Global law firm White & Case has advised Alcoa Corporation on the sale of its entire 25.1% stake in a joint venture with the Saudi Arabian Mining Company (Ma’aden) for approximately $1.1 billion. The joint venture, established in 2009, is a fully integrated mining complex located in Saudi Arabia. It includes the Ma’aden Bauxite and...
READ MOREBMW is teaming up with Redwood Materials to recycle lithium-ion batteries from the German automaker’s electric vehicles across the United States. Redwood, which is constructing a $3.5 billion battery recycling facility in South Carolina, will receive end-of-life batteries from BMW’s U.S. network, including over 700 locations such as dealerships and distribution centers. These recycled batteries...
READ MOREEgypt’s Misr Aluminum announced on Thursday that it is exploring the implementation of a rehabilitation plan aimed at extending the lifespan of its factories and increasing production capacity, according to a report by Al Mal. The company is considering various financing options to fund the initiative, including a potential capital hike. A decision on the...
READ MORELifthium Energy, part of the José de Mello Group, has received €21 million in support from the Spanish government to construct a green lithium refinery in Torrelavega, located in the Cantabria region. The funding, announced by Minister for Industry and Tourism Jordi Hereu at the 1st Spanish-Chinese Automotive Summit in Madrid, is part of the...
READ MOREIn 2022, Guiyang Aluminum and Magnesium Design and Research Institute made its debut in the North American high-end market by signing a pre-feasibility study contract with Canada’s Rio Tinto Group for an aluminum electrolysis expansion project. This milestone was followed by Yunnan Shenhuo Intelligent Chemical Plant, one of the first in China’s non-ferrous metals industry...
READ MOREAt its 2024 Investor Day, Arcadium Lithium plc announced a comprehensive plan to double its sales volumes by 2028, targeting an estimated $1.3 billion in Adjusted EBITDA. This growth projection is supported by analyst consensus pricing forecasts and anticipated increases in lithium demand. The company expects a 25% increase in combined lithium carbonate and lithium...
READ MORENatron Energy, a U.S.-based manufacturer of sodium-ion batteries, has announced plans to invest nearly $1.4 billion to build a 1.2 million-square-foot gigafactory in Edgecombe County, North Carolina. Once completed, the facility will produce up to 24 gigawatt-hours of sodium-ion batteries annually, marking a 40-fold increase over the company’s current output. This pioneering project aims to...
READ MOREChina’s shipments of antimony products saw a sharp increase in August 2024, driven by international concerns over Beijing’s upcoming export restrictions on the critical mineral. Antimony, used in various applications from fire retardants to military equipment, has become the focus of a rush in stockpiling abroad. The export restrictions, set to take effect on September...
READ MOREEnersense and Swedish metals company Boliden have signed a significant agreement for the ongoing development of Boliden’s Odda production plant in Norway. The project, which began in early 2023, focuses on enhancing environmental sustainability and expanding production capacity. Enersense Works Oy, a part of the company’s Industry business area, has been involved in the installation...
READ MOREAston Martin’s efforts to enhance the sustainability of its supply chain have received a significant boost with the award of £6 million in government funding. The grant, provided through the Advanced Propulsion Centre UK (APC), will support Project PIVOT, a research and development initiative aimed at creating lightweight, sustainable aluminium castings for future Aston Martin...
READ MOREChina’s copper cathode production in August 2024 saw a slight decrease of 1.4% year-on-year, according to the Shanghai Metals Market (SMM). However, output for the month still rose by 2.5% year-on-year to 1.013 million tons. Over the first eight months of the year, production increased by 6.5%, reaching 7.960 million tons, despite ongoing challenges in...
READ MOREThe shift to electric vehicles (EVs) is opening new sustainability opportunities throughout the aluminium supply chain, driving efforts to increase recycling and reduce emissions. Novelis, a leader in aluminium recycling, has made significant strides in capturing aluminium for the global automotive industry through closed-loop recycling programs and new investments in recycling operations. However, the next...
