Chile’s state-owned copper producer Codelco has applied for an environmental permit to extend the life of its Gabriela Mistral mine by more than 25 years. The proposed $800 million project would push the current closure date from 2028 to at least 2055, ensuring continued production at the Antofagasta region mine, which has been operational since...
READ MOREAccording to a survey by Shanghai Metals Market (SMM), China’s primary aluminium prices and input costs have declined, reflecting muted demand for the commodities. Bauxite emerged as the only exception, with its domestic price remaining stable and its imported price increasing by $0.08 per tonne to $105.84 per tonne. A00 Aluminium Ingot Price On December...
READ MORELithium Americas has announced the completion of its joint venture (JV) with General Motors Holdings to fund, develop, construct, and operate the Thacker Pass lithium project in Humboldt County, Nevada. The project aims to supply battery-quality lithium carbonate for the North American critical minerals supply chain. Under the terms of the JV, Lithium Americas retains...
READ MOREState funding for the Copperwood Mine project in Michigan’s Upper Peninsula has encountered another delay. The state Senate Appropriations Committee, chaired by Senator Sarah Anthony (D-Lansing), declined to vote on a proposed $50 million grant for the controversial project during its latest meeting. This marks the second time this year the funding has stalled. The...
READ MOREThe Indian National Trade Union Congress (INTUC) staged a protest on Friday at Chidambaranagar, demanding the reopening of the Sterlite Copper plant in Thoothukudi. The plant was closed following Supreme Court orders, but INTUC argues its revival could address significant employment and economic challenges in the region. Led by INTUC Working President Kathirvel, over 500...
READ MOREHorizon Copper has provided an update regarding the arbitration proceedings initiated by Entrée Resources Ltd. concerning its Joint Venture Agreement (JVA) with Oyu Tolgoi LLC (OTLLC) and Turquoise Hill Resources Ltd. on the Oyu Tolgoi copper project in Mongolia. On December 19, 2024, Entrée announced that an international arbitration tribunal delivered a partial final award...
READ MOREThe Federal Reserve’s decision to cut interest rates on Wednesday led to a sharp drop in gold prices, with spot gold tumbling over 2% to a one-month low. Spot gold closed the session down $60.36, or 2.28%, at $2,585.54 per ounce—the lowest level since November 18. The U.S. dollar index surged over 1% to a...
READ MOREBlack Cat Syndicate (ASX:BC8) has successfully poured its first gold bar at the restarted Paulsens Gold Operation in Western Australia. The milestone was achieved on December 22, following the refurbishment and commissioning of the site’s processing facility, completed on schedule and within budget. The Paulsens site, located 180 kilometers west of Paraburdoo, includes an underground...
READ MOREKGHM, a listed copper group, has outlined its production and financial expectations for 2025, with significant contributions from its domestic and international operations. According to a market filing, KGHM Polska Miedź, a key unit of the group, is projected to sell 572,900 tonnes of payable copper in 2025. The unit’s production targets include 392,300 tonnes...
READ MOREGreen Technology Metals has received a letter of interest from Export Development Canada (EDC) for potential project financing of up to C$100 million for the Seymour lithium project in Ontario. This marks a significant milestone for the development of what could become the first lithium mine in Ontario and the second in Canada. Seymour hosts...
READ MOREThe ongoing conflict between South Korea’s Korea Zinc and private equity firm MBK Partners has escalated, with both sides exchanging public criticisms over business strategies and governance. The dispute began in September when shareholder Young Poong, a co-founding family entity, joined forces with MBK Partners to make an unsolicited bid for a majority stake in...
READ MORESWA Lithium, a joint venture between Standard Lithium Ltd. and Equinor ASA, has announced the successful commissioning and operation of a pilot Direct Lithium Extraction (DLE) plant at the South West Arkansas Project. The facility, developed in partnership with Koch Technology Solutions (KTS), processes brine directly from the project site to validate engineering design parameters...
READ MOREEuropean Metals Holdings Limited has unveiled a substantial increase in the planned production of lithium chemicals from its Cinovec Project, underscoring its potential as a key player in the European Union’s push for lithium self-sufficiency by 2030. The revised plans show a 42% increase in the annual production of battery-grade lithium hydroxide monohydrate, now targeting...
READ MOREIndonesia is considering a substantial reduction in nickel ore production quotas in a bid to stabilize market prices, according to Bloomberg. The country’s nickel ore quota for 2024 could drop significantly from this year’s 227 million tons to 150 million tons. Reports indicate that the Indonesian government is engaged in internal discussions about the potential...
READ MOREJapan’s Sumitomo Chemical announced on Thursday that it will sell its 2.97% stake in the Brazilian smelter Nippon Amazon Aluminium to YKK AP for an undisclosed amount, marking its exit from the business of reselling imported aluminum ingots. The decision was attributed to the high profitability volatility caused by fluctuating international market conditions. Despite exiting...
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Nornickel, a top Russian miner and a leading palladium and nickel producer, has outlined varying outlooks for the markets of copper, nickel, platinum, and palladium in 2025, with different factors shaping supply and demand dynamics for each metal. Copper The global copper market, currently experiencing a surplus of 200,000 tonnes in 2024, is expected to...
READ MOREThe Husnes primary plant, located on the west coast of Norway, produces low-carbon extrusion ingot for the European construction and automotive industries. A new sow caster will provide flexibility to produce sow ingots during periods of lower demand for the plant’s primary products. “We continue to invest in the future of our Norwegian smelters, which...
READ MOREUS-based mining company Arcadium Lithium is grappling with legal disputes as shareholders have filed lawsuits alleging misrepresentation and negligence concerning Rio Tinto’s proposed $6.7 billion acquisition. These lawsuits, lodged in four separate US courts, aim to delay the transaction, but Arcadium is responding with supplemental disclosures to maintain the deal’s timeline. The lawsuits, filed in...
READ MOREChilean state-owned companies Codelco and Enami have finalized the sale of a 10% stake in the Quebrada Blanca mining property, with Codelco acquiring Enami’s share for $520 million. This transaction solidifies Codelco’s position in one of Chile’s most significant copper deposits. The deal, which follows the completion of a due diligence process, included a $338...
READ MORESouth Korea’s Lotte Energy Materials has announced it will supply advanced copper foil to Doosan’s business group for use in glass substrates, marking a significant step in the production of next-generation AI accelerators. The company will begin delivering grade-4 hyper very low profile (HVLP) copper foil to Doosan later this month, becoming the first in...
READ MOREThe sponge titanium market has seen a shift in its supply-demand dynamics, driven by production cuts and increased pre-holiday restocking activity. On December 18, sponge titanium prices rose for the first time since the downward trend began on May 14. This marks a significant development after nearly two months of flat pricing. According to SMM...
READ MOREThe SHFE lead 2412 contract reached delivery yesterday, reflecting ongoing challenges in the lead market. A combination of high social inventories of lead ingots and subdued downstream consumption has driven lead prices downward. This environment has also slowed the price increase of raw material battery scrap for secondary lead, with some smelting enterprises reducing their...
READ MORESouth32 Limited has issued an update regarding its Mozal Aluminium operations in Mozambique, as the company continues to navigate an evolving situation in the region. While the safety and wellbeing of its workforce remain a priority, the company confirmed that there have been no security incidents at the smelter. Recent road blockages in Mozambique have...
READ MORELyten, a leader in supermaterial applications and lithium-sulfur battery technology, has announced that it has received Letters of Interest from the Export-Import Bank of the United States (EXIM) for a funding package of up to $650 million. The funds will support the expansion of lithium-sulfur battery manufacturing in Silicon Valley, California, and Reno, Nevada, as...
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