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The operator of the Bisie mine, Alphamin Resources Corp. (TSXV: AFM; JSE AltX: APH), announced that its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) for the first quarter of 2024 increased by 156% year-over-year. In the quarter ending March 31, 2024, ore processed increased by 4% to 109,424 tons compared to the previous quarter, […]

According to a report released by the International Energy Agency (IEA) on Thursday, battery storage costs are expected to significantly decrease in the coming years, which will accelerate the transition from fossil fuels to renewable energy, crucial for achieving climate and energy goals. Although renewable energy generation is already cheaper than coal and gas power

According to a report by Mining.com citing Bloomberg, the International Monetary Fund (IMF) estimates that by 2050, the value of metals required for energy transition in Sub-Saharan African countries could reach nearly $2 trillion. In an article published on April 19, the IMF predicted that under the scenario envisioned, the global production value of copper,

According to foreign reports on April 17th, the tight supply of nickel ore in Asia may ease between April and June, as Indonesian production is expected to increase following the government’s decision to expedite the approval process for mining quotas. Indonesia, the world’s largest nickel producer, experienced delays in mining approvals at the beginning of

According to data from the Ministry of Industry and Information Technology, based on information from lithium battery industry standard announcement companies and industry association estimates, the total production of lithium batteries in China exceeded 117 GWh in January-February, representing a 15% increase year-on-year. In the battery segment, the production of energy storage lithium batteries exceeded

According to Mining.com, Atico Mining has reported promising findings from its drilling operations at the El Roble copper-gold mine in Choco province, Colombia. The company stated that the drilling targeted densification of the main ore body extensions that were mined before its acquisition of the mine in 2013. Drill hole ATD-0262 found ore at a

On April 8th, the main futures contract for Shanghai Aluminum neared 20,000 RMB per ton, reaching a new high since June 2022. Shanghai Nonferrous Metals analyst Li Jiahui believes that from a supply and demand perspective, the domestic electrolytic aluminum market is expected to be in a tight balance in 2024. The production of domestic

On April 4th, during the extended holiday week, China’s export container shipping market remained basically stable. Due to differences in the supply and demand fundamentals on various routes, trends continued to diverge, with the composite index experiencing a slight increase. According to data released by S&P Global, the Caixin China Manufacturing Purchasing Managers’ Index (PMI)

Nippon Steel (NPSCY.US) will continue to advance its approximately $15 billion acquisition plan for U.S. Steel (X.US), despite President Biden’s call for keeping U.S. Steel under American ownership. Nippon Steel remains confident in the deal’s potential to promote U.S. Steel’s growth. Tadashi Imai, the new president of the Japanese steel manufacturer, emphasized the company’s deep

PT Amman Mineral Internasional, an Indonesian copper miner, announced on Wednesday that in addition to its 2024 production target of 833,000 metric tons of copper concentrate (a 54% increase year-over-year), it also plans to request a delay in the copper export ban. According to Reuters, Amman’s CEO stated on Wednesday that the company is negotiating