nine months of 2024, Russia increased alumina imports from China by 43% to 1.2 million tonnes, with imports expanding 1.6 times to 123,100 tonnes in September. In monetary terms, alumina imports from January to September grew 1.7 times to $582.6 million, doubling to nearly...
READ MOREThe price of alumina, a crucial raw material for aluminium production, has reached a record high of $707.59 per tonne. This surge is attributed to ongoing supply and production issues in major exporting countries like Guinea, Australia, and China, as reported by ZeroHedge. In Guinea, a leading supplier of bauxite, challenges in foreign trade and...
READ MOREDuring the Asian market session, spot gold experienced a sudden and sharp decline, briefly falling to $2,724.64 per ounce, hitting an intraday low. According to FXStreet analyst Christian Borjon Valencia, technical analysis of gold indicates potential signs of weakness. Gold prices closed nearly unchanged on Monday, with investors awaiting the outcome of the U.S. election...
READ MOREAluminium Bahrain (Alba) made two key announcements on November 3 at the Gateway Gulf 2024 investment forum in Manama, hosted by the Bahrain Economic Development Board. Alba and Japan’s Daiki Aluminium Industry Company will form a joint venture called Alba-Daiki Sustainable Solutions (ADSS) to set up an aluminium dross processing facility in Bahrain. Alba will...
READ MOREToronto-based Torex Gold Resources announced that it expects to begin producing the first copper concentrate from its Media Luna project in Mexico in Q1 2025, with commercial production to follow shortly afterward. The US$950 million project, located in Guerrero state, is currently 87% complete, according to CEO Jody Kuzenko. Kuzenko noted that engineering work for...
READ MOREThe U.S. Department of Energy (DOE) has finalized a $2.26 billion loan to support a lithium processing facility at Thacker Pass, Nevada. The loan, provided to Lithium Americas’ subsidiary, Lithium Nevada, is part of the Biden-Harris Administration’s Investing in America initiative. The facility, next to the largest confirmed lithium resource in North America, will produce...
READ MOREAluminium Ingot prices saw significant increases in late October, with notable price hikes reported in Germany and the United States. These increases have been driven by supply chain disruptions, rising raw material costs, and growing operational expenses. In Germany, Aluminium Ingot prices rose by over 2% after Emirates Global Aluminium (EGA) announced a suspension of...
READ MOREFife Aluminium and Metal Company, a specialist in architectural aluminium and metal products, has more than doubled its production space by relocating to Glenrothes. Founded in 2016 by Dale Robertson, the company has moved from its original location in Lochgelly to two new units within Queensway Business Park, significantly expanding its capabilities. The move comes...
READ MOREThe Société générale des carrières et des mines (Gécamines) in the Democratic Republic of Congo (DRC) recently exported germanium concentrate to Belgium, marking the first time this precious metal has left the DRC in this form. The shipment is destined for Umicore’s Hoboken plant in Antwerp, a development reported by several Congolese media outlets. This...
READ MORELi-Cycle Holdings has strengthened its partnership with global commodities giant Glencore by finalizing a commercial agreement for the off-take of mixed hydroxide precipitate (MHP) produced at the Rochester Hub. This strategic deal ensures that Glencore will take 100% of the MHP output from the Rochester facility, which includes valuable metals like nickel and cobalt. The...
READ MOREEuropean Energy Metals Corp. has officially changed its name to Grit Metals Corp. following a resolution approved by the board of directors on October 18, 2024. The name change took effect on October 30, 2024, and the company’s common shares will commence trading under the new name at the market opening on November 4, 2024,...
READ MORERusal Trading House expects to begin test trading of aluminum on the St. Petersburg International Mercantile Exchange (SPIMEX) by the end of this year, according to General Director Igor Ignashov. Speaking on October 31, Ignashov emphasized that the sale of aluminum on SPIMEX will serve as an important experiment for the market, offering insights into...
READ MORECopper, the third most used metal globally, is crucial for the energy transition, particularly in electrification and renewable energy applications. Recent developments, including China’s stimulus measures, have led to significant volatility in copper prices, adding uncertainty to the metal’s future. China’s economic actions have been a major driver of this volatility. Copper futures are actively...
READ MORESWA Lithium, the joint venture between Standard Lithium and Equinor, has entered a license agreement with Koch Technology Solutions (KTS) for the use of its Li-Pro™ Lithium Selective Sorption (Li-Pro LSS) technology at the South West Arkansas (SWA) Project. This technology will be deployed at the commercial plant for the first phase of the SWA...
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