Hindustan Zinc has released its production figures for the second quarter of FY25, showcasing a notable increase in both mined and refined metal production. In the first half of FY25, the company achieved its highest-ever mined metal production, reaching 519,000 tonnes, a 2% rise compared to the same period last year. Refined metal output also...
READ MOREIndonesia’s nickel production is expected to grow by 15% in 2024, a slower rate than previously forecast, according to a report by Macquarie Group. The British company’s managing director for commodity markets, Jim Lennon, noted that the production estimate for the year has been revised down to 2.20 million tons, from an earlier projection of...
READ MOREThe global production of refined copper rose 5.9% year-on-year to 16.1 million tonnes in the first seven months of 2024, while consumption increased by 2.9% to 15.57 million tonnes, according to a report released by the International Copper Study Group (ICSG). This led to a widening global surplus of 528,000 tonnes during the January-July period,...
READ MORECapstone Copper Corp. announced that the Mantoverde Development Project (MVDP) has reached a significant milestone by achieving commercial production as of September 21, 2024. This milestone was met after the mill operated for 30 consecutive days at an average of 75% of its nameplate throughput capacity of 32,000 ore tonnes per day. Additionally, key metrics...
READ MORERusal, the world’s largest aluminum producer outside of China, anticipates that the global aluminum market could edge closer to balance by 2025. The company expects demand to rise, aided by lower borrowing costs and China’s economic stimulus measures, helping to reduce the current supply surplus. Russia’s Rusal, which accounts for 5.5% of global aluminum production,...
READ MOREStB Giga Factory Inc, an Australian-Chinese joint venture, has officially inaugurated a PHP 7-billion ($124.6 million) production facility for lithium iron phosphate (LFP) batteries in the Philippines. The factory, located at the Filinvest Innovation Park in New Clark City, Tarlac province, will supply the renewable energy and automotive sectors. The manufacturing complex was opened on...
READ MORE5E Advanced Materials, Inc., a boron and lithium producer based in Southern California, has announced it has received a non-binding Letter of Interest (LOI) from the Export-Import Bank of the United States (EXIM). The LOI outlines the possibility of establishing a debt facility of up to $285 million, which would be used for the commercial-scale...
READ MOREAnton Alikhanov, Minister of Industry and Trade of the Russian Federation, took part in the official launch of a new aluminum cap production line at Arnest Packaging Solutions in the Moscow region. Joining him at the event were Ekaterina Zinovieva, Deputy Chairman of the Moscow Region Government, Alexey Sagal, President of Arnest Group, and Alexander...
READ MOREZijin Mining Group has announced its unaudited interim results for the first half of 2024, reporting substantial growth in production and profitability despite a turbulent global economic environment. The company’s revenue was buoyed by higher metal prices, particularly for gold and copper, as well as increased production volumes across its major mining projects. During the...
READ MORERio Tinto is aiming to start copper extraction at the massive Resolution deposit in Arizona by the late 2020s, according to CEO Jacob Stausholm in a recent interview with Bloomberg TV. The Resolution deposit, one of the world’s largest untapped copper resources, is estimated to hold more than 1.2 billion tons of ore at depths...
READ MOREChina’s aluminium industry is poised for increased output as demand remains robust and power supplies improve. However, rising costs for essential raw materials like bauxite and alumina are expected to limit producer profits, posing challenges for the country’s aluminium sector. Improved power availability, especially in Yunnan province, will support higher production levels. Analysts from Shanghai...
READ MOREAlcoa of Australia has extended power supply arrangements for its Portland Aluminium Smelter through mid-2035, securing new agreements with AGL that will allow the facility to approach full production capacity. The smelter, which is currently operating at around 80% of its 358,000-ton annual capacity, now has greater certainty about its long-term prospects. The newly announced...
READ MOREThe London Metal Exchange has started accepting nickel deliveries from the Norilsk Nickel Harjavalta plant in Finland—of Russian mining giant Nornickel—ending the temporary halt that started in July 2024. This was not due to sanctions but also a delay in performing an audit to confirm the reliability of metal supplies coming into LME warehouses. Nornickel...
READ MOREGlobal alumina production held steady in August, reaching 12.51 million tons, according to the International Aluminium Institute. The output was virtually unchanged both from July’s figures and from the same period last year. Daily average global alumina production saw a slight increase, reaching 403,612 tons in August, compared to the revised figure of 403,581 tons...
READ MOREHindustan Copper (HCL) is moving forward with major expansion projects aimed at increasing its copper mine production capacity to 12.2 million tons per annum (MTPA), a move that will significantly enhance India’s domestic copper output. One of the key components of this expansion is the development of an underground mine beneath the existing open cast...
READ MORESpot gold prices surged to a new record of $2,685.58 per ounce during Thursday’s trading session, driven by a weakening U.S. dollar and escalating geopolitical tensions. Gold closed the day up $15.68, or 0.59%, at $2,672.23 per ounce, marking a continuation of gold’s upward trend. FXStreet analyst Christian Borjon Valencia attributed gold’s rally to factors...
READ MOREAurubis prepares for lower copper demand Next year we should expect a lower level of demand for copper. The metal is used in various industries and construction. This is supported by the fact that the European metallurgical giant Aurubis notified its customers that it will set a $228 per tonne premium for copper in 2024....
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In a surprising move, Alcoa has chosen to “temporarily” shut down the only operational department in the Aluminum factory of San Cibrao, Foundry. This decision was attributed to soaring energy costs and diminishing orders from customers. The abrupt move has drawn the ire of the plant’s committee, which has hastily arranged a plenary session tomorrow...
READ MORECourt Decision: In August, the economic court of Donetsk region recognized “Ukrtsink” from Kostyantynivka as bankrupt, as noted in the court register. Historical Background: The enterprise, which was once a significant player in non-ferrous metallurgy, ceased operations in 2002. From its assets, new entities like “SP Lead” and “Zinc” emerged. “Ukrzinc” was established in Konstantinovka...
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Connecting New Depths: Nornickel has started mining operations at the Glubokaya mine within Skalisty, reaching an unprecedented depth of nearly 2 km. Glubokaya, it should be noted, translates as “Deep” from Russian. The achievement comes after successfully linking two independent vertical shafts: a ventilation shaft and a skip-cage shaft at -1943 meters, a first in...
READ MORECheck out a recap of the most important mining news from the past week: Gates and Bezos will be searching for copper in Zambia Zambia is among the world’s largest suppliers of copper ore, with approximately 1 million tons of ore (in terms of refined copper) being extracted from its mines out of the 22...
READ MORECheck out a recap of the most important mining news from the past week: China Increases Winged Metal Production Primary aluminum production in China demonstrated strong growth in August, increasing by 3.1% compared to the same month in 2022, reaching 3.6 million metric tons. In comparison to July 2023, it surged by 3.4%. This significant...
READ MORECheck out a recap of the most important mining news from the past week: WPIC Raises Global Platinum Deficit Forecast to Record 1 Million Ounces in 2023 The deficit in the global platinum market will most likely top 1 million ounces this year due to strong demand growth from carmakers and other industries amid flat...
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Chris Griffith, a seasoned figure in the African mining sector with leadership roles at Amplats and Kumba Iron Ore, both subsidiaries of Anglo American, is set to take the reins at Vedanta Resources. He will assume the position of CEO for the base metals division and President of international operations, starting October 2. Griffith’s purview...
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