Twitter

Cobalt, Critical, Strategic and Rare Earth Minerals and Metals

Tiny But Vital Metal Markets Rush to Adjust to Chinese Clampdown (Bloomberg News – December 21, 2024)

https://www.bnnbloomberg.ca/

Chinese curbs on exports of three niche metals to the US have already rattled the market. Now, a bigger clampdown looks set to have far-reaching ramifications for supply chains feeding American defense and chip-making industries.

Beijing this month slapped a ban on US-bound exports of gallium, germanium and antimony in a tit-for-tat move in a technology trade war. The metals are important because they have crucial uses in many Western industries from military tech to semiconductors to satellites.

Read more

‘As much money out the door as they possibly can’: Biden administration keeps grants coming – by Gabriel Friedman (Financial Post – December 18, 2024)

https://financialpost.com/

The Biden Administration continues to announce major funding deals for many of Canada’s critical minerals companies

The United States government says it will provide a US$754-million loan to construct a synthetic graphite plant in Tennessee to Novonix Ltd., whose chief executive Chris Burns is based in Halifax, where it maintains its research labs, though it is publicly listed in Australia.

The loan is just one example of how U.S. President Joe Biden‘s administration’s focus on building out a North American critical minerals supply chain has often accrued to the benefit of Canadian-based companies, many of which have struggled to raise money on public markets in the face of moribund commodity prices.

Read more

Column: Critical metals will be a key battleground in US-China trade war – by Andy Home (Reuters – December 17, 2024)

https://www.reuters.com/

It’s clear that critical minerals will be China’s weapon of choice in its escalating trade war with the United States. Every time Washington imposes new restrictions on exports of advanced semiconductor chips to China, Beijing responds by tightening controls on exports of the critical inputs for chip manufacturers.

A third clamp-down on China’s semiconductor industry has drawn a swift response in the form of a full ban on exports of Chinese gallium and germanium to the United States. Exports of antimony, used in photovoltaic glass, are now also banned in what looks like a riposte to US tariffs on Chinese solar panels.

Read more

Nova Scotia quietly advancing pursuit of critical mineral development – by Taryn Grant (CBC News Nova Scotia – December 12, 2024)

https://www.cbc.ca/news/canada/nova-scotia/

The deals come on heels of critical mineral strategies released last year from both N.S. and Ottawa

Nova Scotia has struck a deal with Ottawa to help with the pursuit of growing the critical minerals industry, which some say is essential for supporting clean energy goals. Shortly before calling a snap election this fall, Premier Tim Houston’s cabinet signed an order-in-council that refers to funding from Ottawa “for the development of critical mineral potential in Nova Scotia.”

The province did not answer questions about the deal during the campaign. Following the Progressive Conservative win last month, a spokesperson for the Department of Natural Resources and Renewables said the province has signed two agreements with Natural Resources Canada.

Read more

Global scramble for critical minerals fuelling protectionism – by Cecilia Jamasmie (Northern Miner – December 12, 2024)

https://www.northernminer.com/

A growing wave of protectionism is sweeping across 72 nations, as governments scramble to secure access to critical minerals essential for strategic industries, new research by global risk intelligence firm Verisk Maplecroft shows. The study reveals a surge in state intervention not seen in Western democracies since the early 20th century, driven by concerns over national security and supply chain stability.

Verisk Maplecroft’s Resource Nationalism Index (RNI), which measures protectionism and interventionism in the energy and mining spaces across 198 countries, highlights a sharp increase in protectionist policies over the past five years. The trend is most pronounced in Europe and North America, where geopolitical tensions and a fractured global landscape are reshaping economic practices.

Read more

China has ‘weaponized’ global critical mineral supply chain, US miners group says – by Henry Lazenby (Northern Miner – December 4, 2024)

https://www.northernminer.com/

China’s ban on U.S.-bound critical mineral exports is “mineral extortion,” Washington D.C.-based National Mining Association (NMA) president Rich Nolan said on Wednesday. The export ban announced a day earlier targets gallium, germanium, antimony and graphite. These minerals are needed for semiconductors, 5G phone tech, defence systems and electric vehicle batteries. Antimony is found in bullets. Nolan described the export ban as a calculated bid for geopolitical leverage.

“China has weaponized the world’s mineral supply chains,” he said in an emailed statement. “We must confront Chinese mineral extortion and recognize that U.S. mining policy is the foundation of our nation’s economic, energy and national security.”

Read more

Rattled by China, West scrambles to rejig critical minerals supply chains – by Amy Lv, Divya Rajagopal and Ernest Scheyder (Reuters – December 6, 2024)

https://www.reuters.com/

BEIJING/TORONTO/LONDON (Reuters) – China’s trade restrictions on strategic minerals are starting to hit Western companies where it hurts.

Blaming Beijing’s curbs on antimony exports announced in August, German chemicals and consumer goods heavyweight Henkel told customers last month it had declared force majeure and suspended deliveries of four types of adhesives and lubricants widely used by automakers, according to a Nov. 8 letter to clients reviewed by Reuters.

