Sigma Lithium Corporation (NASDAQ: SGML, BVMF: S2GM34, TSXV: SGML), a leading global producer of sustainable lithium, announced robust financial results for the second quarter ended June 30, 2024. The company highlighted continued operational excellence, including strong sales volume, premium pricing of its environmentally sustainable ‘5.0 Green Lithium’, and expansion into new markets such as Japan...
READ MORE
Weir Group, a mining specialist, has secured a £53 million contract for the Reko Diq copper-gold project in Pakistan’s Balochistan province, a greenfield development 50% owned by Barrick. The project aims to commence production in 2028, with a projected mine life exceeding 40 years. In the first phase of the project, Weir Group will be...
READ MOREGlencore has reported a significant 27% increase in zinc metal production during the first half of 2024, reaching 440,100 tons. This growth, representing an increase of 94,800 tons compared to the first half of 2023, is attributed to the consolidation of the CEZinc smelter in Canada and the restart of the Nordenham Zinc smelter in...
READ MOREThe Tiwai Point aluminium smelter has agreed to further cut its electricity consumption by an additional 20 megawatts (MW) as New Zealand grapples with an ongoing energy shortage. This reduction is on top of the 185MW demand cut the smelter recently implemented at the request of Meridian Energy, highlighting the severity of the current energy...
READ MORE
Bravura Mining Consortium has commenced the shipment of key components for its Kamativi lithium processing plant, manufactured in South Africa by Manhattan Corporation. The arrival of these components coincides with ongoing civil works at the Kamativi site, laying the groundwork for what will be a significant operation in Zimbabwe’s growing lithium sector. The Kamativi project,...
READ MORE
Antofagasta has reported a resilient financial performance for the first half of 2024, driven by strong EBITDA margins, cash flow generation, and continued investment in key growth projects. CEO Iván Arriagada highlighted the company’s achievements in maintaining robust financial metrics despite challenging conditions, with EBITDA increasing by 5% to $1,394.4 million and revenue rising by...
READ MOREGreen Technology Metals Limited (ASX: GT1) has announced a significant partnership with South Korean EV battery metals producer EcoPro Innovation Co., Ltd., which includes a A$8 million corporate equity investment. This collaboration supports GT1’s goal of becoming Ontario’s first integrated lithium producer, with agreements covering both upstream (mining and raw material extraction) and downstream (processing...
READ MORE
Beijing announced on Thursday, August 15, that it will impose restrictions on antimony exports starting September 15. As the world’s largest producer of this critical metal, China’s move is expected to have wide-ranging impacts on industries that rely on antimony, including flame retardant manufacturing, ammunition production, and the photovoltaics sector. The price of antimony had...
READ MORE
KGHM, a major copper producer, is preparing to launch the production of cast gold and silver bars at its “Glogow” Copper Smelter, with sales expected to begin between the third and fourth quarters of 2024. Piotr Krzyzewski, KGHM’s deputy CFO, announced during an investor chat that the company is currently focused on establishing the necessary...
READ MOREThe copper market is witnessing a significant shift as investors pull back, likely remaining on the sidelines for months. This retreat is leaving room for physical market players who foresee continued weak demand, particularly in top consumer China, potentially driving prices down further. Earlier this year, a surge of fund buying based on expectations of...
READ MORE
The Kamoa-Kakula Copper Complex in the Democratic Republic of the Congo (DRC) has set a new monthly production record, with 35,941 tonnes of copper produced in July 2024. Ivanhoe Mines announced that the Phase 3 concentrator, which reached commercial production ahead of schedule, played a crucial role in this achievement. The expansion has boosted the...
READ MORETécnicas Reunidas announced on Monday that it has successfully developed proprietary technologies aimed at the recovery of critical raw materials and rare earths, areas the company views as strategically and geopolitically crucial. These innovations, developed through its Own Technology Development division at the Técnicas Reunidas Technological Center, also include advancements in carbon capture and green...
