President Hakainde Hichilema has announced that Anglo American Corporation is re-entering Zambia’s mining sector, marking the company’s return after nearly two decades away. This move is expected to bolster Zambia’s ambitious target of tripling copper production to 3 million tonnes annually by 2031. Achieving this target is a key component of the government’s broader strategy...
READ MOREThe Adani Group plans to invest $5 billion to enter India’s metals industry, two years after its foray into the country’s cement sector, according to a report from the Mint newspaper. This move will position the conglomerate as a challenger to established players such as Vedanta Ltd., Hindalco Industries Ltd., and the Tata Group. The...
READ MOREThe Monel market is experiencing significant downward pressure at the start of Q4 2024, driven primarily by declining nickel prices and challenges within the manufacturing sector of major economies. Monel, a nickel-copper alloy known for its exceptional corrosion resistance and strength in marine and chemical processing applications, is being impacted by changing market dynamics shaped...
READ MOREChinese copper smelters are under mounting pressure to scale back their rapid expansion, which is impacting profitability across the global industry. China, the world’s largest consumer of copper, is on course to produce about half of the world’s refined copper this year after an aggressive wave of smelter construction aimed at securing essential supplies for...
READ MOREThe federal government of Nigeria oversaw the signing of an agreement between BFI Group and China National Chemical Engineering Corporation (CNCEC) for the restarting of the Aluminum Smelter Company of Nigeria (ALSCON) in Ikot Abasi, Akwa Ibom State. This event follows a series of discussions held between Minister of State for Petroleum Resources (Gas), Ekperikpe...
READ MORERussia has proposed resource cooperation in the management of subsurface resources to African countries, Russian Natural Resources Minister Alexander Kozlov announced at the Russia-Africa Partnership Forum in Sochi. The proposal aims to strengthen collaboration in mineral exploration, leveraging Russia’s expertise and extensive mineral reserves to assist African nations in tapping into their own resources. Minister...
READ MOREEmirates Global Aluminium (EGA), the world’s largest producer of premium aluminium, has extended its CelestiAL-R supply agreement with the BMW Group for the coming years. CelestiAL-R is notable for being the world’s first aluminium blend made using solar power and recycled metal, aligning with the growing industry demand for sustainable materials. The BMW Group utilizes...
READ MOREYoung Poong, the world’s sixth-largest zinc smelter, has been ordered to suspend operations at its Seokpo refinery facility for two months due to the unauthorized discharge of polluted wastewater. The shutdown is expected to impact the company’s ongoing attempt to secure ownership control of Korea Zinc, its affiliate and the world’s largest zinc producer. Earlier...
READ MOREIran has reported a slight decline in aluminum output during the seven months to late October. According to figures released by the state-run metals and mining company IMIDRO, aluminum ingot production from the country’s four major smelters reached 352,423 metric tons (mt) by October 21, down from 367,091 mt during the same period last year....
READ MORESwiss copper alloy producer Ampco Metal has acquired the Schmelzmetall Group, a move aimed at enhancing its position within the industry and expanding its product offerings to the aerospace, defense, and other advanced technology sectors. According to a press release from Ampco Metal, the integration of Schmelzmetall’s sales department is expected to be finalized by...
READ MOREAldebaran Resources has announced an agreement with Nuton Holdings Ltd., a Rio Tinto venture, allowing Nuton to acquire a 20% indirect interest in Aldebaran’s Altar copper project in Argentina. The staged option-to-joint-venture agreement could see Nuton invest up to $250 million in exchange for this stake, with payments scheduled over several phases. The financing agreement...
READ MOREVulcan Energy has commenced production of lithium hydroxide at its Central Lithium Electrolysis Optimisation Plant in Frankfurt, Germany. The first lithium hydroxide has been successfully produced from high-purity lithium chloride, which is extracted from brines at Vulcan’s direct lithium extraction optimisation plant. This milestone marks the first sustainable production of lithium hydroxide fully domestically produced...
