Glencore

Platinum Market size is set to grow by USD 1.75 billion from 2024-2028, growing demand for platinum in various industries to boost the market growth, Technavio

Retrieved on: 
Wednesday, June 19, 2024

Ltd., Johnson Matthey Plc, Nihon Material Co.Ltd., Northam Platinum Ltd., PJSC MMC Norilsk Nickel, Platinum Industries Pvt.

Key Points: 
  • Ltd., Johnson Matthey Plc, Nihon Material Co.Ltd., Northam Platinum Ltd., PJSC MMC Norilsk Nickel, Platinum Industries Pvt.
  • The automotive sector accounts for over 35% of platinum demand.
  • Overall, the Platinum Market is witnessing a surge in demand for hydrogen and fuel cells, as well as electrification technologies.
  • By staying proactive and adaptable, businesses can navigate the complexities of the Platinum Market and thrive in an ever-changing environment.

Switzerland among the top three target markets in Europe for activists

Retrieved on: 
Monday, June 17, 2024

The report includes new analysis, which shows that the most proactive corporates are rising to the challenge when a peer is targeted by activists.

Key Points: 
  • The report includes new analysis, which shows that the most proactive corporates are rising to the challenge when a peer is targeted by activists.
  • Larger activists have a profile and track record that increasingly allows them to avoid the distraction of a public campaign.
  • Switzerland has seen a marked increase in activist campaigns, accounting for 16% of campaigns versus 9% last year.
  • Since the beginning of the year, Switzerland has seen a total of 14 campaigns by activists.

Metals Acquisition Limited Announces Strategic Investment in Polymetals Resources Limited (ASX:POL)

Retrieved on: 
Monday, May 27, 2024

Metals Acquisition Limited ARBN 671 963 198 (NYSE: MTAL; ASX: MAC) (“MAC” or the “Company”) is pleased to announce that it has signed a subscription agreement representing a strategic investment with Polymetals Resources Limited (“POL”).

Key Points: 
  • Metals Acquisition Limited ARBN 671 963 198 (NYSE: MTAL; ASX: MAC) (“MAC” or the “Company”) is pleased to announce that it has signed a subscription agreement representing a strategic investment with Polymetals Resources Limited (“POL”).
  • Highlights of the investment include:
    MAC to invest an initial A$2.5 million in total at a price of A$0.35/share for an initial 4.31% interest in POL.
  • MAC will have the right to appoint one director to the POL board whilst MAC holds >7% of the issued shares in POL.
  • POL holds the rights to the Endeavor silver zinc lead Mine approximately 40km to the north of the CSA Copper Mine.

Metals Acquisiton and Polymetals Alliance

Retrieved on: 
Monday, May 27, 2024

Polymetals high-grade Endeavor Silver Zinc mine is located 30km to the north of CSA.

Key Points: 
  • Polymetals high-grade Endeavor Silver Zinc mine is located 30km to the north of CSA.
  • The alliance between MAC and POL will allow each company to exploit synergies between the neighbouring mines.
  • Polymetals Executive Chairman Dave Sproule said:
    “Polymetals has operated in the Cobar Basin for many years and is confident the alliance with MAC will generate significant benefit for all stakeholders.
  • Polymetals intend to commence planned Endeavor Mine refurbishment works early in H2 2024, with first concentrate output planned during H1 2025.

South American Lithium Projects Set to Flourish in Battery Metal's Projected 2024 Rebound Year

Retrieved on: 
Tuesday, April 30, 2024

VANCOUVER, BC, April 30, 2024 /PRNewswire/ -- Coming off a major market correction in 2023 down from 2-2022's record highs, the lithium market is primed for a rebound in 2024. Analysts at MorningStar using data shared from Platts, LME, Benchmarked Minerals, Fastmarkets, and MorningStar itself are forecasting lithium prices to stabilize and rise in 2024, and to nearly double from $17,000 to $30,000 per metric ton from 2023 to 2030. As the Electric Vehicle (EV) market moves towards a projected $1.66 trillion by 2030, lithium demand is expected to triple from 2022 levels over that time. Today with more than 65% of the world's lithium reserves, it's in Latin America where some of the most promising new projects are still under development, including from Lithium South Development Corporation (TSXV: LIS) (OTCQB: LISMF), POSCO Holdings Inc. (NYSE: PKX), American Lithium Corp. (NASDAQ: AMLI) (TSXV: LI), Sigma Lithium Corporation (NASDAQ: SGML) (TSXV: SGML), and Atlas Lithium Corporation (NASDAQ: ATLX).

Key Points: 
  • As an integral part of the prolific Lithium Triangle, Argentina is on pace to become a Top 3 Lithium Producer status by 2027.
  • 43-101 lithium resource, Lithium South has just completed a Preliminary Economic Assessment (PEA).
  • The area may offer the ability for Lithium South to substantially increase the overall potential size of the HMN Li Project.
  • Outside of the Lithium Triangle are still other promising projects in Latin America, including the Falchani lithium project in Peru developed by American Lithium Corp. (NASDAQ: AMLI) (TSXV: LI).

