Tag Archives: Copper

#India’s push for self-reliance in #RareEarth Magnet making is laudable

Posted on by Leave a comment
A collection of various rare earth magnets in different shapes and colors, displayed prominently in an industrial setting, with flags of India in the background.

Presently, there are a few small Indian companies engaged in manufacturing rare earth magnets. The industry needs a big push to feed the new generation of industries – from electric vehicles to fighter aircraft engines, wind turbines, and laptops to mention a few. Lately, it has come into a big focus as the world is moving towards electric vehicles. Rare earth magnet is a crucial component of electric vehicles (EVs). Fortunately, India has large rare earth deposits. Globally, it ranks third after China and Brazil.

The demand for rare earth magnets in India is expected to increase sharply in the coming years, driven by the expansion of EV manufacturing, increasing electronics output, defence production, industrial automation and renewable energy generation. For the present, the country uses rare earth magnets to the extent of 4,000 tonnes per year, mostly through imports. Among the companies currently manufacturing rare earth magnets in India are: IREL (India) Limited, Permanent Magnets Limited, Ashvini Magnets Private Limited, Star Trace, Eriez Magnets, Kumar Magnet, Sonal Magnetics, A to Z Magnet Mfg. Co. and Pragati Enterprises. The demand for rare earth magnets is projected to double by 2030. Lately, China has imposed restrictions on exports. Earlier this year, China slapped export licenses for seven types of rare earth elements and derivative products.

Posted on October 19, 2016

‘#India not realising potential of #RareEarth industry’

Read more at: https://thenorthlines.com/indias-push-for-self-reliance-in-rare-earth-magnet-making-is-laudable/

Western #Canada holds potential to become a ‘critical minerals processing behemoth,’ expert says

Posted on by Leave a comment

A group of battery metal exploration companies and startups says it has a plan to turbocharge Canada’s critical minerals sector by building out “midstream” mineral processing facilities in Western Canada.

Two reports published by the Battery Metals Association of Canada, which hired analysts at the Transition Accelerator to consult with their members, identified nine critical minerals — copper, graphite, iron, nickel, lithium, phosphate, rare earths and vanadium — and five regions where they see big opportunities for major projects.

For example, British Columbia has at least four producing copper mines, which all ship their copper concentrate overseas, primarily to China, because there are no smelters in Western Canada. Building a copper smelter could encourage copper production and exploration while also creating higher-value products to sell, the reports said.

“If you wanted to put together a critical minerals processing behemoth anywhere in the world, the assets that we have in Alberta to do that are just phenomenal,” Bentley Allan, a professor of political economy at Johns Hopkins University and a principal at Transition Accelerator, said. “It has the chemical processing expertise, the clean power resources, other kinds of machining and precision instruments, which make Alberta a really incredible place to do this.”

Read more at: https://financialpost.com/commodities/mining/western-canada-critical-minerals-processing-behemoth

Miner backed by #Canada province vows to compete with #China in rare earths

Posted on by Leave a comment

The Canadian province of Saskatchewan has vowed to compete with China in processing and production of rare earths and become the first North American commercial alternative source for the metals, used to make magnets for electric vehicles and wind turbines.

The Saskatchewan Research Council Rare Earth Processing facility is betting on demand for these magnets to jump in the next couple of years, driven by demand from original equipment manufacturers such as automakers.

The SRC Rare Earth processing facility has begun production on a commercial scale and expects to hit a production target of 40 tonnes of rare earth metals per month by the end of this year. And it will produce 400 tonnes of the NdPr metals per year, which is enough to produce 500,000 EVs, according to SRC. The facility has already tied up with potential clients in South Korea, Japan and the United States.

Read more at: https://www.reuters.com/markets/commodities/miner-backed-by-canada-province-vows-compete-with-china-rare-earths-2024-09-23/

BHP Billiton makes copper discovery in WA outback

Posted on by Leave a comment

BHP Billiton is understood to have made a substantial copper discovery in the remote West Australian outback, in a move that could finally help open up the potential of the West Musgrave region.

Industry sources told The Australian that recent drilling by BHP at the Succoth prospect had returned broad intersections of copper mineralisation at relatively high grades.

http://www.theaustralian.com.au/business/mining-energy/bhp-billiton-makes-copper-discovery-in-wa-outback/story-e6frg9df-1226617715382

Rio Tinto adds Australia copper mine to “for sale” list – source

Posted on by Leave a comment

(Reuters) – Rio Tinto has hired investment bank Macquarie to sell its majority stake in the Northparkes copper mine in Australia, a source familiar with the matter said, adding to a growing list of planned divestments.

http://www.reuters.com/article/2013/04/04/riotinto-northparkes-idUSL5N0CR3Q220130404

 

Sumitomo plans to increase electrolytic nickel production by 30 percent to 53,200 tons.

Posted on by Leave a comment

The Tokyo-based company forecast refined copper output will fall to 423,000 metric tons in the year started April 1 from the previous year’s estimated output of 436,000 tons, it said in astatement today. The company plans to increase electrolytic nickel production by 30 percent to 53,200 tons, it said.

http://www.bloomberg.com/news/2013-04-01/sumitomo-metal-mining-to-cut-copper-output-3-in-fiscal-2013.html

 

Finance deals put growing mountains of metal out of reach

Posted on by Leave a comment

LONDON, Feb 21 (Reuters) – The world’s warehouses are packed with ever more metal like copper that industrial users think they can use if needed, but they could suffer costly surprises: big financial firms have other plans for the material.

http://www.reuters.com/article/2013/02/21/metals-stocks-squeeze-idUSL5N0B8BXE20130221

Rio Tinto considers restarting Papua New Guinea copper mine

Posted on by Leave a comment

Rio Tinto is looking into restarting its Panguna mine in Papua New Guinea, one of the world’s largest sources of copper and gold.

http://www.reuters.com/article/2013/02/07/riotinto-australia-bougainville-idUSL4N0B72ZC20130207

Copper in London Gains Most in a Month on China Demand

Posted on by Leave a comment

Copper in London jumped by the most in almost a month on expectations that a recovering Chinese economy will boost demand from the largest user. Aluminum, zinc, lead, nickel and tin also advanced.

http://www.bloomberg.com/news/2012-12-27/copper-in-london-gains-most-in-a-month-on-china-demand.html

 

Xstrata mine in Philippines set back to 2019

Posted on by Leave a comment

MANILA, Philippines—Swiss mining giant Xstrata has set back the commercial production of its $5.9-billion project in the Philippines to 2019 due to problems with security and the government, the company said Wednesday.

http://business.inquirer.net/97991/xstrata-mine-in-philippines-set-back-to-2019

 

« Older Entries