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  • Antimony: Critical Metal Poses Risk to U.S. Military Supply Chain

    BY John Davis
    A potential conflict with China poses a significant threat to the U.S. military, particularly if Beijing decides to restrict exports of antimony—a key metal crucial to the American military’s arsenal. Antimony (Sb) is one of the best-performing commodities this year, and its restricted supply could jeopardize military readiness. Antimony miners in Western-friendly nations are currently...
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  • BHP to Invest $12 Billion in Chile Copper Operations Amid Labor Protests

    BY Sophia Schmitz
    BHP has announced plans to invest over $12 billion to expand its copper operations in Chile, focusing on the Escondida and Spence mines in the Antofagasta region. The investment aims to counter an expected production decline between 2027 and 2030. At the same time, the company faces worker protests over alleged labor abuses. Alexis Barrera,...
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  • Oman Launches Aluminium Initiative in Suhar to Drive Industrial Growth

    BY Lara Browne
    The Ministry of Commerce, Industry & Investment Promotion has launched the Aluminium Initiative in Suhar, in the North Al Batinah Governorate. This ambitious project aligns with Oman’s Industrial Strategy 2040, aiming to diversify the economy and promote sustainable industrial growth. The initiative seeks to create an integrated economic cluster focused on downstream aluminium industries, emphasizing...
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  • Korea Zinc’s Battery Precursor Technology Recognized as National Core Technology

    BY Lara Browne
    Korea Zinc, the world’s largest producer in the non-ferrous metals sector, has had its patented technology for processing secondary battery precursors officially recognized by the South Korean government as a national core technology. This designation means that the government will manage the technology with special oversight, particularly in matters of mergers and acquisitions involving foreign...
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  • Oman Plans Integrated Aluminium Industries Cluster in Suhar

    BY Sophia Schmitz
    Omani authorities are advancing plans to establish an Integrated Economic Cluster for Aluminium Industries in the Wilayat of Suhar, a region already at the heart of substantial aluminium-related investments. The Oman Vision 2040 Implementation Follow-Up Unit is spearheading this initiative, collaborating with various government ministries and agencies to move the project forward. The planned cluster...
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  • Trump Expected to Tighten Restrictions on Chinese Nickel Under IRA

    BY Lars Jensen
    Industry sources indicate that the incoming Trump US administration is planning to adopt a stricter approach toward allowing Chinese-owned or operated raw materials, such as nickel, to qualify for credits under the Inflation Reduction Act (IRA). Washington insiders told Fastmarkets that one of the new administration’s early actions will likely be to tighten the Foreign...
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  • Tighter Restrictions on Chinese Nickel Expected Under Incoming Trump Administration

    BY Lars Jensen
    Securing nickel that complies with the Inflation Reduction Act (IRA) requirements is expected to become even more challenging. The US president-elect, Donald Trump, is likely to adopt a zero-tolerance approach to allowing Chinese-owned or operated supplies of raw materials like nickel to qualify for IRA credits. Washington sources told Fastmarkets that one of the first...
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  • Russia Proposes Resource Alliances with Africa to Boost Subsurface Management and Mineral Extraction

    BY Sophia Schmitz
    Russia has proposed resource cooperation in the management of subsurface resources to African countries, Russian Natural Resources Minister Alexander Kozlov announced at the Russia-Africa Partnership Forum in Sochi. The proposal aims to strengthen collaboration in mineral exploration, leveraging Russia’s expertise and extensive mineral reserves to assist African nations in tapping into their own resources. Minister...
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  • Trump’s Return Raises Concerns Over Trade Policies and Alumina Pricing Volatility

    BY Lars Jensen
    Donald Trump’s return to the White House after defeating Kamala Harris has generated waves of speculation across various economic sectors, including significant interest from the aluminium industry. Now serving as the 47th President of the United States, Trump’s history of implementing protectionist policies is making industry experts wary of potential shifts under his new administration....
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  • Philippines Looks to Critical Minerals Agreement with US to Reduce Dependence on China

    BY John Davis
    A critical minerals agreement with the United States could help reduce the Philippines’ dependence on Chinese and Indonesian exports and enable the country to focus on producing nickel suitable for battery use, according to Nickel Asia Corp. President and CEO Martin Antonio G. Zamora. Speaking at the Pilipinas Conference 2024, Zamora explained that China, the...
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  • Saudi EXIM Bank Signs $300 Million Credit Agreement with Glencore to Boost Mineral Exports

    BY Lara Browne
    The Saudi Export-Import Bank (Saudi EXIM) has signed a $300 million credit facility agreement with Glencore to support Saudi Arabia’s expanding mineral exports. The deal is part of efforts to boost Saudi non-oil exports by enabling the marketing of Saudi mineral products in over 156 global markets. The signing took place in Geneva, Switzerland, during...
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  • Norsk Titanium Secures Funding to Advance Nickel Superalloy Component Production for US Defense

    BY Lars Jensen
    Norsk Titanium has received continued funding to develop and refine its production process for nickel superalloy components aimed at US Department of Defense (DoD) applications. The company’s patented Rapid Plasma Deposition (RPD) technology is being used to create aerospace-grade structural titanium and is now expanding its capabilities to produce nickel superalloys. The funding supports Norsk...
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  • UK Export Finance Supports Overseas Projects to Secure Critical Minerals for UK Industries

