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Kibaran confirms graphite process through test work

  • Market: Metals
  • 05/11/19

Australian graphite developer Kibaran Resources has confirmed the effectiveness and environmental friendliness of its EcoGraf proprietary purification process through testwork results for the development of a battery anode material manufacturing facility at Kwinana, south of Perth.

Testwork results demonstrated that battery-grade graphite can be produced without any adverse emissions for gaseous, aqueous or solid residue.

An engineering study released in June supports the case for the building of an initial 5,000 t/yr battery graphite facility, which could be expanded to 20,000 t/yr. The estimated development cost of the first stage is $22.8mn followed by $49.2mn for the expansion.

Other pre-development technical activities that are under way include technical documentation for government approvals, permitting and lease arrangements, as well as final feedstock benchmarking to determine the preferred feedstocks and finalise binding purchase agreements.

The company remains on schedule to make a final investment decision on the plant in the first half of 2020.

"Our proposed EcoGraf development is timely given the massive investment in Europe to support the transition towards electric vehicles, which will require alternative and responsibly produced raw materials," managing director Andrew Spinks said.

Kibaran is developing the Epanko graphite project in Tanzania but expects to procure and process graphite from a range of suppliers at its Kwinana plant and then export to Asia, North America and Europe.


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01/05/25

US factory activity contracts for 2nd month in April

US factory activity contracts for 2nd month in April

Houston, 1 May (Argus) — US manufacturing activity contracted in April for a second month, as output and new orders slowed on tariff policy uncertainty, while price gains accelerated. The Institute for Supply Management's manufacturing purchasing managers' index (PMI) fell to 48.7 in April, down from 49 in March and the lowest since last November. The threshold between contraction and expansion is 50. The two-month contraction in manufacturing activity follows a two-month expansion preceded by 26 consecutive months of contraction. ISM's services PMI, a separate report that tracks the biggest part of the economy, showed nine months of expansion through March. "Demand and production retreated and de-staffing continued, as panelists' companies responded to an unknown economic environment," ISM said Thursday. "Prices growth accelerated slightly due to tariffs, causing new-order placement backlogs, supplier delivery slowdowns and manufacturing inventory growth." The manufacturing data follows a report Wednesday that showed the US economy contracted at an annualized 0.3pc pace in the first quarter as businesses boosted imports and stocked up on goods ahead of US import tariffs. The ISM's new-orders index came in at 47.2, higher than 45.2 in March but showing contraction for a third month. The production index fell to 44, showing a deepening contraction from 48.3 in the prior month. Employment rose by 1.8 points to 46.5, showing a slowing contraction. New export orders contracted faster at 43.1 in April, while imports entered contraction at 47.1 after barely growing, at 50.1, the prior month. The prices index rose to 69.8, up from 69.4 the prior month and signaling quickening expansion. The inventories index fell by 2.6 points to 50.8, marking a second month of expansion after six months of contraction. By Bob Willis Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

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Some Liberty Speciality creditors oppose restructuring


01/05/25
News
01/05/25

Some Liberty Speciality creditors oppose restructuring

London, 1 May (Argus) — Liberty Speciality Steel in the UK could potentially face insolvency after all Greensill creditors and a number of "other" creditors voted against its restructuring plan, sources at the company told Argus . There was a restructuring plan hearing held on 30 April, where all Greensill creditors and over three quarters of "other" creditors opposed the restructuring, which will now be voted on by a judge at the sanction hearing on 15-16 May. Should the judge deem those creditors positions' unreasonable, their vote can technically be overruled. But sources that attended the hearings suggest they will likely be taken into account, meaning the restructuring plan could fail, and the company potentially face insolvency shortly afterwards. However, UK HMRC, Together Commercial Finance and GFG creditors voted in favour of the plan — Liberty Steel is part of the GFG Alliance. "We had a productive meeting and the meeting chair, from Begbies Traynor, is now reviewing and analysing the feedback we received so we can proceed to the next stage in the process", a Gupta Family Group Alliance spokesperson said. Prior to the plan Speciality Steel was subject to a winding up petition by several creditors, having produced intermittently in recent years under mounting cash pressures. Asked about the potential for the government stepping in under its newly passed Steel (Special Measures) bill, a department for business and trade spokesperson refused to comment, but sources suggest the government has no plans to use the powers more widely at present. A GFG spokesperson previously declined to comment on the idea of government intervention in Speciality Steel. Speciality Steel has two electric arc furnaces, the T Furnace for Speciality Steels and N Furnace for Engineering Steels. Via its Stocksbridge High Value Manufacturing business it can conduct vacuum induction melting, vacuum arc remelting and supplies high-profile sectors such as aerospace. The company's Rotherham site has the Thyrbergh bar mill, a 750,000t/yr facility that could complement British Steel's longs range. Liberty's plate mills in Scotland, which are unaffected by the Speciality Restructuring, have previously been supplied with British Steel slab. By Colin Richardson Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

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Tariff pressure, supply relief weigh on tin prices


