Tag: Investment

Korea Zinc says it will partner with the US government to construct a critical minerals smelter in Clarksville, Tennessee, producing zinc, lead, and copper. Korea Zinc will begin site preparation next year, followed by phased commercial operations from 2029. The plant is planned to process around 1.0 million t/a of raw materials and turn out 540,000 st/a of finished products. Processing of gold, silver, and key strategic minerals such as antimony, indium, bismuth, tellurium, cadmium, palladium, gallium and germanium, are also planned in what is being touted as a "state-of-the-art" facility. Sulphuric acid and semiconductor-grade sulphuric acid will also be produced. The output will include 300,000 t/a of zinc production, 200,000 t/a of lead, 35,000 t/a of copper and 5,100 t/a of rare and strategic metals. Development will be through Korea Zinc’s US subsidiary, Crucible Metals.

Arianne Phosphate says that the government of Canada has approved contribution funding of up to C$735,000 to support the company’s ongoing work on processing phosphate rock and optimising its purified phosphoric acid (PPA) process. The funding, provided through Natural Resources Canada’s Critical Minerals Research, Development and Demonstration programme, is part of a C$80.3 million investment announced by Prime Minister Mark Carney to help build secure critical minerals supply chains in Canada. Phosphate was added to the Canadian critical mineral list in 2024. Arianne’s Lac à Paul project is the only fully permitted phosphate mine in the country. Arianne is now actively pursuing opportunities for the downstream production of PPA, a necessary ingredient for lithium-iron-phosphate batteries.

World Energy GH2 has shelved its 1.2 GW green hydrogen and ammonia project in Stephenville, Newfoundland, after failing to secure offtake agreements. Project Nujio’qonik was conceived as a major green hydrogen/ammonia scheme backed by 2 GW of new wind capacity, intended to export green ammonia to Europe. However, despite a $50 million investment from South Korea’s SK Eco-plant and high-profile endorsement by then German chancellor Olaf Scholz, the developer has confirmed that the project is being replaced by a new initiative, called Clean Grid Atlantic, which will use the wind resource to power domestic markets instead.

Metso has completed the expansion of its service centre in Antofagasta, Chile, adding an additional 1,200 m² of operational capacity, totalling 4,800 m² of technical workspace. Strategically located in the La Negra industrial district, at the heart of northern Chile’s mining area, the service centre has tripled its technical-commercial agreements in recent years, becoming a key strategic partner for major mining companies in the country. Following the expansion, the centre can now repair and refurbish large-scale equipment including HRC™ and high pressure grinding roll units, Vertimill® grinding technology, and mills for mining customers. It also supports beneficiation and dewatering technologies, such as filter plate pack service offerings. In addition, the centre provides service capabilities for mining crushers, grinding mills, screens, and car dumpers.

Aurubis says that it is in discussions with the US government about possible financial support for the construction of a new copper smelter. Reuters reports comments from Aurubis CEO Toralf Haag during LME Week that there had been a positive response from the Trump administration. The US is currently only able to supply about half of its refined copper demand of 1.7 million t/a from domestic production, and the gap may widen as demand increases.

Anglo American and Teck Resources jointly announced a merger agreement on 9th September.

Paradeep Phosphates Ltd (PPL) has announced a $400 million capacity expansion program, following its October 13th merger with Mangalore Chemicals & Fertilizers Limited (MCFL). This company says that the move aims to strengthen PPL's market position and enhance its production capabilities. The investment will involve increasing granulation capacity by 1.0 million t/a at the Paradeep site, as well as an additional 250,000 t/a of phosphoric acid and 750,000 t/a of sulphuric acid capacity at the company’s new Mangalore site. The expansion is expected to be completed within three years, according to PPL, and is expected to ensure 100% backward integration for fertilizer production, reduce import dependency, and enhance operational capabilities and profitability. low-contaminant phosphate concentrate that allows for easy conversion into purified phosphoric acid. The company has spent over C$100 million advancing the project and has received funding and investment from the Quebec Government.

In this CRU Insight, Alexander Chreky reports on China’s potash industry – and reviews the country's international potash investments.

Already a large urea supplier to the region, Indonesia has plans for several new plants to monetise its natural gas resources.

Blue ammonia – ammonia produced from fossil hydrogen with carbon capture and storage (CCS) – offers a cheaper alternative than green ammonia for low carbon supply in the short term, and is more suited to retrofits.