Rusal, one of the world’s largest aluminium producers, has announced a plan to optimize its aluminium production capacity in response to record alumina prices and the challenging macroeconomic environment. The initial stage of this capacity optimization program will involve reducing aluminium production by 250,000 tonnes. Currently, Rusal relies on purchasing more than a third of...
READ MOREZinc prices increased by 0.48% to settle at $3.38, driven by market speculation regarding potential production cuts and improved consumption levels. Spot premiums remained elevated, offering additional support to the market. Winter shutdowns in northern Chinese mines have prompted smelters to stockpile zinc ore to ensure stable production during the Chinese New Year, which typically...
READ MOREGlobal primary aluminium production rose by 3.5% month-on-month in October, reaching 6.22 million tonnes, according to data from the International Aluminium Institute. On an annual basis, October production also saw a slight increase of 1.3%, compared to 6.14 million tonnes recorded in the same month last year. The global daily average aluminium production for October...
READ MOREChile’s SQM, the world’s second-largest lithium producer, announced a 73% drop in third-quarter profit, driven by a significant decline in lithium prices due to a global supply glut. Despite increased sales volumes, the drop in lithium prices led to net profit for the quarter falling to \$131 million, below analyst expectations of \$162 million as...
READ MORECleanTech Lithium has successfully produced pilot-scale lithium carbonate using its direct lithium extraction (DLE) technology, marking a significant milestone for the company. This accomplishment positions CleanTech Lithium as a leader in applying DLE technology at the pilot scale, advancing its sustainable production goals. The process began with the shipment of four tanks containing 88 cubic...
READ MOREVulcan Energy and BASF have signed a memorandum of understanding to explore geothermal energy usage at BASF’s Ludwigshafen facility in Germany. The partnership aims to leverage natural geothermal heat to provide a renewable energy source for BASF’s largest production site, and could also benefit surrounding urban areas like Frankenthal and Ludwigshafen. The project is intended...
READ MOREExxonMobil and LG Chem have signed a non-binding memorandum of understanding (MOU) for a multiyear offtake agreement involving up to 100,000 metric tons of lithium carbonate. The lithium is planned to be sourced from ExxonMobil’s upcoming U.S.-based project and supplied to LG Chem’s cathode plant in Tennessee, which is expected to be the largest such...
READ MORECirba Solutions, a leading battery recycling and materials management company, has achieved a significant milestone in expanding its lithium-ion processing facility in Lancaster, Ohio. The expanded facility will produce battery-grade metal sulfates and lithium carbonate, which will serve as raw materials for precursor cathode active materials (pCAM) and cathode active materials (CAM) to support the...
READ MOREGlobal production of refined copper rose by 4.1% year-on-year to 20.50 million tonnes during January to September, while consumption increased by 2.5% to 20.14 million tonnes. This resulted in a widening surplus of 359,000 tonnes for the first nine months of the year, compared to a surplus of just 42,000 tonnes during the same period...
READ MOREAluminum prices were flat in early Asian trade, with investors watching for the impact of China ending its export tax rebates on semi-manufactured aluminum products. Analysts from ANZ Research noted that Chinese fabricators have been rushing to export ahead of the upcoming rebate cut scheduled for December. Some shipments are being expedited at the request...
READ MOREGlobal mining giant Glencore is tapping into a new quarry—not in the earth, but in America’s junk drawers, old phones, and landfills—in its bid to meet the surging demand for copper driven by the energy transition and data boom. Outside its 97-year-old copper smelter in Quebec, Canada, shredded electronics, obsolete computer cables, and scrapped vehicles...
READ MOREA potential conflict with China poses a significant threat to the U.S. military, particularly if Beijing decides to restrict exports of antimony—a key metal crucial to the American military’s arsenal. Antimony (Sb) is one of the best-performing commodities this year, and its restricted supply could jeopardize military readiness. Antimony miners in Western-friendly nations are currently...
READ MOREPeru’s copper production fell by 1.2% in September compared to the same month last year, reaching 232,423 metric tons, according to data released by the Ministry of Energy and Mines on Tuesday. Peru, one of the world’s largest copper producers, produced 2.76 million metric tons of copper last year. The monthly decline in copper production...
READ MOREEchion Technologies and CBMM have officially launched the world’s largest production facility dedicated to Echion’s XNO active anode material. Located in Araxá, Brazil, this new facility aims to revolutionize the lithium-ion battery industry by enabling ultra-fast charging and improved performance. The strategic partnership between Echion and CBMM played a key role in bringing the facility...
READ MORESigma Lithium, a major lithium producer, reported strong operational progress for the third quarter, achieving its production target and maintaining some of the lowest cash unit operating costs in the lithium industry. During Q3, Sigma produced 60,237 tons of its Quintuple Zero Lithium Concentrate, a 22% increase from the previous quarter and slightly above its...
READ MOREGEP Ecotech, a provider of metal recycling solutions, has supplied an advanced aluminum recycling production line to the largest aluminum company in North America. The new system is designed to process baled scrap aluminum by breaking it down, shredding it, and removing contaminants to prepare the material for smelting. The recycling production line includes various...
READ MOREAsahi Kasei Battery Separator Corporation has taken a significant step in supporting the North American electric vehicle (EV) market by beginning construction on a new lithium-ion battery separator manufacturing facility in Port Colborne, Ontario, Canada. The facility is expected to begin commercial production in 2027, subject to obtaining all necessary permits and approvals. It will...
READ MOREIran produced 352,423 tons of aluminum ingots during the first four months of the current Iranian calendar year (March 20 – October 21), according to data from the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO). In the previous year, the country produced 367,091 tons of aluminum ingot over the same seven-month period....
READ MOREAluminum prices are anticipated to stay elevated throughout 2024 as a tightening market balance emerges, with global demand growth outpacing supply, according to BMI, a unit of Fitch Solutions Group. In a report released this week, BMI forecasts that aluminum demand will increase by 3.2% year-on-year in 2024, reaching 70.35 million tonnes, while supply growth...
READ MOREOn Thursday, Critical Metals provided an update on the Wolfsberg Lithium Project, located in Austria. Tony Sage, CEO and Executive Chairman of Critical Metals Corp, highlighted significant progress not only with the Wolfsberg Project but also with the company’s rare earth asset in Greenland. Sage emphasized the ongoing development plans for the Wolfsberg Project and...
READ MORENew capacity for converting bauxite into alumina is expected to come online next year, potentially easing the current tight supplies and halting the record-breaking price rally of this key material used in aluminium production. Higher alumina prices outside China have turned the country, the world’s largest producer and consumer, into a net exporter this year...
READ MOREOmani authorities are advancing plans to establish an Integrated Economic Cluster for Aluminium Industries in the Wilayat of Suhar, a region already at the heart of substantial aluminium-related investments. The Oman Vision 2040 Implementation Follow-Up Unit is spearheading this initiative, collaborating with various government ministries and agencies to move the project forward. The planned cluster...
READ MOREPort Said for Engineering Works, a subsidiary of the Suez Canal Authority, has announced plans to construct an $80 million aluminum foil factory in the Suez Canal Economic Zone (SCZone) in partnership with an undisclosed Chinese investor, according to Al Borsa. The feasibility studies for the project have recently been approved, and construction is expected...
READ MOREKlockner & Co has announced plans to construct a new aluminum flat-rolled processing facility on the campus of Aluminum Dynamics LLC in Columbus. The new facility is intended to expand Klockner’s product and service portfolio, with ramp-up expected in the fourth quarter of 2026. This investment aims to enhance the company’s growth in both the...
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