Capstone Copper has announced the production of its first saleable copper concentrate at the Mantoverde Development Project (MVDP) in Chile. The mine is progressing through its commissioning phase and is expected to reach full production levels soon. Key commissioning milestones at MVDP include: John MacKenzie, Capstone’s Chief Executive Officer, remarked, “First saleable copper concentrate production...
READ MORE
Spot silver prices experienced a significant decline on Tuesday, dropping more than 2% and falling below the $29.00 per ounce mark. FXStreet analyst Christian Borjon Valencia provided a technical analysis of the silver price trend in his latest article. Valencia attributes the drop to hawkish comments from Federal Reserve Governor Michelle Bowman, which caused silver...
READ MORE
In Asian morning trading, spot gold prices continued their short-term decline, dipping below $2330 per ounce. According to FXStreet analyst Christian Borjon Valencia, the technical trend of gold suggests further potential drops. On Monday, gold prices rose due to a pullback in the U.S. dollar, with investors anticipating the release of U.S. Personal Consumption Expenditures...
READ MORE
Indian battery manufacturer Amara Raja Energy and Mobility announced on Monday that it has signed a licensing agreement with Gotion-InoBat-Batteries (GIB), a subsidiary of China-based Gotion High Tech. This agreement aims to facilitate the production of lithium-ion batteries in India. GIB EnergyX Slovakia, a joint venture between Gotion and Slovakia-based InoBat, will license Gotion’s lithium...
READ MOREHeraeus has announced the acquisition of McCol Metals, a Canadian company specializing in the recovery of iridium from spent mixed metal oxide electrodes. The acquisition aims to enhance Heraeus’ capabilities in precious metals recycling. McCol Metals, based in St. John’s, Newfoundland and Labrador, will now operate under Heraeus Precious Metals, the precious metals division of...
READ MORE
Cobre San Rafael has introduced the first sustainable copper production project in Galicia, set in Touro-O Pino (A Coruña). This initiative, compliant with all EU and national regulations and the stringent requirements of the Xunta, is poised to become a benchmark for sustainable mining in Europe and a significant milestone for the local industry. The...
READ MOREKGHM, a major player in the mining industry, released its preliminary production and sales results for May, showing a mixed performance across various metals. The production of payable silver stood at 119.1 tonnes, marking a 4% decrease from the same period last year, which translates to a reduction of 4.7 tonnes. Silver sales saw a...
READ MORERegis Resources has filed to join IGO in the legal action initiated by South32 over a $122 million royalty dispute stemming from the Tropicana gold mine proceeds. In February, South32 sued IGO in the Supreme Court of Western Australia, claiming it is owed royalties from the mine dating back to 2014. The Tropicana gold project,...
READ MORECopper prices on the London Metal Exchange fell today due to weak demand from China, highlighted by recent economic data. “While supply-side shortfalls support prices, risks from weak demand, particularly in China, loom large,” noted analysts at StoneX Intelligence. Despite the weak demand, concerns over supply could support copper prices. Production at Anglo-American’s Los Bronces...
READ MOREAn Australian mining executive has raised concerns over China’s influence on global rare earth prices, describing it as an “existential threat” to Western nations. Tom O’Leary, CEO of Iluka Resources, highlighted China’s control over the rare earths supply chain during a global mining conference in Japan. O’Leary argued that China’s dominance has led to market...
READ MORENorway’s Potential Entry into the Rare Earths Market Fen Deposit Development by Rare Earths Norway (REN) Norway could become a significant producer of rare earth metals through a project led by Rare Earths Norway (REN) to develop the large Fen deposit. Fen, an ancient volcano with magma rich in carbonates, contains substantial rare earth elements....
READ MORE
Hindustan Zinc Limited, an Indian zinc producer, has signed a memorandum of understanding with AEsir Technologies, a US-based company specializing in zinc battery technologies. This agreement makes Hindustan Zinc the preferred supplier of zinc for AEsir’s battery production. Zinc-based batteries, an emerging alternative in energy storage solutions, are known for delivering higher power at lower...
