Russia 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 MOREEmirates Global Aluminium (EGA), the world’s largest producer of premium aluminium, has extended its CelestiAL-R supply agreement with the BMW Group for the coming years. CelestiAL-R is notable for being the world’s first aluminium blend made using solar power and recycled metal, aligning with the growing industry demand for sustainable materials. The BMW Group utilizes...
READ MOREJiangxi Copper Company Limited, a prominent copper producer, has forecasted that its sales from processed nonferrous metals will reach \$47.06 billion over the next five years. Founded in 1997 and headquartered in Nanchang, China, the company is involved in the exploration, mining, milling, smelting, and refining of copper and related products across Mainland China, Hong...
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 MOREChina’s economic slowdown and declining sales of electric cars are driving short-term adjustments in copper demand and price expectations. After reaching $5.20 per pound on the Comex in May, copper prices fell back to the $4.20-$4.30 range, similar to the levels seen at the start of the year. As China consumes 55% of the world’s...
READ MOREArrow Minerals has announced significant progress in its drilling program at the Niagara bauxite project in Guinea, currently ahead of schedule. The Australian-based company has completed 86 out of a planned 150 drill holes, with the drilling phase now expected to conclude in late November 2024, earlier than initially projected. The first set of results...
READ MOREYoung Poong, the world’s sixth-largest zinc smelter, has been ordered to suspend operations at its Seokpo refinery facility for two months due to the unauthorized discharge of polluted wastewater. The shutdown is expected to impact the company’s ongoing attempt to secure ownership control of Korea Zinc, its affiliate and the world’s largest zinc producer. Earlier...
READ MOREMinerals Development Oman (MDO), through its subsidiary Mazoon Mining Company, has officially broken ground on the Mazoon Copper Project, the largest integrated copper concentrate production venture in Oman. The project, located in the Wilayat of Yanqul in Dhahirah Governorate, aims to establish Oman as a strategic hub for high-quality copper concentrate production, meeting growing global...
READ MOREVulcan Energy, an Australian start-up, has taken a major step towards lithium production for electric vehicle batteries in Germany. The company commissioned a demonstration plant on November 8 at the Frankfurt-Höchst industrial park, marking a significant milestone in its efforts to produce lithium hydroxide locally for European industry. The lithium hydroxide, a key component required...
READ MOREIran has reported a slight decline in aluminum output during the seven months to late October. According to figures released by the state-run metals and mining company IMIDRO, aluminum ingot production from the country’s four major smelters reached 352,423 metric tons (mt) by October 21, down from 367,091 mt during the same period last year....
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 MORESwiss copper alloy producer Ampco Metal has acquired the Schmelzmetall Group, a move aimed at enhancing its position within the industry and expanding its product offerings to the aerospace, defense, and other advanced technology sectors. According to a press release from Ampco Metal, the integration of Schmelzmetall’s sales department is expected to be finalized by...
READ MOREJérôme Baudelet, CEO of nickel producer Eramet Indonesia, predicts that Indonesia will become the world’s largest nickel producer in the next decade, thanks to significant increases in production volumes. In 2023, Indonesia supplied 55% of the world’s total nickel production, highlighting the country’s growing influence on the global nickel market. Baudelet expects that by 2034,...
READ MORECopper processing costs are on a downward trend, potentially reaching their lowest level in 15 years by 2025. This decline is driven by a combination of disruptions at mining operations and an increase in smelting capacity, primarily in China. The reduction in Treatment and Refining Charges (TC/RCs) for copper is expected to put significant pressure...
READ MOREAldebaran Resources has announced an agreement with Nuton Holdings Ltd., a Rio Tinto venture, allowing Nuton to acquire a 20% indirect interest in Aldebaran’s Altar copper project in Argentina. The staged option-to-joint-venture agreement could see Nuton invest up to $250 million in exchange for this stake, with payments scheduled over several phases. The financing agreement...
READ MOREChina’s cobalt powder production increased by 3.97% month-on-month in October, reaching 773.5 tonnes, while also rising 7.28% compared to the same period last year. From January to October, total production reached 7,978 tonnes, marking a year-on-year growth of 12.29%. In October, overall demand for cobalt powder was moderate, and the market saw the presence of...
READ MOREVulcan Energy has commenced production of lithium hydroxide at its Central Lithium Electrolysis Optimisation Plant in Frankfurt, Germany. The first lithium hydroxide has been successfully produced from high-purity lithium chloride, which is extracted from brines at Vulcan’s direct lithium extraction optimisation plant. This milestone marks the first sustainable production of lithium hydroxide fully domestically produced...
READ MOREJiaxin New Materials Company has successfully conducted a trial production of its new 7-series high-end aluminium alloy round ingot product. This development marks a major milestone for the China-based company as it expands its product line with a high-strength aluminium alloy designed for demanding applications. The newly developed alloy primarily uses zinc as its main...
READ MOREDespite intensified Western focus on reducing reliance on China, Europe’s economic dependence on the Asian giant has only deepened in recent years. EU imports from China reached €515.9 billion in 2023, encompassing many crucial products necessary for advanced economies. The European Union’s reliance on China is particularly concerning regarding critical raw materials (CRMs) needed for...
READ MOREZhejiang Huayou Cobalt, among the largest nickel producers globally, is in discussions with banks for $2.7 billion in financing for its Ford-backed battery-grade nickel project in Indonesia, sources familiar with the matter have indicated. The project aims to boost nickel production for electric vehicles. HSBC and Standard Chartered are arranging the loan and inviting additional...
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...
READ MOREOn October 15th, Inner Mongolia Weiwang Aluminum Products Processing officially began the trial production phase of its aluminium alloy ingot project. With an investment of RMB 100 million (approximately $13.7 million USD), the facility is set to produce 60,000 tonnes of aluminium alloy ingots annually, using 70,000 tons of recycled aluminium. The project began construction...
READ MOREAlbemarle announced plans to reduce its global workforce by 6% to 7% as part of a cost-cutting effort in response to a slump in lithium prices and weakening demand. The world’s largest lithium producer revealed that around 15% of its non-manufacturing employees would be affected, according to an earnings report released on Wednesday. In addition...
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