Boston-based Pure Lithium Corporation, a vertically integrated lithium metal battery technology company, has announced the acquisition of Dimien, a private U.S. company specializing in vanadium cathode materials. The acquisition includes all of Dimien’s intellectual property, manufacturing equipment, and its experienced team. This move is expected to expedite the development of Pure Lithium’s lithium metal vanadium...
READ MOREBarrick Gold has initiated the expansion of its Lumwana copper mine in Zambia’s Kalumbila District, with an investment of USD 500 million earmarked for the project’s first phase. The expansion will focus on infrastructure upgrades, operational improvements, and the introduction of advanced mining technologies. The total cost of the project is expected to reach USD...
READ MOREThe European Union’s shift towards clean energy and digital technologies is driving a rapid increase in the demand for critical raw materials, with forecasts showing exponential growth in the coming years. As the EU moves away from fossil fuels, materials such as lithium, cobalt, and nickel — essential for batteries, renewable energy technologies, and the...
READ MOREXinjiang Technology officially launched its Phase II aluminium and titanium alloy production project on September 5. The project, located in Haimen District, builds on the company’s Phase I success in magnesium alloy production and represents a significant provincial industrial initiative in collaboration with China Aerospace Equipment. The total investment in the new titanium alloy project...
READ MOREGold prices have hit historic highs this year, driven by robust demand for the precious metal as investors seek safer assets amidst global economic uncertainty. The surge comes as geopolitical tensions, US Federal Reserve rate cuts, and increased gold purchases by central banks fuel demand. On September 25, spot gold prices reached a record $2,670...
READ MORESolus Advanced Materials, a South Korean company specializing in copper foil, has announced that its subsidiary, Volta Energy Solutions Canada, has finalized an agreement with Investissement Québec. The agreement secures financial incentives for the construction of the first copper foil plant in Canada, located in Quebec, to support the electric vehicle (EV) battery industry. The...
READ MORENickel and cobalt production at Madagascar’s Ambatovy mine has been interrupted after a pipeline transporting ore from the mine in the east of the country to its refinery was damaged, according to a statement from Sumitomo Corp, a major shareholder. The incident, which occurred on September 25, is under investigation, though no injuries have been...
READ MOREHindustan Zinc reported an increase in mined metal production for the July-September period, reaching 256,000 tonnes, a 2% rise compared to the same period last year. The company also announced an 8% increase in saleable metal production, totaling 262,000 tonnes for the quarter. Refined zinc production grew by 7% year-on-year, amounting to 198,000 tonnes in...
READ MORECapstone Copper Corp. announced that the Mantoverde Development Project (MVDP) has reached a significant milestone by achieving commercial production as of September 21, 2024. This milestone was met after the mill operated for 30 consecutive days at an average of 75% of its nameplate throughput capacity of 32,000 ore tonnes per day. Additionally, key metrics...
READ MORENornickel has signed a landmark agreement with RusHydro to purchase 10,000 carbon units, representing the largest transaction in Russia’s emerging carbon market to date, the miner said in a statement. The carbon units were generated as a result of converting Vladivostok Thermal Power Plant No. 2 from coal to natural gas. This transition significantly reduced...
READ MOREThe National Commission for Public Debate (CNDP) published its findings on Monday, September 30, regarding the proposed lithium mining project in Échassières, France, following five months of public debate. The project, known as EMILI, was announced in October 2022 by French mining company Imerys. It aims to develop France’s largest lithium deposit, with a planned...
READ MORERio Tinto is aiming to start copper extraction at the massive Resolution deposit in Arizona by the late 2020s, according to CEO Jacob Stausholm in a recent interview with Bloomberg TV. The Resolution deposit, one of the world’s largest untapped copper resources, is estimated to hold more than 1.2 billion tons of ore at depths...
