BHP has announced plans to invest over $12 billion to expand its copper operations in Chile, focusing on the Escondida and Spence mines in the Antofagasta region. The investment aims to counter an expected production decline between 2027 and 2030. At the same time, the company faces worker protests over alleged labor abuses. Alexis Barrera,...
READ MOREEchion Technologies and CBMM have officially launched the world’s largest production facility dedicated to Echion’s XNO active anode material. Located in Araxá, Brazil, this new facility aims to revolutionize the lithium-ion battery industry by enabling ultra-fast charging and improved performance. The strategic partnership between Echion and CBMM played a key role in bringing the facility...
READ MORENickel miner Prony Resources New Caledonia is gearing up to restart production after a six-month suspension caused by civil unrest in the French territory. The company, which operates the Goro mine and a plant producing battery-grade nickel, has brought its staff back to the facilities as it prepares for a resumption of activities, according to...
READ MORECopper prices edged higher on Tuesday as the U.S. dollar rally paused, although concerns over demand from China and potential U.S. tariffs continued to weigh on the market. Three-month copper on the London Metal Exchange (LME) rose 0.5% to $9,114.50 per metric ton by 0320 GMT, while the most-traded December copper contract on the Shanghai...
READ MORENorthvolt, a Swedish company specializing in energy storage solutions for electric vehicles, has announced the sale of its California plant to Lyten, a U.S. start-up focused on lithium-sulfur battery technologies. The decision is part of Northvolt’s strategy to concentrate its resources on the European market and bolster its industrial ambitions in the region. As part...
READ MOREThe Aluminum Monthly Metals Index (MMI) posted a modest 1.38% increase from October to November, as aluminum prices moved sideways throughout October. Although aluminum prices only rose by 0.99% during the month, they managed to outperform other base metals, such as copper, nickel, zinc, and tin, which saw more significant declines. However, prices began slipping...
READ MOREAluminium and renewable energy company Hydro has launched a new initiative to decarbonize its aluminium plants in Germany by starting local, onsite solar energy production and implementing energy efficiency measures. The first solar photovoltaic (PV) systems in Offenburg have been completed and are now in interim operation. In addition to Offenburg, Hydro’s facilities in Rackwitz...
READ MOREDrugstore magnate Dirk Rossmann has once again expanded his stake in Aurubis, a leading copper manufacturer. His investment firm, Rossmann Beteiligungs GmbH, now controls around 20.7% of Aurubis, up from approximately 17%, according to a mandatory disclosure on Monday. This ongoing increase in ownership has fueled market speculation about a potential takeover. Rossmann, founder of...
READ MOREBase metals prices largely traded higher on Monday, buoyed by dip-buying from physical consumers. However, gains were limited by a strong dollar and sluggish demand from China, which capped any significant upward movement. Three-month copper on the London Metal Exchange (LME) inched up by 0.1% to $9,013.50 per metric ton by 0629 GMT. Aluminium rose...
READ MOREPlans to transform aluminium production in the UK received a significant boost with a £3.4 million grant awarded to EMR by the Advanced Propulsion Centre (APC). The grant will support a collaborative research project aimed at creating a world-leading metals processing facility, focusing on producing aluminium extrusion billet with reduced carbon content. The proposed facility...
READ MOREOn Thursday, Critical Metals provided an update on the Wolfsberg Lithium Project, located in Austria. Tony Sage, CEO and Executive Chairman of Critical Metals Corp, highlighted significant progress not only with the Wolfsberg Project but also with the company’s rare earth asset in Greenland. Sage emphasized the ongoing development plans for the Wolfsberg Project and...
READ MOREOmani authorities are advancing plans to establish an Integrated Economic Cluster for Aluminium Industries in the Wilayat of Suhar, a region already at the heart of substantial aluminium-related investments. The Oman Vision 2040 Implementation Follow-Up Unit is spearheading this initiative, collaborating with various government ministries and agencies to move the project forward. The planned cluster...
