A recent study has found that there are approximately 823 million unused or broken electrical goods across the UK, containing up to 38,449 tonnes of copper. This quantity could supply 30% of the copper required to transition the country to a decarbonised electricity grid by 2030. Copper is a vital component for solar and wind...
READ MORESavannah’s partners in the Boticas lithium project, located in the Vila Real district, have set their sights on Portugal as a potential site for a new lithium refinery. AMG, the German company, recently opened a refinery in Germany, but its CEO has hinted at the possibility of establishing another refinery in Portugal. “Portugal has the...
READ MOREThe ENTISE project, focused on developing sodium-ion batteries for scalable industrial energy storage, has successfully commenced. Sodium-ion batteries are seen as a promising solution for a sustainable, resource-efficient future in energy storage. Sodium is not only inexpensive and abundant but also safe and easy to recycle. However, the challenge lies in translating this technology into...
READ MOREThe London Metal Exchange (LME) has onboarded Vedanta Aluminium as the first smelter in India to successfully implement the LME Passport program. This milestone makes Vedanta Aluminium not only the first in the country but also the fifth primary aluminium producer globally to establish a direct digital connection for Certificates of Analysis (CoA) submission to...
READ MOREGlobal mining giant BHP Group has turned its attention to Botswana’s copper resources following a failed £38.6 billion bid for Anglo American. Reports indicate that the primary motivation behind the bid was BHP’s desire to acquire Anglo’s copper mines, highlighting copper’s growing importance as the world shifts away from fossil fuels. BHP has stated on...
READ MORESouth Korea-based Posco Future M Co. has announced the production of nickel, cobalt, and aluminium (NCA) cathode materials at its Pohang factory, three months ahead of schedule. On October 12, the company successfully manufactured high-nickel materials with a nickel content of 88%, enhancing energy density and output, making them ideal for high-performance electric vehicle batteries....
READ MOREChina’s imports of unwrought copper increased in September compared to the previous month, driven by seasonal demand improvements and a positive consumption outlook for the industrial metal, according to customs data released on Monday. Imports of unwrought copper and related products reached 479,000 metric tons last month, marking a 15.4% rise from August, data from...
READ MOREFollowing the popularity of gold and silver, Costco recently added platinum bars to its lineup of precious metal offerings. Although platinum has not performed as strongly as gold and silver this year, its fundamentals remain solid. Platinum is a relatively newer commodity in the investment landscape. “Platinum is a ‘newer kid on the block’,” said...
READ MOREIvanhoe Mines, Inc. has reported record production figures for the third quarter of 2024 at its Kamoa-Kakula copper mine and Kipushi ultra-high-grade zinc mine, both located in the Democratic Republic of Congo (DRC). The Kamoa-Kakula mine, one of Ivanhoe Mines’ flagship projects, achieved a new milestone in the third quarter of 2024, producing a record...
READ MOREStolberg copper producer Aurubis has invested approximately €16 million in two new core units for its copper rolling mill in Stolberg. The Hamburg-based company aims to reduce energy consumption and CO2 emissions while increasing production capacity. With around 400 employees, Aurubis Stolberg specializes in producing high-precision copper and copper alloy strips and wires. The newly...
READ MOREChina’s aluminium consumption growth is expected to slow to slightly below 5% this year, compared to a 6% gain in 2023, as demand cooled during the third quarter amid economic challenges, despite robust growth from the energy and transportation sectors, local analysts reported to MNI. Gu Fengda, chief nonferrous metals analyst at Guoxin Futures, noted...
READ MOREPaulo Pires, a 50-year-old shepherd, enjoys spending his time in the meadows around Covas do Barroso in northern Portugal. Accompanied by his nine-year-old son Gonçalo, Pires tends to his flock of 190 sheep while enjoying the serene landscape of pastures, forests, and the sparsely populated hills. However, this tranquil way of life is under threat,...
