Quad nations unveil $20B critical minerals plan
The Quad partner nations — United States, Japan, Australia and India — have released plans to invest $20 billion to further support the buildout of a reliable critical minerals supply…
Asia
Iran war squeezes acid, aluminium, miners’ margins: WoodMac report
The Iran war around the Strait of Hormuz is starting to hit miners far from the Persian Gulf, Wood Mackenzie warned on Wednesday. The conflict is choking sulphur shipments that…
US, India set up framework for critical minerals pact
The United States and India have signed a bilateral critical minerals agreement creating the framework for a strategic partnership focused on the security of supply through mining and processing. This…
China’s rare earths lead seen lasting post-summit: BMI
China’s stranglehold on the global rare earths supply is expected to “stay firmly in place” despite the recent summit between its President Xi Jinping and his United States counterpart Donald…
Freeport eyes full Grasberg output by end of 2027
Freeport-McMoRan‘s (NYSE: FCX) Indonesian unit has reaffirmed plans to restore the giant Grasberg mine in Indonesia to full production by the end of 2027 despite the process taking “longer than…
SME New York: Critical minerals boom lifts dealmaking
Global mining M&A is gaining momentum this year, driven by a surge in critical minerals deals, rising government intervention and a shift towards supply chain security, speakers said this week…
Honda halts $15B Ont EV plant amid losses
Honda is indefinitely suspending its planned $15-billion (US$11-billion) electric-vehicle and battery complex in Ontario, following the expansion project’s potential postponement first reported last week in Japanese media. The move marks…
India tries ‘unusual move’ to stop gold buying as Iran war bites forex
Indian Prime Minister Narendra Modi has asked Indians to stop buying gold jewellery for a year in a bid to protect foreign-exchange reserves, a move that could ripple through global…
Freeport delays Grasberg full restart to early 2028
Freeport-McMoRan’s (NYSE: FCX) Indonesia unit has confirmed the delayed restart of full production at the Grasberg mine, as it continues to recover from a deadly accident last year that dented…
Australian state vote may allow uranium mining for first time in 40 years
The New South Wales (NSW) government has taken a major step towards potentially allowing uranium mining and nuclear energy in Australia’s most populous state. A bill to repeal the 1986…
Rio Tinto boss pushes cost cuts with jobs in focus
Rio Tinto (ASX, NYSE, LSE: RIO) CEO Simon Trott said on Wednesday he will continue to streamline the company’s global operations with the goal of reaching billions of dollars in…
Geopolitical shocks build copper’s bull case: Sprott
The investment thesis for copper is only getting stronger amid renewed emphasis on energy security and growing concerns over supply as the cost of metal production surges, according to Sprott…