Chariot is accelerating its plans to become a lithium producer by shifting focus to a pilot plant strategy at its Black Mountain lithium project in Wyoming. The company aims to supply spodumene concentrate to meet growing U.S. demand, responding to an expected rebound in lithium prices. This strategic pivot, away from large-scale exploration, follows internal...
READ MORENorwegian aluminum producer Norsk Hydro announced on September 25 that it has begun operations at an advanced aluminum scrap sorting facility in Michigan, USA, through its joint venture, Alsort. The facility, which uses proprietary sorting technology, is expected to provide Hydro with a stable supply of raw materials for the production of low-carbon aluminum products....
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 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 MOREEmirates Global Aluminium (EGA), the world’s largest premium aluminium producer, has completed the acquisition of a majority stake in U.S.-based aluminium recycling company Spectro Alloys Corporation. The deal expands EGA’s operations across four continents, with production capabilities ranging from bauxite mining to aluminium recycling. The acquisition strengthens EGA’s presence in the United States, one of...
READ MORELohum Cleantech, an India-based lithium-ion battery pack maker and recycler, has announced a partnership with U.S.-based ReElement Technologies and American Metals to establish a lithium-ion battery materials processing facility in the United States. The initial investment for the project is set at $30 million. The facility, located at the Marion Advanced Technology Center in Indiana,...
READ MORERio Tinto Group is aiming to begin production at its Resolution copper joint venture in Arizona, in partnership with BHP Group, by the end of the decade, according to an interview with CEO Jakob Stausholm, reported by Bloomberg News on September 26. The Resolution project, which has faced various delays, is reportedly nearing the end...
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Renewable Partnerships Bolster Clean Energy Initiatives Alabama Solar Expansion: U.S. aluminium company Novelis will endorse the development of two 80-MW solar power facilities in Alabama. This move stems from an alliance with a regional branch of energy provider Southern Company. Novelis committed to Alabama Power’s Renewable Subscription Programme. This commitment aims to procure adequate renewable...
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Pan American Silver (PAAS) has successfully completed the previously announced divestment of its 56.25% stake in the MARA project in Argentina and its 92.3% ownership in the Morococha mine in Peru. These divestments align with Pan American’s strategic goal of optimizing its portfolio after acquiring Yamana Gold. The transactions will lead to a reduction in...
READ MOREThe White House announced on Friday a new round of Russia sanctions, which included tariffs on imports of more than 100 commodities from Russia to the United States. “Today’s action will result in increased tariffs on more than 100 Russian metals, minerals, and chemical products worth approximately $2.8 billion to Russia. It will also significantly...
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