Jinchuan 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...
READ MOREAuthorities in Vietnam’s northern province of Bac Giang have granted licenses to two China-invested projects with a total pledged capital of $83 million, according to the Provincial Industrial Zones Authority. HongKong Xinwei Electronic Co., Limited has received approval to build a $58-million facility for manufacturing lithium batteries for electronic items such as computers and phones,...
READ MOREThe company released its third-quarter report for 2024, revealing revenue of 9.919 billion yuan ($1.36 billion), a year-on-year decline of 16.86%. Net profit attributable to shareholders was 217 million yuan ($29.8 million), while net profit after deductions stood at 135 million yuan ($18.5 million). Despite the overall revenue decline, the profitability of the pre-baked anode...
READ MORECopper products manufacturer Wieland Group has commissioned a solar park in Erbach, southern Germany, which will generate 29 GWh of renewable electricity annually. The company announced on Monday that it has invested nearly EUR 20 million ($21.7 million USD) in the project, which includes the installation of approximately 48,000 solar modules, 82 inverters, 14 transformer...
READ MOREGlobal refined copper production increased by 5.1% year-on-year to 18.33 million tonnes from January to August 2024, while consumption rose by 2.5% to 17.8 million tonnes, the International Copper Study Group (ICSG) reported on Tuesday. This growing gap between production and consumption led to a surplus of 535,000 tonnes, up significantly from the 75,000-tonne surplus...
READ MOREPolish mining giant KGHM reported mixed results for its production and sales in September 2024, according to a market filing on its preliminary figures. The company’s copper sales reached 65,600 tonnes, representing an 8% year-on-year increase, while payable copper production rose by 3% to 61,400 tonnes. Silver production experienced a decline, with payable silver output...
READ MORETaseko Mines announced that construction at its Florence copper project in Arizona is now nearly 40% complete, keeping the first production target on track for the fourth quarter of 2025. Since construction began earlier this year, the Canadian miner has logged nearly 300,000 work hours without any reported injuries or environmental incidents. There are currently...
READ MORENexans 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...
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