September 28, 2023

$1bn metals SPAC deal backed by Glencore, automakers collapses

ACG had planned to buy a nickel mine and a copper mine from Appian Capital.

September 28, 2023

China’s grip on critical minerals draws warnings at IEA gathering

US Energy Secretary Jennifer Granholm said the world is up against a dominant supplier of critical minerals willing to exploit its position for political gain.

September 28, 2023

Canada, France boost critical minerals cooperation

They will work together to secure supplies of critical minerals in both countries and promote investment in the supply chain.

September 28, 2023

Atlas Materials raises $27m for new nickel technology for EV batteries

Technology processes nickel ore for EV batteries with no waste.

September 27, 2023

Glencore to stop funding troubled New Caledonia nickel plant

New Caledonia has some of the world’s largest reserves of the metal, but its three smelters have faced years of losses linked to high costs and social unrest.

September 27, 2023

Climate targets threatened by lack of mining investment: McKinsey

Report reveals looming shortages of minerals key to the energy transition as low commodity prices cause investors and miners to cut spending.

September 26, 2023

Canada sees China as less ‘dependable’ partner on critical minerals, minister says

Canada in 2022 asked three Chinese companies to sell their stakes in Toronto-listed lithium explorers after a national security review.

September 26, 2023

Philippines’ lower house passes bill overhauling mining tax system

Under the bill, large-scale metallic mining operations within mineral reservations shall be subject to a royalty rate of 4% of the gross output.

September 25, 2023

Nickel fraud: Same paper in, same paper out 

As these cases show, fraudsters went to great lengths to dupe their counterparties with considerable success for some 18 months while they pocketed more than $326m.

September 25, 2023

Gates, Bezos-backed KoBold Metals to build copper mine in Zambia within 10 years

The California-based firm is spending about $150 million to speed up additional exploration at its Mingomba project.