Shares of Korea Zinc, the world’s largest zinc smelter, surged by the maximum daily limit on Monday, following news that the company’s board will soon meet to discuss the potential calling of an extraordinary shareholder meeting. The meeting, set for January 23, 2025, could pave the way for a crucial vote to elect a new...
READ MOREA lesser-known metal, antimony, has experienced a 300% price rally this year, outpacing gains in gold, silver, and even Bitcoin. Western nations have embarked on a \$100 billion spending spree to replenish their military arsenals, including cruise missiles, artillery shells, javelins, and armored vehicles—all of which require antimony. However, the United States does not produce...
READ MOREThe volume of Russian aluminium imports to South Korea reached its highest level in over 12 years this October, according to calculations based on data from the Korean statistical service by RIA Novosti. In October 2024, South Korea’s purchases of aluminium from Russia totaled $96.5 million, marking the maximum monthly import volume since June 2012,...
READ MOREEarth AI, a clean energy metals exploration company, and its partner Legacy Minerals announced the discovery of what could be Australia’s largest palladium deposit. The discovery, named Fontenoy, is located in Warmbath on the southwestern slopes of New South Wales, within the mineral-rich Lachlan Fold Belt. Earth AI reported the identification of a two-square-kilometer mineralized...
READ MOREKingsrose Mining has received approvals to begin drilling at the Karenhaugen prospect, located within the Porsanger Project in Norway. The Porsanger Project is positioned at the northern end of two converging greenstone belts, which are considered highly prospective for ultramafic-hosted massive sulphide nickel, copper, and platinum group element mineralisation. Kingsrose initially applied for the drilling...
READ MOREGlobal aluminium producers have offered Japanese buyers premiums of $230 to $260 per metric ton for primary metal shipments in the January-March quarter, reflecting an increase of 31% to 49% from the current quarter, according to three sources directly involved in the quarterly pricing negotiations. Japan, a key Asian importer of aluminium, plays a significant...
READ MOREElectric bus manufacturer Lion Electric has announced a temporary layoff of 400 employees and a shutdown of production at its plant in Illinois. The St-Jérôme, Quebec-based company revealed on Sunday that it had secured a two-week extension, until December 16, for a loan and a credit agreement with a syndicate of lenders, after a previous...
READ MORENorway has decided to suspend plans to issue licences for deep-sea mining in 2024, following opposition from environmental groups and international institutions. This decision was announced by the Socialist Left Party, a key ally of the centre-left minority government, on Sunday. The suspension was agreed upon in exchange for the party’s support of the government’s...
READ MORENorthern Star Resources has agreed to acquire De Grey Mining in an all-stock transaction valued at approximately A$5 billion ($3.26 billion). This acquisition comes as gold prices hover near record highs, prompting gold companies to secure new mining assets in a competitive landscape. The acquisition will give Northern Star one of the largest undeveloped gold...
READ MOREHydro Energi , a wholly-owned subsidiary of Norwegian aluminium company Norsk Hydro, has entered into an agreement to purchase 2.63 TWh of renewable power from a unit of Swiss energy group Axpo. The power supplies will be delivered under a 10-year power purchase agreement (PPA) with Axpo Nordics, as confirmed by Axpo’s parent company on...
READ MORECapral Aluminium has successfully completed a trial of recycled-content billets supplied by Rio Tinto at Boyne Smelters Limited (BSL). The trial utilized 50 to 100 tonnes of post-production aluminium scrap from Capral’s Bremer Park extrusion plant in South East Queensland. This scrap was remelted and cast into billets, resulting in a new product containing a...
READ MOREHemerdon Mine, located on the outskirts of Plymouth, Devon, has called on the UK government for support in extracting one of the world’s largest tungsten deposits. According to company executives, the mine, operated by Tungsten West since 2019, holds the second largest deposit of tungsten globally. Tungsten is a critical mineral with high demand in...
