Pentagon lends $700 million to Vulcan, ReElement for rare earth magnets
With the funding, Vulcan and ReElement expect to produce as much as 10,000 metric tons of the magnet material over the next several years.
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China starts $1.4 billion revamp of Mao-era African railway
The 1,860-kilometer (1,156-mile) Tanzania-Zambia railway has fallen into disrepair, operating at only a fraction of its original capacity.
PE firm AIP said to explore sale of biggest EU aluminum smelter
Companies including Rio Tinto, Glencore, and Metlen Energy and Metals have already submitted non-binding offers, according to Bloomberg.
Aris pays $80M for full ownership of Soto Norte
By gaining full ownership of Soto Norte, Aris is now positioned to become a million-ounce-per-year gold producer, the company said.
A2MP secures $300 million from Afreximbank for African minerals
A2MP has mining interests from Gabon and Cameroon to Mozambique, while owning almost 50% of FG Gold.
Codelco signs deal with Adani for exploration in Chile
The agreement includes the review of three copper projects and sets framework for potential joint development.
Europe faces copper shortages unless EU halts scrap exports, industry says
Exports of copper scrap from the EU have surged by 31% since 2022.
Lithium prices plunge in China after moves to curb speculative trading
Guangzhou Futures Exchange said it would increase transaction fees for some futures contracts of lithium carbonate from November 24.
CATL aims to restart key Chinese lithium mine by early December
The mine is expected to account for about 3% of global lithium production.
