Base metal prices saw an uptick, with copper increasing by 1.4% to reach $8,995 per ton and aluminum rising by 1.2% to $2,323 per ton. Copper prices have bounced back after hitting a five-month low last week, which was attributed to rising inventories in London Metal Exchange warehouses and increased exports from China amid sluggish...
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SES AI Corporation, a leading developer and manufacturer of high-performance lithium-metal batteries, has announced the successful conversion and acceptance testing of its Urban Air Mobility (UAM) lithium-metal cell production facility in Chungju, South Korea. This development represents a significant step forward in the company’s efforts to commercialize its lithium-metal battery technology. The facility is now...
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China Nonferrous Metal Industry’s Foreign Engineering and Construction (NFC) has announced that its local unit has secured a contract worth $429 million to expand a copper ore processing project in Indonesia. The agreement involves engineering, procurement, and construction services and was signed with Amman Mineral Nusa Tenggara. The project is set to span 16 and...
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South Korean company IM is making significant strides in the anode materials market for secondary batteries by moving towards the commercialization of composite copper foil. The company has equipped its facilities in the Mado General Industrial Complex in Hwaseong and the Ansan Industrial Complex in Ansan, targeting mass production by the end of the year....
READ MOREVariscan Mines, an exploration and development company focusing on high-grade zinc projects in Spain, has appointed Square Trading Singapore Pte Ltd as its exclusive marketing manager for the global sale of zinc concentrates from its Novales-Udias and Guajaraz Projects. This partnership aims to enhance the market reach of Variscan’s products as the company progresses with...
READ MOREIn the first half of 2024, Russia increased its aluminum exports to South Korea by approximately 20%, reaching a total of 154.9 thousand tons, according to data from the Korean Statistical Service reported by RIA Novosti. This increase marks the highest semi-annual export volume since 2012. From January to June 2024, South Korea’s imports of...
READ MOREThe Russian Government has expanded the borders of the Amurskaya advanced development territory in the Amur Region to facilitate a new investment project in the Zeya District. This expansion is aimed at supporting the construction of a mining and processing plant dedicated to ore processing, specifically at the Kun-Manye deposit. Governor Vasily Orlov of the...
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Scientists from the Institute of Physics at Kazan Federal University, in collaboration with colleagues from the Moscow Institute of Physics and Technology (MIPT), have successfully grown thin films of a palladium-iron alloy with a controlled distribution of magnetic impurities using molecular beam epitaxy, as reported by the Russian Ministry of Education and Science. The research...
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On August 9, the global mining group Rio Tinto refuted claims by environmental activists that its Jadar lithium project in Serbia threatens the constitutional rights of citizens to clean air, water, and soil. The company stated that its environmental assessments are based on comprehensive research conducted by over 100 independent experts, including 40 university professors...
READ MOREExcelsior Mining Corp. has announced the start of construction at the Johnson Camp Mine (JCM) in southeast Arizona, aiming for initial copper production in the first half of 2025. The development follows a decision by Nuton LLC, a Rio Tinto venture, to advance to Stage 2 of the process to restart operations using Nuton’s advanced...
READ MOREMinnova has released an update regarding its 100% owned PL Gold Mine, detailing future plans to advance the project in light of significantly higher gold prices. Since the completion of a positive Feasibility Study in 2017, when gold was priced at US$1,250 per ounce, current market prices have surged to over US$2,400 per ounce. This...
READ MOREUS Strategic Metals (USSM), previously known as Missouri Cobalt, has announced that it received a non-binding Letter of Interest from the Export-Import Bank of the United States (EXIM Bank) for a potential $400 million debt financing package. This funding is aimed at supporting the development of their flagship Madison cobalt mining project in Missouri. The...
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Copper prices held steady on Thursday, bolstered by anticipation of improved demand from China and a larger-than-expected interest rate cut by the U.S. Federal Reserve in September. The three-month copper contract on the London Metal Exchange (LME) fell slightly by 0.1% to $8,760 per metric ton at 1029 GMT, having dipped earlier to $8,716, just...
READ MOREJubilee Metals Group has commenced operations at its upgraded Roan copper concentrator, marking a significant milestone in its expansion efforts. The London-based metal processing company, with projects in South Africa and Zambia, has increased the processing capacity of the Roan facility by launching a newly constructed front-end section. The new front-end, built adjacent to the...
READ MOREAlcoa, the American multinational, has reiterated its position that the aluminum and alumina production complex at San Cibrao in Spain remains unfeasible under current and projected energy market conditions. Despite its efforts to find a buyer for the facility, the company has been clear in its communications that the complex is not profitable, and is...
READ MORESPIMEX Proposal for Aluminum Exchange Trading in Russia Introduction of Exchange Trading for Rusal’s Aluminum The St. Petersburg International Mercantile Exchange (SPIMEX) has proposed launching exchange trading for primary aluminum produced by Rusal. This proposal comes in response to recent restrictions imposed by the U.S. and British authorities, which have banned Rusal from trading its...
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Nornickel has successfully completed a large-scale overhaul project at its Nadezhda Metallurgical Plant, resulting in the first batch of matte being smelted in a newly refurbished weighted smelting furnace. The Nadezhda plant is a key component of Nornickel’s operations, processing concentrates from the Talnakh and Norilsk Concentrators to produce matte for copper and nickel smelting...
READ MORENovelis Inc, a subsidiary of Hindalco Industries Ltd, announced a 2% increase in net sales for the first quarter, reaching $4.2 billion. This growth was mainly attributed to higher average aluminum prices and an 8% rise in total flat-rolled product shipments, which hit 951 kilotonnes. The increase in shipments was primarily driven by normalized demand...
READ MORERevolver Resources Holdings has announced the execution of a Memorandum of Understanding (MoU) with the China Copper Industry Investment Alliance (CCIIA) for the complete offtake of copper cathode production from the Dianne Copper Mine. This agreement sets the stage for Revolver to source and supply additional copper cathode products and includes provisions for development and...
READ MOREVulcan Energy Resources, a Perth-based company supported by Gina Rinehart, has commenced the commissioning of its lithium hydroxide testing plant in central Germany. The plant, located near Frankfurt, represents a key step in Vulcan’s plans to establish a commercial-scale facility aimed at enhancing Europe’s electric vehicle supply chain. The testing plant will convert lithium chloride...
READ MOREEchelon Resources, a Wellington-headquartered oil and gas exploration firm listed on the Australian Securities Exchange (ASX), has signed a significant contract to supply gas for rare earth mining projects in Western Australia. The deal, inked with the Northern Territory Government, enables Echelon to provide gas from its Mereenie joint venture field until 2030. This agreement...
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Wheaton Precious Metals reported significant growth in production and financial performance for the fourth quarter of 2023, driven by increased gold production and higher commodity prices, despite some operational setbacks. The company achieved a 22% increase in gold equivalent ounces (GEOs) produced, totaling 174,200 GEOs, compared to the same period in the previous year. The...
READ MOREFortuna Mining Corp. has released its financial and operating results for the second quarter of 2024, showcasing substantial growth in net income and operational performance. The company reported an attributable net income of $40.6 million, or $0.13 per share, marking an increase from $26.3 million, or $0.09 per share, in the first quarter of 2024....
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Aluminium Bahrain (Alba), the world’s largest single-site aluminium smelter, has formed a strategic partnership with Japan’s Daiki Aluminium Industry Company to establish a sustainable aluminium dross processing facility in Bahrain. The collaboration aims to enhance the recycling and sustainability of aluminium production in the region. The Memorandum of Understanding (MoU) was signed at Alba’s premises,...
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