READ MOREThe global production of refined copper increased by 5.5% year-on-year to 9.16 million tons from January to April 2024, while consumption rose by 4.2% to 8.86 million tons during the same period, according to a report released by the International Copper Study Group on Thursday. This resulted in an increase in the surplus of the...
READ MORE
Pilbara Minerals, Australia’s largest independent lithium producer, announced plans on Friday to double its production capacity for lithium spodumene at the Pilgangoora operation in Western Australia. The A$1.2 billion ($799.2 million) investment aims to increase output to 1.9 million tonnes per year, pending a feasibility study’s results expected in late 2025. The expansion involves constructing...
READ MORESienna Resources has announced the acquisition of the Stonesthrow Gold Project in Saskatchewan, a 13,300-acre property with potential for gold. This new project directly borders Ramp Metals Inc, which recently reported significant gold and silver mineralization, including 73.55 grams per tonne of gold and 19.50 grams per tonne of silver. Sienna’s management cautions that past...
READ MOREGold prices showed significant volatility during the Asian market session on Thursday, with spot gold briefly touching an intraday high of $2,339.04 per ounce before falling back to around $2,332 per ounce, with the intraday gain shrinking to approximately $4. According to FXStreet analyst Christian Borjon Valencia, the daily chart of gold indicates the presence...
READ MORESlovakia has inked an investment deal worth €1.233 billion with the consortium of companies InoBat and Gotion Group for the construction of an electric vehicle battery production plant. Economy Minister Denisa Sakova announced the agreement at a news conference on Thursday. The new facility, operated by GIB EnergyX Slovakia in Surany, Nitra region, will receive...
READ MOREThe global platinum market is projected to expand by USD 1.75 billion from 2024 to 2028, growing at a compound annual growth rate (CAGR) of 4.36%, according to Technavio. The rising demand for platinum across various industries, particularly in the automotive sector, is a significant driver of this growth. Platinum is a critical metal primarily...
READ MORERio Tinto announced it will invest $165 million to upgrade its Grande-Baie aluminum smelter in Quebec. The project will involve the refurbishment of two anode baking furnaces, including rebuilding their concrete shells and refractory linings. The restoration is scheduled to be completed within two years. The company will also conduct feasibility studies for the potential...
READ MORE
Kingston Resources has begun open pit mining at the Pearse North site, with the initial blast occurring on June 11. The first batch of oxide ore has been delivered to the ROM pad, marking a significant milestone for the company. This development comes three weeks after completing the tailings retreatment project. The restart of hard...
READ MOREElemental Strategic Metals, part of the recycling group Elemental, has inaugurated a new plant in Zawiercie, Poland, dedicated to recovering strategic industrial and precious metals from Li-Ion batteries of electric vehicles and from automotive and industrial catalysts. The project, valued at PLN 600 million (EUR 138.6 million), marks a significant step in enhancing the recycling...
READ MORECopper prices held firm on Wednesday, bolstered by tight ore supplies and a weakening U.S. dollar, though gains were limited by concerns over demand in China, the top consumer of the metal. At 0458 GMT, three-month copper on the London Metal Exchange (LME) rose 0.5 percent to $9,720 per metric ton, while the most-traded July...
READ MOREBHP has announced a comprehensive growth strategy for its South Australian copper operations, aiming to increase output to 700,000 tonnes of copper equivalent production. This plan follows the mining giant’s recent $9.7 billion acquisition of OZ Minerals. Anna Wiley, President of Copper SA at BHP, addressed the Copper to the World conference in Adelaide, confirming...
READ MOREGold prices on COMEX fell slightly in early Asian trade, pressured by a firm dollar index, which makes commodities priced in the greenback more expensive for other currency holders. The narrow trading band reflects traders’ uncertainty about the timing of potential interest rate cuts by the US Federal Reserve. Retail sales in the US rose...
READ MORE
