The SHFE lead 2412 contract reached delivery yesterday, reflecting ongoing challenges in the lead market. A combination of high social inventories of lead ingots and subdued downstream consumption has driven lead prices downward. This environment has also slowed the price increase of raw material battery scrap for secondary lead, with some smelting enterprises reducing their...
READ MOREThe global alumina production in October hit a record high of 12.61 million tonnes, representing a 5.6% surge over the previous month’s output of 11.94 million tonnes, according to the International Aluminium Institute (IAI). This figure also marks a 3.62% increase compared to October last year, reflecting growth across all major producing regions. The daily...
READ MOREChina has announced a ban on exports to the United States of minerals related to gallium, germanium, and antimony that could have military applications, according to a statement by its commerce ministry on Tuesday. This announcement comes a day after the United States took steps to further restrict China’s access to advanced semiconductor technology. Beijing’s...
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 MOREIn October, China produced 178,800 tonnes of nickel sulfate, equivalent to 39,300 tonnes of nickel content, reflecting a 2.71% month-on-month (MoM) decline, according to a survey by Mysteel. The production was derived from various sources, including mixed hydroxide precipitate (MHP), high-grade nickel matte, and secondary nickel. The nickel sulfate production is expected to decline further...
READ MOREAnalysts at VTB My Investments have revised their list of the top 10 shares of Russian companies, adding shares of Nornickel and excluding those of Polyus. According to the broker’s latest report, the current composition of the top list includes: Nornickel, Gazprom, Astra Group, Rusal, LUKOIL, ALROSA, Moscow Exchange, Headhunter, Yandex, and Sberbank. The decision...
READ MOREIn mid-July, metallurgist Constellium successfully cast its first aluminum plate using hydrogen combustion at its research center in Voreppe, Isère, France. This marks a significant milestone for the company as it explores sustainable production methods aimed at reducing carbon emissions. The multinational company plans to deploy the hydrogen combustion system, still in the development phase,...
READ MOREThe Société générale des carrières et des mines (Gécamines) in the Democratic Republic of Congo (DRC) recently exported germanium concentrate to Belgium, marking the first time this precious metal has left the DRC in this form. The shipment is destined for Umicore’s Hoboken plant in Antwerp, a development reported by several Congolese media outlets. This...
READ MOREChina’s imports of unwrought copper increased in September compared to the previous month, driven by seasonal demand improvements and a positive consumption outlook for the industrial metal, according to customs data released on Monday. Imports of unwrought copper and related products reached 479,000 metric tons last month, marking a 15.4% rise from August, data from...
READ MOREFollowing the popularity of gold and silver, Costco recently added platinum bars to its lineup of precious metal offerings. Although platinum has not performed as strongly as gold and silver this year, its fundamentals remain solid. Platinum is a relatively newer commodity in the investment landscape. “Platinum is a ‘newer kid on the block’,” said...
READ MOREMTM Critical Metals has made significant strides in extracting metals from electronic waste using a technique known as Flash Joule Heating (FJH). Following earlier reports of high recovery rates for gold, silver, and copper, the company has now added tin and palladium to the list of successfully recovered metals. The extraction process, which does not...
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...
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