Copper production in Chile, the world’s largest copper producer, is forecasted to reach between 5.4 and 5.6 million tons in 2025, according to the National Mining Association (Sonami). This projection reflects continued optimism about the sector’s stability and growth. Chilean mining companies anticipate copper prices to range between $4.20 and $4.50 per pound next year,...
READ MOREThe U.S. Department of Energy (DOE) has announced $17 million in funding for projects aimed at advancing critical materials innovation while promoting sustainable, economic, and efficient supply chain solutions. Spanning 11 states, these initiatives focus on strengthening manufacturing processes for essential technologies such as hydrogen fuel cells, high-efficiency motor magnets, high-performance lithium-ion batteries, and power...
READ MOREGlobal copper smelting activity reached its highest level since February last month, as average smelter inactivity fell to 13.4%, down 2.7% from October, according to Earth-i’s Savant Global Copper Monitoring Index. The index, which tracks smelter performance using satellite data, highlighted significant gains outside of China, reversing typical trends. China, responsible for over 40% of...
READ MORENickel prices continue to struggle, recently hitting their lowest levels since 2020, as Indonesia’s surging production reshapes the global market. Despite rising demand from stainless steel and electric vehicle (EV) battery sectors, supply growth has outpaced expectations, leading to sustained market surpluses. Indonesia’s nickel smelting industry has grown dramatically since the government banned nickel ore...
READ MOREBritish mining company Savannah Resources has concluded the administrative easement process for its Minha do Barroso lithium project in Boticas, Portugal. This step grants the company immediate access to land within the C-100 Mining Concession, marking a key milestone for the project’s progression. Savannah had previously reached agreements to purchase over 100 plots of land...
READ MORERio Tinto has announced plans to expand the capacity of its Rincon lithium project in Argentina to 60,000 tonnes per year, aiming to leverage the favorable long-term outlook for lithium driven by the global energy transition. The London-based mining giant has approved a $2.5 billion investment in its first commercial-scale lithium operation, positioning lithium as...
READ MOREReElement Technologies, a subsidiary of American Resources Corporation, has successfully demonstrated the technical and economic feasibility of producing rare earth elements (REEs) from controlled carbon waste streams. This breakthrough leverages proprietary refining processes and abundant feedstock to unlock value from waste materials, with processing capabilities planned at the company’s Kentucky Lithium facility. Updated analyses of...
READ MORETalon Metals has been awarded a \$2.47 million contract by the U.S. Department of Defense (DoD) to advance research and development of novel techniques for extracting minerals from nickel sulphide ores and tailings. The 15-month initiative will focus on Talon’s Tamarack project, which includes an underground nickel-copper mine in Minnesota and a battery mineral processing...
READ MOREThe acquisition of Khoemacau Copper Mining by MMG has opened doors to realizing the full potential of this resource-rich project in Botswana. MMG, a global mining company with operations across four continents, brings the financial backing and technical expertise needed to drive growth and transformation. Logic Sebopeng, General Manager of the mine, described the acquisition...
READ MOREDevelop Global is making substantial progress on the redevelopment of its Woodlawn copper-zinc mine in New South Wales, with first production anticipated in the June quarter of next year. The refurbishment of the processing plant, now 50% complete, is being undertaken by GR Engineering Services (GRES) and Develop’s in-house team, positioning the mine for rapid...
READ MOREAmerican Rare Earths has announced a significant rare earth deposit discovery at its Halleck Creek project in Wyoming, USA, initially valued at $37 billion. The deposit contains critical minerals such as neodymium, dysprosium, praseodymium, samarium, and terbium, essential for manufacturing electronic devices, electric vehicles, wind turbines, and defense technologies. Notably, only 25% of the total...
READ MOREBolivia, home to the world’s largest lithium reserves, is struggling to compete with its South American neighbors Chile and Argentina in tapping into the lucrative lithium market. The region, known as the Lithium Triangle, holds about 60% of the global lithium supply, essential for producing batteries used in electric vehicles, smartphones, and renewable energy storage....
