Leading African mining group Bravura, a sister company to AITEO, Africa’s largest indigenous oil and gas producer, has announced plans to establish a large-scale lithium processing plant in Germany by 2027. The plant will produce lithium hydroxide, a key component in electric vehicle (EV) batteries, through a unique African-German supply chain. The final location for...
READ MOREThe Aluminium Association of India (AAI), the apex body representing the leading aluminium producers in India, has submitted a pre-budget representation to the Department for Promotion of Industry and Internal Trade (DPIIT) under the Ministry of Commerce. The submission emphasizes aluminium’s crucial role in India’s economic growth, particularly as the nation aims to achieve the...
READ MORECopper, the third most used metal globally, is crucial for the energy transition, particularly in electrification and renewable energy applications. Recent developments, including China’s stimulus measures, have led to significant volatility in copper prices, adding uncertainty to the metal’s future. China’s economic actions have been a major driver of this volatility. Copper futures are actively...
READ MOREThe U.S. Department of Energy (DOE) has closed a $2.26 billion loan to Lithium Americas Corp’s subsidiary, Lithium Nevada Corp, to support the construction of lithium processing facilities at Thacker Pass in Humboldt County, Nevada. The loan, part of the Biden-Harris Administration’s Investing in America initiative, aims to finance the project located adjacent to the...
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 MOREFrench aluminium oxide producer Alteo has confirmed the acquisition of white corundum producer Niche Fused Alumina (NFA), a move approved by the commercial court of Chambery. Alteo, which employs 380 people and generates approximately EUR 180 million in revenue, has been a long-standing supplier and partner in research and development (R&D) with NFA. This acquisition...
READ MORESouth African mining giant Anglo American continues to reorganize its copper mining activities across South America. One of the two copper mines at the Los Bronces complex in Chile has been temporarily closed for maintenance, as announced in late July 2024. The smaller Los Bronces mine, which contributes about 40% of the complex’s total capacity,...
READ MOREChinese battery manufacturer Gotion has announced plans to invest in a lithium battery project in Vietnam’s Vung Ang Economic Zone, located in Ha Tinh Province. Representatives from Gotion met with the Ha Tinh Economic Zone Management Authority in late October to discuss the development of this energy storage facility, which aims to optimize renewable energy...
READ MOREStillwater Critical Minerals has signed a Letter of Intent (LOI) with Granite Creek Copper, allowing Granite Creek to acquire a 90% interest in the Duke Island copper-nickel-platinum-palladium (Cu-Ni-PGE) project. The all-share transaction aligns with Stillwater’s strategic focus on its flagship Stillwater West project in Montana. The Duke Island project, located in the Alexander Platinum Belt...
READ MOREAccording to an October 23 report, despite the ongoing closure of nickel mines in Australia, raw nickel production in the Asian market has continued to rise into the fourth quarter of 2024, leading to weak pricing. Declining sales of power batteries in China and subdued demand for stainless steel have further contributed to a bearish...
READ MORE
