Scientists from the V.I. Vernadsky Institute of Geochemistry and Analytical Chemistry of the Russian Academy of Sciences (GEOKHI RAS) have developed a method to eliminate iron and other metals from low-grade aluminum raw materials, resulting in a product that meets industrial requirements. This breakthrough technique enables the extraction of aluminum from nepheline (a byproduct of...
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Russian miner Nornickel, which is switching its IT infrastructure to homebred solutions after some foreign software providers withdrew from Russia, started using services of the Yandex Cloud data platform to facilitate development of mining, geological modeling and infrastructure planning software, the company said. Previously, the company used its own servers for these tasks, but the...
READ MORENet long positions in copper on the London Metals Exchange (LME) have surged to a six-month peak, partially driven by dwindling Chinese copper inventory figures. However, industry insiders assert that this often-bullish signal does not necessarily align with the actual market conditions. China, the world’s largest consumer of copper, currently maintains a combined inventory of...
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Australian mineral exploration firm, Azure Minerals, has opted to reject a takeover proposition worth A$901 million ($583.4 million) made by Chilean chemicals company Sociedad Química y Minera de Chile (SQM). In a non-binding and condition-laden proposal, SQM entered confidential negotiations with Azure, offering A$2.31 per share as a takeover bid. Despite the offer, Azure Minerals...
READ MOREAutomaker Stellantis has revealed its decision to inject more than $100 million into California-based Controlled Thermal Resources as part of its growing involvement in the direct lithium extraction (DLE) sector. This move comes amid the global search for new electric vehicle battery metal sources, driven by the green energy transition and the U.S. Inflation Reduction...
READ MOREACG, a Mumbai-based integrated pharmaceutical manufacturing solutions company, has announced its complete ownership of Technical Aluminium Foil Company LLC (TAFC UAE). This strategic step underscores ACG’s expanding presence in the Middle Eastern and African markets, solidifying its growth trajectory. As the sole integrated provider of pharmaceutical manufacturing solutions globally, ACG offers an array of products...
READ MOREBAE Systems has reached an agreement to acquire Ball’s aerospace division, a significant player in the aluminium packaging industry, for $8.8 billion. This strategic move by the UK-based defense company aims to bolster its missile, space, and munition offerings during a period of increased government expenditure on weaponry. According to a regulatory filing on Thursday,...
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A technological revolution is underway in the segment of the mining industry that is closely linked to metallurgy — working methods that have remained unchanged for decades and centuries are giving way to new ones. Before our very eyes, robots are becoming human assistants and polluting industries are being transformed into clean ones. A number...
READ MOREUnicoin Inc., the entity behind the asset-backed cryptocurrency bearing the same name, has concluded an all-crypto acquisition of copper exploration rights and mineral privileges in Argentina. The deal, valued at $210 million, involves the purchase from Electroquímica Del Neuquen S.A. The acquisition, known as the Barda Gonzales Project, is located within Argentina’s Neuquen Province. In...
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Alaska Energy Metals Corp. has announced its acquisition of an extensive exploration database that encompasses more than $30 million worth of exploration activities conducted since 1995 at the Nikolai nickel-copper-cobalt-platinum group metal project in Alaska. The Nikolai project was initially discovered and explored by INCO Ltd. during the 1990s. Subsequently, Nevada Star Resources Ltd. took...
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US-based chemical company Albemarle has made a C$109 million ($81.17 million) investment in Canadian miner Arbor Metals’ St James Lithium camp located in Quebec, Canada. The St James Lithium Camp encompasses Arbor Metals’ Jarnet Lithium Project, which holds a prominent position within Arbor’s lithium portfolio. Arbor acquired the 3,759-hectare Jarnet project in January 2022 with...
READ MORECitibank has reportedly acquired substantial quantities of zinc on the London Metal Exchange (LME) and facilitated an advantageous agreement for storing the metal within LME-approved warehouses. Two sources familiar with the situation have disclosed this information. While the precise volume of zinc acquired by Citibank remains challenging to ascertain, zinc stocks in LME warehouses located...
