Latest Chemical Industry News

Champion Iron Limited has announced a conditional cash tender offer to acquire Norwegian iron ore producer Rana Gruber for approximately US$289 million, backed by key financial partners La Caisse and Scotiabank. The deal aims to expand Champion’s high-grade iron ore portfolio and strengthen its position in the green steel supply chain.

Argosy Minerals has executed a spot sales contract for 16.1 metric tonnes of lithium carbonate from its Rincon project, marking a key commercial milestone amid rising lithium prices.

Queensland Brine Solutions has locked in a strategic 10-hectare site to develop its Queensland Brine Management Complex, aiming to transform waste brine from the coal seam gas industry into valuable green chemicals.

Galan Lithium Limited advances its Hombre Muerto West project with a new mining permit and a significant resource upgrade at Candelas, positioning itself among the global lithium leaders and targeting production in H1 2026.

Galan Lithium has received US$3 million from Latam Resources, an affiliate of Chemphys, to fund ongoing operations at its Hombre Muerto West project, advancing its path toward production and an offtake prepayment facility expected in Q1 2025.