German company Wieland, headquartered in Ulm, has successfully acquired Farmers Copper Ltd., a prominent supplier of copper, brass, and bronze alloys, founded in 1980. Farmers Copper operates from two sites in Texas City and San Antonio, Texas, and the transaction was finalized on July 10. Renowned for its strong and long-standing customer base, Farmers Copper...
READ MOREAccording to data released on a Monday, China’s primary aluminum output increased from the previous year. Smelters in the southwestern Yunnan province resumed production as curbs on local power usage were eased, resulting in a 2.9% year-on-year increase. The country, being the world’s top aluminum producer, churned out 3.46 million metric tons of primary aluminum...
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Faraday Copper has announced the latest assay results from its Copper Creek project in Arizona, revealing exciting possibilities for expanding the open-pit resource base. The phase two drilling program, comprising six drill holes, has highlighted the potential to connect two conceptual open pits, Copper Prince and Mammoth, in the upcoming resource estimate. Three of the...
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Lundin Mining, a Toronto-based mining company, has completed the acquisition of a majority stake in the company that operates the Caserones copper-molybdenum mine in Chile, the world’s largest producer of the metal. The acquisition gives Lundin Mining a 51% ownership stake in Caserones, with plans to acquire an additional 19% in the future. To finance...
READ MOREFollowing Chile’s decision to increase mining royalties beginning in 2024, copper miners are calling for incentives to maintain investments in copper production, crucial for the renewable energy revolution. The elevated royalties have led to tensions between the mining industry and the leftist government of Gabriel Boric, who seeks to use mining revenues to fund expanded...
READ MOREAustralian lithium explorer and developer, Oceana Lithium, has made a significant move by acquiring 100% ownership of Monaro Lithium Canada from Noranda Royalties in a joint cash and shares deal. The purchase includes an upfront payment of A$225,000 ($170,000) and up to 9.5 million Oceana lithium shares, valuing the transaction at approximately A$3.45 million ($2.6...
READ MOREScientists from Australia and China have developed the world’s first non-toxic aluminum-radical battery based on water. The concept of the invention was outlined in an article published in the Journal of the American Chemical Society (JACS). Aluminum-ion batteries (AIB) have gained significant attention from scientists due to their potential cost-effectiveness, as aluminum is the third...
READ MOREAccording to the annual report of AO Concern “Energomer,” the “Monocrystal” group of companies (the only European manufacturer of pastes for solar cell metallization, part of the industrial holding “Energomer”) plans to double its market share of aluminum paste in China by 2023. The report was published on Thursday. “In the solar energy paste market,...
READ MOREAs Indonesia contemplates imposing fines on nickel firms involved in alleged illegal exports of raw nickel to China, experts suggest that officials should focus on studying the underlying reasons behind producers’ actions rather than resorting solely to punitive measures. The Corruption Eradication Commission (KPK) of Indonesia recently revealed that Chinese customs data indicated the receipt...
READ MOREAccording to Goldman Sachs, the growing adoption of electric vehicles (EVs) serves as a significant driver for the bullish outlook on copper. The bank forecasts that copper demand from the EV sector will reach 1 million tonnes (mt) this year and rise to 1.5 mt by 2025. In a recent note, Goldman Sachs highlighted copper’s...
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Austral Resources (ASX:AR1) has unveiled a concept mining study that indicates the possibility of extracting an additional 10,000 tonnes of contained copper from its Anthill copper project in Queensland. This represents a significant increase of over 20% compared to the volumes estimated in the 2021 Feasibility Study. The increase is attributed to higher copper prices...
READ MOREAndrew Forrest, billionaire and owner of Wyloo Metals, is making a determined commitment to establish a strong presence in the nickel supply market. Wyloo Metals has recently finalized its acquisition of Mincor Resources for $760 million, solidifying its position as a key player in the industry. Forrest envisions a surge in demand for nickel similar...
