Baowu Magnesium has announced that on the morning of January 18th, the world’s largest rotary kiln in the magnesium industry was ignited and put into production at Chaohu Yunhai Magnesium Co., Ltd. (referred to as Chaohu Yunhai). The kiln, with a diameter of 5.8 meters and a length of 80 meters, represents an investment of […]
On January 17th, as reported by MiningWeekly, the consulting firm Benchmark Mineral Intelligence (BMI) released its annual forecast report for the mining and metals industry. The report emphasizes that the industry is experiencing a moderate recovery due to the global economic slowdown. BMI’s Chief Commodity Analyst, Sarbin Chowdhury, states that the firm is overall optimistic
On January 8th, local time, Nickel 28 Capital Corp announced its production for 2023 and the production guidance for 2024 for its Ramu nickel-cobalt operation in Papua New Guinea. Nickel 28 currently holds an 8.56% joint venture interest in Ramu, which is operated by the China Metallurgical Group Corporation. As of December 31, 2023, for
Nickel 28: Ramu Produces 33,604 Tons of Nickel in 2023 Read More »
Metals X Limited (Australian Securities Exchange stock code: MLX) has announced the latest mine life plan for its Renison Bell mine. Renison Bell, Australia’s largest tin mine, is expected to operate at least until 2035. Through exploration and potential reserve evaluation, the (metal) reserve is confirmed to be 8.225 million tons, with a tin content
Metals X Company’s Renison Bell Mine Has a Tin Content of 1.48% Read More »
Amid supply-side disruptions and ongoing expectations of interest rate cuts by the Federal Reserve, copper, which has been highly volatile over the past year, appears to be showing signs of an upward breakout. Market sentiment has increasingly turned bullish. A report from Citibank suggests that copper prices could reach $15,000 per ton by 2025, surpassing
Major International Banks Bullish on Copper! These Factors are Influencing Copper Prices Read More »
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
