Swiss 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 MOREThe United States imported Russian aluminium in September 2024 for the first time in over a year, according to US customs data analyzed by RIA Novosti. During this month, US companies purchased 798 tonnes of unprocessed aluminium from Russia for $1.9 million, marking the first such delivery since August 2023. The largest metal import from...
READ MORESouth Korean battery materials producer L&F Company announced plans to begin production of nickel-cobalt-manganese (NCM) cathodes for battery electric vehicles (BEVs) by the end of 2024. The new cathodes will feature 95% nickel content, the highest used so far in BEV battery cathodes. The company made the announcement during its third-quarter earnings presentation, revealing a...
READ MORENornickel released its production results for the first nine months and the third quarter of 2024, showing mixed trends across different metals. From January to September 2024, nickel production rose by 0.3%, reaching 146.2 thousand tons, while copper output increased significantly by 7%, totaling 326.1 thousand tons. Palladium production also saw a slight increase of 1%, totaling...
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 MOREDuring the Asian market session, spot gold experienced a sudden and sharp decline, briefly falling to $2,724.64 per ounce, hitting an intraday low. According to FXStreet analyst Christian Borjon Valencia, technical analysis of gold indicates potential signs of weakness. Gold prices closed nearly unchanged on Monday, with investors awaiting the outcome of the U.S. election...
READ MOREAluminium Bahrain (Alba) made two key announcements on November 3 at the Gateway Gulf 2024 investment forum in Manama, hosted by the Bahrain Economic Development Board. Alba and Japan’s Daiki Aluminium Industry Company will form a joint venture called Alba-Daiki Sustainable Solutions (ADSS) to set up an aluminium dross processing facility in Bahrain. Alba will...
READ MOREMagna Mining has identified new copper mineralization at its Shakespeare project, in a joint venture with Glencore, less than 2 km from a feasibility-stage former mine. The discovery, made in Sudbury, Ontario, could potentially add to the long-term prospects of the project. The initial drillhole, MSW-24-01, in the newly targeted Southwest copper zone intersected 32.4...
READ MOREToronto-based Torex Gold Resources announced that it expects to begin producing the first copper concentrate from its Media Luna project in Mexico in Q1 2025, with commercial production to follow shortly afterward. The US$950 million project, located in Guerrero state, is currently 87% complete, according to CEO Jody Kuzenko. Kuzenko noted that engineering work for...
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