The impending closure of BHP’s nickel operations in Western Australia is set to create significant impacts across the sector, with some experts predicting it could signal the decline of the Australian nickel industry. BHP announced on Thursday that it would suspend operations at the Kwinana nickel refinery in Perth, the Kalgoorlie smelter, and its major...
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Norilsk Nickel (Nornickel), Russia’s top metals miner, is progressing with the development of the Kolmozerskoye lithium deposit in the Murmansk region amid curtailed exports to the country hit by Western sanctions. The project, the largest of its kind in Russia, is being conducted through a joint venture with state nuclear corporation Rosatom called Polar Lithium....
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Spot gold prices experienced significant fluctuations, soaring to nearly $2,387 per ounce before retreating sharply, briefly dipping below the $2,370 mark. The precious metal eventually closed at $2,371.04 per ounce on Wednesday, marking a 0.32% increase for the day. Earlier in the day, gold prices hit an intraday high of $2,386.70 per ounce ahead of...
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Palladium, a vital metal for modern industries, has seen a significant price drop from its all-time high. In March 2022, spot palladium peaked near CAD $3400 per ounce but currently trades at $1343 per ounce (Kitco). Despite this decline, palladium demand remains strong, driven by stringent environmental standards and emerging technologies. This article explores the...
READ MOREThe Serbian Constitutional Court has overturned the government’s decision to revoke the licenses for Rio Tinto Group’s $2.55 billion Jadar lithium project, Reuters reported on July 11. The court ruled that the 2022 decision by the Serbian government was unconstitutional, stating that the government had “overstepped the limits of its competence.” Rio Tinto expressed approval...
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Spot silver prices jumped by more than 2% due to weak U.S. Consumer Price Index (CPI) data, triggering a sell-off of the U.S. dollar. FXStreet analyst Christian Borjon Valencia has analyzed the technical trends of silver prices in a new article released on Friday. Valencia noted that silver prices exhibited a ‘double-bottom’ pattern. The weaker-than-expected...
READ MOREAurubis AG has successfully concluded the largest maintenance shutdown in its history at the Hamburg plant. The extensive project involved 500 maintenance and modernization tasks, including the installation of hydrogen-ready anode furnaces and the expansion of carbon-free industrial heat, with an investment of nearly €250 million. During this shutdown, significant upgrades were made to enhance...
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US domestic mine production of zinc reached 53,800 metric tons (t) in April 2024, according to the US Geological Survey (USGS). For the first four months of 2024, total zinc mine production amounted to 243,000 t, reflecting a 4% increase compared to the same period in 2023. Despite the overall increase, April’s average daily production...
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Guala Closures has announced the acquisition of the remaining 30% stake in Guala Closures DGS Poland (DGS), one of the world’s largest producers of aluminum closures for spirits, wine, and non-alcoholic beverages. This acquisition allows Guala Closures to fully integrate DGS, which produces approximately 4 billion aluminum closures annually. Founded in 1991 by a consortium...
READ MORECritical Metals Corporation, an Australian mining development company, has partnered with European Lithium-Obeikan Group to build and commission a large-scale lithium hydroxide processing plant in Saudi Arabia. This facility will process spodumene concentrate from the Wolfsberg Lithium Project in Austria. Critical Metals, a significant global player, focuses on producing strategic products essential for electrification and...
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International Battery Metals (IBAT) has achieved a significant milestone by becoming the first company to commercially produce lithium using a novel direct lithium extraction (DLE) technology. The company is producing lithium at a site in rural Utah, controlled by US Magnesium, at a rate of nearly 5,000 metric tons per year. The company’s portable DLE...
READ MORECore Lithium has announced the commencement of reverse circulation (RC) drilling at its 100% owned Shoobridge Project, located approximately 130 kilometers south of Darwin, Northern Territory. This marks one of the initial drilling programs under the company’s FY25 exploration agenda. Shoobridge, known for its historic pegmatite tin-tantalum surface workings, has not previously been tested for...
