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.
-
-
Visit: 70
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.
-
-
Visit: 51
US awards record $6bn to back industrial emissions reduction projects
The US Energy Department on Monday announced $6 billion in federal funding to subsidize 33 industrial projects in 20 states to cut carbon emissions, saying the investment would support well-paying union jobs and boost US competitiveness.
-
-
Visit: 69
O3 Mining wins 2024 PDAC Sustainable Development Award
Québec-focused gold junior O3 Mining (TSXV: OIII) has been named winner of the 2024 PDAC Award for Sustainable Development, considered one of the most prestigious recognitions in the Canadian exploration sector.
-
-
Visit: 62
Gold price flirts with new highs with market leaning towards June rate cut
Gold prices flirted with record highs on Monday as investors continue to bet on the safe-haven metal in anticipation of a US Federal Reserve interest rate cut this June.
-
-
Visit: 120
Nickel may see deficit on Indonesia hurdles, Macquarie warns
The global nickel market could swing to a surprise deficit this year if growth in Indonesian output is constrained by slow mining permit approvals, according to Macquarie Group Ltd.
-
-
Visit: 81
Diamond producers warn of pitfalls in G7’s Russia gem ban
The World Federation of Diamond Bourses (WFDB) issued an open letter on Wednesday calling on the G7 nations and the European Union to rethink the potentially “irreparable” market outcomes of its ban on Russia-produced diamonds.
-
-
Visit: 64
Trafigura delivers zinc to LME warehouses for lucrative rent deals
Commodity trader Trafigura has delivered large amounts of zinc to London Metal Exchange warehouses in Singapore under lucrative rent-sharing deals, three sources familiar with the matter said, pushing stocks there back towards November’s 20-year peak.
-
-
Visit: 65
Trafigura delivers zinc to LME warehouses for lucrative rent deals
Commodity trader Trafigura has delivered large amounts of zinc to London Metal Exchange warehouses in Singapore under lucrative rent-sharing deals, three sources familiar with the matter said, pushing stocks there back towards November’s 20-year peak.
-
-
Visit: 88
LME targets Hong Kong as option for warehouse expansion
The London Metal Exchange (LME) is studying Hong Kong as a location to expand its global metal warehouse network, five sources with knowledge of the matter said, hopeful success there might open the door to mainland China, its ultimate target.
-
-
Visit: 160
Lithium miners warn on plunging profits after price freefall
Two of China’s biggest lithium companies became the latest miners to issue stark warnings over the health of the battery metal industry, telling investors to prepare for tumbling profits and asset writedowns.
-
-
Visit: 72
Gold riches fuel Sudan militia’s war to rule nation
Sudan’s paramilitary Rapid Support Forces group is using large-scale proceeds from gold mining to fund its devastating war against the nation’s army, according to United Nations investigators.
-
-
Visit: 95
China, in comic strip, warns of ‘overseas’ threats to its rare earths
China’s chief intelligence agency posted on social media a comic strip featuring foreign-looking characters secretly extracting rare earths, in a story portraying the country’s strategic metals under threat from covetous “overseas organisations”.
-
-
Visit: 111
Share of Russian aluminum in LME warehouses rises to 90% after UK curbs
Mining News Pro - The share of available aluminum stocks of Russian origin in London Metal Exchange-approved (LME) warehouses rose to 90.4% in December from 78.8% in November, data on the exchange’s website showed on Wednesday.
-
-
Visit: 77
First Quantum warns of arbitration as Panama weighs copper contract
Mining News Pro - Canada’s First Quantum intends to start arbitration against Panama, the Central American nation’s trade ministry and the company said on Sunday, as Panama’s top court considers annulling a copper contract that opponents call unfair.
-
-
Visit: 158
Hormozgan Steel won the customer satisfaction award
Mining News Pro - In the 10th National Customer Satisfaction Summit, a certificate of appreciation was awarded to the CEO of Hormozgan Steel Company.
-
-
Visit: 146
Sibanye CEO warns of platinum mining job losses as price plummets
Mining News Pro - Sibanye Stillwater, South Africa’s biggest mining sector employer, may be forced to close some loss-making shafts, its CEO told Reuters, adding job cuts in platinum mining had become inevitable as prices of the precious metals fall.
-
-
Visit: 127
Hancock inches towards blocking stake in Liontown amid Albemarle bid
Mining News Pro - Australian billionaire Gina Rinehart’s Hancock Prospecting increased its stake in lithium miner Liontown Resources, the company said, moving it closer to being able to block a $4.3 billion bid by US-based Albemarle for Liontown.
-
-
Visit: 107
India forges global biofuel alliance in push toward net-zero aim
Mining News Pro - India launched a global alliance for promoting biofuels adoption at the Group of 20 leaders meeting in New Delhi, aimed at reducing emissions in the transportation and industrial sectors.
-
-
Visit: 126
SQM sees similar lithium prices going forward after earnings dip
Mining News Pro - The CEO of Chilean lithium miner SQM expects prices for the key battery metal to hold steady in the third quarter from the previous one, he said on Thursday, while predicting demand would keep growing.
-
-
Visit: 89
Hormozgan Steel Company received the social responsibility award
Mining News Pro - Hosco received the “Social Responsibility Award” in the Third Public Relations and Social Responsibility summit.
-
-
Visit: 136
McKinsey adds to warnings of clean energy metals shortages
Mining News Pro - McKinsey & Co. joined the growing chorus warning that metals considered key to the clean-energy transition face shortages in coming years, potentially suppressing the adoption of electric cars, wind turbines and solar panels.
-
-
Visit: 239
Newcrest seeks to address gold mine air pollution after warning
Mining News Pro - Australian gold miner Newcrest Mining Ltd. is installing filters in the vent shafts at one of its largest mines, after this week being told by authorities to immediately address the “unacceptable” levels of dust being emitted from the site.
-
-
Visit: 131
Lithium producers warn global supplies may not meet electric vehicle demand
Mining News Pro - Lithium producers are growing anxious that delays in mine permitting, staffing shortages and inflation may hinder their ability to supply enough of the battery metal to meet the world’s aggressive electrification timelines.
-
-
Visit: 156
Tjiwarl Contracting partners up with Develop
Mining News Pro - Exploration company Develop has signed a Memorandum of Understanding (MoU) with Tjiwarl Contracting Services (TCS) to establish businesses that would provide contracting services to mine sites.
-
-
Visit: 137