Regions

  • Peru’s Copper Production Drops 1.2% in September Amid Lower Output from Key Mines

    BY Lara Browne
    Peru’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...
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  • Prony Resources Prepares to Restart Nickel Production in New Caledonia

    BY Sophia Schmitz
    Nickel miner Prony Resources New Caledonia is gearing up to restart production after a six-month suspension caused by civil unrest in the French territory. The company, which operates the Goro mine and a plant producing battery-grade nickel, has brought its staff back to the facilities as it prepares for a resumption of activities, according to...
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  • Kico Mining Plant in Kipushi Reopens After 30 Years of Inactivity

    BY Lara Browne
    On Sunday, President Félix Antoine Tshisekedi inaugurated the Kico mining plant in Kipushi, reopening the site after over three decades. The revitalization is a joint venture between Ivanhoe Mines and Gécamines, aiming to produce 100,000 to 140,000 tonnes of high-grade crude zinc annually. The restart is expected to generate jobs and support infrastructure improvements, benefiting...
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  • CATL Announces Second-Generation Sodium-Ion Battery, Aiming for 2025 Launch

    BY John Davis
    Chinese battery giant CATL has announced the development of its second-generation sodium-ion battery, set to launch in 2025. Speaking at the World Young Scientists Summit, CATL’s chief scientist Wu Kai unveiled the new battery, which aims to enhance performance, particularly in cold conditions, and provide an alternative to lithium-ion technology. CATL’s new sodium-ion battery will...
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  • Copper Prices Rise as Dollar Eases, Market Weighed by China Concerns

    BY Sophia Schmitz
    Copper prices edged higher on Tuesday as the U.S. dollar rally paused, although concerns over demand from China and potential U.S. tariffs continued to weigh on the market. Three-month copper on the London Metal Exchange (LME) rose 0.5% to $9,114.50 per metric ton by 0320 GMT, while the most-traded December copper contract on the Shanghai...
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  • Northvolt Sells California Plant to Lyten Amid European Expansion and Financial Challenges

    BY Sophia Schmitz
    Northvolt, a Swedish company specializing in energy storage solutions for electric vehicles, has announced the sale of its California plant to Lyten, a U.S. start-up focused on lithium-sulfur battery technologies. The decision is part of Northvolt’s strategy to concentrate its resources on the European market and bolster its industrial ambitions in the region. As part...
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  • US Gold Corp Secures Final Permit for CK Gold Project in Wyoming

    BY Lars Jensen
    US Gold Corp. (Nasdaq: USAU) has cleared a major hurdle in the development of its CK gold project by securing approval from the Wyoming Department of Environmental Quality (WDEQ) for its air quality permit. This permit represents the final condition required under the mine operating permit issued earlier this year. The other two conditions—the project’s...
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  • Aluminum Prices Stabilize Amid Changing Market Dynamics

    BY Sophia Schmitz
    The Aluminum Monthly Metals Index (MMI) posted a modest 1.38% increase from October to November, as aluminum prices moved sideways throughout October. Although aluminum prices only rose by 0.99% during the month, they managed to outperform other base metals, such as copper, nickel, zinc, and tin, which saw more significant declines. However, prices began slipping...
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  • Hydro Begins Onsite Solar Production to Decarbonize German Aluminium Plants

    BY Sophia Schmitz
    Aluminium and renewable energy company Hydro has launched a new initiative to decarbonize its aluminium plants in Germany by starting local, onsite solar energy production and implementing energy efficiency measures. The first solar photovoltaic (PV) systems in Offenburg have been completed and are now in interim operation. In addition to Offenburg, Hydro’s facilities in Rackwitz...
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  • Gold Prices Rebound as Russia-Ukraine Tensions Boost Safe-Haven Demand

    BY Lara Browne
    Gold prices surged on Monday, climbing 1.9% to close at $2,611.73 per ounce after six consecutive days of losses. The increase came as the U.S. dollar paused its rally, and renewed uncertainty from the escalating Russia-Ukraine conflict rekindled demand for safe-haven assets. FXStreet analyst Christian Borjon Valencia noted that gold rebounded from a two-month low...
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  • Aluminium Prices Rise on LME While SHFE Drops Amid China Export Tax Changes

    BY John Davis
    Aluminium prices on the London Metal Exchange (LME) rose on Tuesday, while prices on the Shanghai Futures Exchange (SHFE) declined. The market is reacting to China’s recent announcement to remove a 13% export tax refund for certain aluminium products starting December 1. Three-month aluminium on the LME was up 0.6% at $2,623 per metric ton...
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  • Asahi Kasei Breaks Ground on Battery Separator Plant in Ontario to Support EV Market

