Abu Dhabi-based International Holding Company (IHC) and India’s Adani Group have expanded their investment plans in Odisha, outlining INR 2.105 trillion (USD 25 billion) of potential investment across 14 projects spanning metals, critical minerals, energy, chemicals and infrastructure. The...
American Rare Earths has appointed Dr Sanja Miskovic as Chief Technical Advisor, with her work focused on process optimisation and recovery as the company advances the feasibility study for its Halleck Creek Rare Earths Project in Wyoming, USA. Miskovic will work on flowsheet development, mineral...
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Lindian Resources has begun diamond drilling at its North Knoll prospect in Malawi, marking the first real test of a target that has been drawing interest since early sampling returned rare earths grades as high as 7.15 per cent total rare earth oxides (TREO). North Knoll sits just 800m north of...
The partnership of French-Swiss firm IB2 and Shanxi Senze Energy Technology Group results in a breakthrough technology of converting low-grade bauxite into high-quality feedstock that can be applied in aluminium production. This innovation will not only revive exhausted bauxite mines but also...
Slovakia’s electricity distribution network is set for a major overhaul after the European Investment Bank ( EIB) approved a EUR 350 million ( USD 408 million) loan for the Zapadoslovenska energetika (ZSE) Group. The funding will support a multiyear programme aimed at modernising key parts of the...
Based on an import value of USD3.21 billion – down 35.3 per cent y-o-y but up 7.7 per cent M-O-M – Mysteel Global estimated the average import price at USD72.8per tonne, marking a 19.2 per cent decrease from November last year and a 2 per cent increase from October. The year-on-year drop was...
Gallium, indium and germanium are unusual metals and none of them come from mines of their own. They are recovered only in tiny amounts when other minerals are processed, which means their supply depends on decisions made in entirely different parts of the mining industry. In mining, the word...
Glencore plans to cut about 1,000 jobs as it tries to get its costs back in check and reset the business. The decision comes at a time when big mining companies, including Glencore, are dealing with rising expenses and ageing mines that are becoming tougher and more expensive to operate. At a...
The US Department of Defence has reportedly directed USD 29.9 million to ElementUSA for establishing a demonstration facility aimed at producing gallium and scandium on American soil, with a strong focus on leveraging alumina refining. The goal of the project is to ramp up domestic production of...
The 15th Five-Year Plan outlines four key transitions that reorient development priorities away from speed- and quantity-based metrics toward quality, security, and long-term institutional capacity. 1 | Growth engine: from factor-driven expansion to high-tech industrialisation Building on the 14th...
Vedanta Limited (VEDL), through its subsidiary, ESL Steel (ESL), is to raise INR 2 billion (USD 223 million) by using 10 to 12 per cent non-convertible debentures. The raise must meet its funding obligations of Vedanta Resources Limited (VRL) of USD 206 million to Konkola Copper Mines (KCM) by the...
China, which has been the long-standing dominator of rare earths and its supply chain, imposed strict restrictions on rare earth exports on October 8. Many dependents on China’s rare earth, including the US and the EU, faced impacts, but later on, managed to strike a year-long truce. Beside China,...
As reported to the Parliament on Monday, the Geological Survey of India (GSI) informed that it is pushing its efforts in exploring essential and strategic minerals. This will include the launch of 230 projects in the current fiscal year, up from 195 last year. As a reply to the question raised in...
As of November 28, Mysteel's assessment for the benchmark 5,500 kcal per kg thermal coal at China's northern ports reached RMB 821per tonne (USD 116.8per tonne), down RMB 9per tonne from a week ago. The 5,000 kcal per kg and 4,500 kcal per kg NAR grades reached RMB 721per tonne and RMB 625per...
A new government report warns that the UK is entering an era in which access to critical minerals will shape national security, economic resilience and the country’s ability to reach net zero. The accelerating demand across the globe and the simultaneous supply risks pacing equally have driven the...
Many key investments have emerged in various themes, including artificial intelligence (AI), quantum computing and memory chip stocks. But for now, the attention is more extensive on the nuclear energy stocks. This is more so because many high-profile nuclear stocks in Q3 have reported their...
In the 19th century, steel became the backbone of global industrial strategy. In the 20th century, it was oil. And, in the 21st century, it is the rare earth elements. 17 metallic elements from the periodic table, chemically similar and physically unremarkable to the eye, have become the...
The Indian Union Cabinet is providing a total of INR 7,280 crore (USD 815.0 million) scheme, which is designed to promote the country’s manufacturing prowess of rare-earth permanent magnets. The country’s Prime Minister, Narendra Modi, has given his approval for the initiative, popularly known as...
Websol Energy System, one of the premier solar manufacturing companies in India, is all set for an expansion with its recent capacity additions. It has expanded its capacity by adding 4 GW of solar cell and 4 GW more solar modules. In addition, the company has added a 600 MW mono-PERC cell line in...
India has used the G20 platform to push for a fresh international effort around critical minerals, an area where Beijing’s dominance has left many economies — India included —highly exposed. At the leaders’ meeting in Johannesburg, Prime Minister Narendra Modi introduced a proposal for a G20...
