Nornickel’s Nadezhda Smelter is set to commission the second line of its Sulfur Program earlier than anticipated, with the launch now expected on October 1, said Nikolay Utkin, Nornickel’s Senior Vice President and Head of Norilsk Division. This program, one of the world’s most complex and large-scale environmental projects, began in April 2022 and involves...
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Canadian-German start-up Rock Tech is set to construct a lithium hydroxide factory in Guben, Germany, near the Polish border. The company expects to secure financing for the €800 million project soon, with production anticipated to begin between late 2026 and early 2027. Despite the slow pace of electromobility adoption in Europe, particularly in Germany, Rock...
READ MOREA global aluminium producer has proposed raising the premium for October-December primary metal shipments to Japan to $185 per metric ton, reflecting an 8% increase from the previous quarter’s premium of $172 per ton. This offer, made on Tuesday, highlights the tightening supply of aluminium in Asia as some shipments are being redirected to Europe...
READ MOREBHP has announced plans to more than double its copper production in South Australia over the next decade, with a final investment decision on a significant smelter upgrade at Olympic Dam expected within the next two and a half years. The global mining giant also revealed a substantial increase in copper and gold resources at...
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On Tuesday, spot gold prices experienced a sharp rise during the U.S. trading session, climbing from around $2,503 per ounce to briefly touch $2,526 per ounce. By the close, gold settled at $2,524.54 per ounce, marking a 0.26% increase for the day. FXStreet analyst Christian Borjon Valencia highlighted the impact of a weakening U.S. dollar...
READ MORESamsung SDI and General Motors have solidified their partnership to bolster the electric vehicle (EV) market by finalizing an agreement to establish a joint battery manufacturing facility in the United States. The deal was formalized during a signing ceremony at Samsung SDI’s Seoul office on Tuesday, with key representatives from both companies in attendance. This...
READ MOREAustralian mining giant BHP has reaffirmed its commitment to expanding its copper production independently, following the collapse of its bid to acquire Anglo American earlier this year. Despite expressing disappointment over the failed takeover attempt, BHP has made it clear that it will not overpay for acquisitions. In May, BHP withdrew from its pursuit of...
READ MOREChinese mining giant Zijin Mining Group Co. has expressed concerns about revising its strategy for acquiring assets abroad through mergers and acquisitions, citing a slowing global economy, rising geopolitical tensions, and increasing project costs. This cautionary stance was highlighted in a recent press release from the company. China’s pivotal role in global mining supply chains,...
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CMOC, a global leader in rare metals mining and marketing, announced remarkable financial results for the first half of 2024, achieving a net profit attributable to the parent company of $762 million USD. This represents an extraordinary increase of 670.43% compared to the same period last year, driven by robust production growth, stringent cost management,...
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Falco Resources has announced the formation of Technical and Strategic Committees, a move aligned with the Operating Licence and Indemnity Agreement (OLIA) signed with Glencore Canada earlier this year. These committees are intended to ensure the safe and coordinated development, construction, operation, and eventual closure of Falco’s Horne 5 Project, particularly in relation to Glencore’s...
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According to data from Shanghai Metals Market (SMM), China’s refined zinc production in July 2024 fell to 489,600 tons, marking a 10.3% decrease from the previous month and an 11.2% drop compared to July 2023. For the first seven months of 2024, total refined zinc output in China decreased by 2.8% year-on-year to 3.671 million...
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The Guangyuan Economic Development Zone’s management council has finalized an investment agreement with Deyang Tianhe Machinery Manufacturing for a new production facility focused on aluminium alloy auto parts. This new project aims to produce lightweight car components with an annual capacity of 30,000 tonnes and represents an investment of RMB 1 billion. Once fully operational,...
READ MOREAustria-based aluminium supplier Hammerer Aluminium Industries (HAI) has officially inaugurated its new P61 extrusion press line and logistics centre at its Ranshofen headquarters. The event, which attracted figures from both local government and business sectors, marked the successful conclusion of a significant €125 million investment initiative that HAI began in 2022. The new P61 press...
READ MORELotte Energy Materials, a leading South Korean manufacturer of battery materials, has announced the development of a nickel-plated copper foil specifically designed for solid-state batteries, a significant innovation in the electric vehicle (EV) industry. The newly developed nickel-plated copper foil is a next-generation electrolytic copper foil, coated with nickel on both sides, which enhances surface...
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BHP, the largest mining group in Australia, has released its financial results for the fiscal year 2024, covering the period from July 2023 to June 2024. The company reported a global sales figure of $55.7 billion, representing a 3% increase from the previous year’s $53.8 billion. However, attributable profits saw a significant decline, falling 39%...
READ MOREAmerican Battery Technology Company (ABAT), a critical battery materials firm focused on the commercialization of primary battery minerals manufacturing and lithium-ion battery recycling technologies, has announced the appointment of Steven Wu as its new Chief Operating Officer (COO). Wu joins ABTC with a robust background in scaling innovative technologies into large-scale manufacturing operations, a critical...
READ MOREFoxconn Singapore, a subsidiary of the Taiwanese electronics giant Foxconn, has announced a significant investment in its Indian operations, acquiring 1.203 billion ordinary shares of Foxconn Hon Hai Technology India Mega Development. This move, valued at approximately $144 million, is seen as a strategic effort to bolster the capital of Foxconn’s India unit. The investment...
READ MOREBikita Minerals, a Zimbabwean lithium producer owned by Sinomine, plans to invest nearly $500 million in constructing a lithium sulphate plant at its mine in Bikita. This development aligns with Zimbabwe’s broader strategy to move from exporting raw materials to producing value-added products, particularly in the lucrative market for battery-grade lithium. The company’s shift towards...
READ MOREEmirates Global Aluminium (EGA) has announced plans to acquire an 80% stake in American aluminium recycling firm Spectro Alloys Corporation, marking a significant move in EGA’s global expansion into aluminium recycling. The acquisition, pending regulatory approval, will strengthen EGA’s presence in the United States, one of its largest global markets. Spectro Alloys, established in 1973...
READ MOREVolt Lithium has announced the successful installation and function-testing of its first direct lithium extraction (DLE) Field Unit in the Permian Basin, Texas. The new unit significantly enhances the company’s production capacity, scaling up to process over 200,000 liters (1,250 barrels) of oilfield brine per day, more than doubling its previous capability of 96,000 liters...
READ MOREGanfeng Lithium Expands into Turkey Strategic Partnership with Yigit Aku Chinese lithium producer Ganfeng Lithium has embarked on a significant expansion into Turkey by forming a long-term strategic partnership with Turkish battery manufacturer Yigit Aku. This collaboration marks a crucial step in Ganfeng Lithium’s global growth strategy, particularly in the rapidly expanding battery market. Joint...
READ MOREChina’s refined nickel production in July 2024 saw significant growth, reaching 28.9 thousand tons, an 8.2% increase from June and a 33.9% rise compared to July 2023, according to the Shanghai Metals Market (SMM). Over the first seven months of 2024, Chinese companies produced a total of 180.7 thousand tons of refined nickel, marking a...
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Zinc prices surged to their highest levels in five weeks on Friday, driven by concerns over supply disruptions after leading smelters in China, the world’s top producer, agreed to reduce production due to low ore availability and weak profits. On the London Metal Exchange (LME), three-month zinc rose by 1.6% to $2,904 per metric ton...
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Hindalco Industries announced a $10 billion investment to fund its ongoing and upcoming expansion projects in India and the United States. Chairman Kumar Mangalam Birla shared these plans during the company’s 65th annual general meeting, emphasizing the scope of these developments, which include several major initiatives. In India, the investments will support the expansion of...
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