Gold Fields Ltd reported a drop in interim profit for the first half of 2024, impacted by adverse weather conditions and production setbacks that negatively affected output. The Johannesburg-based gold mining company also lowered its production forecast for the 2024 financial year to a range of 2.05 million to 2.15 million ounces, down from the...
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Namibia’s Consolidated Copper Corp. (CCC) has successfully restarted operations at the Tschudi copper plant, following a four-year shutdown. The company announced the restart, highlighting the creation of over 60 new jobs for Namibians and the involvement of local suppliers, who secured 75 percent of the refurbishment capital. The plant’s restart was made possible by a...
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KGHM Group released its preliminary production and sales results for July, revealing varied performance across different metals. The company reported a 12% year-on-year decline in the production of payable silver, totaling 114.5 tonnes, a decrease of 15.4 tonnes compared to the same period last year. Silver sales also saw a drop, down 3% year-on-year to...
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Aleksandar Matkovic, a Serbian environmental activist and co-author of a declaration opposing lithium mining, has reported receiving a series of death threats following his involvement in protests against a massive lithium mining project in Serbia. The threats began on August 14, just days after widespread demonstrations erupted in response to plans by Rio Tinto, a...
READ MOREThe global production of refined copper increased by 6.2% year-on-year to 13.86 million tonnes in the first half of 2024, outpacing the 3.4% rise in consumption, which reached 11.16 million tonnes, according to a report by the International Copper Study Group (ICSG) released on Tuesday. This disparity led to a significant widening of the copper...
READ MORESQM, once a star performer in 2022 and 2023, is experiencing a challenging fiscal year as the company grapples with declining lithium prices. The Chilean mining giant, which heavily relies on lithium, reported a sharp drop in profits, with second-quarter earnings plummeting 63% to $213 million from $580 million in the same period last year....
READ MORESwedish battery manufacturer Northvolt has announced plans to relocate its research and development (R&D) of lithium-metal battery technology from California to its R&D center in Västerås, Sweden. The move is part of a broader strategic reassessment aimed at consolidating the company’s research, development, and industrialization efforts under one roof. Northvolt’s decision follows several recent setbacks,...
READ MOREThe cobalt market is grappling with a significant oversupply, highlighted by the recent delivery of 23 metric tons of cobalt to London Metal Exchange (LME) warehouses. This marks the first warranting of the battery metal on the LME since February 2022. Additionally, over 680 tons of cobalt were reported as off-warrant inventory at the end...
READ MORESpot gold prices experienced a volatile session on Wednesday, fluctuating around the $2,500 per ounce mark, as traders reacted to dovish signals from the Federal Reserve’s latest meeting minutes. The yellow metal initially dipped to an intraday low of $2,493.69 per ounce during New York trading hours but rebounded strongly, closing at $2,512.19 per ounce,...
READ MOREAluminium prices, which have dropped 9% since peaking at $2,695 per tonne in May 2024, are likely to rebound due to ongoing supply constraints, according to market analysts. The metal recently hit a five-week high, driven by alumina shortages in China, and analysts predict further price increases throughout the year despite a slightly more positive...
READ MORESibanye Stillwater has secured a €500 million ($557.30 million) financing package to complete the Keliber lithium project in Finland. The South African mining company, which holds a 79.8% stake in Keliber after its 2021 investment, is diversifying from its traditional focus on platinum and gold into battery metals, driven by the global transition to cleaner...
READ MOREResearchers in the United States have developed a new method for extracting lithium from seawater that they claim could significantly reduce costs and environmental impact compared to current methods. Lithium, a critical component in the production of batteries for electric vehicles, has seen a surge in global demand, with production expected to rise from around...
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Kazakhstan is making significant strides in its copper production, with ambitious plans to increase output from 450,000 to 750,000 tons by 2029. This expansion is part of a broader effort to enhance the country’s manufacturing industry, including the implementation of a new copper smelter project in the Abay region. To support this growth, the Kazakh...
READ MOREEnviroGold Global, a technology company focused on monetizing metals in mine waste and tailings while improving environmental outcomes, has provided a corporate and operational update highlighting significant progress on several fronts. The company is ahead of schedule and under budget in commissioning its newly acquired demonstration plant, originally designed for nickel leaching and repurposed for...
READ MOREXanadu Mines has announced a significant increase in the mineral resource estimate for its flagship Kharmagtai copper-gold project in Mongolia. The updated estimate reveals an additional 463,000 tonnes of contained copper and a 746,000-ounce increase in contained gold. This brings the total resource to 3.8 million tonnes of copper and 9.3 million ounces of gold....
READ MOREBarrick Gold, the Canadian metals giant with assets across Zambia, the Democratic Republic of Congo (DRC), Tanzania, and other global locations, has expressed confidence in boosting its copper production to over 400,000 tonnes per year by 2030. The Toronto- and New York-listed company also aims to increase its gold output by 30%, according to a...
READ MOREFLSmidth has secured a significant order to deliver five AFP2500 concentrate and tailings filters to South32’s Hermosa critical minerals project in the Patagonia Mountains of southern Arizona, USA. The equipment will play a crucial role in supporting the project’s commitment to minimizing environmental impact and contributing to the supply of essential minerals like zinc and...
READ MOREAluminium prices, which have dropped by about 9% since hitting a two-year high of $2,695 per tonne on May 29, 2024, are expected to rise again due to tight supply for the remainder of the year, according to industry analysts. The metal reached a five-week high on Tuesday, driven by an alumina shortage in China...
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LiTHOS, a pioneer in sustainable lithium brine production technologies, has announced the successful completion of laboratory-scale tests of its innovative AcQUA pre-treatment technology. These tests, conducted in collaboration with global lithium producer SQM, demonstrated exceptional lithium yield recovery and impurity removal, marking a significant advancement in sustainable lithium extraction. The tests, carried out at LiTHOS’s...
READ MOREE3 Lithium has signed a Joint Development Agreement with Pure Lithium Corporation, a Boston-based company known for its innovative lithium metal battery technology. This collaboration aims to advance the design and construction of a lithium metal anode and battery pilot plant in Alberta, Canada. The partnership will also include a Preliminary Economic Assessment of a...
READ MOREGlobal primary aluminium production reached 6.194 million tonnes in July 2024, an increase from 6.084 million tonnes recorded in the same month last year. This growth corresponds to an average daily production of 199,800 tonnes, up from 195,100 tonnes per day in July 2023 and 199,400 tonnes per day in the previous month of June...
READ MOREMining giant BHP is reportedly in discussions with the Indonesian government regarding potential investments in the country’s rapidly expanding nickel industry. This comes despite BHP’s recent decision to temporarily shut down its nickel operations in Western Australia due to global oversupply and depressed nickel prices. Meidy Katrin Lengkey, the secretary-general of the Indonesia Nickel Mining...
READ MOREEcoPro BM, a South Korean producer of cathode materials, has signed a memorandum of understanding (MOU) with Chinese battery materials and precursor supplier GEM to enhance their strategic partnership in the field of rechargeable battery raw materials. The MOU, signed earlier this month, aims to ensure stable procurement of nickel for EcoPro BM and increase...
READ MORECopper, a metal with an annual turnover exceeding $200 billion (£154bn), has experienced significant volatility in recent years. From its low of $1.65 per pound in 2015 to a recent high of over $5, copper has seen wild price swings driven by various factors, including supply deficits and growing demand in emerging technologies. In 2021,...
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