READ MORELME Clear has announced the appointment of David Warren as Chairman effective July 20, 2023. David will succeed Marco Strimer, who will step down as Chairman at the end of his term of office. David has over 30 years’ experience in the financial services industry and significant experience in the infrastructure and regulation of global...
READ MOREZambia is on the verge of finalizing an agreement with Vedanta Resources regarding the disputed copper assets of Konkola Copper Mines. According to the country’s mines minister, a deal regarding the future of the partially state-owned unit is expected to be announced soon. Ever since the breakdown of relations between Zambia and Vedanta a few...
READ MOREOn July 1, 2023, Mayville Engineering Company, Inc. (NYSE: MEC), commonly known as MEC, successfully finalized the purchase of Mid-States Aluminum (MSA), a privately owned business. MSA, headquartered in Wisconsin, is renowned for its expertise in manufacturing custom aluminum extrusions and fabrications. In addition to its primary offerings, MSA provides valuable services like design, engineering,...
READ MOREDue to heavy rainfall, Chile’s state-owned Codelco, the world’s largest producer of copper, anticipates a decline of approximately 7,000 metric tons in copper production by 2023, as stated by Chairman Maximo Pachecho on Wednesday. Following a meeting with the country’s finance ministry, Pachecho informed reporters that the company projects total production for 2023 to be...
READ MOREEOS, a leading provider of additive manufacturing solutions, is preparing to launch its new high-strength aluminum alloy, EOS Al5X1, this summer. The company showcased parts printed with the Al5X1 material for the first time at the recent RAPID + TCT event. Developed within EOS’ material screening program, the EOS Al5X1 takes into account customer requirements...
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German company HMS Bergbau AG plans to invest $700 million in lithium extraction in Kazakhstan after gaining control over a local company that owns two relevant deposits in the country, according to the Minister of Industry and Infrastructure Development, Marat Kairbekov. “The German company Bergbau, listed in Europe, has acquired a 51% stake in a...
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Fin Resources, an Australian company, is getting ready to commence field work at its approximately 138 km2 lithium projects in Canada. The field work will include ground-based mapping, geophysics, and rock and soil sampling. The company’s projects, known as the Mt Tremblant lithium projects, consist of two hard-rock lithium projects in the James Bay area...
READ MOREGlencore aims to acquire full ownership of PolyMet Mining, the company developing a copper-nickel mine in northeastern Minnesota with Teck Resources. Currently holding 82% of PolyMet Mining, Glencore offered $71 million to increase its stake to 100%, making PolyMet a private entity. This proposal represents a 167% premium over PolyMet’s closing stock price on Friday,...
READ MOREGuangzhou Tinci Materials Technology, a prominent Chinese supplier of electrolytes and electrolyte chemicals for lithium batteries, has unveiled its plans to invest a substantial sum of $280 million in the construction of a new plant in Morocco. The facility, spearheaded by the company’s Singapore-based unit, Yicai Global, will focus on the production and sale of...
READ MOREGerman chemical giant BASF received a conditional environmental approval for its planned battery component plant in Finland’s Harjavalta, the region’s watchdog said last week. The Centre for Economic Development, Transport and the Environment (ELY Centre) of Southwest Finland issued its opinion on the project’s extended environmental impact assessment (EIA) report submitted by BASF in March....
READ MOREThe Russian state corporation Rosatom has made a splash in Latin America: its subsidiary Uranium One has signed a framework agreement with Yacimientos de Litio Bolivianos to establish a complex for mining lithium salts and processing them into lithium carbonate in Bolivia. Rosatom’s attention to lithium is not accidental and implies far-reaching goals. The salt...
READ MOREIndonesia’s President Joko Widodo, popularly known as Jokowi, is embarking on an official visit to Sydney with the aim of advancing Jakarta’s electric vehicle (EV) battery hub aspirations by leveraging Australia’s abundant lithium resources. During his three-day trip, President Widodo will engage in the annual leaders’ meeting with Australian Prime Minister Anthony Albanese, as the...
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