Elementum Metals

In the news: Glencore's copper production shows a marginal increase, but nickel down as a result of Koniambo in New Caledonia being placed into care and maintainence; Ivanhoe Mines reports record production of 116.3 kt tonnes of copper in Q3 2024 at Kamoa-Kakula; Japanese utilities, Hokkaido Electric Power and Chugoku Electric Power, have been selling nuclear fuel; Recurrent Energy signs two new 20-year tolling agreements with Arizona Public Service Company (APS). #energytransition #metals #mining #criticalminerals #copper #nuclearpower #uranium #renewableenergy #solar #batterystorage #bess Sophisticated Investors Only | Capital at Risk

In the news: Both Anglo American and First Quantum maintain 2024 copper production guidance; for First Quantum, the cost of preservation and safe management at Cobre Panama is running at $13 million per month; Anglo American expects production at Quellaveco in Peru to pick up this quarter; AES Andes starts the commercial operation of Andes Solar IV in the Atacama Desert, its renewable energy hub in Antofagasta is the largest in South America. #energytransition #criticalminerals #metals #mining #copper #renewableenergy #solar #batterystorage #decarbonisation #netzero Sophisticated Investors Only | Capital at Risk

In the news: Quarterly copper production figures from BHP and Rio Tinto, Rio indicates that production difficulties at Kennecott in the US are likely to continue through 2026; Lithium Americas announces new investment agreement with GM for the Thacker Pass lithium project; South Africa signs project agreements for the first two projects under the first Battery Energy Storage Independent Power Producer Procurement Programme (BESIPPPP). #energytransition #criticalminerals #metals #mining #copper #lithium #renewablenergy #batterystorage #bess #decarbonisation Sophisticated Investors Only | Capital at Risk

In the news: Rio Tinto announces deal to take over Arcadium Lithium, which will make Rio the second largest global producer of lithium with LCE production capacity of 373 ktpa; Cameco Corporation CEO, Tim Gitzel, describes current environment as “best fundamentals I’ve ever seen for nuclear in my 40-year career", while Nicolo Maes, Orano's CEO, talks about developing new mines in Mongolia and Uzbekistan; UK Government announces initiative to promote investment in long duration energy storages facilities. #energytransition #criticalminerals #lithium #uranium #mining #nuclearpower #energystorage #renewableenergy #netzero Sophisticated Investors Only | Capital at Risk

In the news: BHP's "How copper will shape our future" outlines the incremental demand for copper coming from the energy transition and digital infrastructure, sees access to capital as an ongoing issue for mine development and expansion; Bloomberg reports the risk of closures at copper smelters as they become unprofitable to run, annual benchmark prices for 2025 projected to be considerably lower than for 2024; RWE breaks ground on three new battery storage projects in Texas, which together will have storage capacity of 900 MWh. #energytransition #metals #mining #criticalminerals #copper #copperprocessing #energystorage #bess Sophisticated Investors Only | Capital at Risk

In the news: Glencore in royalty dispute with the DRC tax authorities; Panama open to idea of copper being exported from Quantum Minerals' closed mine; Anson Resources in line for U.S. Exim funding to develop lithium production plant at Paradox Basin; International Battery Metals suspends operations at its modular direct lithium extraction plant at US Magnesium pending a recovery in prices; Origis Energy and the TVA to expand their solar and storage portfolio in Mississippi. #energytransition #metals #mining #criticalminerals #copper #lithium #solarpower #renewablenergy #batterystorage #decarbonisation Sophisticated Investors Only | Capital at Risk

In the news: Constellation Energy is targeting 2028 for the restart of Three Mile Island Unit 1 to supply electricity to Microsoft data centres; Standard Lithium and Equinor are in line to receive up to $225m funding from the U.S. Department of Energy for the construction of the central processing facility for Phase 1 of the South West Arkansas project; Saft wins a contract to deliver a 100 MW / 200 MWh battery energy storage system for Genesis Energy in New Zealand. #energytransition #nuclearpower #criticalminerals #lithium #mining #metals #energystorage #bess #decarbonisation Sophisticated Investors Only | Capital at Risk

In the news: CATL announces it is suspending activity at a lithium mine in southeastern Jiangxi that accounts for about 5% to 6% of global supply; First Quantum expects updated drilling results for its La Granja copper project in Peru in the second half of next year and completion of feasibility studies by 2028; Grenergy extends its agreement with BYD for the supply of large-scale storage systems for its three-phase solar and energy storage project at Oasis de Atacama. #energytransition #metals #mining #criticalminerals #lithium #copper #renewableenergy #solarpower #batterystorage #bess #decarbonisation Sophisticated Investors Only | Capital at Risk

In the news: Harmony Gold is expecting average annual copper production of between 50 kt - 60 kt at an AISC in the middle of the global cost curve at the Eva Mine in Australia with production starting in 2028; Canada Nickel receives a Letter of Interest from Export Development Canada to provide long-term debt financing of up to US$500 million for the development of the Crawford Nickel Sulphide Project; Sungrow has signed an energy storage supply deal with Penso Power and BW ESS to supply 280 sets of its PowerTitan 2.0 liquid-cooled energy storage systems to the Hams Hall energy storage project. #energytransition #metals #criticalminerals #copper #nickel #decarbonisation #bess #energystorage #reneweableenergy Sophisticated Investors Only | Capital at Risk

In the news: BHP outlines a phased strategy to increase production in South Australia to 500 kt of refined copper cathode by the early 2030s; General Motors is delaying the second tranche of its investment in Lithium Americas Corp. to support the development of the Thacker Pass project; CPS Energy enters into two storage capacity agreements with Eolian for a total of 350 MW of battery energy storage. #energytransition #metals #mining #criticalminerals #copper #lithium #bess #energystorage #renewableenergy #decarbonisation Sophisticated Investors Only | Capital at Risk