The German aluminium industry is grappling with energy supply issues and global competitiveness, despite the European Parliament’s decision to include aluminium in the list of Strategic Raw Materials under the forthcoming Critical Raw Materials Act. According to a survey conducted among industry members, more than half of the participating companies still find themselves in a...
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Adriatic Metals announced plans to initiate production at its Vares silver project in central Bosnia this November. This development marks the first new mine in Europe in over ten years. The project involves revitalizing a former silver mine that had remained dormant during the civil strife of the early 1990s. CEO Paul Cronin highlighted the...
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Fraudsters have stolen approximately €185 million ($198 million) worth of copper from Aurubis, Europe’s largest copper producer. The theft is suspected to involve possible insider assistance, as inflated invoices for shipments of scrap metal were paid based on manipulated samples showing higher copper content than was actually delivered. These losses have prompted Aurubis to revise...
READ MOREChina’s primary aluminium production experienced a significant surge in August, reaching an all-time monthly high. Data released by the National Bureau of Statistics (NBS) on Friday revealed that China’s output increased by 3.1% year-on-year, reaching an impressive 3.6 million metric tons. This surge can largely be attributed to increased production in the southwestern province of...
READ MORECheck out a recap of the most important mining news from the past week: WPIC Raises Global Platinum Deficit Forecast to Record 1 Million Ounces in 2023 The deficit in the global platinum market will most likely top 1 million ounces this year due to strong demand growth from carmakers and other industries amid flat...
READ MOREZinc prices on the Multi Commodity Exchange of India mirrored London Metal Exchange gains, driven by a significant drop in inventory at LME-approved warehouses and robust economic data from China. Zinc inventory at LME-registered warehouses recorded a 4,825 ton outflow today, marking a 14.5% reduction, or 20,800 tons, in the past week. Portuguese mining firm...
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The International Energy Agency (IEA) reports that electrolyser production capacity hit nearly 11 gigawatts in the past year. Projections indicate global electrolysis capacity could hit nearly 3 GW by end-2023, a four-fold increase from 2022. Platinum-based PEM electrolysis constitutes around a third of this growth. Looking ahead, if all current projects materialize, global electrolysis capacity...
READ MOREHindalco Industries, the world’s largest aluminum rolling and recycling company, hits a 52-week high at Rs 508.80, up 5% on the BSE due to a significant increase in trading volumes. The Aditya Birla Group company’s stock has surged 7% in the last two trading days after announcing a partnership with Italy’s Metra SpA for high-speed...
READ MORERussian metals producer Nornickel said this week it was installing a video analytics system to monitor turbidity of water after ore processing at the Copper Smelter in Norilsk. Previously, water turbidity was monitored manually every four hours. From now on, real-time control will help employees respond faster to incidents, the company said. “There is nothing...
READ MOREGV Gold plans to achieve the technical launch of the “Svetlovskiy” Mining Plant and produce its first gold by 2025. The facility will process up to 3.5 million tons of ore per year and produce up to 3.1 tons of gold once the factory reaches its designed capacity. This was discussed during a meeting in...
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Researchers from Hong Kong Polytechnic University (PolyU), in collaboration with RMIT University and the University of Sydney, have harnessed the power of 3D printing to overcome long-standing quality and waste management challenges in the industrial production of titanium alloys. Their groundbreaking study, titled “Strong and ductile titanium-oxygen-iron alloys by additive manufacturing,” has recently been published...
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Researchers, led by Prof. Wu Jianfei from the Qingdao Institute of Bioenergy and Bioprocess Technology (QIBEBT) of the Chinese Academy of Sciences, have achieved a significant milestone in defect engineering and enhancing the performance of all-solid-state lithium-sulfur batteries (ASSLSBs). They have devised a method involving porous-carbon nanotubes (P-CNTs) as a sulfur-bearing matrix to create composite...
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Metallurgy has evolved from a highly conservative industry to one of the most innovative and high-tech in the world. Here’s an overview of how Russian companies’ R&D efforts are structured and what they’re working on. A pivot to innovation Metallurgy and mining have historically been considered conservative industries. The first decade of the 21st century...
READ MOREIn a recent announcement, Sweden’s Climate Minister, Romina Pourmokhtari, has unveiled plans to reconsider the country’s ban on uranium mining, paving the way for increased nuclear energy capacity. Pourmokhtari stated that the Swedish Parliament has garnered majority support for lifting the longstanding ban. The government has outlined ambitions to construct a minimum of ten large-scale...
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SKC Co. has announced a strategic partnership with Japan’s Toyota Tsusho Corp. to establish a joint venture that will produce and supply battery-grade copper foil in North America, targeting the rapidly growing electric vehicle (EV) market. Under the memorandum of understanding, SK Nexilis Co., SKC’s subsidiary specializing in copper foil production, will join forces with...
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Mexican copper projects are set to play a significant role in meeting global demand for copper over the next decade, according to a report from the mining chamber Camimex. The report suggests that five copper projects in Mexico have the potential to contribute 324,000 metric tons per year to global demand through 2030, driven by...
READ MOREResearchers from the Universities of Birmingham and St Andrews, along with Diamond Light Source, have made a groundbreaking discovery of a novel copper protein binding site that has potential applications in MRI contrast agents. This discovery challenges the conventional belief that copper is unsuitable for use in MRI and could pave the way for new...
READ MORERosatom, the Atomic Energy Corporation, and YLB (Lithium Deposits of Bolivia) Bolivian State Company have entered into a framework agreement on the construction of a lithium carbonate mining and production complex in the Potosí Department of Bolivia. This collaboration between Russia and Bolivia aims to tap into the growing demand for lithium, a critical element...
READ MORENASA intends to commence mining operations on the Moon within the next decade, aiming to tap into its vast untapped resources, including oxygen, water, iron, and rare earth elements. The space agency estimates that the Moon holds “hundreds of billions of dollars” worth of valuable resources. The initial focus of the mining endeavor will be...
READ MOREIndonesia is preparing to put an end to the export of copper concentrates as soon as the smelters being constructed by Freeport Indonesia and Amman Mineral Internasional are completed next year. President Joko Widodo announced on Tuesday that once these major companies finish building their smelters, raw copper will no longer be exported but instead...
READ MORERussia’s top gold and silver miner Polymetal is in negotiations with British authorities to keep its London listing in the form of global depositary receipts (GDR) after it moves to Kazakhstan, Reuters has reported. The transition to Kazakhstan would allow the company to spin off its Kazakh business, which accounts for about 38% of revenue...
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Photo courtesy of Norilsk Nickel Press Service Norilsk Nickel, the world’s largest producer of nickel and palladium, has extended contracts with the majority of its customers for 2023. This news comes straight from the company’s Chief Financial Officer, Sergey Malyshev, who shared the details with journalists. “We are not giving our clients the runaround,” said...
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Indonesia, the world’s largest reserve of nickel, has signed over a dozen deals worth over $15 billion with major battery and electric vehicle manufacturers including Hyundai, LG Group, and Foxconn to produce EVs and batteries within the country. The Indonesian government, led by President Joko Widodo, is now targeting Tesla, the world’s most valuable automaker,...
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Andrada Mining Ltd., the former Afritin, has upgraded its mineral resource estimate (MRE) at the Uis Mine in Namibia by 30%. This upgrade was a result of drilling done last year, which increased the measured and indicated lithium resources by 47% to 38 million tonnes. The average grade of lithium also rose to 0.73% Li20...
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