NextSource to reach full production at Molo graphite mine by July The Madagascar mine is expected to achieve nameplate capacity of 17,000 tonnes of graphite concentrate per year. Staff Writer | February 5, 2024 | 7:59 am
Sibanye CEO pushes on with copper hunt after failed Zambian bid The precious metals producer is still looking for copper assets to buy across the African copper belt. Reuters | February 5, 2024 | 7:13 am
Sumitomo cuts nickel output forecast in Madagascar due to system glitches Japanese trading house slashed its output estimate of nickel at the Ambatovy project. Reuters | February 5, 2024 | 7:07 am
South African platinum industry could shed up to 7,000 jobs to cut costs South African PGM miners, home to around 70% of global mined platinum output, are discussing the need to restructure unprofitable production. Reuters | February 5, 2024 | 7:04 am
Zambia to start trading its own copper, competing with Glencore The government will directly buy and sell a portion of the copper produced in the nation, competing with trading giants including Mercuria Energy Group and Glencore. Bloomberg News | February 5, 2024 | 7:01 am
Rare earths prices seen rebounding in second half of 2024 – analysts Prices surged to their highest in a decade in 2022 only to plunge last year on increased production in China. Reuters | February 5, 2024 | 6:57 am
Lynas Rare Earths quits tie-up talks with MP Materials Lynas Rare Earths said confidential talks have ended with MP Materials for a possible merger. Reuters | February 5, 2024 | 6:49 am
Anglo American explores for copper, cobalt in Zambia The miner is in the early stages of exploring for copper and cobalt in Zambia's North-Western province, according to CEO Duncan Wanblad. Reuters | February 5, 2024 | 6:42 am
Guinea’s SMB to invest up to $1 billion to boost bauxite exports Guinea's leading bauxite producer will upgrade its river terminals and buy vessels. Reuters | February 5, 2024 | 6:27 am