Nexans has announced plans to invest more than €90 million ($95 million) in the development of an advanced copper recycling plant at its Lens site in northern France, with completion expected by 2026. This investment, in partnership with Continuus Properzi, aims to significantly boost production capacity and foster a more sustainable copper supply chain, which...
READ MOREGlobal primary aluminium production, including estimated figures for China, totaled 6.007 million tonnes in September 2024, an increase compared to 5.930 million tonnes in the same month last year. This corresponds to an average daily output of 200,200 tonnes, up from 197,700 tonnes per day in September 2023, and unchanged from the previous month. The...
READ MOREVSMPO-AVISMA reported a 0.44% decrease in revenue under Russian Accounting Standards (RAS) for the period of January to September 2024, totaling 72.3 billion rubles ($769 million), compared to the same period last year. The company’s cost of sales rose by 17.5% to 48.609 billion rubles ($517 million), according to its financial statements. Key profit metrics,...
READ MORESouth32 reported mixed production performance for the first quarter of its financial year, while maintaining its annual output guidance. The Perth-based mining company saw a rise in aluminium production but reported declines in other areas, including silver and lead. Aluminium output increased by 3.5% year-on-year to 298,000 tonnes in the three months ending September 30,...
READ MOREMorgan Stanley analysts Rahul Anand and Shannon Sinha believe that the recent disruption at BHP Billiton’s Olympic Dam copper operations is unlikely to have a significant impact on either the company or the wider market. In a report, the analysts estimated that while it remains unclear how long the mining and processing operations will be...
READ MOREThe Philippines’ nickel production is expected to rebound next year, driven by increased demand for the metal, better weather conditions, and a more favorable policy environment with the anticipated enactment of a rationalized mining fiscal regime. Dante Bravo, a member of the board of trustees of the Chamber of Mines of the Philippines and president...
READ MORESociété du Terril de Lubumbashi (STL), a 100% subsidiary of Générale des carrières et des mines (Gecamines), is set to export the first shipment of germanium concentrate processed entirely within the Democratic Republic of Congo. This milestone marks the first time germanium from the slag at the Lubumbashi Terril has been locally processed and exported,...
READ MOREVedanta-owned Hindustan Zinc reported a 35% increase in net profit for the July-September period, reaching ₹2,327 crore (approximately $280 million). This result exceeded the ₹2,256 crore ($272 million) predicted by a CNBC-TV18 poll, despite an exceptional loss of ₹83 crore ($10 million) during the quarter. The company’s revenue for the quarter rose by 22% year-on-year...
READ MORESibanye-Stillwater announced the suspension of operations at its Century mine in Queensland, Australia, due to regional bushfires that caused significant damage to surface piping infrastructure. The South African precious-metals miner reported extensive loss of feed and water lines connecting the hydro mine to the processing plant, along with other key service lines. The company has...
READ MOREMining major Vedanta Ltd announced on October 18 plans to invest ₹1 lakh crore (approximately $12 billion) in Odisha, marking the largest investment ever in the eastern state and creating 200,000 new jobs. The investment will be directed towards establishing a 6-million-ton-per-annum alumina refinery and a 3-million-ton aluminum plant, with a focus on producing green...
READ MOREBarrick Gold reported preliminary third-quarter production of 943,000 ounces of gold and 48,000 tonnes of copper, along with preliminary sales of 967,000 ounces of gold and 42,000 tonnes of copper. The company continues to anticipate a materially stronger fourth quarter, aiming to achieve its full-year gold and copper production guidance. The average market price for...
READ MOREVale announced on Wednesday, October 16, in a statement to the Brazilian Securities and Exchange Commission (CVM), that the power supply to the Onça Puma plant was re-established on Tuesday night, October 15, as anticipated. According to the mining company, ramp-up of operations has now begun, with normalization of activities expected over the next few...
