China’s Sinomine Resource Group has announced that its Tsumeb Smelter in Namibia contains 746 metric tons of germanium, a vital mineral used in chipmaking, infrared technology, fiber optic cables, and solar cells. The company revealed plans to explore the feasibility of upgrading the existing copper smelting production line at the smelter to include germanium and...
READ MOREGoldman Sachs analysts have revised their copper price forecasts, citing changes in supply and demand dynamics this summer. Despite ongoing supply challenges, refined copper production has increased, while copper consumption has seen a notable decline. As a result, the significant reduction in copper inventories anticipated by Goldman Sachs is now expected to occur much later...
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Russian President Vladimir Putin has emphasized the critical importance of lithium extraction in the internal republic of Tuva, which holds the largest deposits of this vital metal in Russia. Speaking at a meeting focused on Tuva’s development, Putin noted that the region accounts for nearly 30% of the country’s lithium resources, positioning it as a...
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Sibanye Stillwater, a South African mining company, announced that it expects to report a loss for the first half of 2024, driven by a 7.5 billion rand (USD 420 million) writedown on its U.S. assets. The company attributed this to falling palladium prices, which have impacted the profitability of its operations in the United States....
READ MOREIn a recent discussion, executives from China Molybdenum outlined the company’s future plans, focusing on copper production, dividend payouts, and ongoing development strategies. China Molybdenum is on a clear path to significantly increase its copper production over the next five years, aiming to achieve an annual output of 800,000 to 1,000,000 tons by 2028. This...
READ MOREEmirates Global Aluminium Expands into U.S. Secondary Aluminum Market Emirates Global Aluminium has announced plans to acquire an 80% stake in Spectro Alloys, a leading U.S. secondary aluminum producer with a capacity of approximately 110,000 tons of ingots. This acquisition will bolster Emirates Global Aluminium’s presence in the growing U.S. secondary aluminum market, which saw...
READ MOREA group of researchers led by Stanford University and Belgian research center Imec has made a significant breakthrough in the development of transition metal dichalcogenide (TMD) solar cells. The team has devised a new scalable manufacturing process that brings these advanced solar cells closer to commercial production. TMDs are two-dimensional materials known for their exceptional...
READ MOREVSMPO-AVISMA, a leading titanium producer, has reported a 0.4% increase in net profit for the first half of 2024, reaching 12.39 billion rubles ($133 million). This modest growth comes despite significant increases in revenue across its operations, as detailed in the company’s financial statements. The company’s total revenue grew by 9.6%, reaching 59.61 billion rubles...
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Copper prices in London edged higher on Thursday, buoyed by market optimism over a potential U.S. interest rate cut in September, despite a strong U.S. dollar and ongoing concerns about weak Chinese demand. The London Metal Exchange (LME) expressed satisfaction with the rise in copper prices, although the gains were somewhat limited by these broader...
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Chris Ellison, CEO of Perth-based Mineral Resources, one of Australia’s top lithium miners, has strongly criticized global automakers for their slow adoption of electric vehicles (EVs). This comes as a sharp decline in lithium prices, driven by a slowdown in EV sales, has pushed the industry into a challenging period. Ellison, who described the current...
READ MOREEurobattery Minerals has signed a non-binding offtake agreement with Boliden for its Hautalampi battery minerals project in Finland. The agreement, set to last for at least ten years, marks a significant step forward for the company’s plans to produce carbon-free critical raw materials. Roberto García Martínez, CEO of Eurobattery Minerals, praised the agreement as a...
READ MORENickel, a critical metal for the energy transition and electric vehicle batteries, is set to become a significant export for Tanzania with the development of the Kabanga project. The U.S. government has shown strong interest in the project, as it aligns with broader efforts to secure supply chains for essential minerals. On August 27, Lifezone...
READ MOREThe U.S. and other Western nations have begun adopting more interventionist policies in their business relations with China, imposing tariffs and implementing measures to curb the transfer of technology that could bolster China’s economic and military capabilities. However, China, with its well-developed economy and strong position in several global industries, is countering these actions with...
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Canada is planning to introduce significant tariffs on imports from China, including a 100% duty on electric vehicles and a 25% duty on Chinese-made aluminum and steel, according to sources familiar with the matter. This move aligns Canada with similar actions taken recently by the European Union and the United States. The decision follows recent...
READ MOREPT Vale Indonesia (INCO) has announced plans to commence operations at its nickel processing plant in Pomalaa, Southeast Sulawesi, by the first quarter of 2026. This move is part of the company’s broader strategy to enhance its nickel processing capabilities in response to the growing global demand for nickel, particularly for use in electric vehicle...
READ MOREMore than a month after appointing Luke Cox as its new CEO, Caprice Resources has strengthened its position in the West Arunta region by acquiring a new tenement. The West Perth-based exploration company, which has a market capitalization of $7.26 million, announced on Tuesday that it has entered into a binding agreement to purchase a...
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Yabao, the world’s largest lithium producer, has announced the suspension of part of its processing capacity at the Kemerton lithium plant in Australia, while also putting a hold on plans to expand its lithium mining operations in the country. This decision comes amid a significant drop in lithium prices, driven by an imbalance between supply...
READ MOREExlabesa is set to expand its aluminium recycling operations at its plant in A Coruña, Spain, by increasing its production capacity with the installation of new technology supplied by Hertwich Engineering, a company under the SMS group. The upgrade includes the addition of a continuous homogenising furnace, complete with an air cooling station, a long-billet...
READ MOREUAE-based Consolidated Copper Corp. (CCC) has successfully restarted its processing plant at the Tschudi mine in northern Namibia, marking the production of London Metal Exchange (LME) Grade A copper cathode for the first time since 2020. The plant, originally constructed in 2015, had produced over 80,000 tonnes of high-grade copper cathode before being placed under...
READ MOREHyundai Motor Group plans to establish a battery research and development (R&D) facility in Anseong, Gyeonggi Province, marking the first time the South Korean automotive giant is setting up operations in the city. Industry sources revealed on Thursday that the company is currently in discussions with Anseong city authorities regarding the development of the R&D...
READ MORENamibia’s Consolidated Copper Corp. (CCC) has successfully restarted operations at the Tschudi copper plant, following a four-year shutdown. The company announced the restart, highlighting the creation of over 60 new jobs for Namibians and the involvement of local suppliers, who secured 75 percent of the refurbishment capital. The plant’s restart was made possible by a...
READ MORESibanye Stillwater has secured a €500 million ($557.30 million) financing package to complete the Keliber lithium project in Finland. The South African mining company, which holds a 79.8% stake in Keliber after its 2021 investment, is diversifying from its traditional focus on platinum and gold into battery metals, driven by the global transition to cleaner...
READ MOREBarrick Gold, the Canadian metals giant with assets across Zambia, the Democratic Republic of Congo (DRC), Tanzania, and other global locations, has expressed confidence in boosting its copper production to over 400,000 tonnes per year by 2030. The Toronto- and New York-listed company also aims to increase its gold output by 30%, according to a...
READ MOREEcoPro BM, a South Korean producer of cathode materials, has signed a memorandum of understanding (MOU) with Chinese battery materials and precursor supplier GEM to enhance their strategic partnership in the field of rechargeable battery raw materials. The MOU, signed earlier this month, aims to ensure stable procurement of nickel for EcoPro BM and increase...
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