Glencore Partners with U.S. EXIM-Backed Strategic Critical Minerals Reserve

The total investment of the project is 6.5 billion yuan, with 12 new box furnace production lines and 20 crucible furnace production lines, along with supporting auxiliary and ancillary production facilities, utility stations, and integrated environmental protection treatment facilities.

According to Nickel 28 on September 21, the Ramu nickel-cobalt integrated operation in Papua New Guinea, in which the company holds an 8.56% joint-venture interest, produced 811 tonnes of contained cobalt in MHP during the second quarter of 2026 and sold 881 tonnes. During the same period, contained nickel production reached 8,234 tonnes, while sales totaled 8,967 tonnes. Nickel 28 said Ramu maintained solid operating performance during the quarter. Higher sulphur prices increased operating costs, but this was partly offset by relatively strong nickel and cobalt prices, solid production and sales volumes, and favorable payability levels. The company expects second-half production and sales to remain broadly in line with the first half, while nickel and cobalt prices, payability levels and sulphur costs will remain key factors affecting profitability.

According to Aeternum Resources on September 25, the company has entered into an agreement to acquire 100% of American Renaissance Minerals, the project vehicle advancing the Nkamouna cobalt-nickel-manganese project in Cameroon. ARM is currently working with the Cameroonian government toward the award of a new mining permit for the project. Aeternum previously held an option to acquire a 51% interest in ARM, but the new transaction will give it full ownership of the project vehicle upon closing, which is expected in the fourth quarter of 2026. Nkamouna is described by the company as one of the world’s largest undeveloped cobalt-nickel-manganese projects. The transaction is expected to simplify the ownership structure and provide a clearer platform for future permitting, financing and project development.