Aluminum Corporation of China (Chinalco), a state-owned enterprise, is reportedly exploring a $2 billion investment in Indophil Resources Phils., according to Bloomberg News. This potential stake would grant Chinalco access to the Tampakan copper-gold site, which could become the Philippines’ largest mine of its kind. Indophil Resources Phils. owns Sagittarius Mines, the developer behind the...
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Santacruz reported solid financial and operational results for the second quarter of 2024, driven by strong metal prices and robust production. The company processed 500,755 tonnes of material in Q2, bringing the total for the first half of 2024 to 971,504 tonnes. This resulted in the production of 4,819,552 silver equivalent ounces for the quarter...
READ MORECalgary-based E3 Lithium has received $5 million in new funding from the Alberta government, a boost that the company says will help advance its multibillion-dollar lithium extraction project. The funding, drawn from Alberta’s Technology Innovation and Emissions Reduction (TIER) fund, supports E3’s ongoing efforts to extract lithium from old oilfields, a process that could be...
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Researchers at ITMO University have uncovered a significant advancement in neuromorphic computing by demonstrating that hybrid crystals can simulate the behavior of brain neurons when exposed to laser light. The study utilized crystals composed of copper and trimesic acid—materials noted for being environmentally safe and cost-effective to produce. When subjected to laser pulses at specific...
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Vedanta Aluminium has appointed Luca Zipponi as the CEO of its Rolled Products division. Zipponi, who brings over 30 years of experience in operations and strategy, will be responsible for driving growth and managing all operations related to the product group. These products have applications in various sectors, including automotive, insulation, power projects, electrical, and...
READ MOREThe High Anti-Corruption Court of Ukraine has seized 100% of the corporate rights of Mykolaiv Alumina Plant (MGZ), previously controlled by Russian oligarch Oleg Deripaska, along with more than 150 buildings and 200 vehicles associated with the enterprise. The State Property Fund is now registering the property, setting the stage for a large-scale privatization process....
READ MOREIn a major initiative to rejuvenate Zambia’s mining sector, President Hakainde Hichilema has launched the country’s first high-resolution aerial geophysical mapping survey since 1972. Conducted by Xcalibur, the survey will take place over the next 18 to 24 months and aims to provide accurate and up-to-date data on Zambia’s mineral resources. This project marks a...
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Pilbara Minerals Limited and Latin Resources have entered into a binding Scheme Implementation Agreement (SIA), under which Pilbara Minerals will acquire 100% of Latin Resources’ shares through a Court-approved scheme of arrangement under the Corporations Act 2001. This acquisition positions Pilbara Minerals to significantly enhance its lithium production capabilities. Highlights of the Acquisition: – Strategic...
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Emirates Global Aluminum (EGA), a leading aluminum producer in the United Arab Emirates, has announced the world’s first shipment of bauxite using a liquefied natural gas (LNG)-fired Capesize bulk carrier. The bauxite, mined by an EGA subsidiary in Guinea, West Africa, is being transported on a vessel operated by Anglo American and chartered by EGA...
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Prices for most nonferrous metals saw an uptick on Thursday, supported by the potential for a U.S. interest rate cut, though high inventories and disappointing economic data from China curbed the extent of gains. Three-month copper on the London Metal Exchange (LME) inched up 0.2% to $8,985 per metric ton by 0530 GMT, while the...
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South32, a $13 billion mining giant spun out of BHP in 2015, is drawing increased attention from dealmakers, with growing expectations that the company may soon embark on a major corporate transformation. Despite being relatively inactive in mergers and acquisitions since its inception, pressure is mounting on South32 to pursue growth and improve performance. The...
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Aluminium Bahrain (Alba), one of the world’s largest aluminium smelters, has posted a significant profit increase for the second quarter of 2024, reporting BD68.5 million (US$182.2 million), up 129.2% compared to BD29.9 million (US$79.5 million) in the same period in 2023. The company also reported Basic and Diluted Earnings per Share of fils 48 for...