    BY Lars Jensen
    UK Export Finance (UKEF) will now provide financial support for overseas projects that supply critical minerals essential to major UK industries, as announced by the Chancellor. This move aims to help British industries access a stable and long-term supply of these crucial resources, including minerals like lithium, graphite, and cobalt, which are vital to sectors...
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  • UK Export Finance Expands Support for Critical Mineral Projects Overseas

    BY John Davis
    UK Export Finance (UKEF) will now provide financial backing for overseas projects that source critical minerals essential to major UK industries, such as automotive, defence, and aerospace. This move aims to secure long-term access to materials like lithium, graphite, and cobalt, which are increasingly vital for emerging technologies, renewable energy, and the transition to net...
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  • Expanded U.S. Tax Credit Benefits Metal Refiners, Leaves Out Pure Mining Companies

    BY Sophia Schmitz
    The U.S. government has expanded its Section 45X Advanced Manufacturing Production Credit to cover extraction and material costs, benefiting metal refiners while excluding pure mining companies. This change, part of the Inflation Reduction Act, was announced in final regulations by the Treasury Department and Internal Revenue Service (IRS). The 45X Advanced Manufacturing Production Credit aims...
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  • Aluminium Association of India Calls for Government Support to Boost Investments

    BY John Davis
    The Aluminium Association of India (AAI), the apex body representing the leading aluminium producers in India, has submitted a pre-budget representation to the Department for Promotion of Industry and Internal Trade (DPIIT) under the Ministry of Commerce. The submission emphasizes aluminium’s crucial role in India’s economic growth, particularly as the nation aims to achieve the...
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  • U.S. Department of Energy Backs Lithium Processing Project with $2.26 Billion Loan

    BY Sophia Schmitz
    The U.S. Department of Energy (DOE) has closed a $2.26 billion loan to Lithium Americas Corp’s subsidiary, Lithium Nevada Corp, to support the construction of lithium processing facilities at Thacker Pass in Humboldt County, Nevada. The loan, part of the Biden-Harris Administration’s Investing in America initiative, aims to finance the project located adjacent to the...
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  • Russia Seeks to Establish BRICS Precious Metals Exchange to Ensure Fair Pricing

    BY Sophia Schmitz
    Russia is in negotiations with other BRICS nations to establish an international precious metals exchange, Russian Finance Minister Anton Siluanov announced on Thursday. The initiative aims to promote fair pricing and boost trade in the precious metals sector, providing an alternative to Western-dominated trading venues. Siluanov detailed that the proposed mechanism would include the development...
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  • US Urges G-7 Allies to Consider Sanctions on Russian Palladium and Titanium

    BY Lara Browne
    The United States has reportedly urged Group of Seven (G-7) allies to consider imposing sanctions on Russian palladium and titanium as the Biden administration explores new strategies to pressure President Vladimir Putin’s war effort in Ukraine. A person familiar with the matter revealed that Biden administration officials floated the possibility during a meeting of G-7...
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  • Gold Surges as Geopolitical Tensions and Economic Concerns Drive Demand

    BY Sophia Schmitz
    In Monday’s Asian market session, spot gold experienced a sharp upward movement, breaking through $2,731 per ounce and touching a new all-time high of $2,731.43 per ounce. This surge is attributed to escalating geopolitical tensions and rising concerns regarding the U.S. elections, which have driven demand for safe-haven assets. The recent surge in gold prices...
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  • Copper, Crude Oil, and Gold Rally as Global Uncertainty Fuels Investor Moves

    BY Lars Jensen
    Monday’s commodity markets experienced significant movements across copper, crude oil, and gold, influenced by a range of geopolitical and economic factors. Copper contracts on the London Metal Exchange (LME), crude oil futures on NYMEX, and gold futures on COMEX all saw gains as disruptions in mining, escalating geopolitical tensions, and economic signals shaped investor sentiment....
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  • Russia Moves to Exempt Aluminium Production Materials from Import Duties

    BY Lars Jensen
    The Russian government plans to exempt certain raw materials for aluminum production from the existing 5% import duty, according to a draft decree from the Ministry of Industry and Trade, as reported by Kommersant. The exemption will apply to aluminum fluoride and electrodes imported between May 2, 2024, and December 31, 2025. This measure aims...
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  • Indonesia Considers Extending Copper Concentrate Export Licenses to Support Smelter Operations

    BY Sophia Schmitz
    Indonesia’s Energy Minister, Bahil Lahadalia, recently announced a potential extension of copper concentrate export licenses for Freeport Indonesia and Amman Mineral for up to two months. This decision reflects the government’s broader efforts to upgrade and transform the domestic copper industry. As a significant producer of copper resources, Indonesia’s copper concentrate exports play an important...
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  • Russia Moves to Exempt Aluminium Production Materials from Import Duties

    BY John Davis
    The Russian government plans to exempt certain raw materials for aluminum production from the existing 5% import duty, according to a draft decree from the Ministry of Industry and Trade, as reported by Kommersant. The exemption will apply to aluminum fluoride and electrodes imported between May 2, 2024, and December 31, 2025. This measure aims...
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