Pentagon resumes rare earths funding program
In April, the Pentagon awarded Lynas Corp and MP Materials funding for rare earths separation facilities in Texas and California.
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Silver price surges to highest in seven years
Silver prices have risen around 15% this week powered by low interest rates, resurgent investment demand, disrupted production and a recovery in industrial consumption.
Perfect storm in scrap is copper’s hidden bull driver
Global scrap trade flows have dropped significantly over the past two years as China has closed the import door.
Sanctioned Israeli billionaire to gain from Elon Musk cobalt deal
Dan Gertler stands to indirectly benefit from an American company’s payments, despite being blacklisted from the US financial system.
First Cobalt goes ahead with refinery expansion plan
Company says the expansion could save millions of dollars by lowering operating costs.
Karora Resources to sell 28% of Quebec nickel project
The company is selling its interest in Dumont to two private funds advised by Waterton Global Resource Management, for a total of up to $48 million.
South Africa mines minister hospitalized with covid-19
Gwede Mantashe, who is also chairman of the ruling ANC party in the African nation, went into self-quarantine about a week ago.
Gold price surpasses $1,860 – highest since 2011
Bullion has surged nearly 22% this year and is now within $70 of an all-time high.
Sandvik to deploy Nokia 5G wireless network at test mine
5G capability will also be used for automated mining processes and enabling remote machine operations.