READ MOREAs the world accelerates towards green energy solutions, experts are raising concerns about an impending copper shortage that could threaten efforts to provide clean and affordable energy. Swiss bank UBS forecasts a supply deficit of over 200,000 tons by 2025, while the International Energy Forum emphasizes the urgent need for over a billion tons of...
READ MOREBHP, the world’s largest mining company, remains flexible in its approach to copper growth, whether through expanding its existing operations or pursuing acquisitions. Speaking on Thursday, Geraldine Slattery, BHP’s president of Australia, emphasized that the company is not strictly focused on either internal or external growth to increase its copper footprint. “Growth is certainly a...
READ MORERio Tinto appears to be focusing on developing its existing copper resources rather than pursuing new acquisitions to boost copper production, according to analysts from Morgan Stanley. Following an investor briefing, the analysts noted that Rio Tinto’s new copper chief, Katie Jackson, is concentrating on ramping up production at the Oyu Tolgoi mine and addressing...
READ MOREAustralian mining giant Rio Tinto has forecast a significant increase in consolidated mined copper production for fiscal year 2025, driven largely by a projected 50% surge in output from its Oyu Tolgoi operation in Mongolia. The company, traditionally reliant on iron ore profits, is pivoting its focus towards copper, anticipating a 3% annual growth from...
READ MOREChile has designated six additional sites for private companies to extract lithium, adding to the six priority areas previously announced in September, the mining ministry said on Thursday. The move aims to boost lithium production by encouraging private sector involvement in the mining of this critical battery metal. Chile, the world’s second-largest producer of lithium,...
READ MOREKazakhstan and the United Kingdom are advancing their partnership in the field of critical minerals, with British companies actively negotiating supply contracts with Kazakhstani producers of tungsten products. Six brokers from the UK and three end users are currently in talks to secure these materials, reflecting growing interest in strengthening supply chains for essential metals....
READ MOREActivist investor Palliser Capital has intensified its efforts to pressure Rio Tinto into abandoning its primary listing in London, demanding an independent review of the mining giant’s corporate structure in Australia, the Financial Times reported on Wednesday. Palliser initially called for Rio Tinto to drop its London listing and unify its corporate structure in Australia...
READ MOREForan Mining (TSX: FOM) has provided a construction update for its 100%-owned McIlvenna Bay copper-zinc mine, which is progressing toward initial production in the fourth quarter of next year. The project is located in Saskatchewan, about 65 kilometers west of Flin Flon, Manitoba. McIlvenna Bay hosts the largest undeveloped volcanogenic-hosted massive sulphide (VHMS) deposit in...
READ MOREThe cobalt market is currently under pressure, with supply outpacing demand and prices reflecting the shift. Cobalt sulfate prices have been gradually declining, suggesting a slowdown in demand, especially from China’s passenger electric vehicle (PEV) sector. This shift is attributed to the growing preference for lithium-iron-phosphate (LFP) batteries, which do not require cobalt. According to...
READ MOREA lesser-known metal, antimony, has experienced a 300% price rally this year, outpacing gains in gold, silver, and even Bitcoin. Western nations have embarked on a \$100 billion spending spree to replenish their military arsenals, including cruise missiles, artillery shells, javelins, and armored vehicles—all of which require antimony. However, the United States does not produce...
READ MOREThe volume of Russian aluminium imports to South Korea reached its highest level in over 12 years this October, according to calculations based on data from the Korean statistical service by RIA Novosti. In October 2024, South Korea’s purchases of aluminium from Russia totaled $96.5 million, marking the maximum monthly import volume since June 2012,...
READ MOREZinc prices are seeing increased volatility as tightening supply conditions leave buyers exposed to sudden changes in availability. Last week, the metal, which is widely used to galvanize steel, experienced turbulent trading on the London Metal Exchange (LME), ending almost 5% higher despite a 2.5% drop on Thursday. The price spike was driven by large...
READ MORE
