Oman to Become a Major Copper Exporter by 2027 The official groundbreaking ceremony for the Mazoon Copper project, a copper ore mining and beneficiation facility, has taken place in Oman, with Minerals Development Oman as the investor. The general contractor is the Canadian firm Lycopodium, which will provide all the necessary engineering, procurement, and construction...
READ MOREConstellium Begins Using Hydrogen for Aluminium Casting French metallurgical company Constellium has launched a project to produce aluminium semi-finished products using hydrogen as a fuel. The company’s research and development center has successfully cast its first aluminium plate using hydrogen. Given the odorless and highly flammable nature of hydrogen, the research center installed an additional...
READ MORERussia Relies Heavily on Alumina Imports from China In the first nine months of 2024, Russia increased alumina imports from China by 43% to 1.2 million tonnes, with imports expanding 1.6 times to 123,100 tonnes in September. In monetary terms, alumina imports from January to September grew 1.7 times to $582.6 million, doubling to nearly...
READ MORECATL to Produce Lithium-Ion Batteries in Indonesia Indonesian state-owned corporation Indonesia Battery has formed a joint venture with China’s Contemporary Amperex Technology (CATL) to establish a lithium-ion battery production facility for electric vehicles. Capital investment in the project is expected to be at least $1.2 billion, with a production capacity of up to 15 gigawatt-hours...
READ MOREWhen discussing the aluminium market, China is always the focal point as both the largest producer and consumer of aluminium globally. Prices for the metal are closely tied to developments there, and currently, there are signs of a slowdown in aluminium demand in China, which is poised to impact the global market. Meanwhile, transformation processes...
READ MOREThe global lithium market is abuzz with Rio Tinto’s acquisition of Arcadium Lithium for a record amount, a move that could reshape the landscape for lithium producers. Additionally, a new player may enter the copper market, while significant changes loom for the aluminium and zinc sectors. TotalEnergies Eyes Entry into Copper Market French oil and...
READ MOREThe first week of October 2024 has concluded, bringing significant updates that shape the current state and outlook of the global non-ferrous metals market. Below are some of the key highlights. LME Eyes Hong Kong for Non-Ferrous Metal Warehouses The London Metal Exchange (LME) is considering several locations near Hong Kong to establish non-ferrous metal...
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