Glencore aims to acquire full ownership of PolyMet Mining, the company developing a copper-nickel mine in northeastern Minnesota with Teck Resources. Currently holding 82% of PolyMet Mining, Glencore offered $71 million to increase its stake to 100%, making PolyMet a private entity. This proposal represents a 167% premium over PolyMet’s closing stock price on Friday,...
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Guangzhou Tinci Materials Technology, a prominent Chinese supplier of electrolytes and electrolyte chemicals for lithium batteries, has unveiled its plans to invest a substantial sum of $280 million in the construction of a new plant in Morocco. The facility, spearheaded by the company’s Singapore-based unit, Yicai Global, will focus on the production and sale of...
READ MOREThe Russian state corporation Rosatom has made a splash in Latin America: its subsidiary Uranium One has signed a framework agreement with Yacimientos de Litio Bolivianos to establish a complex for mining lithium salts and processing them into lithium carbonate in Bolivia. Rosatom’s attention to lithium is not accidental and implies far-reaching goals. The salt...
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Hindustan Copper Ltd is planning to issue a tender for the appointment of a Mine Developer cum Operator (MDO) to reopen and expand the Rakha Copper Mine in Jharkhand. The company recently held a stakeholders’ conference in June to address queries and concerns related to the reopening and expansion of the mine. Arun Kumar Shukla,...
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Imerys, the global leader in mineral-based specialty solutions, has acquired an 80% stake in British Lithium, paving the way for the establishment of the UK’s first lithium mine in Cornwall. With support from the UK Government, the two companies aim to combine their expertise to develop the mine. British Lithium has been conducting drilling and...
READ MOREThe London Metal Exchange (LME) is witnessing a renewed scramble for copper as its warehouse stocks continue to dwindle rapidly. Over the past three weeks, LME copper stocks have declined from 100,100 tonnes to 77,050 tonnes, despite receiving almost 30,000 tonnes of new arrivals. However, the incoming copper is being quickly turned around and shipped...
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Canadian mineral exploration company Genius Metals has announced its agreement to acquire a 100% stake in the Paka lithium property located in James Bay, Québec, Canada. The property consists of 189 contiguous claims covering over 97km² in the prospective Archean La Grande greenstone belt, just 15km south of the Trans-Taiga government road. As per the...
READ MOREThe International Monetary Fund (IMF) has recommended that the Indonesian government gradually eliminate its policy of imposing export bans on minerals. The IMF’s latest country report for Indonesia, released on Monday, emphasizes the need for a thorough analysis of costs and benefits before implementing such policies. It further suggests that export restrictions should not be...
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Glencore Plc, a prominent commodity trader, is currently engaged in advanced negotiations to support a lithium project in Argentina led by French mining company Eramet SA. According to insiders familiar with the matter, Glencore will enter into an offtake agreement with Eramet, offering financial assistance for the construction of the lithium processing plant in collaboration...
READ MOREACG, the world’s leading integrated pharma manufacturing solutions company, has announced its complete shareholding ownership of Technical Aluminium Foil Company (TAFC). This strategic move signifies ACG’s commitment to expanding its presence in the Middle Eastern and African markets, solidifying its growth trajectory. As a comprehensive provider of pharmaceutical manufacturing solutions, ACG offers a diverse range...
READ MOREShenyang Aluminum and Magnesium Engineering and Research Institute Co. Ltd. (SAMI) and EnPot Ltd, a New Zealand-based company, have signed an Intention to Cooperate Agreement in a ceremony held in Beijing, attended by New Zealand’s Prime Minister Chris Hipkins. The agreement reflects the shared vision of both companies to explore the application of EnPot’s patented...
READ MOREEndeavour Mining announced on Friday the sale of its 90% interests in the Boungou and Wahgnion gold mines in Burkina Faso for approximately $300 million. The move is part of the company’s strategy to prioritize higher quality assets. The buyer, Lilium Mining, a subsidiary of Lilium Capital, is an investment vehicle focused on African and...
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Modern technology makes it possible to chlorinate water for disinfection without using a single gram of chlorine. The substances needed are produced by electrolysis and special catalysts. And the use of advanced metals promises to make the process both cheaper and more efficient. Not just drinking water, but any water that people come into contact...
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NASA intends to commence mining operations on the Moon within the next decade, aiming to tap into its vast untapped resources, including oxygen, water, iron, and rare earth elements. The space agency estimates that the Moon holds “hundreds of billions of dollars” worth of valuable resources. The initial focus of the mining endeavor will be...
READ MOREResearchers at Tohoku University have achieved a significant breakthrough in shape memory alloys (SMAs) by developing a palladium-based metamagnetic shape memory alloy (MMSMA) with reduced energy loss. SMAs are materials that can return to their original shape after being heated or cooled, but their response rate is limited by the need for heating or cooling....
READ MOREResearchers from the University of Ulm and the University of Freiburg have developed a positive electrode material for aluminium-ion batteries using an organic redox polymer based on phenothiazine. The material has demonstrated a storage capacity of 167 milliampere hours per gram (mAh/g) in experiments, surpassing the capacity of graphite, which is commonly used in batteries....
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Rio Tinto, a global mining group, has announced a $1.1 billion investment to expand its AP60 aluminium smelter at Complexe Jonquière in Quebec, Canada. The expansion project will receive an additional $113 million in financial support from the Quebec government. This investment will enable Rio Tinto to increase its production of aluminium for various industries,...
READ MOREThe global nickel supply is expected to face a larger surplus this year as more Indonesian smelters, catering to the electric vehicle (EV) battery and stainless steel industries, come online. This surplus threatens to keep nickel prices below the record highs witnessed in 2022. In the previous year, nickel prices reached unprecedented levels due to...
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Norsk Hydro ASA, a Norwegian aluminium producer, has signed a power purchase agreement (PPA) with Statkraft through its affiliate, Hydro Energi AS. The PPA entails the delivery of 0.44 TWh of renewable power annually to Hydro’s aluminium plants in northeast Norway until 2038. This agreement will provide Hydro with a total of 6.6 TWh of...
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In San Miguel de Colorado, a poverty-stricken hamlet in northern Argentina, lies a vast reserve of lithium, a crucial mineral for the global transition to a green economy. International mining companies are eager to exploit this resource, but the predominantly Indigenous residents, who are among the poorest in the country, are concerned about the potential...
READ MOREKazakhstan and the European Union have agreed to strengthen cooperation in critical raw materials on the sidelines of the 13th international congress Astana Mining & Metallurgy held on June 1-2, reported the Ministry of Industry and Infrastructure Development. Minister of Industry and Infrastructure Development Marat Karabayev and Vice President of the European Commission Maroš Šefčovič...
READ MOREScientists of the Institute of Theoretical and Applied Mechanics SB RAS (ITPM) have mastered the technology of welding titanium alloy and aluminium, ITPM research head Academician Vasily Fomin said at a general meeting of the department on Friday. “Titanium alloy and aluminium – do not weld with each other. So it was suggested to put...
READ MOREThe situation in South Korea is interesting: South Korean battery manufacturers could be facing a shortage of copper. Specifically, there could be a shortage of foil made from the red metal as a result of its limited supply on the global market. Not surprisingly, copper foil is essential for the anodes of lithium-ion batteries used...
READ MOREThe London Metal Exchange (LME) and Qianhai Mercantile Exchange (OME) are jointly developing three new contracts. One will be for lithium carbonate, one for nickel sulphate and one for cobalt. They will be traded on OME, and transactions will be made in renminbi. And there are some interesting points here. The choice of lithium carbonate,...
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