Metal

Tongling Nonferrous Metals Group, a leading Chinese copper producer, has announced a delay in the production start date at its new plant in Anhui province until the second half of 2025. Key points include: The plant, which is the largest copper facility to be built in China in over a decade, is expected to have […]

The premium for aluminium shipments to Japanese buyers for the fourth quarter (October to December) has been set at $175 per metric ton, reflecting a 1.7% increase from the previous quarter. This marks the third consecutive quarterly rise and the highest premium since early 2022. Key points include: The new premium is higher than the […]

Rio Tinto has announced its acquisition of U.S.-based Arcadium Lithium for $6.7 billion, positioning itself as the world’s third-largest lithium producer, crucial for electric vehicle batteries. Key details include: The purchase price is $5.85 per share, representing a nearly 90% premium over Arcadium’s closing price prior to the announcement.This deal will give Rio access to […]

A senior U.S. official has accused Chinese lithium producers of engaging in predatory pricing by oversupplying the global market, leading to significant price drops. Jose Fernandez, the U.S. under secretary for economic growth, energy, and the environment, stated that China is producing far more lithium than necessary, intentionally driving down prices to eliminate competition. Key […]

Arcadium’s extensive lithium portfolio, developed over nearly 40 years, is drawing interest from Rio Tinto as it seeks to enhance its position in the electric vehicle (EV) battery market. The portfolio spans key regions including Quebec, Argentina, and Australia, combining active mines and advanced processing facilities. Key points include: Rio Tinto is exploring a potential […]

Russian aluminium producer Rusal intends to double the capacity of its Boguchansky aluminium smelter in Siberia to 600,000 metric tons by 2030. This announcement was made by the local government in the Krasnoyarsk region. Rusal, the largest aluminium producer outside of China, launched the first production line at Boguchansky in 2019 with an investment of […]

Rio Tinto is reportedly in discussions to acquire the lithium miner Arcadium, which could position Rio as the third-largest producer of lithium, essential for electric vehicle (EV) batteries. Arcadium’s shares surged 36% in extended trading on Friday amid the news. The negotiations have been ongoing, particularly during the LME Week conference in London. While an […]

Anglo American Plc’s CEO, Duncan Wanblad, stated that the company will not become an “inevitable” takeover target following its decision to unbundle its diamond, platinum, nickel, and coal assets. This restructuring is aimed at concentrating on energy transition metals, particularly copper, after successfully fending off a $49 billion takeover bid from BHP Group in May. […]

On Thursday, Indian Trade Minister Piyush Goyal and U.S. Commerce Secretary Gina Raimondo signed a memorandum of understanding (MOU) aimed at enhancing cooperation on supply chains for critical minerals such as lithium and cobalt, essential for electric vehicles and clean energy technologies. This agreement, reached during Goyal’s visit to Washington, seeks to build resilience in […]

Brazilian miner Vale is focusing on increasing its copper output, as new CEO Gustavo Pimenta acknowledged that the company has fallen behind its competitors in this critical industrial metal sector. Vale, primarily known for its iron ore production, aims to produce between 320,000 and 355,000 metric tons of copper this year, significantly lower than the […]