Russian mining company Nordgold has announced plans to invest over 30 billion rubles (approximately $321 million) in the development of the Sardana zinc deposit, one of Russia’s largest zinc fields in terms of reserves. The Sardana deposit is located in the remote Ust-Maisky area of the Yakutia Republic, covering an area of 6.1 square kilometers....
READ MOREHydro has appointed Erik Fossum and Jeff Lehman as the new leaders for its aluminium extrusion businesses in Europe and North America, respectively. Erik Fossum will serve as the new business unit president of Extrusion Europe, succeeding Bruno D’hondt, who successfully led the unit since September 2018, delivering strong results over the period. Jeff Lehman...
READ MORESiAT, a leading Taiwanese manufacturer of advanced nanomaterials for batteries, and CSAC, the largest Taiwanese aluminum producer, have revealed promising test results for their jointly developed CNT-coated aluminum foil (CCAF) during a speaker session at the Battery Show Detroit on October 8. Launched in February, the CCAF is designed to meet the growing demand for...
READ MORESecondary refined tin and solder producer Nathan Trotter & Co. has been selected by the U.S. Department of Defense (DoD) to receive funding to expand the country’s tin smelting and refining capacity. The project will involve constructing comprehensive tin smelting and refining facilities in Coatesville, Pennsylvania, to de-risk the tin supply chain. Nathan Trotter will...
READ MOREMilitary Metals (CSE: MILI) has expanded its search for critical minerals beyond Canada by agreeing to acquire three brownfield projects in Slovakia. These projects include two focused on antimony and one on tin, advancing Military Metals’ goal of becoming a key player in critical minerals exploration and development. Under the letter of intent signed on...
READ MOREJapan’s refined copper production is expected to increase by 5.5% in the second half of fiscal 2025 compared to the previous year, according to Reuters calculations based on plans outlined by smelters. The rise is attributed to reduced maintenance activities and solid demand, particularly from the electronics and construction sectors. The financial second half in...
READ MOREStillwater Critical Minerals has signed a comprehensive, non-binding Memorandum of Understanding (MOU) with US Strategic Metals (USSM) to explore a range of critical minerals-related business opportunities. The MOU reflects a shared alignment in corporate values and aims to advance the development of the critical minerals supply chain in the United States, contributing to the green...
READ MOREJapan’s refined copper production is expected to increase by 5.5% in the second half of fiscal 2025 compared to the same period a year earlier, according to Reuters calculations based on smelter plans. This increase is primarily attributed to reduced maintenance activities and solid demand. The financial second half covers the period from October to...
READ MOREUS aluminium products producer Novelis, a subsidiary of India’s Hindalco Industries (Aditya Birla Group), has commissioned Italian equipment supplier Danieli to build a flat-rolled sheet production facility at its Bay Minette plant, currently under construction in Alabama. The facility will have an annual capacity of 1 million tonnes, focusing on aluminium scrap recycling and aluminium...
READ MORESual Partners, controlled by Viktor Vekselberg and his partners, is seeking to prevent the proposed buyback of UC Rusal shares. According to Vedomosti, UC Rusal is pursuing the buyback to capitalize on its share of the asset in the absence of dividend payments. UC Rusal’s main shareholder, En+, founded by Oleg Deripaska, holds a 56.9%...
READ MOREA team of Russian researchers has synthesized unique ferromagnetic films made of palladium and iron using the molecular beam epitaxy (MBE) method, according to the Institute of Physics and Technology (ITF). “We have adapted molecular beam epitaxy technology to synthesize gradient magnetic thin films based on a ferromagnetic alloy of palladium and iron. The resulting...
READ MOREThe premium for aluminium shipments to Japanese buyers for the October to December period has been set at $175 per metric ton, reflecting a 1.7% increase from the previous quarter, according to four individuals directly involved in pricing talks. This rise aligns with higher premiums seen in Europe. The new figure surpasses the $172 per...
READ MORERusal’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...
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