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.
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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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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: 76
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%.
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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.
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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.
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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.
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Visit: 564
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.
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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.
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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.
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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.
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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.
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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.
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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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Visit: 654