Norway 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 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...
READ MOREStarting December 1, 2024, China will cancel export tax rebates for certain aluminum and copper products, effectively increasing export costs for these materials. In the short term, this policy change is expected to drive up production costs for aluminum and copper processing companies, potentially leading to export losses and forcing companies to adjust their product...
READ MOREThe non-ferrous metals market in 2024 experienced mixed trends, largely influenced by supply conditions and shifting global demand dynamics. Refined copper prices surged by 7%, driven by shortages and increased demand from sectors such as artificial intelligence (AI) and data centers. Aluminum prices also climbed, supported by favorable upstream sectors, despite supply exceeding demand. Zinc...
READ MOREPortuguese energy company Galp announced on Tuesday that it has dropped its plan to build the Aurora lithium refinery, after failing to find a new partner to replace Northvolt. The Swedish battery manufacturer Northvolt had originally partnered with Galp in a 50-50 joint venture set up in November 2021 to build the lithium processing plant...
READ MOREEuropean Metals Holdings Ltd has announced the final selection of the EPR1 site for the processing plant of its Cinovec Lithium project in Czechia. This decision marks an important milestone in the project’s development, moving it closer to realization. The Prunéřov EPR1 site was chosen after extensive evaluations, which included assessments of construction costs, geotechnical...
READ MOREAluminium prices on the Multi Commodity Exchange of India (MCX) and the London Metal Exchange (LME) have risen by 14% so far in 2024, and analysts predict a further increase of 5-6% by year-end. The rise is attributed to persistent concerns about raw material supplies and China’s recent decision to end its export tax rebate...
READ MOREKorea Zinc Inc., the world’s largest lead and zinc smelter, has announced that its Australian subsidiary, Ark Energy, has selected Hanwha Corp. as the preferred partner for a battery energy storage system (BESS) project in Australia. The partnership comes as part of ongoing efforts to develop renewable energy solutions within the region. Korea Zinc and...
READ MOREBolivia has signed a $1 billion agreement with China’s CBC, a subsidiary of the world’s largest lithium battery producer CATL, to construct two lithium carbonate production facilities in the country’s southwest. The announcement was made on Tuesday, with Bolivia’s state-owned Bolivia Lithium Deposits (YLB) confirming that the plants would be located in the Uyuni salt...
READ MOREMalawian company Akatswiri Mineral Resources (Akatswiri) has completed a feasibility study for an $820 million aluminium production project in the southern African nation, according to a report by the Nyasa Times. The study, published on November 24, indicates that bauxite—the primary raw material for aluminium production—has been found at two sites in a mountainous region...
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