Rare earth minerals are critical for national defense and industry. National stockpile levels are a mystery, though. And there are indications that the stockpile is insufficient, worrying experts. Rare earth minerals are needed to make all sorts of things, from F-35 stealth fighters and night-vision goggles to internet fiber-optic cables and MRI machines. They are […]
Researchers have found 230 million tons of precious minerals off a remote island over 1,200 miles from Tokyo. The motherlode contains enough cobalt and nickel to supply Japan for over a decade. Both materials are crucial in building EV batteries, with a global race underway to find new supplies. The world is scrambling to secure […]
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BCI Minerals has agreed to offload its Iron Valley iron-ore assets in the Pilbara region of Western Australia to Polaris Metals, a unit of Mineral Resources (MinRes), in a deal valued up to A$73m ($48.5m). The deal was executed through BCI Minerals’ subsidiary, Iron Valley. It aligns with BCI’s strategy to focus on industrial minerals, […]
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Norway just struck a gold mine. Well, a rare mineral mine. The Norwegian mining company, Rare Earths Norway, just uncovered the largest deposit of rare earth elements in Europe. The discovery has major implications not just for the company, which is certainly poised for a windfall, but for global geopolitics. Rare Earths Norway found the […]
China has a “near monopoly” on the mining of many raw materials that are critical for the production of semiconductors and other technologies, JPMorgan said Monday, highlighting the importance of key minerals in the escalating U.S.-China trade war. President Biden upped the ante in the ongoing spat with China last month when he targeted Chinese […]
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South Korean President Yoon Suk Yeol told AFP he sees opportunities for greater cooperation with African nations ahead of a summit in Seoul on Tuesday (SONG Kyung-Seok) South Korea will aim to secure critical mineral imports and boost trade ties with Africa as President Yoon Suk Yeol hosts dozens of heads of state from the […]
Australia and the European Union have signed a critical minerals trade agreement to try and deter China’s monopolisation of the critical minerals supply chain. The agreement was signed today (28 May, 2024) with six months of “concrete action” promised by Australian and European politicians, including plans to make the mining of critical minerals more sustainable. […]
By Rachel Savage and Duncan Miriri JOHANNESBURG/NAIROBI (Reuters) – China’s flagship economic cooperation program is bouncing back after a lull during the global pandemic, with Africa a primary focus, according to a Reuters analysis of lending, investment and trade data. Chinese leaders have been citing the billions of dollars committed to new construction projects and […]