01/05/25
News
01/05/25

Tariff pressure, supply relief weigh on tin prices

London, 1 May (Argus) — Downward pressure from US tariffs and easing supply constraints prompted a sharp price drop on the official three-month tin contract on the London Metal Exchange (LME) in April, erasing much of the gains made through the first quarter of this year. Prices on the LME's official three-month tin contract dipped to $31,775-$31,825/t on 30 April, down by 20pc from a three-year high of $38,125-38,175/t on 2 April, but up from a month-to-date low of $29,550-29,600/t on 9 April. This decline scrubbed much of the steady increase made over the first quarter when tin prices climbed in response to tighter supply from the Democratic Republic of the Congo (DRC) and mining restrictions in Myanmar. Tight concentrate supply drives 1Q price increases Tin prices rose steadily throughout the first quarter after a major escalation in the conflict in eastern DRC interrupted supply from artisanal and industrial cassiterite mining and a major earthquake in Myanmar disrupted plans to lift a mining ban in the autonomous Wa region. Rwanda-backed militia group M23 launched a fresh push through eastern DRC in late January, seizing control of key mineral-trading towns Goma and Bukavu before expanding west towards the town of Walikale and Alphamin's Bisie tin concentrate mine. The 25,000 t/yr capacity mine was evacuated on 13 March, raising concerns about a supply shortage and prompting a 6pc day-on-day increase in the official three-month LME tin contract. Warehouses in Goma and Bukavu that held artisinally mined cassiterite ore also were raided, with multiple containers of material having been stolen, market participants told Argus . These supply concerns were compounded on 28 March when a 7.7-magnitude earthquake hit Myanmar. Authorities in Wa state have upheld a mining ban in the region since August 2023, but in March, they confirmed plans to roll out a licensing scheme that will allow companies to restart mining operations. The earthquake delayed these plans by a few weeks, prompting further concerns about the stability of future supply and causing another spike in the three-month LME tin contract to a three-year high. Myanmar is the third-largest producer of tin concentrates after China and Indonesia, but most of the tin concentrates produced in the country are exported to neighbouring China for processing. Chinese imports of tin concentrates last year fell to 76,000t, from 187,000t in 2022, before the Wa state mining ban. Wa state is home to Man Maw, the largest tin mine in Myanmar. Prices fall in April But despite the first-quarter gains, tin prices faced strong downward pressure in April. Tariff increases announced by US president Donald Trump sparked uncertainty about long-term demand and caused prices to fall by $8,575/t from 2-9 April, a decline of more than 22pc. Trump's April tariff announcements are expected to dampen global trade and triggered fears of an economic recession, which would weigh on demand for base metals such as tin. And the supply constraints that triggered such strong price increases in the first quarter eased after M23 withdrew from towns close to the Bisie mine, enabling Alphamin to implement a phased restart of operations from 15 April. But the towns of Goma and Bukavu, as well as many artisanal mining sites, remain under M23's control. Authorities in Wa state also were able to progress plans to resume mining operations, having officially released details of a new licensing scheme and meeting with Man Maw's former operators on 23 April. But it could take some months for Man Maw's production to ramp up as companies apply for new licenses, Chinese workers apply for visas and parts of the mine's underground sections may need to be de-watered, the International Tin Association said. By Sian Morris Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

News

Ukraine, US sign reconstruction deal


01/05/25
News
01/05/25

Ukraine, US sign reconstruction deal

London, 1 May (Argus) — The government of Ukraine has agreed a "reconstruction" deal with the US that will establish a fund to be filled with proceeds from new mineral extraction licenses. There are few firm details about how much money will be involved, or how any future extraction contracts will be structured. It appears to be the same agreement that came close to being signed in February , which collapsed after an awkward meeting in the White House between Ukrainian president Volodymyr Zelenskiy and his US counterpart Donald Trump. Washington had pitched the deal in advance as providing stakes in Ukraine's mineral rights, as a form of repayment for past US support and a deterrence against future military incursions by Russia. There is no firm indication from either side that this is the case. Ukraine's economy minister Yulia Svyrydenko said today that 50pc of state budget revenues from new licences will flow into the fund, and the fund would then invest in projects in Ukraine itself. US treasury secretary Scott Bessent said the deal "allows the US to invest alongside Ukraine, to unlock Ukraine's growth assets, mobilise American talent, capital and governance standards", suggesting US companies will be involved in the new licenses. He said the fund will be established with the assistance of the US International Development Finance Corporation. Ukraine was eager to show the deal as a success. Svyrydenko said Kyiv will retain ownership of all resources, and "will decide where and what to extract." Neither does the agreement allow for privatisation of state-owned oil and gas company Ukrnafta or power company Energoatom, nor does it mention any debt obligation to the US, she said. The depth of Ukraine's resources are unclear. The country's geological survey shows deposits of 24 of the EU's list of critical minerals, including titanium, zirconium, graphite, and manganese, along with proven reserves of metals such as lithium, beryllium, rare earth elements and nickel. The IEA estimates Ukraine's oil reserves at more than 6.2bn bl and its gas reserves at 5.4 trillion m³, although it said Russia's annexation of Crimea means Kyiv no longer has access to "significant offshore gas resources". By Ben Winkley, John Gawthrop and James Keates Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

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Tariffs to cost up to $350mn in 2Q: Caterpillar


30/04/25
News
30/04/25

Tariffs to cost up to $350mn in 2Q: Caterpillar

Houston, 30 April (Argus) — Heavy equipment manufacturer Caterpillar expects import tariffs imposed by the US to be a cost headwind of $250mn-$350mn in the second quarter. The Texas-based company anticipates its sales to be down slightly compared to the previous year because of tariffs, largely on imports from China. It anticipates second quarter sales to be flat to the prior year, with growth in its energy and transportation division to be offset by lower machine sales in its resource and construction industries. Caterpillar's order backlog increased by $7.1bn in the first quarter compared with the prior year and $5bn sequentially, driven by high order rates. In the construction industries division, Caterpillar's sales fell by 19pc to $5.25bn because of lower volumes and prices. The company's energy and transportation division's sales declined by 2pc to $6.6bn following lower sales volume and higher manufacturing costs. In North America, Latin America, Africa and the Middle East, and Asia-Pacific sales decreased primarily because of lower volumes and prices. Lower sales volume was mainly the result of changes in dealer inventories. Caterpillar earned a profit of $2.6bn in the first quarter, a decrease of 27pc compared with the year-prior period. By Jenna Baer Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

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