READ MOREEmirates Global Aluminium (EGA), the world’s largest premium aluminium producer, has completed the acquisition of a majority stake in U.S.-based aluminium recycling company Spectro Alloys Corporation. The deal expands EGA’s operations across four continents, with production capabilities ranging from bauxite mining to aluminium recycling. The acquisition strengthens EGA’s presence in the United States, one of...
READ MOREThe London Metal Exchange has started accepting nickel deliveries from the Norilsk Nickel Harjavalta plant in Finland—of Russian mining giant Nornickel—ending the temporary halt that started in July 2024. This was not due to sanctions but also a delay in performing an audit to confirm the reliability of metal supplies coming into LME warehouses. Nornickel...
READ MOREGlobal alumina production held steady in August, reaching 12.51 million tons, according to the International Aluminium Institute. The output was virtually unchanged both from July’s figures and from the same period last year. Daily average global alumina production saw a slight increase, reaching 403,612 tons in August, compared to the revised figure of 403,581 tons...
READ MOREBHP, a leading global resources company, and Liebherr, a pioneer in mining equipment, have signed a new Global Framework Agreement (GFA) at MINExpo 2024 in Las Vegas. The agreement builds on over two decades of partnership, focusing on advancing mining technology and sustainability. The GFA seeks to enhance BHP’s mining operations by incorporating Liebherr’s innovations...
READ MORETechnology Minerals announced on Tuesday that it will no longer proceed with its planned merger with battery recycling business Recyclus Group. The decision stems from difficulties with the reverse takeover re-admission requirements of the London Stock Exchange, which have hindered the acquisition process. The company has decided to revisit the merger “when circumstances permit and...
READ MOREChina’s leading copper smelters have called for reductions in output as raw material shortages persist, sources familiar with the matter revealed on Tuesday. At a meeting of the China Smelters Purchase Team (CSPT) in Shanghai, participants urged cuts in production and extensions of maintenance periods, although no formal decision was reached. China, which accounts for...
READ MOREKGHM, the Polish mining group, reported a 43% decline in payable silver production in August, with output reaching 75.1 tonnes due to a maintenance shutdown at its precious metals plant. Silver sales also fell, amounting to 85.1 tonnes, down 34% year-on-year. Despite the drop in silver production, KGHM’s copper operations performed strongly. Payable copper production...
READ MOREArtificial Intelligence to Exacerbate Copper Shortages Developments in the artificial intelligence sector are expected to aggravate the looming shortage of copper, a metal crucial for the global transition to cleaner energy sources, according to Vandita Pant, CFO of BHP Group. The growth of data centers and AI technologies, which demand higher energy consumption for computing,...
READ MOREHamburg-based copper producer Aurubis has inaugurated a new recycling plant in Augusta, Georgia, marking a significant investment of approximately €740 million (USD 789 million). The new facility will process a range of materials, including printed circuit boards and copper cables, as part of the company’s multi-metal production strategy. Beyond copper, the plant will also produce...
READ MOREShares of Korea Zinc, the world’s largest metal processing company, rose sharply following expectations of an increased takeover bid from South Korean investment firm MBK Partners and Young Poong, according to reports from foreign media. On September 19, Korea Zinc’s shares closed at 707,000 won, valuing the company at 14.7 trillion won ($11.1 billion), surpassing...
READ MOREGold prices experienced significant volatility in the New York session after the Federal Reserve announced a 50 basis point interest rate cut. Spot gold initially surged to a new record high of $2,600.15 per ounce, only to plummet shortly after Federal Reserve Chairman Jerome Powell’s comments. Gold dropped sharply, falling as low as $2,546.79 per...
READ MORENatron Energy, a U.S.-based manufacturer of sodium-ion batteries, has announced plans to invest nearly $1.4 billion to build a 1.2 million-square-foot gigafactory in Edgecombe County, North Carolina. Once completed, the facility will produce up to 24 gigawatt-hours of sodium-ion batteries annually, marking a 40-fold increase over the company’s current output. This pioneering project aims to...
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