READ MORESignificant Accumulation of Lead and Zinc in Singapore The London Metal Exchange (LME) warehouses in Singapore have seen a substantial accumulation of lead and zinc, reaching nearly 430,000 tons—a tenfold increase since May 2023. This growth is attributed to two main factors: a global economic slowdown that has dampened demand for base metals, and a...
READ MOREThe Autonomous Bougainville Government (ABG), Bougainville Copper Limited (BCL), and Rio Tinto have signed a Memorandum of Understanding (MoU) to tackle concerns surrounding the deteriorating infrastructure in the former Panguna mine area. This initiative follows findings from the independent Legacy Impact Assessment, which highlighted several ageing structures requiring immediate attention. The collaboration focuses on mitigating...
READ MOREAs the global drive towards sustainable energy intensifies, green hydrogen is becoming a key component in the future energy landscape. However, the scarcity of Iridium, a critical element used in polymer electrolyte membrane (PEM) electrolysers, presents a significant obstacle. Iridium is extremely rare and expensive, with an annual production of only 8-9 tons, making it...
READ MORE
Ganfeng Lithium’s subsidiary, Ganfeng LiEnergy, has announced plans to form a long-term strategic partnership with Turkish battery manufacturer YIGIT AKU. The collaboration aims to leverage Ganfeng Lithium’s extensive industrial chain and resources alongside YIGIT AKU’s strong presence in Turkey’s battery manufacturing sector and its international market reach. As part of this partnership, the two companies...
READ MORE
Ryan Melsert, CEO of American Battery Technology (NASDAQ: ABAT), recently spoke with Benzinga about the company’s latest milestones, the state of the lithium market, and its role as a critical supplier for the green energy sector. Melsert highlighted the company’s balanced approach to working with retail investors and strategic partners, which has been crucial in...
READ MORESingapore has become a critical hub for refined zinc and lead stockpiles, with inventories in the city-state’s London Metal Exchange (LME) registered warehouses soaring more than tenfold since May 2023. Recent data shows that nearly 430,000 tons of these base metals are now stored in Singapore, making it a key vault for major trading companies...
READ MOREAluminum Corporation of China (Chinalco), a state-owned enterprise, is reportedly exploring a $2 billion investment in Indophil Resources Phils., according to Bloomberg News. This potential stake would grant Chinalco access to the Tampakan copper-gold site, which could become the Philippines’ largest mine of its kind. Indophil Resources Phils. owns Sagittarius Mines, the developer behind the...
READ MORESantacruz reported solid financial and operational results for the second quarter of 2024, driven by strong metal prices and robust production. The company processed 500,755 tonnes of material in Q2, bringing the total for the first half of 2024 to 971,504 tonnes. This resulted in the production of 4,819,552 silver equivalent ounces for the quarter...
READ MORECalgary-based E3 Lithium has received $5 million in new funding from the Alberta government, a boost that the company says will help advance its multibillion-dollar lithium extraction project. The funding, drawn from Alberta’s Technology Innovation and Emissions Reduction (TIER) fund, supports E3’s ongoing efforts to extract lithium from old oilfields, a process that could be...
READ MOREEuropean Energy Metals has applied for five new Exploration Licenses (ELs) in Finland, increasing its total land holdings in the country to 15,770 hectares. The new ELs cover 10,220 hectares in the Kaustinen region, an area known for its potential in Lithium-Cesium-Tantalum (LCT) Pegmatites. These new licenses are strategically located near existing deposits and infrastructure,...
READ MORE
Researchers at ITMO University have uncovered a significant advancement in neuromorphic computing by demonstrating that hybrid crystals can simulate the behavior of brain neurons when exposed to laser light. The study utilized crystals composed of copper and trimesic acid—materials noted for being environmentally safe and cost-effective to produce. When subjected to laser pulses at specific...
READ MORE
China’s BTR Group, a specialist in lithium-ion battery materials, has announced plans to construct a manufacturing plant in Morocco’s Tangier Technology City. The project, valued at $366 million, is expected to take two years to complete. Once operational, the facility will have an annual production capacity of 60,000 tons of lithium-ion battery anode materials, aimed...
READ MORE