READ MOREBHP has announced a temporary suspension of its Nickel West operations and the West Musgrave project, collectively known as Western Australia Nickel, starting in October 2024. This decision comes in response to an oversupply in the global nickel market, with forward consensus prices projected to decline significantly due to the growth of alternative low-cost nickel...
READ MORECopper prices, which reached a record high of $11,105 per tonne in May, are expected to climb again in the third quarter of 2024. This anticipated rise is linked to potential US Federal Reserve rate cuts and the metal’s critical role in electric vehicles, wind power, and solar energy, analysts say. According to BMI, a...
READ MORELithiumBank Resources has officially opened its pilot plant in Calgary, a key step in unlocking Alberta’s significant lithium resources. This milestone is expected to contribute to the feasibility phase of LithiumBank’s development plans as the Company progresses toward commercial development. Paul Matysek, Executive Chairman of LithiumBank, emphasized the importance of this development, stating, “Licensing of...
READ MOREKey figures in Australia’s mining industry have recently highlighted the increasing potential for deeper collaboration with China, driven by both countries’ focus on high-quality development and industrial manufacturing. China’s commitment to developing new quality productivity and advancing energy transformation offers significant opportunities for Australia’s mining sector. Jacob Stausshelm, CEO of Rio Tinto Group, emphasized that...
READ MORENew copper projects are set to bring additional production to the market over the next decade, but supply growth is likely to lag behind demand due to the green-energy transition, according to BMI, a unit of Fitch Solutions. Projects in Congo and Chile are expected to boost copper production from an estimated 27.8 million metric...
READ MOREChina’s leading copper smelters have agreed on the lowest price guidance for third-quarter processing charges since at least 2015, according to sources familiar with the matter. Despite the significant drop from previous quarters, the newly set guidance prices are higher than current spot levels, as smelters anticipate a moderate easing of supply shortages in the...
READ MORENovelis, a U.S.-based company, has filed a patent application for a new system and method designed to monitor metal levels during the casting process. The patent application, filed on December 23, 2022, is identified by the application number 202217074874 A. The inventor, John Robert Buster Mccallum, has developed a monitoring system aimed at maintaining the...
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Wesdome Gold Mines Ltd. has announced its production results for the second quarter ending June 30, 2024 (Q2 2024). The company will release its Q2 2024 financial results after markets close on Wednesday, August 14, 2024, followed by a conference call and webcast the next morning. Q2 2024 Production Performance: – Ore milled (tonnes): –...
READ MOREFrench mining company Eramet has announced plans to increase its investment in Indonesia, exploring potential partnerships to produce battery-grade nickel in the country. This move follows the collapse of a similar project with German chemical giant BASF in late June. Eramet Indonesia Director Bruno Faour revealed that the company is actively seeking opportunities to invest...
READ MOREIn May 2024, the United States imported copper from the European Union valued at $154 million, marking the highest monthly shipments since December 2022, when imports reached $158 million, according to data from the U.S. Statistical Service analyzed by RIA Novosti. The volume of European copper shipments to the U.S. rose by 16% in May....
READ MOREFlacks Group has announced the acquisition of Artemyn, a business unit formerly owned by Euronext-listed Imerys SA. This acquisition marks Flacks Group’s formal entry into the mining sector, significantly enhancing its diversified portfolio. Artemyn, which employs 1,000 people across 24 plants in the Americas, Asia, and Europe, generates $400 million in revenue and $60 million...
READ MOREGold mining company Polyus is set to commence construction on two significant greenfield projects, Sukhoi Log in the Irkutsk region and Chulbatkan in the Khabarovsk region, Russia, in 2025. This announcement was made by Anton Rumyantsev, Vice President for Development and Special Projects at Polyus, during the company’s ESG-day. The Sukhoi Log project, based on...
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