Europe Mining News

Northvolt to set up Polish battery plant to tap mining, storage markets

Northvolt's plans are a central part of Europe's effort to compete with Asian rivals such as CATL, Samsung and LG Chem.

BASF and Nornickel join forces in European EV battery push

The move is part of BASF plans to invest up to 400 million euros ($462 million) as a first step in building production plants for cathode materials in Europe.

ArcelorMittal declares force majeure for Duisburg-Ruhrort site

Force majeure declared due to the Rhine river's low water levels.

Glencore boss Ivan Glasenberg to retire in 3-5 years — report

He is said to have already begun training three to four people to succeed him in the job.

NMC batteries dominating EV – sales to reach 63% of global market

NMC cathodes currently account for nearly 28% of global EV sales, forecast to grow to 63% by 2027.

Why a no-deal Brexit risks freezing London’s diamond trade

The U.K. is currently just one of six EU countries allowed to import and export rough diamonds. Once stones enter Belgium and Portugal, they’re then free to move around the region.

ALROSA starts large rough diamond auction in Vladivostok

For sale,166 gem-quality rough diamonds with a total weight of 2,607 carats.

Bosnian government to help keep Aluminij smelter on power grid

The company sounded the alarm last week when the country's power regulator threatened to cut it off the grid because of unpaid bills.

Rusal's Swedish smelter may be closed if sanctions not lifted

The indirect consequences of the closure are difficult to assess as Rusal is the only aluminium smelter in Sweden.

Slower orders for Atlas Copco spooks industry rivals too

Atlas Copco’s shares fell 9 percent at 1149 GMT, dragging Nordic industrial peers such as Sandvik and SKF lower, and also hitting German vacuum gear rival Pfeiffer Vacuum.

Flow of LME nickel to hidden storage dents bull story

465,000 tonnes of nickel play 'hide and seek'

Alrosa test non-dollar deals to sidestep any US sanctions

Several major Russian companies are exploring ways to do deals abroad without using dollars.

Norway, EU ask WTO to set up panel on US steel, aluminium tariffs

Norway, the European Union and several other countries asked the World Trade Organization to set up a dispute resolution panel to address US tariffs.

Eurasian Resources prevents dumping of over 88 kt of waste in Kazakhstan in the first half of 2018

Company uses up to twenty types of waste – generated from its activities – to manufacture new products, help address environmental issues and strengthen its bottom line. 

Scotland closer to having its first commercial gold mine

Scotgold Resources has submitted the last application to secure planning permits for its Cononish project, near Tyndrum.

Spanish environmentalists demand mine closures

The activists expressed their complaints at the European Parliament.

Hedge funds reeling from gold jump have five charts to watch

Hedge funds that doubled down on bearish gold wagers are facing a gut check.

Alcoa to close two Spanish aluminium plants with job losses

The Aviles and La Coruna plants were two of the least productive due to intrinsic structural problems such as inefficient technology and high fixed costs.

The dirt on clean electric cars is just under the hood

Clean cars, dirty batteries.

Hungary boosts gold reserves 10-fold, citing safety concerns

Hungary’s central bank increased its gold reserves 10-fold, citing the need to improve its holdings’ safety, joining regional peers with relatively high ownership in the European Union’s east.

Copper smelter hits cause physical squeeze in Asia

The copper market is currently experiencing a squeeze on physical metal which is unexpected.

A golden escape  

The oil price is rising due to the upcoming restrictions on the sale of Iranian oil - the second of a two-part set of sanctions imposed on the Middle Eastern power following the Trump Administration’s decision in May to withdraw from the Joint Comprehensive Plan of Action (JCPA).

Dutch battery maker to invest $1.9B in China cell factory

Dutch battery maker Lithium Werks BV, founded earlier this year, is investing 1.6 billion euros ($1.85 billion) in a massive lithium-ion cell factory in China as demand for batteries is surging.

Anglo Asian's Azerbaijan gold output rises 47% in Q3

Azerbaijan's leading gold mining firm said it produced 21,318 ounces of the metal in the last quarter, against 14,468 ounces in the same period of last year.

Alumina wake-up call for the aluminium supply chain

No one will be taking alumina for granted any more.