Fife Aluminium and Metal Company, a specialist in architectural aluminium and metal products, has more than doubled its production space by relocating to Glenrothes. Founded in 2016 by Dale Robertson, the company has moved from its original location in Lochgelly to two new units within Queensway Business Park, significantly expanding its capabilities. The move comes...
READ MOREUK Export Finance (UKEF) will now provide financial backing for overseas projects that source critical minerals essential to major UK industries, such as automotive, defence, and aerospace. This move aims to secure long-term access to materials like lithium, graphite, and cobalt, which are increasingly vital for emerging technologies, renewable energy, and the transition to net...
READ MOREThe Société générale des carrières et des mines (Gécamines) in the Democratic Republic of Congo (DRC) recently exported germanium concentrate to Belgium, marking the first time this precious metal has left the DRC in this form. The shipment is destined for Umicore’s Hoboken plant in Antwerp, a development reported by several Congolese media outlets. This...
READ MORELi-Cycle Holdings has strengthened its partnership with global commodities giant Glencore by finalizing a commercial agreement for the off-take of mixed hydroxide precipitate (MHP) produced at the Rochester Hub. This strategic deal ensures that Glencore will take 100% of the MHP output from the Rochester facility, which includes valuable metals like nickel and cobalt. The...
READ MOREAmerican gold mining company AngloGold Ashanti is set to acquire Centamin, a company registered offshore on the British island of Jersey. Shareholders from both companies have approved the deal, which is expected to be finalized by the end of November. The acquisition will be conducted through a share swap, with current shareholders of AngloGold Ashanti...
READ MOREJapanese trading house Sumitomo announced on Thursday that it had resumed production at the Ambatovy nickel and cobalt project in Madagascar at the end of October, following a pipeline issue in September. While production has restarted, the company is currently reviewing future output volumes. Sumitomo has faced challenges stabilizing production and improving profitability at Ambatovy,...
READ MOREEuropean Energy Metals Corp. has officially changed its name to Grit Metals Corp. following a resolution approved by the board of directors on October 18, 2024. The name change took effect on October 30, 2024, and the company’s common shares will commence trading under the new name at the market opening on November 4, 2024,...
READ MOREWolfden Resources Corporation has announced an option agreement to earn up to a 75% interest in the Rockland Property, located in the Walker Lane Trend of Nevada, USA. The 1,054-hectare property is located just south of Yerington and hosts a large, low-sulphidation, quartz-adularia epithermal gold-silver system. This system shares characteristics with nearby high-grade deposits such...
READ MOREIvanhoe Mines has announced its financial and operational results for the third quarter of 2024, reporting Adjusted EBITDA of $160 million, down from $203 million in the second quarter of 2024. The company, a leading Canadian miner with major projects in Southern Africa, continues to advance its key operations, including the Kamoa-Kakula Copper Complex and...
READ MOREGlencore has reiterated its full-year 2024 guidance, projecting Marketing Adjusted EBIT in the range of $3.0 billion to $3.5 billion, which remains around the top end of the company’s long-term guidance of $2.2 billion to $3.2 billion per year. Despite some production declines, the company remains confident in maintaining its projections for the year. Year-to-date...
READ MOREPlatinum-group metals (PGMs) include platinum, palladium, rhodium, and other metals prized for their durability, resistance to corrosion, and excellent catalytic properties. The automotive industry is the largest consumer of these metals, using them primarily in catalytic converters for vehicle exhaust systems. With a rebound and continued growth in auto production projected, particularly in developing markets,...
READ MORECanadian Copper announced on October 28 that it has signed a term sheet and exclusivity agreement to acquire the Caribou processing plant complex from the New Brunswick government for $6.2 million. The company has already made a deposit of $225,000, with the deal expected to close on July 11, 2025. According to Canadian Copper, this...