READ MOREAccording to data from the International Aluminium Institute (IAI), Africa’s primary aluminium production saw a modest recovery in October 2024, increasing by 3,000 tonnes or 2.24% month-on-month (M-o-M). The production volume for October stood at 137,000 tonnes, up from 134,000 tonnes in September. Despite the gains, there was an average daily output shortfall of 100...
READ MOREThe Cell Recycling Competence Centre (CRCC), which BMW is constructing in the Straubing-Bogen district of Lower Bavaria, will introduce direct recycling—a process allowing the mechanical dismantling of residual battery production materials and entire battery cells into their valuable components, which can then be used for pilot production of new battery cells. “The new Cell Recycling...
READ MOREThe Washington-based Recycled Materials Association (ReMA) has filed a lawsuit against the Minnesota Department of Commerce over a law that is set to be enforced in 2025 regarding the sale of copper for recycling. Local Minnesota media reports indicate that ReMA has taken legal action against Grace Arnold, in her capacity as commissioner of the...
READ MORETrafigura Group has ordered the withdrawal of thousands of tons of zinc from London Metal Exchange (LME) warehouses, contributing to a significant rally in zinc prices, according to sources familiar with the matter. Over the past two days, orders to withdraw zinc from LME-supervised warehouses have surged by 97,225 tons, marking the largest jump in...
READ MOREPosco-Pilbara Lithium Solution, the joint venture between Korean steelmaker Posco and Australian lithium mining company Pilbara Minerals, has completed construction of its second lithium hydroxide plant in South Jeolla, South Korea. The new facility, which was finalized on Friday, adds to the joint venture’s first plant, established last year, increasing its production capacity to 43,000...
READ MOREMadagascar’s Ambatovy nickel project companies are expected to complete their debt restructuring in early December, according to a statement by Sumitomo Corp, the project’s major shareholder. Sumitomo, which holds a 54.2% stake in the Ambatovy companies—Ambatovy Minerals and Dynatec Madagascar—said it is still assessing all options for the project’s future. The remaining stake in the...
READ MOREGlobal bauxite and aluminum prices have surged to a five-month high this month, driven by economic growth, supply concerns, and a weaker U.S. dollar. Analysts predict that prices could continue to rise from current levels, reflecting the broader market’s ongoing uncertainties. Aluminum prices are currently about 18% higher than they were a year ago, with...
READ MOREDuring Wednesday’s New York trading session, spot gold experienced a steep drop, with prices falling nearly $25 from the day’s high. Analysts indicated that stagnating inflation progress led to gold giving up most of its early gains, as economic data suggested that the Federal Reserve might adopt a more cautious approach to future interest rate...
READ MOREMakin Metal Powders, a subsidiary of China’s GRIPM Group based in Rochdale, UK, has announced that its new metal powder production facility in Chonburi Province, Thailand, is now operational. The GRIPM Powder Materials plant, which is ISO 9001 certified, dispatched its first orders in July this year. The new facility has the capacity to produce...
READ MOREThe follow-up meeting concerning Alcoa’s plant in San Cibrao, located in the municipality of Cervo (Lugo), is scheduled to take place in Madrid on December 9 at 11:30 a.m. This meeting will involve representatives from the company, workers, and relevant administrative bodies. The works council, which has long advocated for this meeting, confirmed the date,...
READ MOREChinese mining group Baiyin Nonferrous is set to acquire Mineração Vale Verde, a Brazilian mining company owned by British private equity manager Appian Capital Advisory. Mineração Vale Verde operates the Serrote mine in Alagoas, specializing in copper concentrate production. The deal will be executed through the purchase of stakes in AMH 2 and Serrote Participações,...
READ MORELithium Ionic has announced that it has received preliminary approval for a $266 million loan guarantee from the Export-Import Bank of the United States (EXIM) to support the development of its flagship Bandeira lithium project in Minas Gerais, Brazil. The funding will cover 100% of the project’s initial capital cost, as outlined in a feasibility...
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