Chile’s state-owned copper producer Codelco has applied for an environmental permit to extend the life of its Gabriela Mistral mine by more than 25 years. The proposed $800 million project would push the current closure date from 2028 to at least 2055, ensuring continued production at the Antofagasta region mine, which has been operational since...
READ MOREAccording to a survey by Shanghai Metals Market (SMM), China’s primary aluminium prices and input costs have declined, reflecting muted demand for the commodities. Bauxite emerged as the only exception, with its domestic price remaining stable and its imported price increasing by $0.08 per tonne to $105.84 per tonne. A00 Aluminium Ingot Price On December...
READ MORELithium Americas has announced the completion of its joint venture (JV) with General Motors Holdings to fund, develop, construct, and operate the Thacker Pass lithium project in Humboldt County, Nevada. The project aims to supply battery-quality lithium carbonate for the North American critical minerals supply chain. Under the terms of the JV, Lithium Americas retains...
READ MOREState funding for the Copperwood Mine project in Michigan’s Upper Peninsula has encountered another delay. The state Senate Appropriations Committee, chaired by Senator Sarah Anthony (D-Lansing), declined to vote on a proposed $50 million grant for the controversial project during its latest meeting. This marks the second time this year the funding has stalled. The...
READ MOREThe Indian National Trade Union Congress (INTUC) staged a protest on Friday at Chidambaranagar, demanding the reopening of the Sterlite Copper plant in Thoothukudi. The plant was closed following Supreme Court orders, but INTUC argues its revival could address significant employment and economic challenges in the region. Led by INTUC Working President Kathirvel, over 500...
READ MORECopper and gold prices saw upward momentum on Friday, driven by developments in global production and demand as well as broader economic conditions. On the London Metal Exchange (LME), three-month copper contracts rose to $8,914 per tonne, marking a 0.4% increase. This gain was supported by a 1.6% decline in China’s refined copper production in...
READ MOREGlobal gold production is projected to reach an all-time high of approximately 3,250 tonnes (105 million ounces) in 2024 before entering a period of sustained decline, according to industry experts speaking at The Northern Miner’s International Metals Symposium in London on December 2. From 2025 onward, factors such as depleting reserves, declining ore grades, and...
READ MOREHorizon Copper has provided an update regarding the arbitration proceedings initiated by Entrée Resources Ltd. concerning its Joint Venture Agreement (JVA) with Oyu Tolgoi LLC (OTLLC) and Turquoise Hill Resources Ltd. on the Oyu Tolgoi copper project in Mongolia. On December 19, 2024, Entrée announced that an international arbitration tribunal delivered a partial final award...
READ MOREThe Federal Reserve’s decision to cut interest rates on Wednesday led to a sharp drop in gold prices, with spot gold tumbling over 2% to a one-month low. Spot gold closed the session down $60.36, or 2.28%, at $2,585.54 per ounce—the lowest level since November 18. The U.S. dollar index surged over 1% to a...
READ MORENornickel, a top palladium producer, is advancing efforts to expand global demand for palladium by introducing innovative applications, aiming to counteract declining consumption from internal combustion engine vehicles. The company, a leading producer of palladium with annual output exceeding 80 tonnes, anticipates long-term stagnation in automotive industry demand, which currently accounts for over 80% of...
READ MOREAccording to the International Aluminium Institute, global primary aluminium production in 2024 is poised to surpass the previous year’s total, setting a new annual record. By the end of November 2024, global primary aluminium output had reached 66.522 million tonnes. To exceed the 2023 total of 70.716 million tonnes, December’s production needs to exceed 4.194...
READ MOREBlack Cat Syndicate (ASX:BC8) has successfully poured its first gold bar at the restarted Paulsens Gold Operation in Western Australia. The milestone was achieved on December 22, following the refurbishment and commissioning of the site’s processing facility, completed on schedule and within budget. The Paulsens site, located 180 kilometers west of Paraburdoo, includes an underground...
