Lynas beats profit estimates as prices of rare earths soar Earlier this month, the US Department of Defense awarded $30 million in funds to build a facility in Texas to Lynas. Reuters | February 25, 2021 | 2:44 pm
Southern Copper to push forward on new projects as copper price spikes Company will seek to push forward with several new and pending projects in the mineral-rich Andean nation as prices rise. Reuters | February 25, 2021 | 2:40 pm
Tesla to cut Model 3 production in US for two weeks One person said a chip shortage may have affected the production cutback, which would last until March 7. Reuters | February 25, 2021 | 2:34 pm
Hyundai’s $900m recall shows EV glory is no one-way road Company's recall of nearly 82,000 electric vehicles highlights how costly the shift to the industry’s new frontier can be for all the automakers piling in, both to their balance sheets and their brands. Bloomberg News | February 25, 2021 | 2:30 pm
Gold price weakness takes $1.5bn out of largest ETF In the wake of the recent gold price decline, metal holdings in the GLD gold ETF have fallen by 26 tonnes in a week. MINING.COM Staff Writer | February 25, 2021 | 11:21 am
Gold Fields gets step closer to curbing reliance on Eskom Mining firms say red tape has prevented them from generating their own power for years and have lobbied the government for rule changes. Reuters | February 25, 2021 | 10:52 am
Alamos reports record operating cash flows, ups dividend by 25% The company’s two Ontario underground mines both posted strong performance in the quarter. Canadian Mining Journal Staff | February 25, 2021 | 10:48 am
Sabina updates feasibility on 15-year ‘world-class’ project in Nunavut Average production in the first five years is estimated at 287,000 oz gold annually. Canadian Mining Journal Staff | February 25, 2021 | 10:47 am
MINING PEOPLE: First Majestic, Generation Mining, Integra, Lundin Mining Key moves in the mining sector. Canadian Mining Journal Staff | February 25, 2021 | 10:46 am