READ MOREShanghai alumina futures soared to record highs on Friday, driven by ongoing global supply disruptions and strong Chinese demand, according to Bloomberg News. Alumina prices on the Shanghai Futures Exchange surged 6.4%, reaching 4,630 yuan per ton—the highest level since the contract’s debut in June 2023. The price spike was partly attributed to potential supply...
READ MOREZijin Mining has announced its acquisition of 100% ownership of the Akyem Gold Mine in Ghana, previously owned by Newmont, for $1 billion. Akyem, one of Ghana’s largest gold mines, began commercial production in October 2013 and has an annual processing capacity of 8.5 million tonnes. Over the past three years, gold output at Akyem...
READ MOREOn Thursday (October 10), despite U.S. Consumer Price Index (CPI) data coming in slightly higher than expected, poor performance in initial jobless claims led to a sharp decline in the dollar index, which drove gold prices higher. Spot gold experienced significant fluctuations, ultimately closing up $22.13, or 0.85%, at $2,629.84 per ounce. Ongoing tensions in...
READ MOREAmerican Resources Corporation’s subsidiary, ReElement Technologies, has signed a Memorandum of Understanding (MOU) with IRIS Metals Limited to produce battery-grade lithium carbonate in the United States. ReElement will apply its proprietary technology to convert spodumene concentrate (SC6) from IRIS Metals’ Beecher Lithium Project in South Dakota. This collaboration will transform IRIS Metals from an exploration...
READ MOREMetals Acquisition, which was believed to have considered acquiring the $1 billion Neves Corvo copper and zinc mine in Portugal, has decided not to proceed. Instead, the company announced plans to raise $140 million to reduce debt and “pursue strategic inorganic growth opportunities.” Sources also indicated that South32 had looked at the Neves Corvo asset...
READ MOREAllies led by the United States are seeking to leverage financial networks to increase investments in mineral projects, with the goal of securing a stable supply of critical resources for clean energy and high-tech industries. Jose Fernandez, U.S. Undersecretary of State for Economic Development, Energy, and the Environment, told Bloomberg that the Minerals Security Partnership...
READ MOREGlobal technology company ABB has signed a contract to deliver two mine hoists to Eti Bakır, Türkiye’s largest copper producer, to support operations at a new underground copper mine in the Maden district of Elaziğ. This agreement marks ABB’s first complete mine hoist installation in Türkiye. The new mine, currently under development, is expected to...
READ MORESpot gold fell nearly \$15 on Wednesday, as the release of the Federal Reserve’s latest meeting minutes prompted market expectations for steady interest rates in November, strengthening the U.S. dollar and putting pressure on gold prices. Gold closed down \$14.13, or 0.54%, at \$2,607.71 per ounce, with intraday lows reaching \$2,605.16 per ounce. According to...
READ MOREILJIN, a leading South Korean manufacturer of automotive and industrial bearings and chassis components, is making a major move into the aluminum forging market to expand its production capabilities. The company plans to invest nearly $100 million in a new forging facility in Auburn, Alabama, aimed at increasing its output of aluminum components. The new...
READ MOREFortuna Mining has announced production results for the third quarter of 2024 from its five operating mines in West Africa and Latin America. The company’s Q3 gold equivalent production totaled 110,820 ounces, down from 128,671 ounces in Q3 2023 and 116,570 ounces in Q2 2024. Gold production for the quarter reached 91,251 ounces, while silver...
READ MOREThe Ministry of Industry and Tourism has granted €30 million from the PERTE for industrial decarbonization to Cunext in Córdoba to support green copper production through recycling. The project also received an additional €5.3 million in incentives from the Regional Government of Andalusia. Banco Sabadell has established a €12 million confirming line linked to sustainability,...
READ MOREAmerican Resources Corporation’s subsidiary, ReElement, is expanding its production capabilities to produce rare earth oxides on a daily basis at its Noblesville Customer Qualification Plant, in addition to its ongoing lithium carbonate production. This expansion coincides with the company’s build-out phase of its large-scale Advanced Technology Center in Marion, Indiana. ReElement will produce both light...
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