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China’s copper cathode rod output increased significantly in July, reaching 851,000 metric tonnes, according to data released by the Shanghai Metals Market (SMM) on Wednesday. This marks an increase of 47,900 metric tonnes from June, with the industry operating rate rising to 65.1%, up 2.6 percentage points month-over-month and 1.3 percentage points year-over-year. The rise...
READ MORECopper prices fell on Tuesday, halting three consecutive sessions of gains due to increasing inventories and tepid demand from China, the largest consumer of metals. The decline was moderated by news of an impending strike at BHP’s Escondida copper mine in Chile, after union negotiations failed. As of 1000 GMT, three-month copper on the London...
READ MOREResearchers from Tula have made a significant breakthrough in catalysis by developing a new environmentally friendly catalyst using palladium, a precious metal more commonly associated with jewelry. This advancement has the potential to revolutionize chemical reactions by enhancing efficiency while minimizing environmental impact. The team of eight scientists started working on the project in 2022...
READ MORESims, a prominent metal recycling company valued at $2 billion, has sold its UK operations to Unimetals Group for approximately £195 million ($377 million). The announcement was made after the market closed in Australia on Monday. Under the terms of the deal, Unimetals will acquire 28 facilities, including three port facilities and four shredders. The...
READ MORELi-S Energy, an Australian battery technology company, has inaugurated its new 2MWh lithium sulfur and lithium metal battery production facility in Geelong, Victoria. The facility, Australia’s largest pouch cell production line, will also manufacture lithium foils and laminates, following a government grant to support its development. The official launch was attended by Dr. Lee Finniear,...
READ MOREThe share of Russian-origin aluminum stocks in London Metal Exchange (LME) warehouses increased significantly in July, reaching 65%, up from 50% in June, according to data released on Monday. In contrast, Indian-origin aluminum stocks decreased, dropping to 33% from 40%. Overall, on-warrant aluminum stocks from all origins in LME-registered warehouses saw a decline of 23%...
READ MOREBase metal prices saw an uptick, with copper increasing by 1.4% to reach $8,995 per ton and aluminum rising by 1.2% to $2,323 per ton. Copper prices have bounced back after hitting a five-month low last week, which was attributed to rising inventories in London Metal Exchange warehouses and increased exports from China amid sluggish...
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SES AI Corporation, a leading developer and manufacturer of high-performance lithium-metal batteries, has announced the successful conversion and acceptance testing of its Urban Air Mobility (UAM) lithium-metal cell production facility in Chungju, South Korea. This development represents a significant step forward in the company’s efforts to commercialize its lithium-metal battery technology. The facility is now...
READ MOREChina Nonferrous Metal Industry’s Foreign Engineering and Construction (NFC) has announced that its local unit has secured a contract worth $429 million to expand a copper ore processing project in Indonesia. The agreement involves engineering, procurement, and construction services and was signed with Amman Mineral Nusa Tenggara. The project is set to span 16 and...
READ MORESouth Korean company IM is making significant strides in the anode materials market for secondary batteries by moving towards the commercialization of composite copper foil. The company has equipped its facilities in the Mado General Industrial Complex in Hwaseong and the Ansan Industrial Complex in Ansan, targeting mass production by the end of the year....
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Scientists from the Institute of Physics at Kazan Federal University, in collaboration with colleagues from the Moscow Institute of Physics and Technology (MIPT), have successfully grown thin films of a palladium-iron alloy with a controlled distribution of magnetic impurities using molecular beam epitaxy, as reported by the Russian Ministry of Education and Science. The research...
READ MOREUS Strategic Metals (USSM), previously known as Missouri Cobalt, has announced that it received a non-binding Letter of Interest from the Export-Import Bank of the United States (EXIM Bank) for a potential $400 million debt financing package. This funding is aimed at supporting the development of their flagship Madison cobalt mining project in Missouri. The...
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