Alumina Limited, an Australian mining company specializing in bauxite mining and alumina refining, has forecasted its processed alumina and aluminum sales to grow from $4.32 billion in 2023 to $5.5 billion within the next five years. This projection represents a compound annual growth rate (CAGR) of 6.77%, driven by operational restructuring and recovery from the...
READ MOREStellantis and CATL have reached an agreement to invest up to €4.1 billion in a joint venture to establish a large-scale lithium iron phosphate (LFP) battery plant in Zaragoza, Spain. Designed to be entirely carbon neutral, the plant will be developed in multiple phases, with production expected to begin by the end of 2026. The...
READ MORENippon Denkai has announced the closure and liquidation of its copper foil manufacturing plant in the United States, marking the end of domestic production of this material. Denkai America Inc., the US-based subsidiary of the Japanese company, will cease operations just two years after significant investments were planned to revitalize the facility. The company cited...
READ MOREThe US government is evaluating a proposal to provide a loan of up to $550 million to support the development of the Piauí Nickel project in Brazil’s Northeast. This initiative, led by Brazilian Nickel, aims to secure critical minerals for the energy transition and reduce dependency on China’s dominant supply chains for key metals. Brazilian...
READ MOREA recent report highlights that Europe could recycle enough battery materials by 2030 to supply up to two million electric vehicles (EVs) annually. However, high energy costs and insufficient financial support pose significant challenges to achieving this goal. The findings come as the European Union (EU) intensifies efforts to reduce reliance on China for critical...
READ MOREUzbekistan has unveiled an ambitious plan to process up to 300,000 tons of copper annually within its domestic market. Ural Yusupov, Deputy Minister of Mining and Geology, shared the country’s vision during the International Congress on “Mining Industry and Geology of Uzbekistan and Central Asia.” To achieve this goal, Uzbekistan is developing industrial clusters, technoparks,...
READ MORECopper production in Chile, the world’s largest copper producer, is forecasted to reach between 5.4 and 5.6 million tons in 2025, according to the National Mining Association (Sonami). This projection reflects continued optimism about the sector’s stability and growth. Chilean mining companies anticipate copper prices to range between $4.20 and $4.50 per pound next year,...
READ MOREDangsheng Technology has announced significant progress in its European new materials industrial base project following the approval of an environmental permit by the Finnish government. This development marks an essential milestone in the company’s efforts to establish a major production base in Finland. The project’s first phase, involving a planned annual production capacity of 60,000...
READ MOREBritish mining company Savannah Resources has concluded the administrative easement process for its Minha do Barroso lithium project in Boticas, Portugal. This step grants the company immediate access to land within the C-100 Mining Concession, marking a key milestone for the project’s progression. Savannah had previously reached agreements to purchase over 100 plots of land...
READ MORERio Tinto has announced plans to expand the capacity of its Rincon lithium project in Argentina to 60,000 tonnes per year, aiming to leverage the favorable long-term outlook for lithium driven by the global energy transition. The London-based mining giant has approved a $2.5 billion investment in its first commercial-scale lithium operation, positioning lithium as...
READ MOREThe acquisition of Khoemacau Copper Mining by MMG has opened doors to realizing the full potential of this resource-rich project in Botswana. MMG, a global mining company with operations across four continents, brings the financial backing and technical expertise needed to drive growth and transformation. Logic Sebopeng, General Manager of the mine, described the acquisition...
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In November, China’s production of lithium cobalt oxide (LCO) reached 9,350 tonnes, reflecting a month-on-month decline of 3.21% but a year-on-year increase of 12.65%. This reduction in production aligns with weakening demand from the electronics industry, prompting smelters to adjust output to match market trends. Market analysts predict a further decline in LCO production in...
READ MORELiontown Resources has completed its first shipment of spodumene concentrate to LG Energy Solution, fulfilling its long-term supply agreement with the South Korean battery producer. The shipment, comprising 33,000 wet metric tonnes, departed today from the Port of Geraldton in Western Australia. This milestone represents the fourth and largest cargo dispatched since Liontown’s Kathleen Valley...
