GEP Ecotech, a provider of metal recycling solutions, has supplied an advanced aluminum recycling production line to the largest aluminum company in North America. The new system is designed to process baled scrap aluminum by breaking it down, shredding it, and removing contaminants to prepare the material for smelting. The recycling production line includes various...
READ MOREUS Gold Corp. (Nasdaq: USAU) has cleared a major hurdle in the development of its CK gold project by securing approval from the Wyoming Department of Environmental Quality (WDEQ) for its air quality permit. This permit represents the final condition required under the mine operating permit issued earlier this year. The other two conditions—the project’s...
READ MOREAsahi Kasei Battery Separator Corporation has taken a significant step in supporting the North American electric vehicle (EV) market by beginning construction on a new lithium-ion battery separator manufacturing facility in Port Colborne, Ontario, Canada. The facility is expected to begin commercial production in 2027, subject to obtaining all necessary permits and approvals. It will...
READ MOREAluminum prices are anticipated to stay elevated throughout 2024 as a tightening market balance emerges, with global demand growth outpacing supply, according to BMI, a unit of Fitch Solutions Group. In a report released this week, BMI forecasts that aluminum demand will increase by 3.2% year-on-year in 2024, reaching 70.35 million tonnes, while supply growth...
READ MOREEQ Resources (EQR) has executed a binding heads of agreement (HoA) to acquire 100% of Tungsten Metals Group Limited (TMG) and its subsidiaries, along with George Chen’s interest in Asia Tungsten Products Co Ltd (ATC). The agreement will result in EQR obtaining full ownership of TMG Group, marking a significant step toward diversification and vertical...
READ MOREThe Adani Group, one of India’s leading conglomerates, has announced plans to expand its footprint in the metals industry with a $5 billion investment over the next five years. The investment will fund aluminium and steel production ventures, as well as an expansion of copper production facilities in India. The Group’s move into metals production...
READ MOREIn October, China produced 178,800 tonnes of nickel sulfate, equivalent to 39,300 tonnes of nickel content, reflecting a 2.71% month-on-month (MoM) decline, according to a survey by Mysteel. The production was derived from various sources, including mixed hydroxide precipitate (MHP), high-grade nickel matte, and secondary nickel. The nickel sulfate production is expected to decline further...
READ MOREAnglo-Australian mining giant Rio Tinto has approved the construction of a new 25-megawatt (MW) solar plant at its Kennecott copper operation in Utah, increasing the mine’s total solar capacity to 30MW. The new solar facility will be located next to Kennecott’s existing 5MW solar plant, completed in 2023. Together, the two solar plants are expected...
READ MOREAccording to data from Shanghai Metals Market (SMM), China’s aluminium production in October 2024 reached 3.7025 million tonnes, a 1.7% increase compared to the same month last year. In September, the year-on-year increase was estimated at 1.5%. For the ten-month period of 2024, Chinese aluminium producers exceeded last year’s output by 4.0%, with a total...
READ MOREExports of copper concentrate from Russia to China surged by 36% year-on-year in the first nine months of 2024, reaching 310,000 tonnes, according to data from China’s General Customs Administration. In September alone, shipments rose one and a half times to 35,000 tonnes. While concentrate exports increased, Russian exports of finished copper products like wire,...
READ MOREIndustry sources indicate that the incoming Trump US administration is planning to adopt a stricter approach toward allowing Chinese-owned or operated raw materials, such as nickel, to qualify for credits under the Inflation Reduction Act (IRA). Washington insiders told Fastmarkets that one of the new administration’s early actions will likely be to tighten the Foreign...
READ MORENorthvolt AB, the financially struggling European battery manufacturer, has reached an agreement to sell its US factory to Lyten, a California-based startup focused on lithium-sulfur batteries. This move is part of Lyten’s broader effort to reduce America’s reliance on China for battery production. Under the terms of the deal, Lyten will invest $50 million over...