READ MOREBoliden is currently in advanced negotiations to acquire Lundin Mining’s Zinkgruvan mine in Sweden and Neves-Corvo mine in Portugal, according to information obtained by Bloomberg News. The acquisition would allow Boliden to strengthen its position as one of the largest zinc producers in Europe. These two mines represent some of Lundin Mining’s oldest assets, which...
READ MOREA new lithium battery recycling plant in southern Israel aims to solve the environmental problem posed by electric vehicle batteries packed with toxic materials. The facility, known as Batte-Re, is Israel’s first electric vehicle battery recycling operation and has been established in Rotem Industrial Park near Dimona. Founded two years ago by four entrepreneurs, Batte-Re...
READ MOREChina’s aluminium production in October 2024 rose year-on-year as a positive demand outlook and higher aluminium prices offset rising raw material costs. Official data from the National Bureau of Statistics showed that China, the world’s largest aluminium producer, produced 3.72 million metric tons of primary aluminium last month, marking a 1.6% increase from October last...
READ MOREDeep sea mining is anticipated to have a significant negative impact on terrestrial mining, potentially risking over $560 billion in annual export earnings, according to a new report from financial think tank Planet Tracker. The study, titled “Race to the Bottom,” argues that the financial benefits of seafloor mining are negligible and calls on governments...
READ MOREAnalysts at Citi Research have revised their short-term copper price forecast downward by 10%, from $9,500 per tonne to $8,500 per tonne. The downgrade is attributed to ongoing trade tensions between the U.S. and China, as well as weaker-than-expected economic growth in China, which are likely to dampen global demand for copper. According to Citi’s...
READ MOREChina Nonferrous Mining Corporation (CNMC) has committed to investing over $1.5 billion in Zambia to boost copper production, as part of a broader effort to support the country in reaching its goal of 3 million tonnes of copper output annually by 2031. Projects under this investment include the redevelopment of Shaft 28 in Luanshya and...
READ MOREChina’s copper cathode production in October 2024 amounted to 995,500 tonnes, according to the Shanghai Metals Market (SMM). This figure marks a 0.9% decline from September but a slight increase of 0.2% compared to October 2023. Overall, Chinese companies produced 9.96 million tonnes of copper in the first ten months of the year, reflecting a...
READ MORELiqTech International, a high-tech filtration technology company, announced today that it has received an order from a leading technology company for lithium brine production in the United States. This order marks a significant step in the company’s efforts to expand its specialized filtration products into the lithium extraction market. The growth of electric vehicles (EVs)...
READ MOREThe Deposit and Management Fund (CDG) and Gotion High-Tech group have signed a memorandum of understanding (MoU) to support the electric battery gigafactory currently under development in Kenitra, Morocco. The MoU was signed on Wednesday in Hefei, China, by CDG’s CEO Khalid Safir and Gotion High-Tech’s Chairman Li Zhen. According to a press release from...
READ MOREAccording to Bloomberg, Nornickel is moving forward with its plans to relocate copper smelting operations from Norilsk to China, focusing on the construction of a metallurgical plant in Fangchenggang, a port city on the coast of the South China Sea. A major hub for cargo transshipment to China, Vietnam, and other countries, Fangchenggang’s turnover rose...
READ MOREAustralia’s largest aluminium extruder, Capral, has successfully completed a trial using recycled-content billets supplied by Rio Tinto at Boyne Smelters Limited (BSL), marking a significant stride towards sustainable manufacturing. The trial involved remelting 50 to 100 tonnes of post-production aluminium scrap sourced from Capral’s Bremer Park extrusion plant in Southeast Queensland, resulting in billets containing...
READ MORENickel processing company PT Vale Indonesia Tbk (INCO) has officially signed a cooperation agreement with Chinese firm GEM, for the development of a net-zero nickel processing facility in Central Sulawesi. The signing took place in Beijing this week and was witnessed by Indonesian President Prabowo Subianto during his visit to China. The $1.4 billion project...
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