READ MOREKGHM, a listed copper group, has outlined its production and financial expectations for 2025, with significant contributions from its domestic and international operations. According to a market filing, KGHM Polska Miedź, a key unit of the group, is projected to sell 572,900 tonnes of payable copper in 2025. The unit’s production targets include 392,300 tonnes...
READ MOREGreen Technology Metals has received a letter of interest from Export Development Canada (EDC) for potential project financing of up to C$100 million for the Seymour lithium project in Ontario. This marks a significant milestone for the development of what could become the first lithium mine in Ontario and the second in Canada. Seymour hosts...
READ MOREThe ongoing conflict between South Korea’s Korea Zinc and private equity firm MBK Partners has escalated, with both sides exchanging public criticisms over business strategies and governance. The dispute began in September when shareholder Young Poong, a co-founding family entity, joined forces with MBK Partners to make an unsolicited bid for a majority stake in...
READ MOREThe global refined copper market recorded a surplus of 287,000 tonnes in the January-October period of 2024, up from 9,000 tonnes in the same period last year, according to the International Copper Study Group (ICSG). Refined copper production rose 3.7% year-on-year to 22.77 million tonnes, while consumption increased by 2.5% to 22.48 million tonnes. In...
READ MOREEos Energy Enterprises has entered into a joint development agreement (JDA) with FlexGen Power Systems to create an integrated battery energy storage system (BESS) combining Eos’ zinc-based technology with FlexGen’s energy management solutions. This collaboration marks a notable shift, as FlexGen becomes the first major system integrator to partner with a non-lithium-ion battery company. The...
READ MORESWA Lithium, a joint venture between Standard Lithium Ltd. and Equinor ASA, has announced the successful commissioning and operation of a pilot Direct Lithium Extraction (DLE) plant at the South West Arkansas Project. The facility, developed in partnership with Koch Technology Solutions (KTS), processes brine directly from the project site to validate engineering design parameters...
READ MOREA collaborative research effort between Western University in Canada, the University of Maryland in the United States, and other institutions has led to the development of a novel solid-state electrolyte (SSE) that could pave the way for the commercialization of all-solid-state lithium metal batteries (LMBs). The findings were recently published in Nature Nanotechnology. The newly...
READ MORERusal, Russia’s sole primary aluminium producer, has reportedly sought to obstruct several critical investment initiatives by Nornickel, one of the world’s leading producers of non-ferrous and precious metals, according to a source close to Interros, Nornickel’s majority shareholder. The first project targeted is Nornickel’s Sulphur Programme, part of Russia’s federal Clean Air Project. Launched in...
READ MOREEuropean Metals Holdings Limited has unveiled a substantial increase in the planned production of lithium chemicals from its Cinovec Project, underscoring its potential as a key player in the European Union’s push for lithium self-sufficiency by 2030. The revised plans show a 42% increase in the annual production of battery-grade lithium hydroxide monohydrate, now targeting...
READ MOREThe latest data from the World Bureau of Metal Statistics (WBMS) reveals a substantial oversupply in the global nickel market. Refined nickel production reached 304,400 tons in October, surpassing consumption, which stood at 282,500 tons, resulting in an excess supply of 21,900 tons. For the first ten months of 2023, global refined nickel production totaled...
READ MOREIndonesia is considering a substantial reduction in nickel ore production quotas in a bid to stabilize market prices, according to Bloomberg. The country’s nickel ore quota for 2024 could drop significantly from this year’s 227 million tons to 150 million tons. Reports indicate that the Indonesian government is engaged in internal discussions about the potential...
READ MORENewRange Copper Nickel has successfully concluded a $20 million salvage and recycling project at the site of the former LTV Steel facility near Hoyt Lakes, Minnesota. This effort, one of the largest of its kind in the state’s history, has paved the way for the NorthMet copper-nickel project by creating a safer and cleaner work...
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