READ MORESecuring nickel that complies with the Inflation Reduction Act (IRA) requirements is expected to become even more challenging. The US president-elect, Donald Trump, is likely to adopt a zero-tolerance approach to allowing Chinese-owned or operated supplies of raw materials like nickel to qualify for IRA credits. Washington sources told Fastmarkets that one of the first...
READ MOREMineral Resources has announced the immediate closure of its Bald Hill lithium mine in Western Australia due to a prolonged and significant decline in lithium prices. The decision comes as the latest in a series of production cutbacks among global lithium producers, driven by an oversupply and reduced demand for the critical battery material. The...
READ MORETroilus Gold has secured a preliminary agreement for a US$500-million loan guarantee from Germany’s Euler Hermes Aktiengesellschaft to support its copper and gold project in Quebec. The guarantee, issued on behalf of Germany’s Ministry for Economic Affairs and Climate Action, is contingent upon Troilus signing an offtake agreement with German copper smelter Aurubis. The offtake...
READ MORENigeria has signed a $1.2 billion contract with the Chinese state-owned engineering firm China National Chemical Engineering Corporation (CNCEC) to overhaul a gas processing plant that is crucial for the country’s aluminium production, according to the Petroleum Ministry. The agreement marks the initial move towards reviving the long-dormant Aluminum Smelter Company of Nigeria (ALSCON), which...
READ MOREBritish scientists have announced that they have successfully extracted a metal vital for car battery production—lithium—from wastewater, which they claim marks a significant achievement for the UK in sourcing critical minerals locally. Researchers at UK-based Watercycle Technologies say they have produced more than 100 kg of battery-grade lithium carbonate from brine and wastewater, making it...
READ MOREGold prices experienced a significant drop on Monday, November 11, falling by more than 2% as the U.S. dollar strengthened in the wake of Donald Trump’s election as U.S. President. The precious metal’s value declined by $64.75, or 2.41%, closing at $2,619.23 per ounce, with prices reaching as low as $2,610.61 during the trading session....
READ MOREIn October, China’s cobalt sulfate production totaled 19,527 tonnes, representing a decline of 1.04% month-on-month (MoM) and 10.13% year-on-year (YoY). The cumulative production from January to October reached 228,121 tonnes, with a decrease of 7.28% YoY. The market faced sluggish downstream demand, and end-side users showed limited interest in building up stocks. Additionally, cobalt sulfate...
READ MOREJiangxi Copper Company Limited, a prominent copper producer, has forecasted that its sales from processed nonferrous metals will reach \$47.06 billion over the next five years. Founded in 1997 and headquartered in Nanchang, China, the company is involved in the exploration, mining, milling, smelting, and refining of copper and related products across Mainland China, Hong...
READ MOREDonald Trump’s return to the White House after defeating Kamala Harris has generated waves of speculation across various economic sectors, including significant interest from the aluminium industry. Now serving as the 47th President of the United States, Trump’s history of implementing protectionist policies is making industry experts wary of potential shifts under his new administration....
READ MOREMinerals Development Oman (MDO), through its subsidiary Mazoon Mining Company, has officially broken ground on the Mazoon Copper Project, the largest integrated copper concentrate production venture in Oman. The project, located in the Wilayat of Yanqul in Dhahirah Governorate, aims to establish Oman as a strategic hub for high-quality copper concentrate production, meeting growing global...
READ MOREChina’s cobalt powder production increased by 3.97% month-on-month in October, reaching 773.5 tonnes, while also rising 7.28% compared to the same period last year. From January to October, total production reached 7,978 tonnes, marking a year-on-year growth of 12.29%. In October, overall demand for cobalt powder was moderate, and the market saw the presence of...
READ MOREPlatinum and palladium are platinum group metals (PGM), a classification which also includes iridium, osmium, rhodium and ruthenium. Both metals are highly valued for their rarity, durability and wide-ranging applications, which makes them particularly important in the automotive industry, jewellery making and clean energy. Today, the importance of these metals to global markets is growing,...
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