Rio Tinto’s Carbon-Free Aluminum Production Arvida Smelter Project Rio Tinto Corporation plans to produce carbon-free aluminum at its Arvida smelter in Canada by installing inert anode electrolyzers. A pilot line with ten electrolyzers is set to be designed and commissioned, leveraging a technology license from Elysis, a joint venture between Rio Tinto and Alcoa. Investment...
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Montreal-based Midland Exploration Inc. has announced the start of a major exploration program for nickel and copper in Nunavik, Quebec. This initiative is part of its strategic alliance with BHP Group, formalized in August 2020. The exploration follows several years of groundwork, including the discovery of new Ni-Cu-Co mineralized showings from 2020 to 2023. The...
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Researchers from the National Geophysical Research Institute (NGRI) in Hyderabad have discovered nickel deposits in the Cuddapah Basin, Andhra Pradesh. This finding is significant as India currently has no domestic nickel production and relies entirely on imports to meet its demand for the metal, which is crucial in electronics due to its conductivity and corrosion...
READ MOREStellantis Plans to Become a Nickel Producer Investment in Indonesian Nickel Production European automobile giant Stellantis is negotiating with Brazilian corporation Vale and Chinese company Huayou Cobalt to invest in nickel production facilities in Indonesia. Vale plans to establish two metallurgical plants in partnership with Western car manufacturers, one with Ford and the other with...
READ MOREFrench mining company Eramet and German chemical giant BASF have announced the cancellation of their planned $2.6 billion joint investment in a nickel-cobalt refining complex in Weda Bay, Indonesia. The decision was made after a thorough evaluation and discussions about the project’s execution strategy. Eramet stated that it would continue to explore potential investments in...
READ MOREStellantis, the world’s third-largest automaker, is entering discussions with Brazil’s Vale and China’s Huayou Cobalt to invest in a nickel production unit in Indonesia. Vale has announced plans to build three nickel production plants in the country, one in collaboration with Ford and another with Stellantis. This initiative aims to secure a stable supply of...
READ MORENornickel is installing a new flash smelting furnace at its Nadezhda Smelter, the world’s largest supplier of palladium and Class 1 nickel, said in a press release. This new furnace is set to replace one of the existing smelting units that has become obsolete and is being phased out of operation, Nornickel said. Its key...
READ MOREAlbemarle’s Efforts to Strengthen U.S. Lithium Sovereignty Kings Mountain Lithium Mine Project Albemarle Corporation held public hearings on the Kings Mountain lithium mine project, located at one of the largest pegmatite deposits in the United States. The project aims to produce approximately 420,000 tons of spodumene concentrate annually. The initiative includes utilizing a former mica...
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Commerzbank reported today that there is limited scope for further upside in base metal prices, suggesting that the potential has been exhausted or even overdone. The German bank had previously attributed the rise in metal prices to a more positive economic outlook due to the prospect of interest rate cuts in major economies. However, in...
READ MOREArdea Resources has enhanced the nickel-cobalt inventory at its Goongarrie Hub project near Kalgoorlie, Western Australia, using a high-tech mineral processing technique. This achievement has earned the company a $1.1 million grant from the Federal Government. Less than two months ago, a Japanese consortium led by Sumitomo Metal Mining and Mitsubishi Corporation committed to funding...
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The metallic minerals sector in the Philippines experienced a slow start in the first quarter of 2024, with production value down 12.76 percent compared to the same period last year. The Department of Environment and Natural Resources (DENR) reported that the value of domestic metallic mineral production fell to P51.81 billion (approximately $880.77 million) from...
READ MORENovelis Initiates IPO Roadshow and Share Offering American metallurgical company Novelis has commenced a roadshow for its initial public offering (IPO), planning to offer 45 million common shares priced between $18 and $21. This move is expected to raise about $1 billion. However, Novelis itself will not benefit directly from the IPO proceeds, which are...
READ MOREPOSCO and CNGR of China have commenced construction of a nickel refinery and precursor factories at the Youngil-bay No.4 industrial complex. The projects are a joint venture between POSCO CNGR Nickel Solution and CNP New Material Technology, focusing on precursor material production. The nickel refinery aims to produce 99% pure nickel for rechargeable batteries by...
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Nornickel, the world’s largest producer of Class I nickel, sees a smaller global nickel market surplus due to growing demand for nickel in the smelting and electric vehicle sectors, according to the market overview published on the company’s website. The miner expects 100,000 tons of surplus in 2024 and 2025. Although the surplus is smaller...
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The London Metal Exchange (LME) has approved the listing of the first Indonesian brand of refined nickel, a significant milestone for the global industry. The brand, “DX-zwdx,” represents Indonesia’s growing influence in the nickel market. Five years ago, Indonesia produced 600,000 metric tons of nickel, mainly shipping unprocessed ore to China for stainless steel production....
READ MOREThe Nadezhda Smelter in Russia’s Arctic city of Norilsk is gearing up for a large-scale overhaul of its second process line, starting on May 20, Vitaly Muravyov, Director of the Nadezhda Metallurgical Plant at Nornickel, announced. Nornickel, one of the world’s largest miners, has invested $340 million in this modernization project, marking the largest overhaul...
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LX International has announced plans to expand nickel production at the Adhi Kartiko Pratama (AKP) mine in Indonesia over the next three years. This decision comes in anticipation of increased demand for secondary batteries, despite a recent slump in the electric vehicle (EV) market. The AKP mine is located near the Morowali Industrial Park in...
READ MOREIndonesia Invites Elon Musk for Battery Plant Venture Proposal to Build Electric Vehicle Battery Plant The Indonesian government has extended an invitation to Tesla CEO Elon Musk to consider establishing an electric vehicle battery plant in Indonesia. This invitation aligns with President Joko Widodo’s strategy, initiated after his election in 2014, to transform Indonesia into...
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The London Metal Exchange (LME) has approved the listing of the first Indonesian brand eligible for delivery against the exchange’s primary nickel contract, bolstering the selling power of the world’s largest nickel producer. This milestone marks Indonesia’s emergence as a significant player in high-purity nickel production, which is traded on the LME, the world’s largest...
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The market for nickel-based alloys is forecast to reach $5,667.61 million by 2030, growing at a compound annual growth rate (CAGR) of 2.6% from 2024 to 2030. This growth is driven by increasing use in industries such as automotive, aerospace, oil and gas, power plants, and electronics. Nickel-based alloys are valued for their corrosion resistance,...
READ MOREFor the past few years, the West has been trying to break China’s grip on minerals critical for defense and green technologies. Despite these efforts, Chinese companies are becoming more dominant. They are expanding operations, supercharging supply, and causing prices to drop, making it hard for challengers to compete. “China is not just standing still...
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New Caledonia is experiencing unprecedented violence and economic instability due to falling nickel prices, despite holding 20% to 30% of the world’s reserves. The archipelago has been embroiled in a wave of violence not seen since the 1980s, resulting in six deaths and hundreds of injuries in one week. The unrest stems from a modification...
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In April, nickel prices saw a significant increase of more than 9%, driven by rising non-ferrous metal prices and strong market fundamentals. The main contradiction between nickel supply and demand is expected to shift, leading to continued strong price fluctuations in the short term. The Federal Reserve’s anticipated rate cuts have introduced fluctuations in market...
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Metal mining and processing are critical resources for New Caledonia, but the sector is on the brink of bankruptcy due to the lack of competitiveness of its factories and recent civil unrest. The nickel mining and processing industry, which is the archipelago’s main economic activity, has been severely weakened by riots and is now on...
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