The ratio of Kazakhstan’s proven gold reserves to the country’s gold production currently stands at 1.2, indicating that explored gold reserves exceed current production levels, according to Minister of Industry and Construction Kanat Sharlapayev. This means that Kazakhstan’s gold reserves are in a healthy state, with more being discovered than is being extracted. For copper,...
READ MORENorway has decided to suspend plans to issue licences for deep-sea mining in 2024, following opposition from environmental groups and international institutions. This decision was announced by the Socialist Left Party, a key ally of the centre-left minority government, on Sunday. The suspension was agreed upon in exchange for the party’s support of the government’s...
READ MOREHemerdon Mine, located on the outskirts of Plymouth, Devon, has called on the UK government for support in extracting one of the world’s largest tungsten deposits. According to company executives, the mine, operated by Tungsten West since 2019, holds the second largest deposit of tungsten globally. Tungsten is a critical mineral with high demand in...
READ MOREChina has announced a ban on exports to the United States of minerals related to gallium, germanium, and antimony that could have military applications, according to a statement by its commerce ministry on Tuesday. This announcement comes a day after the United States took steps to further restrict China’s access to advanced semiconductor technology. Beijing’s...
READ MOREThe Washington-based Recycled Materials Association (ReMA) has filed a lawsuit against the Minnesota Department of Commerce over a law that is set to be enforced in 2025 regarding the sale of copper for recycling. Local Minnesota media reports indicate that ReMA has taken legal action against Grace Arnold, in her capacity as commissioner of the...
READ MOREThe follow-up meeting concerning Alcoa’s plant in San Cibrao, located in the municipality of Cervo (Lugo), is scheduled to take place in Madrid on December 9 at 11:30 a.m. This meeting will involve representatives from the company, workers, and relevant administrative bodies. The works council, which has long advocated for this meeting, confirmed the date,...
READ MOREKazakhstan is positioning itself to play a greater role in global production of rare and rare earth metals, drawing interest from the European Union (EU) as both parties explore potential partnerships. To maximize collaboration, experts suggest that Europe must align its green energy diplomacy with Kazakhstan’s local needs. A recent government meeting, led by Kazakh...
READ MOREStarting December 1, 2024, China will cancel export tax rebates for certain aluminum and copper products, effectively increasing export costs for these materials. In the short term, this policy change is expected to drive up production costs for aluminum and copper processing companies, potentially leading to export losses and forcing companies to adjust their product...
READ MOREThe Australian government will introduce legislation on Monday to implement production tax incentives for renewable hydrogen and critical minerals, aiming to boost investment in the sector and contribute to energy transition plans. The proposed law will establish a tax incentive worth 10% of relevant processing and refining costs for 31 critical minerals from the fiscal...
READ MOREThe government of Tamil Nadu has stated that it has not received any application from Hindustan Zinc Limited (HZL), a subsidiary of Vedanta, for permission to mine tungsten across 5,000 acres in Madurai district. Furthermore, the state has not granted any such approval, a position reaffirmed on Thursday amid concerns about the ecological impact. The...
READ MOREIndonesia is tightening supplies of nickel ore to protect smaller local miners as the global market for the battery metal faces a prolonged slump, according to French miner Eramet. The move has affected the world’s largest nickel mine, operated by Eramet in North Maluku province, after Indonesia allocated it a sales quota that was 29%...
READ MOREElon Musk has ascended to a powerful position within President-elect Donald Trump’s inner circle, but for the critical minerals sector, Musk has long been a key market mover. The Tesla CEO has wielded his influence—amplified by his social media platform X (formerly Twitter)—to call for more lithium processing, push for increased nickel production, and invest...
READ MOREA potential conflict with China poses a significant threat to the U.S. military, particularly if Beijing decides to restrict exports of antimony—a key metal crucial to the American military’s arsenal. Antimony (Sb) is one of the best-performing commodities this year, and its restricted supply could jeopardize military readiness. Antimony miners in Western-friendly nations are currently...
READ MOREBHP has announced plans to invest over $12 billion to expand its copper operations in Chile, focusing on the Escondida and Spence mines in the Antofagasta region. The investment aims to counter an expected production decline between 2027 and 2030. At the same time, the company faces worker protests over alleged labor abuses. Alexis Barrera,...
READ MOREThe Ministry of Commerce, Industry & Investment Promotion has launched the Aluminium Initiative in Suhar, in the North Al Batinah Governorate. This ambitious project aligns with Oman’s Industrial Strategy 2040, aiming to diversify the economy and promote sustainable industrial growth. The initiative seeks to create an integrated economic cluster focused on downstream aluminium industries, emphasizing...
READ MOREKorea Zinc, the world’s largest producer in the non-ferrous metals sector, has had its patented technology for processing secondary battery precursors officially recognized by the South Korean government as a national core technology. This designation means that the government will manage the technology with special oversight, particularly in matters of mergers and acquisitions involving foreign...
READ MOREOmani authorities are advancing plans to establish an Integrated Economic Cluster for Aluminium Industries in the Wilayat of Suhar, a region already at the heart of substantial aluminium-related investments. The Oman Vision 2040 Implementation Follow-Up Unit is spearheading this initiative, collaborating with various government ministries and agencies to move the project forward. The planned cluster...
READ MOREIndustry sources indicate that the incoming Trump US administration is planning to adopt a stricter approach toward allowing Chinese-owned or operated raw materials, such as nickel, to qualify for credits under the Inflation Reduction Act (IRA). Washington insiders told Fastmarkets that one of the new administration’s early actions will likely be to tighten the Foreign...
READ MORESecuring nickel that complies with the Inflation Reduction Act (IRA) requirements is expected to become even more challenging. The US president-elect, Donald Trump, is likely to adopt a zero-tolerance approach to allowing Chinese-owned or operated supplies of raw materials like nickel to qualify for IRA credits. Washington sources told Fastmarkets that one of the first...
READ MORERussia has proposed resource cooperation in the management of subsurface resources to African countries, Russian Natural Resources Minister Alexander Kozlov announced at the Russia-Africa Partnership Forum in Sochi. The proposal aims to strengthen collaboration in mineral exploration, leveraging Russia’s expertise and extensive mineral reserves to assist African nations in tapping into their own resources. Minister...
READ MOREDonald Trump’s return to the White House after defeating Kamala Harris has generated waves of speculation across various economic sectors, including significant interest from the aluminium industry. Now serving as the 47th President of the United States, Trump’s history of implementing protectionist policies is making industry experts wary of potential shifts under his new administration....
READ MOREA critical minerals agreement with the United States could help reduce the Philippines’ dependence on Chinese and Indonesian exports and enable the country to focus on producing nickel suitable for battery use, according to Nickel Asia Corp. President and CEO Martin Antonio G. Zamora. Speaking at the Pilipinas Conference 2024, Zamora explained that China, the...
READ MOREThe Saudi Export-Import Bank (Saudi EXIM) has signed a $300 million credit facility agreement with Glencore to support Saudi Arabia’s expanding mineral exports. The deal is part of efforts to boost Saudi non-oil exports by enabling the marketing of Saudi mineral products in over 156 global markets. The signing took place in Geneva, Switzerland, during...
READ MORENorsk Titanium has received continued funding to develop and refine its production process for nickel superalloy components aimed at US Department of Defense (DoD) applications. The company’s patented Rapid Plasma Deposition (RPD) technology is being used to create aerospace-grade structural titanium and is now expanding its capabilities to produce nickel superalloys. The funding supports Norsk...
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