MP Materials awarded $58.5 million tax credit for Texas rare earth magnet factory
MP Materials announced on Monday it has received a $58.5 million award from the US government to advance the construction of America’s first fully integrated rare earth magnet manufacturing facility.
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Visit: 89
MP Materials awarded $58.5 million tax credit for Texas rare earth magnet factory
MP Materials announced on Monday it has received a $58.5 million award from the US government to advance the construction of America’s first fully integrated rare earth magnet manufacturing facility.
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Visit: 64
Mexican mining sector balks at plan to ban open-pit mines
Mexican President Andres Manuel Lopez Obrador’s proposal to ban open-pit mining will generate uncertainty and curtail investment for the key sector, mining industry representatives said this week.
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Visit: 127
New leaders for Victorian mine rehabilitation
Victorian Energy and Resources Minister Lily D’Ambrosio has appointed a new chairperson and a deputy chairperson to the Mine Land Rehabilitation Authority (MLRA) board.
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Visit: 212
Uranium producer Niger launches mining sector overhaul
Niger temporarily suspended the granting of new mining licenses, the first step in an audit of its mining sector as it seeks to boost government revenue.
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Visit: 78
Barrick says outside actors to blame in new abuse allegations at North Mara in Tanzania
Mining News Pro - Barrick Gold says a human rights group making allegations of forced expulsions to expand the North Mara mine in Tanzania is incorrect.
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Visit: 71
Palladium price drops below $1,000 as demand from key car sector wanes
Mining News Pro - Palladium dropped below $1,000 an ounce for the first time in five years as demand falters amid a slowdown in car sales, the rise of electric vehicles and as users switch to cheaper platinum.
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Visit: 149
China promotes development of strategic rare earths sector
Mining News Pro - China, the world’s largest supplier of rare earths, said it would coordinate the exploration, development, utilization and standardized management in the industry, the state broadcaster said on Friday, highlighting the importance Beijing attaches to the strategic mineral resource.
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Panama electoral court says it can’t hold a mine referendum
Mining News Pro - Panama’s electoral court said it can’t organize a referendum over a flagship copper mine owned by First Quantum Minerals Ltd., as requested by President Laurentino Cortizo on Sunday, because that would require congress to first pass a law.
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Visit: 171
Silver price to benefit from solar sector demand once rates peak
Mining News Pro - Robust demand from the solar industry and limited supply growth from mines will buoy silver prices once the period of higher global interest rates is over, analysts said.
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Visit: 166
Iron ore price rises as output in Chinese steel mills hits highest since October 2020
Mining News Pro - Iron ore prices rose on Thursday helped by higher hot metal output data in China.
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Visit: 181
Colombian mining sector needs clear government messaging for energy transition
Mining News Pro - Colombia’s mining industry is ready to contribute to the energy transition but needs coherent messaging from the government to create the certainty needed to support investment, the boss of the Colombian Mining Association (ACM) said on Monday.
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Visit: 204
High tin stocks reflect weak consumer electronics sector
Mining News Pro - London Metal Exchange (LME) stocks of tin have grown steadily over the summer months and have reached levels last seen in April 2020.
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Visit: 165
Copper price rises as China factory activity expands
Mining News Pro - The copper price rose on Friday after Beijing delivered a boost for China’s property sector, while a private survey pointed to a pick-up in the country’s manufacturing sector.
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Visit: 157
Orexplore further explores critical minerals sector
Mining News Pro - Metal mining services company Orexplore Technologies has secured two key contracts in the critical minerals sector.
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Visit: 201
Copper price rises as China’s factory activity accelerates
Mining News Pro - The copper price rose on Friday after a surprise boost in Chinese factory activity lifted hopes for improved demand.
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Visit: 198
Tianqi Lithium exec sees more sector mergers and acquisitions
Mining News Pro - Tianqi Lithium, one of the world’s biggest lithium producers, expects more consolidation in the lithium industry, an executive at the group said on Tuesday, following a $10.6 billion merger announced last week between Allkem Ltd and Livent Corp.
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Visit: 143
EU raw material targets need money and faster permits, sector chief says
Mining News Pro - The European Union will only meet ambitious targets to reduce its reliance on China and other countries for critical materials by rapidly scaled-up financing and accelerated permitting, according to the head of an EU sector alliance.
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Visit: 134
Iron ore price set for worst month since October on demand concerns
Mining News Pro - Iron ore futures in Singapore were on track for the largest monthly decline since October as demand uncertainties flare, while a top global steelmaker warned conditions will remain tough for the rest of the year.
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Visit: 200
BHP seeks to tighten grip on South America’s copper sector
Mining News Pro - BHP (ASX: BHP), the world’s largest miner, is hoping to expand its investments in Argentina’s copper sector, where it already has a presence through its 9.9% stake Canada’s Filo Mining, the junior developing the Filo del Sol copper-gold-silver project straddling the border with Chile.
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Visit: 196
Development of extraction is the key factor for Chadormalu’s projects
Mining News Pro - IMIDRO’s chairman of the board believes that development of extraction is the key factor for Chadormalu’s projects.
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Visit: 345
China’s metal factories cut production on poor outlook
Mining News Pro - Shrinking orders at home and abroad are forcing many metal goods factories in China’s southern Guangdong province to shut for the Lunar New Year holiday weeks earlier than usual, while some are also cutting production plans next year, producers said.
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What will happen in mining sector in 2023?
Mining News Pro - The consensus forecast for average copper prices in 2023 is below current levels at around $7,660 per tonne, according to FocusEconomics with the lowest prediction at just $5,430 per tonne and the top end at an uninspiring $8,775 per tonne.
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Visit: 385
China's steel sector awaits demand rebound
Mining News Pro -China's steel output and prices in 2023 will be driven by the level of demand recovery compared with 2022, with infrastructure investment unlikely to increase while the outlook for property sector-driven demand remains uncertain.
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Visit: 187
Zimbabwean president says more investments welcome in mining sector
Mining News Pro - Zimbabwe welcomes more investors to take up opportunities in the exploration, extraction, and beneficiation of natural resources in order to maximize the value of its vast mineral wealth.
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Visit: 270