New approach needed in mining critical minerals
View: Source Government incentives and public literacy on metals could mobilize innovation and expand Canada’s role in global mineral supply chains. Global demand for critical minerals is increasing at a rapid pace, fueled by multiple factors including economic growth, the need for cleaner technologies and the NATO target of five per cent of GDP for annual defence spending, which in Canada is to …
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US losing ground to China in competition over Central Asia’s critical minerals
View: Source US officials keep expressing enthusiasm for expanding trade in critical minerals with Central Asian states. But while Washington talks, China is taking substantive action to expand its hold over Central Asia’s abundant resources. During her recent Senate confirmation hearing, Julie Stufft, the Trump administration’s nominee to be US envoy to Kazakhstan, reaffirmed US interest in developing Central Asia’s critical minerals sector. “Almost …
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Australia and Canada should cooperate, not compete, on critical minerals
View: Source The global critical minerals race is heating up, and by not collaborating more closely, Australia and Canada are letting down their partner nations. Despite being the world’s two most reliable and like-minded mining giants, the pair are drifting apart just as they should be forging a united front. To secure global supply chains, counter coercion and boost economic and …
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The U.S. Critical Minerals Dilemma: What to Know
View: Source Critical minerals play an essential role in security and technological competitiveness, but the United States relies heavily on imports from China and other foreign sources. The Trump administration is trying to change that. In 2022, the U.S. government identified fifty minerals considered critical to the U.S. economy and national security. These minerals, such as cobalt and lithium, play essential …
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Brazil Moves to Guard Its Critical Minerals as Global Demand Grows
View: Source Brazil’s President Luiz Inácio Lula da Silva has announced the creation of a new commission to map and control the country’s critical minerals, aiming to keep these resources under national ownership as global competition for them heats up. Only about 30% of Brazil’s mineral-rich territory has been fully explored. The government wants to identify how much lithium, rare earths, …
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Brazil to map its critical minerals potential
View: Source The Brazilian government will create a commission to develop a comprehensive map of the country’s mining potential, particularly focusing on so-called critical minerals, as the topic is gaining prominence in the wake of trade tensions with the US. “I recently read an article saying that the United States is interested in Brazil’s critical minerals. Well, if I don’t even know …
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Critical Minerals Supply Crisis Call Signal: Multi-Billion Dollar Funding Wave of Global Development
View: Source Platinum group metals markets are experiencing significant supply deficits of approximately 500,000 ounces annually for both platinum & palladium, representing 5% of total market demand, while recent price performance shows platinum gaining 33% and palladium 12.5% since May driven by genuine physical demand from Asian markets. Export restrictions on rare earth elements from dominant producing nations have fundamentally altered …
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Ontario ‘scales up’ Critical Minerals Innovation Fund to strengthen mining supply chain
View: Source The provincial government is providing $7 million for a new round of the Critical Minerals Innovation Fund (CMIF). It’s meant to help strengthen and secure mining supply chains so they’re not so dependent on the United States. Politicians and stakeholders were at Science North in Greater Sudbury on Wednesday when Minister of Energy and Mines, Stephen Lecce, announced the launch of the new …
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Indonesia to remove US critical minerals export restrictions
View: Source Indonesia has agreed to eliminate tariffs on more than 99% of U.S. goods and scrap all non-tariff barriers facing American firms, while the U.S. will drop threatened tariffs on Indonesian products to 19% from 32%, the two countries said on Tuesday. Trump hailed the deal, which he first announced on July 15, in a posting on his Truth Social …
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Who Controls Critical Minerals: A New Paradigm of Ownership Emerges
View: Source Neither the US nor China can power their economies from domestic mineral production alone, and both parties are jockeying to source critical minerals such as copper, lithium, cobalt, nickel, and rare earth elements from developing and emerging countries. The demand is almost insatiable: for example, it is estimated that we may need as much copper in the next 20 …
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