互联网收集(Internet Sources)

Indonesia to Regulate Nickel Ore Supply to Support Prices, Says Minister

According to external reports on October 18, Indonesia’s mining minister stated on Friday that Indonesia aims to manage nickel ore supply and demand to support prices. Delays in quota approval have forced some smelters to import ore from the Philippines. Mining Minister Bahlil Lahadalia told reporters that starting this year, Indonesia extended the validity of […]

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China’s Industrial Capacity Utilization Rate Reaches 75.1% in Q3 2024

In the third quarter of 2024, the national industrial capacity utilization rate for large-scale industries was 75.1%, down 0.5 percentage points year-on-year, but up 0.2 percentage points from the second quarter. By sector, the mining industry had a capacity utilization rate of 74.6%, the manufacturing sector stood at 75.2%, and the power, heat, gas, and

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Northvolt’s Ett Expansion AB Files for Bankruptcy Amid Financial Struggles

Northvolt finds itself deeper in uncertainty, but some clarity has emerged. On October 8th, Northvolt announced that its subsidiary, Ett Expansion AB, filed for bankruptcy with the Stockholm District Court. This follows the suspension of the Northvolt Ett expansion project. Ett Expansion AB, which had no direct employees, was responsible for the project’s construction. Despite

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India and US Sign Agreement to Strengthen Critical Mineral Supply Chains for EVs and Clean Energy

According to Mining.com, citing Reuters, Indian Trade Minister Piyush Goyal and U.S. Commerce Secretary Gina Raimondo recently signed an agreement to enhance lithium, cobalt, and other critical mineral supply chains needed for electric vehicles and clean energy. The agreement was signed during Goyal’s visit to Washington, with the goal of boosting the resilience of critical

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LME Copper Stock Drops to Two-Month Low as NY Copper Hits Two-Year High

According to data from the London Metal Exchange (LME), copper stockpiles reached a five-year high on August 29 but have since decreased, with last week’s inventory dropping to 297,300 tons, marking a two-month low. The latest data from the Shanghai Futures Exchange (SHFE) showed that copper inventories continued to decline, falling by 14.87% to 140,408

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Aluminum Prices Show Resilience Amid Macro Policies and Seasonal Demand

Since the third quarter, Shanghai aluminum prices have undergone fluctuations—initial declines, followed by rebounds, corrections, and then another upward movement. As of September 25, Shanghai aluminum remains in a new rebound phase driven by positive macroeconomic factors. Recent internal and external favorable policies have contributed to the aluminum market’s strength. Industry Profit Recovery As aluminum

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China’s Economic Boost Lifts Copper Prices as LME Copper Surges Above $10,000 per Ton

On September 26, the Chinese Communist Party’s Politburo held a meeting to discuss the current economic situation and deploy next steps for economic work. The meeting emphasized implementing existing policies while adding new ones to achieve the annual economic development goals. Boosted by these efforts, LME copper prices rose by $268 to $10,080 per ton,

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Indonesian President Inaugurates Amman Mineral’s $1.4 Billion Copper Smelter, Aims to Boost Global Demand for Indonesian Copper

On Monday, Indonesian President Joko Widodo inaugurated Amman Mineral Internasional’s $1.4 billion copper smelter in West Nusa Tenggara. He encouraged global customers to turn to Indonesia for copper products, stating that the new smelter has an annual capacity to process 900,000 tons of copper concentrate. The smelter is expected to start producing 220,000 tons of

Indonesian President Inaugurates Amman Mineral’s $1.4 Billion Copper Smelter, Aims to Boost Global Demand for Indonesian Copper Read More »

First Quantum Opens Voluntary Retirement Plan for Workers at Cobre Panama as Mine’s Future Remains Uncertain

According to sources, First Quantum Minerals has opened a voluntary retirement plan for workers at the Cobre Panama copper mine as the company awaits the government’s decision on reopening the mine. The mine was shut down after Panama’s Supreme Court declared its contract unconstitutional, following protests against its environmental impact. The Panamanian government, under President

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Barrick to Complete Feasibility Study for Lumwana Expansion by Year-End

Barrick Gold is expected to complete the feasibility study for the Lumwana Mine expansion in Zambia by the end of 2023, paving the way for construction to begin in 2025. The expansion will transform Lumwana into a long-life, high-output Tier 1 copper mine, potentially ranking among the world’s top 25. The plan includes doubling processing

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