Australia and US Boost Support for Critical Minerals With $3.5 Billion

Australia and the U.S. have committed more than A$5 billion ($3.5 billion) to back a range of critical mineral projects, nearly double the amount pledged when the two countries struck a co-operation agreement six months ago, Canberra said on Sunday. The funding seeks to support Australian ventures to develop and refine metals vital to industries including defense, advanced manufacturing and …

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China hikes rare earth prices by 45%

One of China’s biggest rare earth producers has hiked prices significantly, underscoring tightening market conditions and high geopolitical tensions in the midst of a raging conflict in the Middle East. On Friday, China Northern Rare Earth Group said it had set its rare earth concentrate transaction price for the second quarter at 38,804 yuan (about US$5,390) per tonne, excluding tax, …

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Aluminium prices hit four-year high on Hormuz disruption risk

Aluminium prices rallied again on Monday, hitting their highest in over four years, as ongoing disruptions to flows along the Strait of Hormuz continued to alter the supply-demand balance. Failed peace talks between the US and Iran, and threats by president Donald Trump for a full blockade of the Strait, pushed three-month aluminium futures on the LME 1.7% higher to …

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