READ MOREAscend Elements, a Massachusetts-based lithium-battery recycling company, has announced plans to begin producing lithium carbonate (Li2CO3) from used lithium-ion batteries at its Covington facility in 2025. The company aims to produce up to 3,000 metric tons of sustainable, domestic Li2CO3 annually, marking a significant milestone as the first commercial-scale recycled lithium carbonate production in the...
READ MOREAdvanced Electric Machines (AEM), a start-up from Newcastle, England, is transforming the e-mobility sector with its innovative High-Density Switched Reluctance Motor (HDSRM). By eliminating the use of rare earth materials and copper, AEM has developed a more sustainable and cost-effective electric motor, with aluminum-based technology at its core. This approach not only reduces costs by...
READ MOREAmerican Rare Earths has announced a significant rare earth deposit discovery at its Halleck Creek project in Wyoming, USA, initially valued at $37 billion. The deposit contains critical minerals such as neodymium, dysprosium, praseodymium, samarium, and terbium, essential for manufacturing electronic devices, electric vehicles, wind turbines, and defense technologies. Notably, only 25% of the total...
READ MOREBolivia, home to the world’s largest lithium reserves, is struggling to compete with its South American neighbors Chile and Argentina in tapping into the lucrative lithium market. The region, known as the Lithium Triangle, holds about 60% of the global lithium supply, essential for producing batteries used in electric vehicles, smartphones, and renewable energy storage....
READ MOREAurubis, a leading multimetal producer, has inaugurated a state-of-the-art recycling plant at its Olen site in Belgium. The facility, named the Bleed Treatment Olen Beerse (BOB) plant, is a hydrometallurgical installation designed to recover valuable metals such as nickel and copper from electrolyte streams generated during metal production at Aurubis’ Belgian sites in Olen and...
READ MOREAurubis AG, a leading provider of non-ferrous metals and one of the largest copper recyclers globally, closed the 2023/24 fiscal year with strong financial results. Operating earnings before taxes (EBT) rose to €413 million, up from €349 million in the previous year. Net cash flow remained robust at €537 million, and return on capital employed...
READ MORECalgary-based nanotechnology company Litus has announced that its lithium extraction pilot is now operational, marking a significant milestone in the lithium market. The successful scale-up is expected to unlock vast, untapped energy resources in North America and Europe, according to the company. This achievement follows the opening of its patented nanomaterial production facility in Calgary...
READ MORECanadian base and precious metals miner Sierra Metals (TSX: SMT | OTCQX: SMTSF) announced that its Yauricocha polymetallic mine in Peru has reached full production. The underground copper-gold-silver mine is now processing ore at a throughput rate of 3,600 tonnes per day, a 30% increase compared to December 2023 levels. The milestone follows the receipt...
READ MOREPlans for a \$1-billion lithium-ion battery cell production facility in Maple Ridge, British Columbia, have been shelved. The parent company, Taiwan Cement Corp., announced that construction has been halted to focus on production in Taiwan, aligning with similar decisions by other battery manufacturers to suspend projects across North America. The Canadian plant, which was initially...
READ MOREAlpha HPA, an Australian-based aluminium chemicals company, has begun production of battery metals precursor materials at its Stage 1 plant in Gladstone, Queensland. Construction of the company’s Stage 2 commercial plant is also well underway, according to a recent investor update. Now, the company is planning to develop an additional high-purity aluminium (HPA) manufacturing facility...
READ MOREAs the world accelerates towards green energy solutions, experts are raising concerns about an impending copper shortage that could threaten efforts to provide clean and affordable energy. Swiss bank UBS forecasts a supply deficit of over 200,000 tons by 2025, while the International Energy Forum emphasizes the urgent need for over a billion tons of...
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