    BY Lars Jensen
    Asahi 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...
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  • Billionaire Dirk Rossmann Increases Stake in Aurubis Amid Takeover Speculation

    BY Sophia Schmitz
    Drugstore magnate Dirk Rossmann has once again expanded his stake in Aurubis, a leading copper manufacturer. His investment firm, Rossmann Beteiligungs GmbH, now controls around 20.7% of Aurubis, up from approximately 17%, according to a mandatory disclosure on Monday. This ongoing increase in ownership has fueled market speculation about a potential takeover. Rossmann, founder of...
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  • African Lithium Production Set to Surge Amid Price Fluctuations

    BY Lara Browne
    After a year of declining lithium prices due to a surplus market, some analysts are optimistic that the market will recover by 2030. For African nations, keeping development on schedule will be critical as they look to capitalize on the anticipated resurgence. Countries such as Zimbabwe, Nigeria, and others are positioning themselves to increase lithium...
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  • Albemarle CEO Warns Pivoting Away from China for Lithium Supply Chains May Be Unfeasible

    BY Lara Browne
    Kent Masters, CEO of Albemarle, the world’s largest lithium producer, has expressed concerns about shifting critical mineral supply chains away from China in North America and Europe, calling it economically impractical under current market conditions. “We were trying to pivot to the West… the prices we see in the market don’t really allow us to...
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  • Gold Advances After Worst Weekly Decline Since 2021 as Dollar Eases

    BY John Davis
    Gold prices advanced on Monday after experiencing their steepest weekly drop since 2021, as the U.S. dollar eased and traders assessed the potential for Federal Reserve rate cuts given Donald Trump’s anticipated return to the White House next year. Spot gold climbed more than 1% to above $2,597 per ounce, following a loss of more...
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  • Korea Zinc’s Battery Precursor Technology Recognized as National Core Technology

    BY Lara Browne
    Korea Zinc, the world’s largest producer in the non-ferrous metals sector, has had its patented technology for processing secondary battery precursors officially recognized by the South Korean government as a national core technology. This designation means that the government will manage the technology with special oversight, particularly in matters of mergers and acquisitions involving foreign...
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  • BHP Warns Australia Risks Losing Out in Mining Amid Shifting Global Competition

    BY John Davis
    BHP Group’s Australia President, Geraldine Slattery, has warned that the nation can no longer rely solely on its traditional mining export markets and is unprepared to face a new era of lower-cost competitors. Speaking in Brisbane on Monday, Slattery highlighted that the boom in demand from China’s industrialization has now moved past its aggressive growth...
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  • Environmental Protests Threaten Serbia’s Lithium Mining Project

    BY John Davis
    Plans for the extraction of a key raw material used in electric vehicle production are under threat in Serbia as environmental protests grow. The Jadar Valley project, aimed at extracting 58,000 tons of lithium annually, has faced increasing opposition from local communities who fear environmental damage. Mining giant Rio Tinto is facing delays that could...
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  • Boliden in Advanced Talks to Acquire Lundin Mining’s European Mines

    BY Sophia Schmitz
    Boliden is currently in advanced negotiations to acquire Lundin Mining’s Zinkgruvan mine in Sweden and Neves-Corvo mine in Portugal, according to information obtained by Bloomberg News. The acquisition would allow Boliden to strengthen its position as one of the largest zinc producers in Europe. These two mines represent some of Lundin Mining’s oldest assets, which...
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  • Port Said for Engineering Works to Build $80 Million Aluminum Foil Factory in SCZone

    BY John Davis
    Port 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...
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  • Klockner & Co to Build New Aluminum Processing Facility in Columbus

    BY Lara Browne
    Klockner & 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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  • China’s October Aluminium Output Rises Amid Firm Demand and Higher Prices

    BY Sophia Schmitz
    China’s aluminium production in October 2024 rose year-on-year as a positive demand outlook and higher aluminium prices offset rising raw material costs. Official data from the National Bureau of Statistics showed that China, the world’s largest aluminium producer, produced 3.72 million metric tons of primary aluminium last month, marking a 1.6% increase from October last...
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  • Korea Zinc Chairman Steps Down Amid Scrapped $1.8 Billion Share Sale

    BY John Davis
    Korea Zinc Co.’s chairman, Choi Yun-beom, will step down from his role as the head of the board after canceling a planned $1.8 billion share sale. The decision is seen as an attempt to address concerns from the company’s largest shareholder amid an ongoing battle for control. The world’s largest refined zinc producer announced on...
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