Hudbay Minerals is advancing its Copper World project in Arizona, positioning itself as a key U.S. supplier of critical minerals for renewable energy. The $1.3 billion project comprises seven deposits and is expected to produce 85,000 tonnes of copper annually over a 20-year mine life. A feasibility study is scheduled for completion next year, with...
READ MOREJinchuan Group announced that its mining business produced 47,183 tonnes of copper during the first nine months of 2024, marking a year-on-year decrease of approximately 2%. The decline was attributed to an unstable power supply from the Democratic Republic of Congo’s national power grid during this period. Copper sales also dropped to 41,368 tonnes, representing...
READ MORESwedish company Granges has announced the acquisition of a plant for producing cast aluminium parts and rolled aluminium sheets in the Shandong province of China. The acquisition comes as part of a partnership agreement with Shandong Innovation Group (SIG) signed on May 31, 2024. The deal aims to strengthen Granges’ presence in the East Asian...
READ MOREAluminium Ingot prices saw significant increases in late October, with notable price hikes reported in Germany and the United States. These increases have been driven by supply chain disruptions, rising raw material costs, and growing operational expenses. In Germany, Aluminium Ingot prices rose by over 2% after Emirates Global Aluminium (EGA) announced a suspension of...
READ MORESouth Africa-based mining multinational Impala Platinum Holdings (Implats) reported a 5.5% year-on-year decrease in output, producing 947,000 ounces of platinum group metals (PGMs) in the quarter ending September 2024. Managed production volumes dropped by 6% to 751,000 ounces, while joint venture production rose by 3% to 145,000 ounces, according to the company’s first-quarter production report....
READ MOREChilean state-owned company Codelco reported a production output of 918 thousand tonnes of copper from January to September this year, reflecting a 4.9% decrease compared to the same period last year. Despite the overall decline, the third-quarter production reached 338 thousand tonnes, representing a 2% increase compared to last year’s third-quarter output. Codelco, the world’s...
READ MOREFife 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 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 MORESWA Lithium, the joint venture between Standard Lithium and Equinor, has entered a license agreement with Koch Technology Solutions (KTS) for the use of its Li-Pro™ Lithium Selective Sorption (Li-Pro LSS) technology at the South West Arkansas (SWA) Project. This technology will be deployed at the commercial plant for the first phase of the SWA...
READ MOREAnglo American Platinum reported a 22% increase in its refined production of platinum group metals (PGMs) in the third quarter of 2024, reaching 1.1 million ounces. This growth in refined output comes despite a drop in metal-in-concentrate production, which was down 10% to 922,300 ounces for the same period. The company has confirmed its 2024...
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