READ MOREThe U.S. government has expanded its Section 45X Advanced Manufacturing Production Credit to cover extraction and material costs, benefiting metal refiners while excluding pure mining companies. This change, part of the Inflation Reduction Act, was announced in final regulations by the Treasury Department and Internal Revenue Service (IRS). The 45X Advanced Manufacturing Production Credit aims...
READ MORESaudi Arabia has intensified its push into the global mining sector by establishing Manara Minerals, a company dedicated to investing in mines worldwide. Following its acquisition of a 10% stake in a subsidiary of Brazil’s Vale Group in 2023, Manara Minerals is now targeting the copper mines controlled by Canada’s First Quantum in Zambia. On...
READ MOREBHP, the world’s largest mining company, has shifted its focus to other growth opportunities after its unsuccessful attempt to acquire Anglo American earlier this year, Chairman Ken MacKenzie said on Wednesday. The company walked away from a \$49 billion bid in May after being rebuffed three times by Anglo American. The end of a six-month...
READ MOREAustralian startup Green Gravity has initiated studies to develop a 2GWh gravitational energy storage project in Northwest Queensland. Located in Mount Isa in the Gulf Country region, the project will be developed in partnership with Mount Isa City Council and global mining company Glencore, with a focus on regional studies, mine site concept engineering, and...
READ MOREAlcoa is “very bullish” on the outlook for aluminium as the energy transition drives increased demand, including a shift away from copper, CEO William Oplinger said on Wednesday. Speaking at a conference in Sydney, Oplinger highlighted that demand growth will be largely driven by the energy transition, with aluminium increasingly substituting for copper in certain...
READ MOREThe Aluminium Association of India (AAI), the apex body representing the leading aluminium producers in India, has submitted a pre-budget representation to the Department for Promotion of Industry and Internal Trade (DPIIT) under the Ministry of Commerce. The submission emphasizes aluminium’s crucial role in India’s economic growth, particularly as the nation aims to achieve the...
READ MOREA collaborative team from the Technical University of Berlin, HZB, IMTEK (University of Freiburg), and Siemens Energy has developed an alkaline membrane electrolyzer that shows promise in approaching the performance of established proton-exchange membrane (PEM) electrolyzers. The electrolyzer uses cost-effective nickel compounds for the anode catalyst, replacing the traditionally costly and rare iridium. The team...
READ MORECopper, the third most used metal globally, is crucial for the energy transition, particularly in electrification and renewable energy applications. Recent developments, including China’s stimulus measures, have led to significant volatility in copper prices, adding uncertainty to the metal’s future. China’s economic actions have been a major driver of this volatility. Copper futures are actively...
READ MOREThe U.S. Department of Energy (DOE) has closed a $2.26 billion loan to Lithium Americas Corp’s subsidiary, Lithium Nevada Corp, to support the construction of lithium processing facilities at Thacker Pass in Humboldt County, Nevada. The loan, part of the Biden-Harris Administration’s Investing in America initiative, aims to finance the project located adjacent to the...
READ MOREA conveyor belt carries raw cobalt for processing at the Etoile mine, operated by Chemaf Sarl, located in Katanga province near Lubumbashi, in the Democratic Republic of Congo. Along a 250-mile highway cutting through central Africa, thousands of flatbed trucks haul sheets of copper and sacks of cobalt hydroxide—materials essential for electric cars and other...
READ MORESouth African mining giant Anglo American continues to reorganize its copper mining activities across South America. One of the two copper mines at the Los Bronces complex in Chile has been temporarily closed for maintenance, as announced in late July 2024. The smaller Los Bronces mine, which contributes about 40% of the complex’s total capacity,...
READ MOREChinese battery manufacturer Gotion has announced plans to invest in a lithium battery project in Vietnam’s Vung Ang Economic Zone, located in Ha Tinh Province. Representatives from Gotion met with the Ha Tinh Economic Zone Management Authority in late October to discuss the development of this energy storage facility, which aims to optimize renewable energy...
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