READ MORERio Tinto announced its production results for January to September 2024, highlighting a 1% year-on-year increase in aluminum production, totaling 2.46 million tons. Bauxite production, the raw material for aluminum, increased by 9% to 4.32 million tons, with 30.31 million tons sold externally. However, alumina production declined by 5%, reaching 5.31 million tons. Recycled aluminum...
READ MORECopper mining giant Antofagasta reported a fifteen percent increase in third-quarter production, while maintaining expectations for full-year output to reach the lower end of its guidance range. Copper production totaled 179,000 tonnes for the three months ending September 30, up 15.3% from the second quarter. Year-to-date output stands at 463,700 tonnes, down 1.2% compared to...
READ MOREOn October 15, President of Uzbekistan Shavkat Mirziyoyev reviewed the progress of the Yoshlik-1 deposit development in Almalyk, along with the construction of the third copper processing plant based on this deposit. The Almalyk Mining and Metallurgical Combine (AMMC) is a leader in the extraction of non-ferrous, rare, and precious metals. In 2023, the combine...
READ MOREIn the medium term, aluminum supply is expected to remain constrained, according to analysts at BofA Securities. This is largely due to China’s production cap of 45 million tonnes per year. The bank forecasts that global aluminum supply will increase at a rate of only 2.1% annually from 2023 to 2026, while demand is projected...
READ MORERio Tinto reported aluminum production of 809,000 tonnes for the third quarter of 2024, marking a two percent decrease from the previous quarter and a two percent decline compared to the same quarter last year. Despite the decrease, the company is maintaining its full-year aluminum production guidance of 3.2 to 3.4 million tonnes. This information...
READ MORENupur Recyclers Limited (NRL) announced today its expansion into aluminum extrusion manufacturing through a $2.16 million (₹180 million) investment in its subsidiary, Nupur Extrusion Private Limited. The move aims to capitalize on the growing demand for recycled materials in the solar energy and construction sectors. Shares of Nupur Recyclers Limited (NRL) were trading at $1.64...
READ MOREFPX Nickel has successfully completed pilot-scale hydrometallurgical refinery testwork, producing battery-grade nickel sulphate from its Baptiste Nickel Project. This development represents a significant step forward in demonstrating the technical feasibility of refining awaruite concentrate at the Baptiste site. The testwork campaign was partially funded by a grant from Natural Resources Canada under the Government of...
READ MOREAlcoa has announced a new agreement to supply up to sixteen and a half million metric tons of smelter-grade alumina to Aluminium Bahrain (Alba) over the next decade. The agreement, which will commence in 2026 and run through 2035, allows Alba to procure alumina primarily sourced from Western Australia, ensuring a consistent and reliable supply...
READ MORESouth Korea-based Posco Future M has announced the production of nickel, cobalt, and aluminium (NCA) cathode materials at its Pohang factory, three months ahead of schedule. On October 12, the company successfully manufactured high-nickel materials with a nickel content of 88%, which enhances energy density and output, making them ideal for high-performance electric vehicle batteries....
READ MOREFreeport Indonesia has suspended copper cathode production at its Manyar smelter following a fire that broke out on Monday, the company’s chief executive confirmed in an interview with Kompas TV on Tuesday. Chief Executive Tony Wenas stated that the duration of the production halt will depend on the outcome of an ongoing investigation into the...
READ MOREThe ENTISE project, focused on developing sodium-ion batteries for scalable industrial energy storage, has successfully commenced. Sodium-ion batteries are seen as a promising solution for a sustainable, resource-efficient future in energy storage. Sodium is not only inexpensive and abundant but also safe and easy to recycle. However, the challenge lies in translating this technology into...
READ MOREThe London Metal Exchange (LME) has onboarded Vedanta Aluminium as the first smelter in India to successfully implement the LME Passport program. This milestone makes Vedanta Aluminium not only the first in the country but also the fifth primary aluminium producer globally to establish a direct digital connection for Certificates of Analysis (CoA) submission to...
READ MORE
