According to the International Aluminium Institute, global primary aluminium production in 2024 is poised to surpass the previous year’s total, setting a new annual record. By the end of November 2024, global primary aluminium output had reached 66.522 million tonnes. To exceed the 2023 total of 70.716 million tonnes, December’s production needs to exceed 4.194...
READ MOREKGHM, a listed copper group, has outlined its production and financial expectations for 2025, with significant contributions from its domestic and international operations. According to a market filing, KGHM Polska Miedź, a key unit of the group, is projected to sell 572,900 tonnes of payable copper in 2025. The unit’s production targets include 392,300 tonnes...
READ MOREThe global refined copper market recorded a surplus of 287,000 tonnes in the January-October period of 2024, up from 9,000 tonnes in the same period last year, according to the International Copper Study Group (ICSG). Refined copper production rose 3.7% year-on-year to 22.77 million tonnes, while consumption increased by 2.5% to 22.48 million tonnes. In...
READ MOREAqua Metals announced advancements at its pilot facility near Reno, focusing on the performance and scalability of its proprietary Li AquaRefining process. The company also confirmed the closure of a $1.5 million bridge loan to support operations while pursuing long-term financing and strategic initiatives. In December, the facility completed its first extended operational campaign, highlighting...
READ MORESouth Korea’s Lotte Energy Materials has announced it will supply advanced copper foil to Doosan’s business group for use in glass substrates, marking a significant step in the production of next-generation AI accelerators. The company will begin delivering grade-4 hyper very low profile (HVLP) copper foil to Doosan later this month, becoming the first in...
READ MOREThe sponge titanium market has seen a shift in its supply-demand dynamics, driven by production cuts and increased pre-holiday restocking activity. On December 18, sponge titanium prices rose for the first time since the downward trend began on May 14. This marks a significant development after nearly two months of flat pricing. According to SMM...
READ MOREThe SHFE lead 2412 contract reached delivery yesterday, reflecting ongoing challenges in the lead market. A combination of high social inventories of lead ingots and subdued downstream consumption has driven lead prices downward. This environment has also slowed the price increase of raw material battery scrap for secondary lead, with some smelting enterprises reducing their...
READ MOREChina’s primary aluminum production reached a record 3.7 million tons in November, marking a 3.6% year-on-year increase, according to the National Bureau of Statistics (NBS). Cumulative production for the first 11 months of 2024 amounted to 40.2 million tons, up 4.6% compared to the same period last year, driven by robust export demand. Meanwhile, data...
READ MOREGanfeng Lithium Group has commenced production at the first phase of its Goulamina spodumene project in southern Mali. The project, one of Africa’s largest lithium mines, has an annual production capacity of 506,000 tons of lithium concentrate. Situated on a 100-square-kilometer site, the Goulamina project boasts a total explored ore resource of 211 million tons,...
READ MOREIran produced 400,425 tons of aluminum ingots between March 20 and November 20, 2024, according to the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO). This marks significant progress for the country’s aluminum sector, which plays a pivotal role in supporting downstream industries such as automotive manufacturing, construction, and packaging. IMIDRO, a major...
READ MOREAlumina prices soared to record levels in late 2024, surpassing $780 per tonne in both China and Australia, driven by supply disruptions and robust demand. Prices increased by more than 70% over the year, highlighting the alumina market’s growing vulnerability to supply shocks. While new projects planned for 2025 could help restore balance, the intermediate...
READ MOREBattery Mineral Resources (BMR) has announced the continued production and shipment of copper concentrates from its Punitaqui mineral processing facility in Chile. Between September and November 2024, the company supplied a total of 2,755 dry metric tonnes (DMT) of copper concentrates, marking significant progress in its production targets. Of the total, 1,131 DMT were delivered...
READ MOREChina’s aluminium production increased by 3.6% year-on-year in November, reaching 3.71 million metric tons, according to data from the National Bureau of Statistics. The rise in output, attributed to newly added capacity in Xinjiang and resumed operations in southwestern China, occurred despite declining industry profits. Daily aluminium production in November averaged 123,667 tons, marking a...
READ MOREJapanese buyers are likely to face aluminium premiums above $200 per metric ton throughout 2025 due to tightening supply in Asia, according to trading house Marubeni Corp. Japan, a key aluminium importer, sets the regional benchmark for primary metal shipment premiums, agreed quarterly over the London Metal Exchange (LME) cash price. In the current quarter,...
READ MORELithium prices have declined sharply over the past two years due to slowing demand and oversupply, but the long-term outlook for the sector remains positive as forecasts predict a significant supply shortfall by 2030. The anticipated deficit is driving substantial investments aimed at scaling production capacity. On December 12, 2024, Rio Tinto announced a $2.5...
READ MORERusal, a Moscow-based aluminum producer, is a leading player in the processed alumina and aluminum market. With operations spanning bauxite mining, alumina refining, and aluminum production, the company leverages renewable hydroelectric power to manufacture 90% of its aluminum, significantly reducing greenhouse gas emissions. Rusal’s processed alumina and aluminum revenues reached $11.93 billion in 2023, constituting...
READ MOREYuma County, Arizona, may soon host a groundbreaking solar-powered cobalt production facility. EVelution Energy, a local company, has announced receiving a non-binding letter of interest from the Export-Import Bank of the United States for a potential $200 million loan. This funding would support the construction and operation of the facility, which aims to bolster domestic...
READ MORELithium chemicals manufacturer Lepidico Limited has become the latest casualty of the global oversupply of lithium, with KordaMentha appointed as administrators. The company’s board of directors named Richard Tucker and Paul Pracilio of KordaMentha as Voluntary Administrators for Lepidico Limited and its subsidiaries, including Lepidico Holdings, Bright Minz, Li-Technology, Mica Exploration Areas, and Silica Technology....
READ MOREIn November 2024, domestic aluminum production in China increased by 2.74% year-on-year (YoY), according to SMM statistics. Cumulative production for the January-November period rose by 3.86% YoY. Despite the overall growth, some aluminum smelters faced challenges such as pot maintenance due to high pot age and environmental protection-related production cuts during the winter season. While...
READ MOREIndia’s copper demand reached 1,700 kilotonnes (kt) in FY2024, marking a 13% year-on-year increase, according to a release from the International Copper Association India (ICA India). This surge is attributed to the country’s overall economic expansion, with average annual copper demand growing by 21% per year post-pandemic. Domestic production of copper cathodes also rose by...
READ MOREThe United States Geological Survey (USGS) has reported domestic primary aluminum production of 54,600 metric tons (t) in September 2024. The average daily production for the month was 1,820 t, remaining consistent with August 2024 but showing a 9% decline compared to September 2023 and a 10% drop from September 2022. Total aluminum recovered from...
READ MOREAlumina Limited, an Australian mining company specializing in bauxite mining and alumina refining, has forecasted its processed alumina and aluminum sales to grow from $4.32 billion in 2023 to $5.5 billion within the next five years. This projection represents a compound annual growth rate (CAGR) of 6.77%, driven by operational restructuring and recovery from the...
READ MORENippon Denkai has announced the closure and liquidation of its copper foil manufacturing plant in the United States, marking the end of domestic production of this material. Denkai America Inc., the US-based subsidiary of the Japanese company, will cease operations just two years after significant investments were planned to revitalize the facility. The company cited...
READ MOREGlobal copper smelting activity reached its highest level since February last month, as average smelter inactivity fell to 13.4%, down 2.7% from October, according to Earth-i’s Savant Global Copper Monitoring Index. The index, which tracks smelter performance using satellite data, highlighted significant gains outside of China, reversing typical trends. China, responsible for over 40% of...
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