Emerita Resources has updated its progress on the metallurgical testing program for its Iberian Belt West project (IBW), aiming to produce commercial grade concentrates. Preliminary results have demonstrated that the IBW can yield base metal concentrates using conventional methods, with recovery rates comparable to other operations in the Iberian Pyrite Belt. David Gower, CEO of Emerita, highlighted the promising initial...
Base Metals
Russia Discusses Support for Rusal Amid Global Sanctions and Trade Adjustments
Russian authorities are actively considering measures to support Rusal, the nation’s leading aluminium producer, amid sweeping sanctions and global market shifts, according to Deputy Industry and Trade Minister Viktor Yevtukhov. Speaking at the “Innoprom. Central Asia” exhibition, Yevtukhov highlighted the minimal impact of the recent US and UK sanctions on Russia’s aluminum exports, noting that the quantities previously sold to...
Global Aluminium Production Surges in March, China Dominates Output
The International Aluminium Institute recently reported a significant 7.2% monthly increase in global aluminium production, reaching 6.07 million tons in March. This represents a 3.5% year-on-year growth from the previous year’s output of 5.87 million tons. Notably, the daily average global production also saw an increase, reaching 195,903 tons in March from 195,413 tons in February. China continues to lead...
Technical Issue Delays First Copper Shipment from New Project in Oman
Al Hadeetha Resources, partly owned by Australian-based Alara Resources, has announced a delay in its maiden shipment of copper concentrate due to a technical snag at its new plant in Al Sharqiyah North Governorate, Oman. The issue involves a ‘tailing filter press’ that has not been performing optimally at the 1 million tonne per annum capacity copper concentrator facility. The...
Getech Partners with East Star Resources for Porphyry Copper Exploration in Kazakhstan
Getech has secured a contract with East Star Resources to locate porphyry copper deposits in Kazakhstan, an initiative under the BHP Xplor 2024 accelerator program. This partnership marks the first application of Getech’s Globe geoscience platform in the search for porphyry copper, following a recent joint venture agreement to explore for sedimentary copper in the region. Under the new contract,...
Zinc Market Faces Pressures Amid Global Economic Slowdown and Surging Supplies
Zinc prices, currently at a one-year high on the London Metal Exchange (LME), are under threat from slow global economic growth and a surplus of supplies, according to industry analysts. Despite recent highs, the outlook for zinc demand remains subdued, particularly due to ongoing weakness in China’s property market and a general deceleration in global economic activity. The Australian Office...
Aluminum Prices Surge Post-Qingming Festival, Impacting Extrusion Sector Demand
Following the Qingming Festival, aluminum prices have seen a significant increase, crossing the 20,000 yuan per metric ton ($2760/mt) threshold. This price surge has led to caution among downstream customers, notably affecting order placements across various sectors of the aluminum extrusion industry. According to data from SMM, aluminum extrusion companies have reported a decline in orders, with the operating rate...
Russian Scientists Develop High-Temperature Aluminium Composite
Scientists from the Moscow Aviation Institute (MAI) have achieved a significant breakthrough in materials science with the development of a new aluminium composite capable of withstanding temperatures up to 600°C. This pioneering material, reinforced with titanium fiber, far exceeds the heat tolerance of existing aluminium alloys, which typically lose strength above 300°C. According to Dmitry Ivanov, the project leader, this...
Saudi Arabia’s Strategic Moves in Global Mining to Support Economic Diversification
Saudi Arabia is making significant strides in the global mining sector as part of its broader strategy to diversify its economy beyond oil. The nation has recently launched several initiatives to enhance its presence in the international mining landscape, supporting the ambitious Vision 2030 and National Transformation Plan. In January 2023, Saudi Arabia established Manara Minerals, a joint venture between...
Luoyang Molybdenum Leads Global Copper Production Surge as Industry Faces Mixed Fortunes
The world’s major mining companies have recently released their financial results for 2023, with projections indicating varied expectations for copper production in 2024. Amidst this, Luoyang Molybdenum Group Co., Ltd stands out with an expected addition of 150,500 tons of copper, positioning it as a leader in new global copper production. Despite a collective 1% increase in production among the...