Rusal’s aluminium exports fell by 4% year-on-year to 2.19 million tonnes in the first nine months of 2024, according to company data reviewed by Interfax. During the same period, the total volume of aluminium transported by Rusal, including domestic shipments, decreased by 1% to 2.69 million tonnes, based on information from Russian Railways. Notably, aluminium...
READ MORENorwegian aluminium producer Norsk Hydro has completed a capacity expansion project at its Cressona smelter in Pennsylvania, USA, with an investment of approximately NOK 1 billion ($94 million). The expansion includes the installation of a new extrusion press with a force of 3,000 tonnes, enabling the production of aluminium profiles up to 12 inches (305...
READ MOREAurubis, one of the world’s leading multi-metal producers and a major copper recycler, has announced a EUR 16 million investment in its Stolberg copper rolling mill in the Rhineland, Germany. The investment includes two new core units—a hood annealing line and a stretch-bending line—to enhance the competitiveness, energy efficiency, and safety of the site. The...
READ MOREStatistics from the Mercantile Exchange of Vietnam (MXV) indicate a significant increase in trading activity last quarter, with precious metals emerging as the most actively traded asset in Vietnam, accounting for 21.5% of the trading volume on MXV. Other metals, such as copper and silver, also showed notable trading activity, ranking seventh and ninth with...
READ MOREIran produced 264,617 tonnes of aluminium ingots in the first five months of the current Iranian calendar year (March 20-August 21), according to data released by the Iranian Mines and Mining Industries Development and Reconstruction Organization (IMIDRO). This marks a slight increase of 1% compared to the same period last year. The production increase was...
READ MORERussian aluminium giant Rusal is considering a share buyback valued at approximately 15 billion rubles ($156 million), following a review by the company’s board of directors. The board has begun a preliminary assessment of the potential buyback, noting that it could be favorable for shareholders overall. However, no final decision has been made, and the...
READ MOREFortune Minerals has hired Worley Canada Services to lead additional engineering work and prepare an updated feasibility study for the NICO Cobalt-Gold-Bismuth-Copper Project in Canada. The project includes a mine and concentrator in the Northwest Territories and a hydrometallurgical facility in Alberta. The updated study will assess current project costs, commodity prices, and recent optimizations,...
READ MOREThe ongoing hostile takeover bid by MBK Partners and Young Poong for Korea Zinc is raising concerns about potential disruptions to the global semiconductor supply chain. Korea Zinc, a key supplier of semiconductor-grade sulfuric acid, plays a crucial role in providing this essential material to South Korean semiconductor giants Samsung Electronics and SK Hynix. The...
READ MOREShanghai nickel prices jumped nearly 6% on Tuesday, reaching a three-month high as trading resumed following a week-long holiday. The most-traded November nickel contract on the Shanghai Futures Exchange (SHFE) rose 3.4% to 135,470 yuan ($19,304 per metric ton) after peaking at 138,800 yuan, the highest since July 9. Meanwhile, three-month nickel on the London...
READ MORERusal plans to start construction of the second stage of the Boguchansk aluminium smelter in 2025, according to Renaissance Capital. This expansion will double the smelter’s production capacity to 596,000 tonnes per year, with the start-up complexes being commissioned in stages until 2030. The total investment in the project will be updated by the end...
READ MORENickel, which accounted for 25% of Madagascar’s export value in 2022, faces a significant disruption following an incident at the Ambatovy nickel mine. Japan’s Sumitomo Corporation, which operates the mine, reported damage to the pipeline transporting ore to the processing plant, leading to a suspension of production. The halt at Madagascar’s largest nickel mine comes...
READ MOREKorea Zinc, the world’s largest refined zinc producer, is embroiled in a contentious takeover battle between its founding families. The outcome could significantly impact South Korea’s role in the U.S.-led efforts to reduce reliance on China for essential metals and materials used in key industries such as construction and automotive manufacturing. The battle involves competing...
READ MOREPremier African Minerals Limited is considering various strategic options for its Zulu lithium plant, located at the Fort Rixon lithium mine in Zimbabwe’s Matabeleland South Province. These options include a potential full or partial sale, or bringing in an investment partner through a joint venture. The company reported an operating loss of $12.03 million for...
READ MOREStarting October 8, the Moscow Exchange will begin trading new futures contracts for copper, aluminium, nickel, and zinc. These contracts will have a quarterly circulation term, aligning copper and nickel futures with the existing quarterly terms for aluminium and zinc, which previously had one-month terms. The new contracts will feature lots that are 10 times...
READ MOREBarrick Gold has initiated the expansion of its Lumwana copper mine in Zambia’s Kalumbila District, with an investment of USD 500 million earmarked for the project’s first phase. The expansion will focus on infrastructure upgrades, operational improvements, and the introduction of advanced mining technologies. The total cost of the project is expected to reach USD...
READ MOREThe European Union’s shift towards clean energy and digital technologies is driving a rapid increase in the demand for critical raw materials, with forecasts showing exponential growth in the coming years. As the EU moves away from fossil fuels, materials such as lithium, cobalt, and nickel — essential for batteries, renewable energy technologies, and the...
READ MOREXinjiang Technology officially launched its Phase II aluminium and titanium alloy production project on September 5. The project, located in Haimen District, builds on the company’s Phase I success in magnesium alloy production and represents a significant provincial industrial initiative in collaboration with China Aerospace Equipment. The total investment in the new titanium alloy project...
READ MORECunext Copper has extended its green and sustainable syndicated loan to nearly €35 million, funding the expansion of its facilities in Córdoba. The financing will support the installation of a new furnace for the production of anodes from secondary (scrap) copper, increasing output by an additional 40,000 tonnes per year. The loan, provided by the...
READ MOREScandium Canada has filed a provisional patent for its two aluminium-scandium alloys and their powders, designed specifically for additive manufacturing (3D printing) applications. The filing was made with the US Patent and Trademark Office under the title “Aluminium alloy powders for additive manufacturing. Methods of producing the same and uses thereof.” The alloys, developed in...
READ MOREOperations at Vale’s Onça Puma nickel plant in Ourilândia do Norte, Pará, have been temporarily suspended following damage to the local power transmission network caused by a severe windstorm on Saturday, October 5. According to Vale, the network is expected to be fully restored by October 15. Vale estimates that this interruption will reduce nickel...
READ MORESolus Advanced Materials, a South Korean company specializing in copper foil, has announced that its subsidiary, Volta Energy Solutions Canada, has finalized an agreement with Investissement Québec. The agreement secures financial incentives for the construction of the first copper foil plant in Canada, located in Quebec, to support the electric vehicle (EV) battery industry. The...
READ MOREThe London Metal Exchange (LME) is keeping a close watch on the tightening aluminium market, where the October contract has experienced a significant shift. A sharp premium has emerged in the spread between October and November contracts, alongside one party holding a large long position in the October market. “The LME is closely monitoring the...
READ MOREHindustan Zinc has released its production figures for the second quarter of FY25, showcasing a notable increase in both mined and refined metal production. In the first half of FY25, the company achieved its highest-ever mined metal production, reaching 519,000 tonnes, a 2% rise compared to the same period last year. Refined metal output also...
READ MOREIndonesia’s nickel production is expected to grow by 15% in 2024, a slower rate than previously forecast, according to a report by Macquarie Group. The British company’s managing director for commodity markets, Jim Lennon, noted that the production estimate for the year has been revised down to 2.20 million tons, from an earlier projection of...
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