The premium for aluminium shipments to Japanese buyers for the October to December period has been set at $175 per metric ton, reflecting a 1.7% increase from the previous quarter, according to four individuals directly involved in pricing talks. This rise aligns with higher premiums seen in Europe. The new figure surpasses the $172 per...
READ MOREFortune Minerals has hired Worley Canada Services to lead additional engineering work and prepare an updated feasibility study for the NICO Cobalt-Gold-Bismuth-Copper Project in Canada. The project includes a mine and concentrator in the Northwest Territories and a hydrometallurgical facility in Alberta. The updated study will assess current project costs, commodity prices, and recent optimizations,...
READ MORERusal, controlled by sanctioned Russian aluminium tycoon Oleg Deripaska, plans to start construction of the second stage of the Boguchansk aluminium smelter in 2025, according to Renaissance Capital. This expansion will double the smelter’s production capacity to 596,000 tonnes per year, with the start-up complexes being commissioned in stages until 2030. The total investment in...
READ MOREThe London Metal Exchange has started accepting nickel deliveries from the Norilsk Nickel Harjavalta plant in Finland—of Russian mining giant Nornickel—ending the temporary halt that started in July 2024. This was not due to sanctions but also a delay in performing an audit to confirm the reliability of metal supplies coming into LME warehouses. Nornickel...
READ MORERio Tinto Group is aiming to begin production at its Resolution copper joint venture in Arizona, in partnership with BHP Group, by the end of the decade, according to an interview with CEO Jakob Stausholm, reported by Bloomberg News on September 26. The Resolution project, which has faced various delays, is reportedly nearing the end...
READ MOREIndia’s pursuit of carbon neutrality heavily relies on securing key metals like copper and nickel, essential for the renewable energy sector and the electric vehicle (EV) industry. These materials are crucial to reducing reliance on external sources, and recycling is expected to play a major role in establishing a sustainable and reliable supply chain. Copper,...
READ MOREGlobal alumina production held steady in August, reaching 12.51 million tons, according to the International Aluminium Institute. The output was virtually unchanged both from July’s figures and from the same period last year. Daily average global alumina production saw a slight increase, reaching 403,612 tons in August, compared to the revised figure of 403,581 tons...
READ MOREHindustan Copper (HCL) is moving forward with major expansion projects aimed at increasing its copper mine production capacity to 12.2 million tons per annum (MTPA), a move that will significantly enhance India’s domestic copper output. One of the key components of this expansion is the development of an underground mine beneath the existing open cast...
READ MOREBHP Chief Financial Officer Vandita Pant emphasized the growing challenges in meeting the rising global demand for copper during a keynote interview at the Financial Times Mining Summit in London. Pant projected a 70% growth in copper demand from now until 2050, driven by traditional industrial sectors as well as new requirements from decarbonization, energy...
READ MORESpot gold prices surged to a new record of $2,685.58 per ounce during Thursday’s trading session, driven by a weakening U.S. dollar and escalating geopolitical tensions. Gold closed the day up $15.68, or 0.59%, at $2,672.23 per ounce, marking a continuation of gold’s upward trend. FXStreet analyst Christian Borjon Valencia attributed gold’s rally to factors...
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