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 MOREJinchuan Group announced that its mining business produced 47,183 tonnes of copper during the first nine months of 2024, marking a year-on-year decrease of approximately 2%. The decline was attributed to an unstable power supply from the Democratic Republic of Congo’s national power grid during this period. Copper sales also dropped to 41,368 tonnes, representing...
READ MOREA conveyor belt carries raw cobalt for processing at the Etoile mine, operated by Chemaf Sarl, located in Katanga province near Lubumbashi, in the Democratic Republic of Congo. Along a 250-mile highway cutting through central Africa, thousands of flatbed trucks haul sheets of copper and sacks of cobalt hydroxide—materials essential for electric cars and other...
READ MOREFortune Minerals has hired Worley Canada Services to lead additional engineering work and prepare an updated feasibility study for the NICO Cobalt-Gold-Bismuth-Copper Project in Canada. The project includes a mine and concentrator in the Northwest Territories and a hydrometallurgical facility in Alberta. The updated study will assess current project costs, commodity prices, and recent optimizations,...
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 MORENickel Industries, an Australian mining company, has completed the acquisition of a 51% stake in the Siduarsi Project in Indonesia from PT Iriana Mutiara. The Siduarsi Project is a 6th generation Contract of Work (CoW) and is one of only four active nickel CoWs in Indonesia. The deal was valued at AUD 5 million (USD...
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 MOREUS Strategic Metals (USSM) has entered a partnership with Chilean Cobalt Corp. (C3) and Glencore AG, a division of Glencore, to facilitate the processing of cobalt and cobalt intermediates from C3’s La Cobaltera project in Chile. The collaboration aims to establish a U.S.-centric cobalt supply chain, linking the La Cobaltera project with USSM’s critical metals...
READ MORENth Cycle, a U.S.-based metal-refining startup, has opened its first commercial nickel-cobalt refinery in Ohio, with plans to partner with recyclers and eventually miners to produce metals with less waste. The facility, which received a $7.2 million tax credit under the Inflation Reduction Act, produces mixed hydroxide precipitate (MHP), a key precursor material used by...
READ MORECanada Nickel has announced that Export Development Canada (EDC) may provide a $500 million loan for its Crawford project in northern Ontario, which is poised to become the world’s largest nickel-cobalt sulphide development. This potential funding, combined with $600 million in tax credits from the Canadian government, would support the construction of the C$3.5 billion...
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