READ MOREUS Strategic Metals (USSM) has entered a partnership with Chilean Cobalt Corp. (C3) and Glencore AG, a division of Glencore, to facilitate the processing of cobalt and cobalt intermediates from C3’s La Cobaltera project in Chile. The collaboration aims to establish a U.S.-centric cobalt supply chain, linking the La Cobaltera project with USSM’s critical metals...
READ MOREThe rapid development of artificial intelligence (AI) technologies is expected to worsen the global copper shortage, according to BHP, the world’s largest mining company, as reported by the *Financial Times*. BHP forecasts that growing demand for data centers and AI-related infrastructure, which require energy-intensive computing, could increase the global need for copper by an additional...
READ MOREPress Metal Aluminium Holdings Berhad, Southeast Asia’s largest aluminum smelter, announced today a new joint venture with PT Alakasa Alumina Refineri (AAR), PT Dinamika Sejahtera Mandiri (DSM), and PT Kalimantan Alumina Nusantara (KAN). The collaboration will see KAN establish and operate an integrated alumina refinery, power plant, jetty, and supporting infrastructure in Sanggau, West Kalimantan,...
READ MOREStarting January 1, 2025, New Jersey will join 44 other U.S. states in eliminating sales tax on purchases of gold, silver, and other precious metals exceeding $1,000. The move reinforces the constitutional recognition of gold and silver as legitimate forms of payment. This change aligns with the principle that sales tax should apply to consumer...
READ MOREOn September 13, 2024, the U.S. Trade Representative (USTR) announced the completion of the statutory review for the Section 301 investigation into China’s trade practices regarding technology transfer, intellectual property, and innovation. This review, which began in May 2022, includes new tariffs on a range of Chinese imports, particularly targeting strategic industries. Key sectors affected...
READ MOREAccording to analysts at BofA Securities, copper prices are benefiting from strong demand, constrained supply, and increased investment in clean energy transition projects. Despite global macroeconomic concerns, copper has shown surprising resilience, with a 6% rise year-to-date in 2024. Key drivers of this growth include inadequate mine supply, declining ore output, and processing challenges, which...
READ MOREJetty, a U.S.-based startup working on advanced smelting technologies, has announced that John Slaven will take over as CEO starting next month. Slaven brings extensive experience from previous senior roles at companies such as BHP, Alcoa, and Betanda. Jetty is developing copper hydrometallurgical technology aimed at extracting copper from low-grade ores, which were previously considered...
READ MOREChina’s imports of unwrought aluminum and aluminum products rose by 1.9% in August, reaching 280,000 metric tons compared to the same month last year, according to customs data released on Wednesday. For the first eight months of the year, total aluminum imports amounted to 2.58 million tons, a 51% increase year-on-year. The figures cover both...
READ MOREGeorgia Governor Brian P. Kemp, first lady Marty Kemp, Aurubis CEO Toralf Haag, and various local officials will attend the ribbon-cutting ceremony this Friday. The plant is projected to create over 200 local jobs and will process more than 180,000 tons of complex recycling materials annually, such as printed circuit boards and insulated copper cables....
READ MOREAston Martin has been awarded £6 million in UK Government funding through the Advanced Propulsion Centre UK (APC) to support the development of 100% recycled aluminium castings for its future models. This funding will be directed toward Project PIVOT, a collaborative initiative led by Coventry-based aluminium supplier Sarginsons. The project aims to revolutionize the casting...
READ MOREHindalco’s copper division is set to invest $2.94 billion (₹24,500 crore) across two major copper projects in Gujarat, including the establishment of India’s first electronic waste (e-waste) recycling facility in Dahej, South Gujarat. The new facility will have an annual production capacity of 200,000 tonnes of copper, marking a significant step toward copper recycling in...
READ MOREA South African company, Sibanye-Stillwater, is reportedly the most likely bidder to acquire shares in New Caledonia’s ailing Prony Resources, according to local news sources. Prony Resources, like other nickel plants in the region, has been struggling due to Indonesia’s rise as a major player in the global nickel market and ongoing unrest in New...
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