Kam Kiu Aluminium Products Group, a Hong Kong-registered Chinese company, has announced plans to build a high-quality aluminum production facility in My Thuan Industrial Park, located in Nam Dinh Province, Vietnam. The investment for the project is estimated at $100 million. The new plant will focus on producing aluminum components for the automotive, electronics, and...
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South Melbourne-based ABx Group and Canada’s Ucore Rare Metals have entered into a Memorandum of Understanding (MOU) to collaborate on a binding offtake agreement for the supply of mixed rare earth carbonates (MREC) from ABx’s rare earth project in Tasmania to Ucore’s facilities in the USA. This partnership also explores investment opportunities for Ucore in...
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In Wednesday’s Asian trading, spot silver extended its downward movement, dropping below the key $28.00 per ounce barrier after a significant decline the day before. Spot silver closed Tuesday’s session 1.77% lower at $28.03 per ounce, and by mid-Wednesday, prices had fallen further to $27.90 per ounce. FXStreet analyst Christian Borjon Valencia highlighted that this...
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Alpha HPA has officially commenced the second stage of construction on what will become the world’s largest single-site ultra-high purity aluminium materials refinery. The new facility, located in Gladstone, Australia, represents a major milestone for the company, which specializes in producing sustainable, ultra-high purity aluminium products in commercial quantities. The project is backed by substantial...
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Korea Zinc has announced its involvement in a government-backed project aimed at developing high-purity nickel sulfate for secondary batteries by 2028. The initiative, part of the “2024 Materials and Components Technology Development Project,” will focus on manufacturing nickel materials from low-purity nickel oxide ore for use in battery production. Korea Zinc will collaborate with 10...
READ MOREKodal Minerals has announced that it is on track to become the first company listed on the London Stock Exchange to produce lithium in West Africa. The company’s Bougouni Lithium Project in Mali is expected to begin production by the fourth quarter of 2024, marking a significant milestone for both the company and the region....
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Ivanhoe Mines has announced that its Kamoa-Kakula Copper Complex in the Democratic Republic of the Congo (DRC) achieved a new daily copper production record of 2,096 tonnes on August 31, 2024. This milestone comes as the complex nears the completion of its Phase 3 ramp-up, which is set to reach full steady-state production soon. In...
READ MOREAurubis, a major copper processor, has announced the sale of its Buffalo, New York, site to the Germany-based Wieland Group. The Buffalo facility employs around 500 workers and specializes in producing copper and copper alloy strips and sheets used across various product lines. While the sales price remains undisclosed, this move aligns with Aurubis’ strategy...
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In Asian trading on Tuesday, spot gold prices continued their downward trend, hovering around $2,495 per ounce. Investors are bracing for the release of key U.S. economic data, including the ISM Manufacturing Purchasing Managers’ Index (PMI), which is expected to impact the gold market. On Monday, spot gold closed down 0.14%, settling at $2,499.58 per...
READ MORERockfire Resources has reported a 500% increase in the JORC Mineral Resource estimate for its Molaoi zinc, silver, and lead deposit in Greece, making it one of the top 20 undeveloped zinc resources globally by tonnage, grade, and zinc equivalent metal content. The updated resource significantly surpasses the maiden resource announced in May 2022. The...
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Eurasian Resources Group (ERG) has finalized a pre-export financing agreement with the London branch of Bank of China Limited and Glencore International AG for the supply of copper from its Metalkol enterprise in the Democratic Republic of Congo. The agreement will allow ERG to raise up to $150 million to bolster its working capital and...
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Eurasian Resources Group (ERG), a Luxembourg-based diversified natural resources company, has announced a pre-export finance agreement with Glencore International AG and the London Branch of Bank of China Limited. This agreement will allow ERG to borrow up to $150 million, which will be used for working capital and other general corporate purposes. The financing is...
READ MOREIndonesia’s Deputy Foreign Minister, Pahala Mansury, has emphasized that Indonesia’s rapidly growing nickel industry should not be viewed as a competitor to Australia’s nickel sector. Ahead of his visit to Sydney, Mansury is advocating for closer ties between the two nations, particularly in the critical minerals and electric vehicle (EV) battery production sectors. Indonesia’s nickel...
READ MOREChina’s Sinomine Resource Group has announced that its Tsumeb Smelter in Namibia contains 746 metric tons of germanium, a vital mineral used in chipmaking, infrared technology, fiber optic cables, and solar cells. The company revealed plans to explore the feasibility of upgrading the existing copper smelting production line at the smelter to include germanium and...
READ MOREAvalon Advanced Materials has announced the completion of a Preliminary Economic Assessment (PEA) for its Lithium Hydroxide Processing Facility, known as the Lake Superior Lithium Project, located in Thunder Bay, Ontario, Canada. The PEA, conducted by DRA Americas Inc., highlights the project’s strong economic potential, with plans for an annual production capacity of 30,000 tonnes...
READ MORECentury Lithium has announced successful assay results from the first lithium carbonate produced at its newly commissioned lithium carbonate stage within the company’s Lithium Extraction Facility in Amargosa Valley, Nevada. The facility is a key component of Century Lithium’s 100%-owned Angel Island Project in Nevada. The initial startup tests yielded lithium carbonate with purity levels...
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The new zinc electrolysis plant in Verkhny Ufaley, located in the Chelyabinsk Region, is scheduled to commence operations in 2025, according to a report from the regional government. The plant is being constructed on the site of the former Ufaleynickel enterprise, which was a key industrial facility in the town before its closure in 2017....
READ MOREGoldman Sachs analysts have revised their copper price forecasts, citing changes in supply and demand dynamics this summer. Despite ongoing supply challenges, refined copper production has increased, while copper consumption has seen a notable decline. As a result, the significant reduction in copper inventories anticipated by Goldman Sachs is now expected to occur much later...
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Russian President Vladimir Putin has emphasized the critical importance of lithium extraction in the internal republic of Tuva, which holds the largest deposits of this vital metal in Russia. Speaking at a meeting focused on Tuva’s development, Putin noted that the region accounts for nearly 30% of the country’s lithium resources, positioning it as a...
READ MORECyprium Metals has secured a A$40 million (USD 27 million) senior loan facility from Glencore to support its corporate initiatives and the advancement of the Nifty copper complex near Port Hedland in Western Australia. The loan, which has a four-year term, will be used to fund early works, feasibility studies, and to repay an existing...
READ MORESibanye-Stillwater is set to report a significant drop in its interim earnings for the first half of 2024, with profits expected to plummet by nearly 100%. The company’s gold production decreased by 21%, while prices for platinum group metals (PGMs), particularly palladium, remained under pressure. Additionally, the company has recorded a R7.4 billion (USD 420...
READ MOREAlcoa is storing approximately 368 million cubic meters of caustic bauxite residue, known as red mud, across three refineries in Kwinana, Pinjarra, and Wagerup, Western Australia. The amount of waste, which could fill Perth’s Optus Stadium more than 350 times, has not been confirmed as stable according to recent assessments, raising significant concerns about the...
READ MORESibanye Stillwater, a South African mining company, announced that it expects to report a loss for the first half of 2024, driven by a 7.5 billion rand (USD 420 million) writedown on its U.S. assets. The company attributed this to falling palladium prices, which have impacted the profitability of its operations in the United States....
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BAIYU Holdings has announced a significant development through its subsidiary, BMYA New Energy Technology, securing a $60 million purchase and sales contract for electric lithium batteries with Feng’s Auto Parts, a U.S. auto parts supplier. This deal marks the entry of BAIYU’s proprietary lithium battery brand into the U.S. market, enhancing its position in the...
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