The United States imported Russian aluminium in September 2024 for the first time in over a year, according to US customs data analyzed by RIA Novosti. During this month, US companies purchased 798 tonnes of unprocessed aluminium from Russia for $1.9 million, marking the first such delivery since August 2023. The largest metal import from...
READ MOREAres Strategic Mining has shipped its new flotation plant, featuring state-of-the-art flotation technology. This facility will be the only one of its kind in North America, designed specifically to produce acidspar, a high-purity form of fluorspar (calcium fluoride) crucial for several industrial applications, including aluminum production, chemical manufacturing, lithium-ion batteries, electronics, and specialized glass and...
READ MOREToronto-based Torex Gold Resources announced that it expects to begin producing the first copper concentrate from its Media Luna project in Mexico in Q1 2025, with commercial production to follow shortly afterward. The US$950 million project, located in Guerrero state, is currently 87% complete, according to CEO Jody Kuzenko. Kuzenko noted that engineering work for...
READ MORECapstone Copper reported strong production results for the third quarter of 2024, producing 47,460 tonnes of copper, largely driven by its operations in Chile. The Mantoverde Development Project reached commercial production in September, delivering two shipments of copper concentrate. The project capital remained on budget at $870 million. Copper production during Q3 included 17,481 tonnes...
READ MOREThe U.S. Department of Energy (DOE) has finalized a $2.26 billion loan to support a lithium processing facility at Thacker Pass, Nevada. The loan, provided to Lithium Americas’ subsidiary, Lithium Nevada, is part of the Biden-Harris Administration’s Investing in America initiative. The facility, next to the largest confirmed lithium resource in North America, will produce...
READ MOREHudbay Minerals is advancing its Copper World project in Arizona, positioning itself as a key U.S. supplier of critical minerals for renewable energy. The $1.3 billion project comprises seven deposits and is expected to produce 85,000 tonnes of copper annually over a 20-year mine life. A feasibility study is scheduled for completion next year, with...
READ MOREVancouver-based American Salars Lithium has signed an agreement to acquire the Lac Simard South Project in Québec, marking its first re-entry into the region. The Lac Simard South Project includes 64 claim blocks covering 3,672.75 hectares, neighboring Sayona Mining and Refined Metals’ Lac Simard property, which has reported samples of 4.52% lithium oxide and 5.88%...
READ MOREVancouver-based Kodiak Copper has decided to delay the release of its initial resource estimate for the MPD copper-gold project in British Columbia to achieve a more substantial outcome. According to Chairman Chris Taylor, the company is focusing on systematically drilling and building a resource base that fully reflects the project’s potential rather than rushing to...
READ MORERio Tinto Group has completed the acquisition of Sumitomo Chemical Company’s (SCC) 20.64% stake in the New Zealand Aluminium Smelters (NZAS) consortium, finalizing the deal on November 1, 2024. With this transaction, NZAS, which operates the Tiwai Point aluminium smelter in New Zealand, is now wholly owned by Rio Tinto. In addition to acquiring SCC’s...
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...
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