Aurubis, a leading supplier of non-ferrous metals, has successfully commissioned a state-of-the-art automated system at its Lunen plant, setting new standards in the recycling industry. The company invested a mid-single-digit-million-euro amount in this innovative system, which automates the sample preparation of feed materials such as e-scrap using cutting-edge robotics. The new system significantly enhances efficiency...
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Deputy Governor of the Kaluga Region, Vladimir Popov, announced the successful completion and operation of a new high-tech workshop, built and equipped in less than a year. The relevant agreement for this project was signed during the St. Petersburg International Economic Forum (SPIEF) in 2023. The total investment in the project exceeded 500 million rubles....
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Russian energy and metallurgical holding En+ has announced significant changes in its top management. Mikhail Khardikov has completed his term as CEO of En+, according to a company announcement. The Board of Directors has approved Vladimir Kolmogorov, previously the director of Eurosibenergo, as the new CEO of En+. Kolmogorov has extensive experience, having served as...
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The London Metal Exchange (LME) has approved the listing of the first Indonesian brand eligible for delivery against the exchange’s primary nickel contract, bolstering the selling power of the world’s largest nickel producer. This milestone marks Indonesia’s emergence as a significant player in high-purity nickel production, which is traded on the LME, the world’s largest...
READ MOREA study by researchers at the University of Michigan and Cornell University has found that the current rate of copper mining cannot meet the demands set by U.S. policy guidelines for transitioning the country’s electricity and vehicle infrastructure to renewable energy. The paper, published by the International Energy Forum, analyzed 120 years of global data...
READ MOREIn a significant move towards renewable energy, Vedanta’s aluminium business will no longer expand its coal-fired capacity, according to CEO John Slaven. Vedanta Aluminium, the largest aluminium producer in India, aims to increase its renewable energy usage to 30% by 2030, up from nearly 5% currently. The company presently operates 4.8 gigawatts of coal-based power...
READ MOREDespite efforts by Western countries to reduce reliance on China for critical minerals essential for defense and green technologies, Chinese companies are becoming increasingly dominant. Their expansion and increased supply are causing global prices to drop, making it difficult for challengers to compete. “China is not just standing still waiting for us to catch up,”...
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Local businessman Lennox Cush is moving forward with plans to develop the controversial Liliendaal, East Coast Demerara land in Belgium, which was previously sold to Russian oligarch Oleg Deripaska’s company Rusal for $150 million. This sale had led to charges against Finance Minister Dr. Ashni Singh and former National Industrial and Commercial Investments Limited (NICIL)...
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Rio Tinto has declared force majeure on third-party contracts for alumina exports from its refineries in Queensland, Australia, due to reduced gas capacity at its operations. This announcement follows an incident on the Queensland pipeline in early March, which significantly affected gas supplies from Rio’s Gladstone facility. A company spokesman stated that the impact of...
READ MOREGold surged to a new record high on Monday as investors sought the safety of bullion following the sudden death of Iranian President Ebrahim Raisi over the weekend. Spot gold rose to USD2,435.76 an ounce around 1150 BST on Monday, up from USD2,385.57 on Friday. The yellow metal briefly touched USD2,450 an ounce before retreating...
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Seibu Giken has announced its decision to acquire a 5% stake in Kumyoung, a South Korean company based in Yuseong-gu, Daejeon. The acquisition aims to strengthen the partnership between the two companies and expand Seibu Giken’s reach in the global lithium-ion battery market. Seibu Giken, known for its equipment essential to lithium-ion battery production for...
READ MOREGodolphin Resources has announced the commencement of a third phase of metallurgical test work on samples from its 100% owned Narraburra Rare Earth Elements (REE) Project. The process development testing, designed collaboratively by ANSTO and Ausenco Services Pty Ltd, includes the production of a Mixed Rare Earth Carbonate (MREC) product. This phase aims to support...
READ MOREIndonesia’s coal demand may increase in the coming years under the new administration led by incoming president Prabowo Subianto, whose focus is on economic growth and nickel processing. This shift comes despite the country’s commitment to reduce fossil fuel dependency with a $20 billion plan under the Just Energy Transition Partnership (JETP) mechanism. Investors are...
READ MOREThe International Energy Agency (IEA) has expressed concerns about potential “tensions” in global supplies of critical minerals and metals essential for the energy transition. The IEA emphasizes the need for increased mining investment to meet the goal of limiting global warming to 1.5 degrees Celsius by the end of the century. Despite recent price drops...
READ MOREVizsla Copper has appointed Craig Parry, the current Executive Chairman, as Chief Executive Officer. Parry brings a proven track record of creating shareholder value, notably from his role as CEO of IsoEnergy. Chris Donaldson will step down as CEO but will remain a director. The Poplar Project, Vizsla Copper’s newly acquired asset, is home to...
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US Copper has announced encouraging results from a 15-hole shallow drill program conducted last fall on its Moonlight deposit, part of the Moonlight-Superior Copper Project in North-East California. The drill program revealed that 14 out of 15 holes contained acid soluble copper, including one intercept with 205 feet of 0.644% recoverable copper. These results confirm...
READ MORETroilus Gold has released the results of a Feasibility Study for its Troilus Project in northcentral Quebec, Canada. The study supports a long-life, large-scale, 50,000 tonnes per day (tpd) open-pit mining operation, marking a significant development in the Quebec and Canadian mining landscapes. The Feasibility Study outlines an open pit mine with a 22-year life,...
READ MORECenterra Gold reported Q1 revenue of $305.8 million, a significant increase from $226.5 million in the same period last year. The company’s consolidated gold production for the quarter was 111,341 ounces, with 48,317 ounces from the Mount Milligan Mine and 63,024 ounces from the Oksut Mine. Copper production totaled 14.3 million pounds. CEO Paul Tomory...
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Karora Resources announced its financial and operating results for the first quarter of 2024, highlighting record revenue and strong cash flow. The company reported quarterly revenue of $115.5 million, a 19% increase from the same period in 2023, driven by higher gold sales and favorable gold prices. Operating cash flow for the quarter was $42.6...
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In April, nickel prices experienced a significant rise of over 9%, driven by the resonance of non-ferrous metal prices and strong fundamental support. This trend is expected to continue in the short term as supply and demand dynamics shift. The Federal Reserve’s fluctuating interest rate cut expectations, coupled with concerns about a potential recession and...
READ MORERusal’s smelters reported a 2% year-on-year decrease in aluminium exports for the January-April 2024 period, totaling 888,000 tonnes, according to data from Russian Railways reviewed by Interfax. This follows a dynamic shift in export levels earlier in the year: exports were 5.5% higher in the first three months compared to the same period last year,...
READ MOREChina’s Ministry of Industry and Information Technology has released a draft guideline aimed at reshaping the lithium-ion battery sector. The new regulations are designed to curb the expansion of mere production capacity and instead push companies towards technological innovation, enhanced quality, and reduced production costs. Under the new guideline, companies will be required to allocate...
READ MOREThe World Platinum Investment Council (WPIC) has released its latest Platinum Quarterly report for Q1 2024, forecasting another year of market deficit and sustained demand for platinum, particularly from the automotive sector. This report underscores significant trends in supply and demand dynamics across various sectors impacting the platinum market. Total platinum supply in Q1 2024...
READ MOREExpansion of US Magnesium in the Lithium Market New Lithium Extraction Facility US startup International Battery Metals has formed a collaboration with US Magnesium to construct and operate a plant dedicated to the direct extraction of lithium from waste byproducts produced during the purification of magnesium salts into pure magnesium. The plant will be built...
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