LME

EQS-News: Befesa delivered €182m adjusted EBITDA despite a persistently challenging year 2023

Retrieved on: 
Wednesday, March 13, 2024

The recycled volumes of aluminium salt slags increased by 12% to 361 kt in 2023, with an average capacity utilisation of around 77%.

Key Points: 
  • The recycled volumes of aluminium salt slags increased by 12% to 361 kt in 2023, with an average capacity utilisation of around 77%.
  • On base metal prices, zinc LME prices were persistently low compared to the prior year and averaged €2,450 per tonne in 2023 (-26% yoy).
  • Further information on ESG at Befesa during 2023 will be provided in the Befesa ESG Report 2023, which will be published in June 2024.
  • Despite the current market challenges, Befesa recognises a significant growth opportunity in China and maintains a positive midterm outlook.

EnviroGold Global Announces Positive Initial Test Results with a Second Major Global Metal Production Company

Retrieved on: 
Tuesday, February 27, 2024

TORONTO, Feb. 27, 2024 (GLOBE NEWSWIRE) -- EnviroGold Global Limited (CSE: NVRO | OTCQB: ESGLF | FSE: YGK) (“EnviroGold Global” or the “Company”), develops and owns clean technology working to quickly supply society’s need for low carbon economy metals from mine waste, is pleased to announce the successful completion of initial test work for its Smelter By-Product Project with a major global metal production company.

Key Points: 
  • TORONTO, Feb. 27, 2024 (GLOBE NEWSWIRE) -- EnviroGold Global Limited (CSE: NVRO | OTCQB: ESGLF | FSE: YGK) (“EnviroGold Global” or the “Company”), develops and owns clean technology working to quickly supply society’s need for low carbon economy metals from mine waste, is pleased to announce the successful completion of initial test work for its Smelter By-Product Project with a major global metal production company.
  • The initial test work, conducted by our inhouse team of experts, in conjunction with Brisbane Metallurgical Laboratories in Brisbane, Australia, focused on optimizing copper, silver, lead, zinc, and iron recovery from the smelter by-product, which results from previous metal processing operations.
  • The test results confirmed excellent liberation of critical and precious metals using EnviroGold Global’s proprietary hydrometallurgical process (NVRO process) and support moving to phase 2 testing.
  • The company is pleased to report the initial test results on a leach of the smelter by-product showed a strong oxidation rate and recovered very high levels of metals.

Aaron Brown Joins iSAM Securities to Drive Growth in MENA Region

Retrieved on: 
Monday, February 26, 2024

Aaron Brown joins iSAM Securities in a strategic move to expand into the Middle East.

Key Points: 
  • Aaron Brown joins iSAM Securities in a strategic move to expand into the Middle East.
  • View the full release here: https://www.businesswire.com/news/home/20240223103047/en/
    Aaron Brown Joins iSAM Securities to Drive Growth in MENA Region (Photo: Business Wire)
    Joining iSAM Securities after his departure from IXO Prime, where he was Head of Institutional Sales MENA, Brown brings a range of expertise to the group.
  • iSAM Securities, recognized for its award-winning multi-asset liquidity, cutting-edge technology, and robust risk management services, is poised to offer these capabilities to institutional clients in the MENA region.
  • Samuel Johnson, Managing Director, iSAM Securities said, “We are delighted to welcome Aaron Brown to the team and work with him to spearhead our growth in the region.

Norsk Hydro: Changing the aluminium game - Strengthening position in challenging markets

Retrieved on: 
Wednesday, February 14, 2024

All business areas, except Bauxite & Alumina, delivered returns above their cost of capital in challenging markets during 2023.

Key Points: 
  • All business areas, except Bauxite & Alumina, delivered returns above their cost of capital in challenging markets during 2023.
  • At the same time, lower trailer build rates in North America have started to negatively impact demand in the transport segment.
  • A weakening extrusion ingot market is further putting pressure on product premiums and several remelters are faced with negative margins, consequently.
  • The transactions enable capital reallocation into strategic growth areas, strengthening Hydro’s earnings resilience in a rapidly changing global landscape.

Nickel 28 Releases Ramu Q4 and Full Year 2023 Operating Performance

Retrieved on: 
Tuesday, February 13, 2024

Nickel 28 currently holds an 8.56% joint-venture interest in Ramu which is operated by Metallurgical Corporation of China.

Key Points: 
  • Nickel 28 currently holds an 8.56% joint-venture interest in Ramu which is operated by Metallurgical Corporation of China.
  • Full Year and Q4 2023 Ramu Highlights:
    Ramu Q4 2023 nickel production of 7,825 tonnes, representing an 8% decrease from the same period last year, mainly due to unplanned outages as a result of earthquake events.
  • Ramu Q4 2023 nickel sales of 8,298 tonnes and full year sales of 34,122 tonnes of contained nickel.
  • Ramu Q4 2023 cobalt sales of 755 tonnes and full year sales of 3,086 tonnes of contained cobalt.

