Panther Metals has voiced its support for Fulcrum’s recent expansion of the Charlot-Neely uranium-gold project in northern Saskatchewan, Canada. With the staking of three new claim blocks, Fulcrum has added a significant 4,856 hectares to the project’s area. Panther’s connection to this venture is evident; the company currently holds a 19.99% interest in Fulcrum. Beyond this stake, Panther also possesses...
Adriatic Metals and Boliden have announced a collaboration to produce zinc and other metals, adhering to the topmost ESG (Environmental, Social, and Governance) standards. Boliden’s smelter expansion, the Green Zinc Odda project, will boost the annual production capacity from 200 kilotonnes to 350 kilotonnes, making it one of the most environmentally friendly zinc productions globally. In a press-release, Vildana Mahmutovic...
Background: The CIG, a prominent union in Galicia representing worker rights, has been in talks with Alcoa to ensure job security and uphold production standards. Alcoa’s plant in San Cibrao, A Mariña, is pivotal in the aluminum production landscape. The company had earlier shut down its electrolysis tanks and has now temporarily halted operations in the smelting section, which remained...
The Almalyk Mining and Metals Combine (AGMK), a significant copper, silver, and gold producer in Uzbekistan, has secured a $2.55 billion loan from Germany’s KfW-IPEX Bank. This financial move aims to double AGMK’s current production capacity. Last year, AGMK produced 148,500 metric tons of copper. AGMK’s operations are primarily based on reserves of copper-molybdenum, lead-zinc, and gold-silver deposits found in...
Southern Palladium has taken a significant step forward with its Bengwenyama Platinum-Group Metal project by submitting a Mining Right Application (MRA) to South Africa’s Department of Mineral Resource and Energy (DMRE). Located on the Eastern Limb of the Bushveld Complex, the project is 70% owned by Southern Palladium. This application marks the transition of the company from a pure exploration...
South Africa, holding approximately 80% of the world’s platinum group metals, is uniquely positioned in the green hydrogen revolution. Platinum, essential for hydrogen-producing electrolyzers, underscores the nation’s pivotal role. The government has unveiled a ZAR 270bn (US$17.8bn) plan to drive green hydrogen projects over a decade. With an aim for both domestic use and export, it’s supported by over 100...
Nickel might remind you of a shiny five-cent coin, but there’s more to it than meets the eye. With the increasing demand from low-carbon technologies, this metal is dancing with the devil, both in its uses and its volatile price. Nickel’s Resume: Mostly found giving stainless steel its oomph (about 70% of world demand), nickel’s now stealing the limelight in...
The future of the global transition to electric vehicles is intricately linked to a remote region in Canada – the Ring of Fire. The Untapped Wealth: Located in Northern Ontario, far from any major roads and surrounded by dense forests and peat bogs, the Ring of Fire is recognized by industry experts and government officials as a crucial reservoir of...
China’s slowing economy is impacting the metal market with prices on a decline. As a major consumer of metals, its economic deceleration prompts traders to look elsewhere, specifically towards oil and select agricultural commodities. Metals Feel the Heat Hedge funds, eyeing the broader picture, anticipate a deeper slump in metals, ranging from platinum and aluminum to silver and copper. This...
China’s Influence on Metal Trading: The economic slowdown in China, a major metal consumer, is causing concern in global metal markets. This has led to declining prices and traders looking for alternative investment avenues. Impact on Metal Prices: Metals like copper, aluminum, and zinc have decreased in value, with nickel experiencing a notable 38% decline. With China consuming a significant...
