US green steel startup raises $129 million amid Trump tariff uncertainty
Colorado-based Electra has raised a total of $214 million from investors including Bill Gates-led Breakthrough Energy Ventures.
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India’s NMDC exploring coking coal assets in Indonesia, Australia
India, the world's second-largest producer of crude steel, meets 85% of its coking coal requirements through imports.
Chile regulator approves Codelco-SQM lithium tie-up
The competition regulator's approval follows endorsements from the EU, Brazil, Japan, South Korea, and Saudi Arabia.
Atlantic Lithium asks Ghana for tax relief to save mine
The value of the Ewoyaa lithium project has declined significantly due to an 80% drop in the battery metal prices since their peak in 2022.
Australian Prime Minister pledges to set up critical minerals strategic reserve
Albanese said the government would buy critical minerals from commercial projects or set up an option to buy at a given price.
Rio Tinto, Founders Factory’s Mining Tech Accelerator invests in startups from US and OZ
The partnership is looking for breakthrough technologies, and plans to invest in 12 startups annually from around the world.
Rare earths recycler Cyclic Materials to invest over $20M in first commercial facility in the US
The facility is expected to process 25,000 tonnes of end-of-life components containing rare earth permanent magnets a year.
Atlanta Fed introduces new GDP estimation model adjusted for gold trade
According to the Atlanta Fed, rising stockpiles of gold have artificially depressed its nowcast model by widening the US trade deficit.
Newmont beats first-quarter profit estimates on rally in gold prices
The company earned $1.25 per share for the quarter ended March 31, compared with analysts' average estimate of 90 cents.