Lithium Buyers and Sellers Negotiate 2025 Supply Terms Amid Price Challenges

The latest data from the World Bureau of Metal Statistics (WBMS) reveals a substantial oversupply in the global nickel market. Refined nickel production reached 304,400 tons in October, surpassing consumption, which stood at 282,500 tons, resulting in an excess supply of 21,900 tons. For the first ten months of 2023, global refined nickel production totaled…

Nornickel, a top Russian miner and a leading palladium and nickel producer, has outlined varying outlooks for the markets of copper, nickel, platinum, and palladium in 2025, with different factors shaping supply and demand dynamics for each metal. Copper The global copper market, currently experiencing a surplus of 200,000 tonnes in 2024, is expected to…

Taykwa Tagamou Nation (TTN) has announced a $20 million investment in Canada Nickel Company’s flagship Crawford Nickel Sulphide Project, marking a significant collaboration aimed at advancing economic empowerment and fostering long-term partnership. The investment, secured through a Convertible Note, will give TTN an 8.4% stake in Canada Nickel by converting into 16.67 million common shares…

The global copper market is forecast to experience a surplus of 200,000 tonnes in 2024 before balancing out in 2025, according to Nornickel’s latest metals market review. The company attributed this trend to accelerating demand growth driven by renewable energy generation, electrified transportation, and increasing global electricity consumption. Nornickel highlighted that while concerns about long-term…

Despite persistent challenges with platinum prices, the precious metal market is seeing support as the World Platinum Investment Council (WPIC) predicts a market deficit in both 2024 and 2025. Edward Sterk, WPIC’s director of research, highlighted that while demand for platinum remains steady, supply has struggled to keep up, a trend that looks set to…

British mining group Anglo American has sold shares of Anglo American Platinum, valued at 9.6 billion South African rand (approximately 500 million euros), as part of preparations for a complete demerger of the South African platinum producer. The sale, announced on Wednesday, involved 17.5 million shares, representing 6.6% of Anglo American Platinum’s issued capital, at…

Rusal, Russia’s sole primary aluminium producer, has reportedly sought to obstruct several critical investment initiatives by Nornickel, one of the world’s leading producers of non-ferrous and precious metals, according to a source close to Interros, Nornickel’s majority shareholder. The first project targeted is Nornickel’s Sulphur Programme, part of Russia’s federal Clean Air Project. Launched in…

Nornickel, the world’s largest palladium producer, expects annual palladium demand in China to rise by 5-10 tonnes, or 7.6-15% of current consumption, from 2026-2027 as it develops new industrial applications for the metal. This comes as traditional consumption from internal combustion engine vehicles, which account for over 80% of global palladium use, continues to decline….

Earth AI, a clean energy metals exploration company, and its partner Legacy Minerals announced the discovery of what could be Australia’s largest palladium deposit. The discovery, named Fontenoy, is located in Warmbath on the southwestern slopes of New South Wales, within the mineral-rich Lachlan Fold Belt. Earth AI reported the identification of a two-square-kilometer mineralized…