SIGMA LITHIUM SHIPS 22,000 TONNES OF LITHIUM CONCENTRATE: GLENCORE PREPAID 50% AT PREMIUM PRICES

Retrieved on: 
Monday, February 5, 2024

SÃO PAULO, Feb. 5, 2024 /PRNewswire/ -- Sigma Lithium Corporation ("Sigma Lithium" or the "Company") (NASDAQ: SGML, BVMF: S2GM34, TSXV: SGML), a leading global lithium producer dedicated to powering the next generation of electric vehicles with carbon neutral, socially and environmentally sustainable lithium concentrate, announces it has completed loading its sixth shipment of concentrate, totalling 22,000 tonnes, at the Port of Vitoria.

Key Points: 
  • Sigma Lithium announces that it is completing the loading of 22,000 tonnes of Quintuple Zero Green Lithium to Glencore at the Port of Vitoria tonight.
  • Glencore has prepaid 50% for the shipment of Sigma's Quintuple Zero Green Lithium concentrate at a provisional premium price of 7.5% of the quoted LME/Fastmarkets lithium hydroxide price (average China, Japan, South Korea).
  • This shipment demonstrates the consistent performance of Sigma Lithium's Greentech Plant achieving annualized nameplate capacity of 270,000 tonnes of Quintuple Zero Green Lithium.
  • This prepayment reflects premium pricing at a 7.5% provisional price of lithium hydroxide at LME (average China, Japan, South Korea) for the Company's unique Quintuple Zero Green Lithium concentrate ("Quintuple Zero Green Lithium").

Surmodics Announces Successful Early Clinical Use of Pounce™ LP (Low Profile) Thrombectomy System, Designed to Address a Critical, Unmet Need by Facilitating Removal of Thrombi and Emboli Below the Knee

Retrieved on: 
Monday, January 22, 2024

Surmodics’ Pounce Thrombectomy devices are intended for the non-surgical removal of thrombi and emboli from the peripheral arterial vasculature.

Key Points: 
  • Surmodics’ Pounce Thrombectomy devices are intended for the non-surgical removal of thrombi and emboli from the peripheral arterial vasculature.
  • The new Pounce LP Thrombectomy System is indicated for use in vessels ranging from 2 mm to 4 mm in diameter, sizes typical of vessels found below the knee.
  • The Pounce LP System complements the original Pounce Thrombectomy System, introduced in 2021, which is indicated for use in vessels 3.5 mm to 6 mm in diameter.
  • The Pounce LP System’s ability to capture and remove these unexpected emboli adds yet more value to this device for BTK revascularization.”

Power Nickel Raises $2,180,000, Outlines 2024 Plans

Retrieved on: 
Tuesday, January 9, 2024

It is expected in February that Power Nickel will announce the terms of the Plan of Arrangement and complete it in Q2.

Key Points: 
  • It is expected in February that Power Nickel will announce the terms of the Plan of Arrangement and complete it in Q2.
  • At that time, we would expect to have fully funded the spinout initial plans privately while unassociated with the Power Nickel balance sheet.
  • Power Nickel plans to sell both a 10% stake in the Company and a 10% offtake agreement on the production from any future mine at Nisk during H1 of 2024.
  • Together, we look forward to a very exciting and big year," added Power Nickel CEO Terry Lynch.

Power Nickel Closes $0.90 per share Flow-Through Financing of $2.75 Million

Retrieved on: 
Monday, December 4, 2023

"This report constitutes a base case study which assumes that Power Nickel would make a concentrate from the material extracted.

Key Points: 
  • "This report constitutes a base case study which assumes that Power Nickel would make a concentrate from the material extracted.
  • Power Nickel would expect to release prior to year-end benchmark studies from CVMR that provide insight into these enhanced recoveries.
  • "Since August, Power Nickel has drilled 4,700 metres over seven holes and the 2023 MRE only includes the first hole of this program, PN-23-036.
  • Kenneth Williamson, Géo, M.Sc., VP Exploration at Power Nickel, is the qualified person who has reviewed and approved the technical disclosure contained in this news release.

Delphos Takes a Focus on D.R.Congo's Critical Mineral Value Chain

Retrieved on: 
Tuesday, November 28, 2023

Delphos interest in the Democratic Republic of Congo's need to improve its critical mineral value chain, demonstrates that although more complex, financial resources can be raised for the creation of local refineries, a promising initiative from an ESG perspective.

Key Points: 
  • Delphos interest in the Democratic Republic of Congo's need to improve its critical mineral value chain, demonstrates that although more complex, financial resources can be raised for the creation of local refineries, a promising initiative from an ESG perspective.
  • "Being on the ground and meeting key stakeholders as well as key partners are crucial to a project that can potentially change the national value chain of critical minerals," said Ambassador Rahmani.
  • He added that it could become a leading project for investing in the critical mineral value chain in Africa.
  • Delphos sees high value for this type of project and the opportunities it could bring to the people of the Democratic Republic of Congo especially those affected by the global critical minerals value supply chain.