READ MOREOn Thursday, November 7, the French government is set to announce the development of a significant industrial project at the port of Le Havre (Seine-Maritime) as part of the “France 2030 turnkey sites” initiative. This project, dedicated to lithium production, is expected to attract private investments totaling 1.2 billion euros. The initiative will involve the...
READ MOREChina’s Zinc Smelter Purchasing Team (CZSPT) has set the domestic processing fees for zinc concentrate at between 2,000 yuan ($281.57) and 2,500 yuan per metric ton for the first quarter of 2025, according to media reports. The new fees reflect the industry’s ongoing difficulties, including tight ore supplies and declining smelting margins. For imported zinc...
READ MORERio Tinto has urged the incoming U.S. administration, under president-elect Donald Trump, to prioritize speeding up the permitting process for critical mining projects. Speaking at the Financial Times commodity summit in Singapore, Rio Tinto’s Chief Commercial Officer Bold Baatar emphasized the importance of ensuring sufficient copper supply for the energy transition, specifically highlighting the stalled...
READ MORENovelis, based in Atlanta, has released its financial results for Q2 FY2025. The company reported a net income of \$128 million, down 18% year-over-year. Excluding special items, net income was \$179 million, a 1% drop from the prior year. Adjusted EBITDA was \$462 million, down 5%, but up 1% excluding the \$25 million impact from...
READ MORESwiss resource giant Glencore reported a 4% year-on-year decline in copper production to 705,200 tons for the period from January to September 2024. The decrease was primarily attributed to the sale of its Cobar mine in Australia in June. Zinc production also fell by 4%, reaching 643,600 tons, mainly due to reduced output at the...
READ MORETeck Resources plans to unveil its growth strategy focused on expanding copper production at its 2024 Strategy Day on November 5, 2024. The company aims to increase copper output to 800,000 tonnes per year by the end of the decade, detailing its investment approach to achieve this growth while generating value for shareholders and stakeholders....
READ MORENickel Industries is strengthening its position as a major global nickel resource holder through strategic acquisitions in Indonesia. In August 2024, the company acquired the Sampala project and a 51% stake in the Siduarsi project, amid a severe nickel ore shortage in Indonesia. This shortage has driven a 45% increase in local nickel prices since...
READ MOREIvanhoe Mines announced that its Kamoa-Kakula copper complex in the Democratic Republic of Congo achieved record monthly production of 41,800 tonnes of copper concentrate in October, along with a combined milling record of 1.2 million tonnes for the month. Copper concentrate production for the year reached 345,042 tonnes as of October 31, representing 79% of...
READ MOREHudbay Minerals is advancing its Copper World project in Arizona, positioning itself as a key U.S. supplier of critical minerals for renewable energy. The $1.3 billion project comprises seven deposits and is expected to produce 85,000 tonnes of copper annually over a 20-year mine life. A feasibility study is scheduled for completion next year, with...
READ MOREChinese mining giant CMOC Group, also known as China Molybdenum, recently reached its annual cobalt production target three months ahead of schedule. While this achievement may appear promising, the cobalt market is currently facing record-low prices, the lowest in eight years, amid economic uncertainty. CMOC reported producing 84,722 tons of cobalt from its largely African...
READ MORERio Tinto Group has completed the acquisition of Sumitomo Chemical Company’s (SCC) 20.64% stake in the New Zealand Aluminium Smelters (NZAS) consortium, finalizing the deal on November 1, 2024. With this transaction, NZAS, which operates the Tiwai Point aluminium smelter in New Zealand, is now wholly owned by Rio Tinto. In addition to acquiring SCC’s...
READ MORESouth Africa-based mining multinational Impala Platinum Holdings (Implats) reported a 5.5% year-on-year decrease in output, producing 947,000 ounces of platinum group metals (PGMs) in the quarter ending September 2024. Managed production volumes dropped by 6% to 751,000 ounces, while joint venture production rose by 3% to 145,000 ounces, according to the company’s first-quarter production report....
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