News

  • Glencore Reports Decline in Copper, Zinc, and Cobalt Production for 2024

    BY Sophia Schmitz
    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...
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  • L&F Company to Begin Production of High Nickel NCM Cathodes for BEV Batteries

    BY John Davis
    South Korean battery materials producer L&F Company announced plans to begin production of nickel-cobalt-manganese (NCM) cathodes for battery electric vehicles (BEVs) by the end of 2024. The new cathodes will feature 95% nickel content, the highest used so far in BEV battery cathodes. The company made the announcement during its third-quarter earnings presentation, revealing a...
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  • Ares Strategic Mining Ships Flotation Plant to Produce High-Purity Acidspar

    BY Lara Browne
    Ares Strategic Mining has shipped its new flotation plant, featuring state-of-the-art flotation technology. This facility will be the only one of its kind in North America, designed specifically to produce acidspar, a high-purity form of fluorspar (calcium fluoride) crucial for several industrial applications, including aluminum production, chemical manufacturing, lithium-ion batteries, electronics, and specialized glass and...
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  • Nornickel Increases Production of Non-Ferrous Metals in Q3 2024

    BY John Davis
    Nornickel released its production results for the first nine months and the third quarter of 2024, showing mixed trends across different metals. From January to September 2024, nickel production rose by 0.3%, reaching 146.2 thousand tons, while copper output increased significantly by 7%, totaling 326.1 thousand tons. Palladium production also saw a slight increase of 1%, totaling...
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  • Teck Resources to Outline Growth Strategy at 2024 Strategy Day

    BY Sophia Schmitz
    Teck Resources plans to unveil its growth strategy focused on expanding copper production at its 2024 Strategy Day on November 5, 2024. The company aims to increase copper output to 800,000 tonnes per year by the end of the decade, detailing its investment approach to achieve this growth while generating value for shareholders and stakeholders....
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  • Nickel Sector Faces Dynamic Changes Amid Indonesian Acquisitions and Global Market Shifts

    BY Sophia Schmitz
    Nickel Industries is strengthening its position as a major global nickel resource holder through strategic acquisitions in Indonesia. In August 2024, the company acquired the Sampala project and a 51% stake in the Siduarsi project, amid a severe nickel ore shortage in Indonesia. This shortage has driven a 45% increase in local nickel prices since...
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  • Alumina Prices Hit Record High Amid Supply Challenges

    BY Lara Browne
    The price of alumina, a crucial raw material for aluminium production, has reached a record high of $707.59 per tonne. This surge is attributed to ongoing supply and production issues in major exporting countries like Guinea, Australia, and China, as reported by ZeroHedge. In Guinea, a leading supplier of bauxite, challenges in foreign trade and...
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  • New Plasmonic Photocatalyst Reduces Hydrogen Production Costs

    BY Lars Jensen
    American chemists have developed a plasmonic photocatalyst based on rhodium and copper, enabling the extraction of hydrogen from methane at a relatively low temperature of 450 degrees Celsius. This innovation is expected to lower energy and fuel costs for hydrogen production, making the process more sustainable, as detailed in a paper published in Nature Catalysis....
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  • Constellium Casts First Aluminum Plate Using Hydrogen Combustion

    BY Lars Jensen
    In mid-July, metallurgist Constellium successfully cast its first aluminum plate using hydrogen combustion at its research center in Voreppe, Isère, France. This marks a significant milestone for the company as it explores sustainable production methods aimed at reducing carbon emissions. The multinational company plans to deploy the hydrogen combustion system, still in the development phase,...
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  • SEC Investigates Freeport-McMoRan Over Earthquake Risk at Indonesian Smelter

    BY Lars Jensen
    The U.S. Securities and Exchange Commission (SEC) is investigating Freeport-McMoRan Inc. regarding its alleged failure to disclose earthquake risks associated with its newly built $3.7 billion Manyar copper smelter in Indonesia. The investigation was prompted by an anonymous complaint from a former contractor who claimed the complex could be at risk of collapsing into the...
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