According to IDDMIB news on January 2, 2024, Fikret Kaya, a member of the Supervisory Committee of the Istanbul Ferrous and Non-Ferrous Metals Exporters’ Association (IDDMIB), stated that the 8% anti-dumping duty on stainless steel must be abolished. He emphasized that stainless steel, primarily sourced from the Far East, is a major raw material used […]
In November, there was a noticeable improvement in cobalt’s end consumption, but the production of ternary materials, ternary precursors, and cobalt sulfate continued to contract. The industry chain actively promoted the de-stocking of raw material inventories, leading to a decline in cobalt prices to the historical bottom. The surplus situation of cobalt resources is expected
No Further to Fall: Cobalt Prices Hit Historical Bottom Read More »
According to Mining.com citing Reuters, Japan’s Minister of Economy, Trade, and Industry Yasutoshi Nishimura recently stated that Japan-US relations are “better than ever,” but he declined to comment on the US review of Nippon Steel’s acquisition of US Steel. At a press conference, Nishimura noted that he was aware of the US National Economic Council
Nippon Steel’s Acquisition of US Steel Faces Scrutiny Read More »
According to foreign media reports, Argentine President Javier Milei stated on a program that Tesla CEO Elon Musk and the US government have shown interest in Argentina’s lithium reserves. Milei revealed, “I received a call from Elon Musk. He is very interested in lithium, as is the US government and many American companies. However, they
Argentine President: Musk Interested in the Country’s Lithium Reserves Read More »
According to an official announcement from Marubeni Corporation (“Marubeni”), the company has partnered with Antofagasta plc to invest in the expansion project of Minera Centinela copper mine located in Chile. The consumption of copper has historically been linked to the urbanization, electrification, and infrastructure development in developing countries. Recently, it has also been associated with
According to foreign reports on December 18th, Australia has opened the door for government-funded copper and nickel projects, categorizing them as crucial materials for global energy transition but not yet facing supply chain disruptions. Strategic materials will be eligible for around $40 billion in government funding from institutions such as Export Finance Australia, the Northern
Australia Opens Doors for Government-Funded Copper and Nickel Projects Read More »
Sky Metals Unearths High-Grade Tin Mineralization in Tallebung Sky Metals conducted conceptual drilling outside the open-pit mine in Tallebung and discovered additional high-grade tin mineralization, indicating that the resource extends beyond the known mineralized zone. As part of the mining and environmental permitting process for the Tallebung Tin Project in New South Wales, two groundwater
Sky Metals Unearths High-Grade Tin Mineralization in Tallebung Read More »
According to foreign reports on December 11th, the closure and production interruptions of copper mines have rapidly altered the copper supply landscape, leading analysts to lower their forecasts for copper oversupply, sending a positive signal for the industrial metal’s price. The London Metal Exchange (LME) copper price rose last Friday to $8,640 per ton, reaching
In September 2023, the European Union (EU) introduced the “Critical Raw Materials Act” (CRMA), with copper and nickel being included in the list. As essential raw materials for modern industry, the EU’s decision to include these two metals in the critical raw materials list aims to ensure a stable supply and promote its own energy
In October of this year, Japan and the United States announced a trade agreement related to clean energy technology minerals. Not long before that, South Korean battery giant LG Energy Solutions (LGES) stated that it had signed an investment agreement with Australian lithium developer Green Tech Metals Ltd. to strengthen the procurement of key minerals
