Copper News
- November 2021: Aurubis AG further expanded its activities in recycling metal-bearing materials internationally. It started the construction of a multi metal recycling plant in the US state of Georgia. Circuit boards, copper cable, and other recycling materials containing metals will be processed into 35,000 tons of blister copper annually.
- May 2021: Glencore announced its plans to restart operations at the Mutanda copper and cobalt mine in 2022. The restarted operations at Mutanda could help the company ease shortages in the copper and cobalt markets, which are potentially capping further price gains.
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Related Metals and Minerals Industry News
- January 2023: RHI Magnesita announced the acquisition of a majority stake in Jinan New Emei Industries Co. Ltd., a Chinese refractory manufacturer. The acquisition will allow RHI Magnesita to expand its product line in steel flow control refractories. It will also provide extra manufacturing capacity to increase refractory supply in China and the wider East Asia area.
- January 2022: Sibelco and CelSian signed an agreement to share laboratory responsibilities and conduct joint research to provide increased services to customers in the glass industry, increasing the demand for dolomite in the glass industry.
September 2022: Anglo American plc announced that the start of commercial copper operations at its Quellaveco project in Peru, following the successful testing of operations and final regulatory clearance. Quellaveco is expected to produce 300,000 tonnes per year of copper equivalent volume on average over its first ten years.
June 2023: Jiangxi Copper Corporation and Anglo America Group signed a memorandum of understanding to improve the way copper is mined and processed, in line with the goals of building a sustainable value chain for copper.
April 2022: Zijin Mining Group Co., Ltd. announced an agreement with Xanadu Mines Limited to acquire a 19.9% stake in the company with the aim of increasing its copper and gold resources in Mongolia.
Recent developments pertaining to the major players in the market are covered in the complete study.
- Sept 2022: Imerys entered into exclusive negotiations with Syntagma Capital to sell the majority of its assets producing kaolin, grinding calcium carbonate ("GCC"), precipitated calcium carbonate ("PCC"), and talc, which principally serve the paper markets, for an enterprise value of EUR 390 million, including an earn-out based on future business performance.
- Apr 2022: Imerys and Safic-Alcan extend their distribution partnership. This new agreement has expanded their distribution partnership to include the Turkish market. It covers the distribution of all mineral fillers, including Kaolin, Talc, Carbonates, PCC, Mica, Diatomite, Perlite, and Wollastonite. It also covers the distribution of the rubber and plastics markets.
Recent developments pertaining to the major players in the market are covered in the complete study.
- In December 2023, Greenwave Technology Solutions, Inc. invested over USD 10 million in its scrap metal processing facilities. This is expected to double the company's scrap metal processing capacity and boost its margins. The company's second automotive shredder and downstream processing system are expected to commence operations during the initial quarter of 2023.
- In December 2022, ArcelorMittal announced signing an agreement to acquire the Polish scrap metal recycling business Zakład Przerobu Złomu ('Złomex'). Zlomex operates scrap yards in Krakow and Warsaw, which processed and shipped almost 400,000 tonnes of ferrous scrap metal last year. Moreover, the company also acquired Riwald Recycling ('Riwald'), ferrous scrap metal recycling business based in the Netherlands.
- Jul 2023: PPG Industries Inc. announced the release of new research demonstrating energy savings and other manufacturing benefits for tire makers using PPG Agilon performance silica technology. PPG Agilon precipitated silica is chemically modified, enabling tire makers to eliminate a manufacturing step required in conventional technology.
- Aug 2022: Markan Global Enterprises announced to add precipitated silicas to its product portfolio. Markan Global Enterprises partnered with Madhu Silica Pvt. Ltd to provide precipitated silica at a competitive price.
- February 2022: Nucor Corporation announced that it completed its acquisition of a majority ownership position in California Steel Industries, Inc. (CSI), resulting in CSI becoming a joint venture company owned 51% by Nucor and 49% by JFE Steel. CSI is a flat-rolled steel converter that can produce more than two million tons of finished steel and steel products annually.
- October 2022: ArcelorMittal's arm AMNS India announced that the company is eyeing to supply high-strength special steel for India's proposed bullet train project.
- March 2022: AFV Beltrame Group completed the acquisition of the functional production assets of the Târgoviște Special Steel Plant by concluding the transfer of ownership documents and full payment of the price for EUR 38.3 million.
