Japan’s refined copper production is expected to increase by 5.5% in the second half of fiscal 2025 compared to the same period a year earlier, according to Reuters calculations based on smelter plans. This increase is primarily attributed to reduced maintenance activities and solid demand. The financial second half covers the period from October to...
READ MOREA team of Russian researchers has synthesized unique ferromagnetic films made of palladium and iron using the molecular beam epitaxy (MBE) method, according to the Institute of Physics and Technology (ITF). “We have adapted molecular beam epitaxy technology to synthesize gradient magnetic thin films based on a ferromagnetic alloy of palladium and iron. The resulting...
READ MOREAurubis, one of the world’s leading multi-metal producers and a major copper recycler, has announced a EUR 16 million investment in its Stolberg copper rolling mill in the Rhineland, Germany. The investment includes two new core units—a hood annealing line and a stretch-bending line—to enhance the competitiveness, energy efficiency, and safety of the site. The...
READ MOREIvanhoe Mines reported record production at its Kamoa-Kakula Copper Complex and Kipushi zinc mine in the Democratic Republic of Congo (DRC) for Q3 2024. Kamoa-Kakula produced 116,313 tonnes of copper in concentrate, while Kipushi produced 17,817 tonnes of zinc in concentrate during its ramp-up phase. Kamoa-Kakula’s Phase 3 concentrator, which began producing in June, is...
READ MOREFrench energy company TotalEnergies is exploring the possibility of expanding into copper trading, according to a report by the Financial Times. This potential move would align with the growing demand for metals essential to the global energy transition, as copper plays a crucial role in renewable energy and electrification technologies. Rahim Azouni, senior vice president...
READ MOREDundee Precious Metals has released preliminary production figures for gold and copper for the third quarter and the nine months ending September 30, 2024. The company’s Chelopech and Ada Tepe mines are reported to be on track to meet their 2024 production guidance despite some operational challenges. David Rae, President and CEO of Dundee Precious...
READ MOREStarting October 8, the Moscow Exchange will begin trading new futures contracts for copper, aluminium, nickel, and zinc. These contracts will have a quarterly circulation term, aligning copper and nickel futures with the existing quarterly terms for aluminium and zinc, which previously had one-month terms. The new contracts will feature lots that are 10 times...
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 MOREAnglo American is undergoing significant restructuring to concentrate on copper, a key material for the energy transition, after rejecting a $49 billion takeover offer from BHP Group earlier this year. The company will unbundle its diamond, platinum, nickel, and coal assets, including De Beers, Brazilian nickel mines, and Australian coal operations, to streamline its portfolio....
READ MOREVale is considering opportunities to significantly increase its copper output, potentially tripling production, as it seeks to catch up with industry competitors, according to the company’s newly appointed president, Gustavo Pimenta. In a statement made on Wednesday, Pimenta highlighted that Vale currently produces 350,000 tonnes of copper annually, while the largest global producers generate around...
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