Operations at Vale’s Onça Puma nickel plant in Ourilândia do Norte, Pará, have been temporarily suspended following damage to the local power transmission network caused by a severe windstorm on Saturday, October 5. According to Vale, the network is expected to be fully restored by October 15. Vale estimates that this interruption will reduce nickel...
READ MORESolus Advanced Materials, a South Korean company specializing in copper foil, has announced that its subsidiary, Volta Energy Solutions Canada, has finalized an agreement with Investissement Québec. The agreement secures financial incentives for the construction of the first copper foil plant in Canada, located in Quebec, to support the electric vehicle (EV) battery industry. The...
READ MOREUK-based startup Caldera has introduced a modular heat storage technology, Megacell, which uses a composite of recycled aluminium and volcanic rock to store heat for industrial processes and on-site photovoltaic energy. The technology is being promoted as a key tool for decarbonising industries by replacing conventional gas boilers with on-demand heat from renewable sources. Megacell...
READ MOREHindustan Zinc has released its production figures for the second quarter of FY25, showcasing a notable increase in both mined and refined metal production. In the first half of FY25, the company achieved its highest-ever mined metal production, reaching 519,000 tonnes, a 2% rise compared to the same period last year. Refined metal output also...
READ MOREIndonesia’s nickel production is expected to grow by 15% in 2024, a slower rate than previously forecast, according to a report by Macquarie Group. The British company’s managing director for commodity markets, Jim Lennon, noted that the production estimate for the year has been revised down to 2.20 million tons, from an earlier projection of...
READ MOREChariot is accelerating its plans to become a lithium producer by shifting focus to a pilot plant strategy at its Black Mountain lithium project in Wyoming. The company aims to supply spodumene concentrate to meet growing U.S. demand, responding to an expected rebound in lithium prices. This strategic pivot, away from large-scale exploration, follows internal...
READ MOREALRO, one of Europe’s largest aluminum producers, has announced the opening of its new aluminum processing facility, Cutsmart Systems, in Slatina, Romania. The facility, developed with an investment of RON 13.7 million (approximately USD 2.9 million), is designed to enhance ALRO’s production capabilities by providing precision cutting services tailored to various industries’ needs. The launch...
READ MOREStephen Rowland has been appointed as the new President of the International Copper Association (ICA), succeeding Shehzad Bharmal, Executive Vice President and COO of Teck Resources, who led the ICA for the past two years. Glencore, a prominent member of the ICA since 2013, remains actively involved in the organization, which serves as a global...
READ MOREBridgnorth Aluminium has embarked on a £2 million investment in new technology at its 66-acre site in Shropshire, marking a significant step in its long-term growth strategy. The company, which employs over 330 people, reported a 33% increase in sales in 2024 and is actively recruiting for an additional 10 roles to support its expansion....
READ MOREThe global production of refined copper rose 5.9% year-on-year to 16.1 million tonnes in the first seven months of 2024, while consumption increased by 2.9% to 15.57 million tonnes, according to a report released by the International Copper Study Group (ICSG). This led to a widening global surplus of 528,000 tonnes during the January-July period,...
READ MORERio Tinto has finalized the acquisition of Mitsubishi Corporation’s 11.65% interest in Boyne Smelters Limited (BSL), as announced on 30 September 2024. BSL operates the Boyne Island aluminium smelter in Gladstone, Australia. With this transaction, Rio Tinto’s ownership stake in BSL has increased to 71.04%. Rio Tinto expressed its commitment to collaborating with its joint...
READ MORENorwegian aluminum producer Norsk Hydro announced on September 25 that it has begun operations at an advanced aluminum scrap sorting facility in Michigan, USA, through its joint venture, Alsort. The facility, which uses proprietary sorting technology, is expected to provide Hydro with a stable supply of raw materials for the production of low-carbon aluminum products....
READ MORECapstone Copper Corp. announced that the Mantoverde Development Project (MVDP) has reached a significant milestone by achieving commercial production as of September 21, 2024. This milestone was met after the mill operated for 30 consecutive days at an average of 75% of its nameplate throughput capacity of 32,000 ore tonnes per day. Additionally, key metrics...
READ MORESince Hong Kong Exchanges and Clearing (HKEx) acquired the LME in 2012 for $2.2 billion, the exchange has aimed to open warehouses in China. Registering facilities in Hong Kong would be a key step towards this goal, as it would offer companies in the region a viable alternative to mainland storage. In a December 2023...
READ MORERusal, the world’s largest aluminum producer outside of China, anticipates that the global aluminum market could edge closer to balance by 2025. The company expects demand to rise, aided by lower borrowing costs and China’s economic stimulus measures, helping to reduce the current supply surplus. Russia’s Rusal, which accounts for 5.5% of global aluminum production,...
READ MOREKezad Group and UAE-based Azizi Developments have entered into a 50-year land lease agreement for the construction of 12 advanced factories in Kezad Al Ma’mourah (Kezad A). With an investment of AED 1 billion ($270 million) from Azizi Developments, the project will include facilities for a variety of manufacturing processes essential to the construction industry....
READ MORENornickel has signed a landmark agreement with RusHydro to purchase 10,000 carbon units, representing the largest transaction in Russia’s emerging carbon market to date, the miner said in a statement. The carbon units were generated as a result of converting Vladivostok Thermal Power Plant No. 2 from coal to natural gas. This transition significantly reduced...
READ MOREStB Giga Factory Inc, an Australian-Chinese joint venture, has officially inaugurated a PHP 7-billion ($124.6 million) production facility for lithium iron phosphate (LFP) batteries in the Philippines. The factory, located at the Filinvest Innovation Park in New Clark City, Tarlac province, will supply the renewable energy and automotive sectors. The manufacturing complex was opened on...
READ MORECanadian metals producer Barrick Gold Corporation has awarded a $78 million contract to Finnish company Metso for the supply of copper concentrator equipment for its Lumwana Copper Mine in Zambia. The agreement, announced on September 30, includes key equipment for grinding, flotation, thickening, feeding, and filtration, all of which will be deployed at Lumwana, one...
READ MORECopper prices fell on the London Metal Exchange (LME) on Monday as some investors booked profits, following a sharp rise driven by stimulus measures in China, the world’s largest consumer of metals. The three-month copper contract on the LME dropped 0.8% to $9,905.5 per metric ton after reaching $10,158, its highest level since June 7....
READ MOREGreen Lithium Refining Limited, a British low-carbon lithium refinery developer, announced on Tuesday that it has signed a memorandum of understanding (MoU) with mining giant Rio Tinto. The agreement aims to establish a commercial partnership to develop a lithium supply chain that will enhance the security of supply for the UK’s and EU’s automotive and...
READ MOREThe National Commission for Public Debate (CNDP) published its findings on Monday, September 30, regarding the proposed lithium mining project in Échassières, France, following five months of public debate. The project, known as EMILI, was announced in October 2022 by French mining company Imerys. It aims to develop France’s largest lithium deposit, with a planned...
READ MORERusal shareholders have voted in favor of not distributing dividends based on the financial results of the first half of 2024, according to a company statement. A total of 62.75% of shareholders who participated in the meeting supported the decision to withhold dividend payments for this period. This follows a trend from earlier votes, where...
READ MORE5E Advanced Materials, Inc., a boron and lithium producer based in Southern California, has announced it has received a non-binding Letter of Interest (LOI) from the Export-Import Bank of the United States (EXIM). The LOI outlines the possibility of establishing a debt facility of up to $285 million, which would be used for the commercial-scale...
READ MORE
