Near record high LME prices a magnet for Chinese copper exports

China’s copper producers are planning to export up to 100,000 metric tons of metal, the largest volume in 12 years, aiming to cool a rally that has propelled prices towards record highs and hit their order books, three industry sources said.

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.

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.

Fewer rare earths needed for permanent magnets

Mining News Pro - Researchers at the Korea Institute of Materials Science (KIMS) have developed rare-earth-saving permanent magnets that can replace the 42M-graded commercial magnets while reducing the amount of neodymium by about 30%.

MP Materials enters rare earth magnet supply deal with GM

Mining News Pro - MP Materials announced Thursday that it has entered a binding, long-term agreement with General Motors (NYSE: GM) to supply domestically sourced rare earth materials, alloy and finished magnets for electric motors in more than a dozen GM models.

World-first Magneto-EX robot to revolutionise mine capability

Mining News Pro - The Magneto-EX robot is the new cutting-edge device designed for hazardous area inspections, optimising data capture capabilities and safety on mine sites.

China frictions steer electric automakers away from rare earth magnets

Mining News Pro - As tensions mount between China and the United States, automakers in the West are trying to reduce their reliance on a key driver of the electric vehicle revolution - permanent magnets, sometimes smaller than a pack of cards, that power electric engines.

Similar magnetite-rich mineralisation found in Block 2a of Tsodilo’s XIF project

Mining News Pro - Drill and assay results for TSX-V-listed diamond and metals explorer Tsodilo Resources’ Xaudum Iron Formation (XIF) project, in the Ngamiland region, in Botswana, confirm that Block 2a, located 10 km south of Block 1, is a continuation of the same Block 1 magnetite-rich units.

US tariffs on Chinese permanent magnets counterproductive

Mining News Pro - The US Department of Commerce is set to evaluate whether or not imports of rare earth permanent magnets from China pose a national security threat, but imposing tariffs on products sourced from its largest supplier might be counterintuitive, an analysis by Roskill has found.

Magnet rare earth oxides market to increase fivefold by 2030

Mining News Pro - A new report by Adamas Intelligence states that the market for magnet rare earth oxides is expected to increase fivefold by 2030 to $15.65 billion from the current $2.98 billion.

Magnetite Mines to trial CSIRO ore sorting technology

Mining News Pro - Magnetite Mines plans to conduct a trial on a magnetic resonance sensor developed by CSIRO at the Razorback iron ore project in South Australia.

Magnetite shakes the tin for Razorback

Mining News Pro - Magnetite Mines will raise A$5.65-million through a one-for-four renounceable rights issue, priced at 1c a share.

Researchers produce magnetic ‘Fool’s gold’

Mining News Pro - Researchers at the University of Minnesota in the US have electrically transformed iron sulfide, also known as “fool’s gold” or pyrite, into a magnetic material.

Cundaline Resources to work on Iron Bridge magnetite project

Mining News Pro - Fortescue Metals Group has awarded 100% Aboriginal owned company, Cundaline Resources Pty, with the contract for the West Canning Basin earthworks at its majority owned Iron Bridge magnetite project, in Western Australia.

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