Cash-strapped miner Nevada Copper (TSX: NCU) has filed for bankruptcy protection under Chapter 11, kicking off a restructuring process during which its Pumpkin Hollow mine will be halted. President and chief executive, Randy Buffington, has resigned and the Canadian company has appointed mining veteran Tom Albanese, its lead independent director, as the new chairperson. The […]
Battery Metals
Fast-charging sodium-ion battery uses anodes made from trees
A month after Natron Energy began its first-of-kind sodium-ion battery mass production, Swedish sodium-ion developer Altris has identified a means of making the lithium-free batteries even more sustainable. Together with partner Stora Enso, it’s adapting tree pulp-sourced carbon toward use as an anode material. A byproduct of wood pulp manufacturing, lignin has long been investigated […]
Gold price falls most in two years on jobs data, China buying pause
Gold fell the most in more than two years as surprise strength in a key US jobs report dashed hopes that the Federal Reserve will be able to start lowering borrowing costs soon. Treasury yields and the dollar surged after the US government’s May employment report showed job growth exceeded expectations and wages were hot. […]
Rare Earths Norway says its REE discovery is Europe’s largest
Rare Earths Norway (REN) has announced a mineral resource estimate that it said shows its Fen Carbonatite Complex in the country’s southeast hosts continental Europe’s largest deposit of rare earth elements. After three years of targeted exploration, REN delivered this week a Maiden Mineral Resource estimate for the Fen carbonatite complex, reported according to the […]
Traders are desperate for copper deals and miners are cashing in
A heated competition for copper among some of the biggest commodity traders is creating opportunities for miners to negotiate favorable terms ranging from huge upfront payments to extra-long contracts. Recent moves by cash-flush energy traders including Mercuria Energy Group Ltd. to expand in metals — a market long dominated by Glencore Plc and Trafigura Group […]
Palladium not written off the road yet, miners say
The price of palladium may gain in the short term if constraints on recycling tighten and car buyers remain wary of electric vehicles (EVs) because of high interest rates, the World Platinum Investment Council says. The supply of the metal, which is used in catalytic converters for pollution control on internal combustion engine (ICE) autos, […]
South Korean, African leaders pledge deeper ties, critical mineral development
South Korean President Yoon Suk Yeol and the leaders of African countries agreed on Tuesday to forge deeper trade and business cooperation and launched a “critical minerals dialogue” aimed at sustainable development of the continent’s resources. Hosting a first-ever summit with the leaders of 48 African nations, Yoon said South Korea would increase development aid […]
New technocrat Mexican leader unlikely pro-mining even as she replaces ‘whim and bombast’
Claudia Sheinbaum, a climate scientist, won Mexico’s election to become the country’s first female leader and is expected to continue the anti-mining policies of outgoing President Andres Manuel López Obrador. Sheinbaum secured the most ballots on Sunday in the nation’s 200-year democratic history, as much as 61% of the vote, according to a sample count […]
Argentine Chamber of Mining Companies rejects possible royalty hike
The Argentine Chamber of Mining Companies (CAEM) issued a communiqué rejecting a possible 5% increase in mining royalties, a proposal presented by Senator Antonio Carambia from the southern Santa Cruz province. According to both the Chamber and local media, the government is working to secure a favourable vote for the proposal in Congress. This – […]
Deep-sea nickel hits battery grade for The Metals Co.
Nickel that The Metals Company mined from the bottom of the Pacific Ocean can be used in electric vehicle batteries, Geneva-based verification and inspection firm SGS says. An SGS lab in Ontario produced high-purity nickel sulphate from polymetallic nodules, suitable for the battery chemicals market, the tester said this week. The nickel sulphate was generated […]