READ MOREAluminium Bahrain B.S.C. (Alba) has unveiled a novel aluminium alloy, the 6060.HE, expanding its AA6060 aluminium alloy product line designed for aluminium extrusions. Developed through a partnership involving the University of Bahrain and Bahrain Aluminium Extrusion Company (BALEXCO), this new alloy incorporates scientific research from the University and leverages BALEXCO’s experience as a prominent regional...
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Multinational commodity trader and mining group Glencore has finalized the purchase of a 56.25% stake in the Mara copper and gold project in Argentina. This acquisition has been made possible through an agreement with Canada’s Pan American, resulting in Glencore obtaining full ownership of the site. The transaction is set to conclude during Q3, with...
READ MORERio Tinto has recently declared the achievement of significant agreements concerning the advancement of the Simandou iron-ore project located in Guinea. Within the Simfer joint venture, a collaboration involving Rio Tinto, the government of Guinea, and a consortium under the leadership of Chinalco, definitive agreements have been concluded with the Winning Consortium Simandou (WCS) and...
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London’s AIM-listed gold mining company, Chaarat Gold, is actively considering various financing avenues, which may include the sale of its sole operational mine, Kapan, situated in Armenia. The Chief Executive Officer, Mike Fraser, conveyed this information on Friday. Furthermore, the firm is engaged in ongoing discussions with investment management entity Xiwang, exploring a potential investment...
READ MOREAustralia’s mining industry has contributed a historic A$455 billion ($298.64 billion) in export revenue during the 2022–23 financial year, a recent report by the Australian Bureau of Statistics (ABS) has revealed. This remarkable figure accounts for two-thirds of the nation’s total export revenue and marks a notable 10.5% increase from the previous record set in...
READ MOREIn a strategic move to enhance its precious metals portfolio, Silvercorp Metals (TSX/NYSE: SVM), the Canadian mining company, has initiated a takeover deal for OreCorp (ASX: ORR), an Australian gold developer. Under the terms of the agreement, Silvercorp will acquire all outstanding shares of OreCorp for A15c in cash and 0.0967 of a Silvercorp share...
READ MOREIperionX Limited (NASDAQ: IPX, ASX: IPX) has reached a significant milestone in its quest to develop the world’s largest recycled titanium metal production facility in Virginia. The company has secured all necessary permits to commence construction and operations at the planned facility. These permits include the Industrial Wastewater Discharge permit issued by the Halifax County...
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Vale Base Metals (VBM) Ltd. has recently inked deals worth $3.4 billion with two Saudi Arabian-owned entities, marking a significant step towards the development of its base metals operations as an independent entity. The agreement will provide the necessary funding for VBM’s ambitious capital projects, focused on increasing the production of critical minerals essential for...
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LithiumBank Resources Corp. (TSX-V: LBNK) (OTCQX: LBNKF) has entered into a definitive asset purchase agreement with Pristine Lithium Corp. (Pristine Lithium) to sell its three lithium brine projects, Estevan, Kindersley, and South, located in Saskatchewan, Canada. “The strategic sale of our Saskatchewan assets to Pristine Lithium will expedite the unlocking of our Saskatchewan properties’ true...
READ MOREEureka Resources, in collaboration with SEP Salt & Evaporation Plants Ltd. successfully extracted 97% pure lithium carbonate from oil and natural gas brine with an impressive recovery rate of up to 90%. This achievement marks a major milestone in their mission to establish a sustainable lithium supply chain in North America. Moreover, Eureka’s patented water...
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SKC Co. has announced a strategic partnership with Japan’s Toyota Tsusho Corp. to establish a joint venture that will produce and supply battery-grade copper foil in North America, targeting the rapidly growing electric vehicle (EV) market. Under the memorandum of understanding, SK Nexilis Co., SKC’s subsidiary specializing in copper foil production, will join forces with...
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Galvorn, a remarkable material developed by Houston-based DexMat, is making waves in the green tech landscape. Stronger than steel, lighter than aluminum, and as conductive as copper, Galvorn presents itself as a promising alternative to rare and expensive copper, which plays a crucial role in electronics. Backed by a significant investment of over $20 million...
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