South American Lithium Projects Set to Flourish in Battery Metal's Projected 2024 Rebound Year

Retrieved on: 
Tuesday, April 30, 2024

VANCOUVER, BC, April 30, 2024 /PRNewswire/ -- Coming off a major market correction in 2023 down from 2-2022's record highs, the lithium market is primed for a rebound in 2024. Analysts at MorningStar using data shared from Platts, LME, Benchmarked Minerals, Fastmarkets, and MorningStar itself are forecasting lithium prices to stabilize and rise in 2024, and to nearly double from $17,000 to $30,000 per metric ton from 2023 to 2030. As the Electric Vehicle (EV) market moves towards a projected $1.66 trillion by 2030, lithium demand is expected to triple from 2022 levels over that time. Today with more than 65% of the world's lithium reserves, it's in Latin America where some of the most promising new projects are still under development, including from Lithium South Development Corporation (TSXV: LIS) (OTCQB: LISMF), POSCO Holdings Inc. (NYSE: PKX), American Lithium Corp. (NASDAQ: AMLI) (TSXV: LI), Sigma Lithium Corporation (NASDAQ: SGML) (TSXV: SGML), and Atlas Lithium Corporation (NASDAQ: ATLX).

Key Points: 
  • As an integral part of the prolific Lithium Triangle, Argentina is on pace to become a Top 3 Lithium Producer status by 2027.
  • 43-101 lithium resource, Lithium South has just completed a Preliminary Economic Assessment (PEA).
  • The area may offer the ability for Lithium South to substantially increase the overall potential size of the HMN Li Project.
  • Outside of the Lithium Triangle are still other promising projects in Latin America, including the Falchani lithium project in Peru developed by American Lithium Corp. (NASDAQ: AMLI) (TSXV: LI).

Jean-François Verret appointed to head Raglan Mine

Retrieved on: 
Friday, April 26, 2024

This nomination occurs as Raglan Mine enters a new phase of operations, following the successful completion of the Sivumut project, Raglan Mine's Phase II.

Key Points: 
  • This nomination occurs as Raglan Mine enters a new phase of operations, following the successful completion of the Sivumut project, Raglan Mine's Phase II.
  • "I am honoured to work to position Raglan Mine as a world leader in safety performance and cost management," said Mr. Verret.
  • "We are delighted to welcome Jean-François in his new role," said Wayne Ashworth, Head of Global Nickel Assets at Glencore.
  • Holding a degree in geological engineering, Mr. Verret has built a distinguished career at Raglan Mine and internationally, excelling in project management, strategic planning, and community engagement.

In the Trough of Nickel Cycle: Value Regress Perceived in Lygend Resources (2245.HK)

Retrieved on: 
Wednesday, April 10, 2024

In the Trough of Nickel Cycle: Value Regress Perceived in Lygend Resources (2245.HK)

Key Points: 
  • In the Trough of Nickel Cycle: Value Regress Perceived in Lygend Resources (2245.HK)
    Nickel prices remained at a low position in 2023, posing a serious challenge to the global industrial chain.
  • Nickel Asia Corporation, a nickel producer from the Philippines, reported a decrease of 53% YoY in net profits in fiscal year 2023.
  • The general downturn of the nickel industry in 2023 reflects the fact that the global oversupply of nickel has not changed in the past two years.
  • On the other, the nickel supply-demand situation has seen predictions for marginal improvement, and this will surely boost nickel price.

New victory against mining giant Glencore’s anti-union practices

Retrieved on: 
Thursday, April 4, 2024

Glencore had eliminated the security service positions after United Steelworkers union members refused the company's proposed collective agreement.

Key Points: 
  • Glencore had eliminated the security service positions after United Steelworkers union members refused the company's proposed collective agreement.
  • We will support our members to the end against anti-union practices," said United Steelworkers Quebec Director Dominic Lemieux.
  • Nicholas Marchand, president of the security officers' local, is delighted with this victory in the long legal saga.
  • "It's awful what Glencore has put us through since 2021, we're happy with this new legal victory.

Schneider Electric launches Materialize program for Scope 3 decarbonization of natural resources

Retrieved on: 
Wednesday, April 3, 2024

Materialize is a continuation of Schneider Electric’s suite of supply chain decarbonization programs from its Sustainability Business consulting division, which leverage the power of supply chain cohorts for renewable energy procurement at scale.

Key Points: 
  • Materialize is a continuation of Schneider Electric’s suite of supply chain decarbonization programs from its Sustainability Business consulting division, which leverage the power of supply chain cohorts for renewable energy procurement at scale.
  • “We are delighted to launch Materialize as our latest collaborative program to reduce Scope 3 emissions.
  • Both were created to engage thousands of suppliers simultaneously to drive swift and measurable action to reduce program sponsors’ Scope 3 emissions.
  • The portfolio builds on Schneider’s foundational initiative, The Zero Carbon Project , that provides resources and guidance to program participants, encouraging ambitious decarbonization goals with a deployment action plan to achieve it.