Read more

North Carolina floods threaten mines key to global electronics industry – by Eva Dou (Washington Post – October 1, 2024)

https://www.washingtonpost.com/

The high-purity quartz sand that’s mined in the town of Spruce Pine, N.C., is critical for making everything from semiconductors to solar panels.

Flooding in North Carolina has imperiled the operations of mines that produce the world’s purest quartz sand — an irreplaceable ingredient for manufacturing components at the heart of smartphones and other electronic devices.

The town of Spruce Pine, where these unique mines are located, remains in a dire situation, with power, water and cell service largely disconnected early Tuesday. While the floodwaters brought on by Helene have receded, local residents said many roads remained impassable. Some people were still trying desperately to confirm loved ones were safe.

Read more

The role of minerals in Trump’s energy strategy dominance agenda – by Gregory Wischer and Shubham Dwivedi (Mining.com – December 3, 2024)

https://www.mining.com/

President-elect Donald Trump has announced that his administration will pursue a path toward “US energy dominance”. He emphasized that “America is blessed with vast amounts of ‘Liquid Gold’ and other valuable minerals and resources,” declaring, “We will ‘DRILL BABY DRILL.’”

Achieving energy dominance will necessitate substantial quantities of minerals, ranging from tungsten in exploration drill bits to copper in electrical transmission lines. Crucially, this goal also requires secure mineral supply chains.

Read more

China bans exports to US of gallium, germanium, antimony in response to chip sanctions – by Elaine Kurtenbach (Associated Press – December 3, 2024)

https://apnews.com/

BANGKOK (AP) — China announced Tuesday it is banning exports to the United States of gallium, germanium, antimony and other key high-tech materials with potential military applications, as a general principle, lashing back at U.S. limits on semiconductor-related exports.

The Chinese Commerce Ministry announced the move after the Washington expanded its list of Chinese companies subject to export controls on computer chip-making equipment, software and high-bandwidth memory chips. Such chips are needed for advanced applications.

Read more

Biden’s Angola visit aims to showcase his attempts to rival China – by Anne Soy (BBC.com – December 2, 2024)

https://www.bbc.com/

Apart from oil, Angola is also rich in minerals, including cobalt and lithium, which are essential for making batteries for electric vehicles.

Joe Biden has begun his long-anticipated maiden visit to sub-Saharan Africa as US president but it comes amidst uncertainty over future US-Africa relations as Donald Trump prepares to succeed him in January.

Biden’s visit to oil-rich Angola seeks to underline an attempt by America to focus more on trade and heavy investment in infrastructure, in what some analysts see as the most direct counter yet to China’s influence on the continent.

Read more

‘Green’ energy needs metal. Can we combat climate change while reducing mining impacts? – by Kate S. Petersen (USA TODAY – December 1, 2024)

https://www.usatoday.com/

More than 2 miles across and nearly 2,000 feet deep, the mining operation in a social media photo has replaced any flora that might have once inhabited the now barren landscape. Nothing but soil and stone is visible until the horizon meets the sky.

In an apparent attempt to disparage the renewable energy transition, the post showcasing the image wrongly asserts the devastation was caused by mining for lithium – a key ingredient in electric car and grid storage batteries. In reality, the post shows a gold mine and is one of a suite of false claims about lithium mining USA TODAY has debunked.

Read more

[Antimony] The Secret Metal That Helped Win WWII is Back, And Prices Are Soaring – by Editor Oil Price (Yahoo Finance – November 24, 2024)

https://finance.yahoo.com/

More than 100 years ago, a ship left a Nova Scotia harbor carrying a precious cargo that few today would recognize as valuable. The crew, full of optimism, was bound for Wales hoping that the metal they carried would lead them to riches. Unfortunately, they never made it.

A German U-boat lurking in the cold Atlantic waters fired a torpedo and the ship went down, sinking to the ocean floor along with its mysterious cargo. At the time, the metal seemed unimportant, but its true value wasn’t fully realized until later. Fast forward to today and that same metal is critical to modern military and industrial applications.

Read more

Column: Trump 2.0 won’t reverse Biden’s critical minerals push – by Andy Home (Reuters – November 21, 2024)

https://www.reuters.com/

Donald Trump has described the Inflation Reduction Act (IRA) as a “green scam” and vowed to repeal it after he returns to the White House in January. This is bad news for sectors such as electric vehicles (EV) and wind power, which have been major recipients of the Biden administration’s signature $369 billion energy transition legislation.

But some of the “new green deal” money has also been channeled to the US industrial base, such as the $75 million allocated for an upgrade of Constellium’s aluminum rolling mill in West Virginia.

Read more

Challenges in critical minerals supply threaten global energy transitions – by Marleny Arnoldi (Mining Weekly – November 22, 2024)

https://www.miningweekly.com/

An unprecedented surge in demand for critical minerals on the back of global transitions to clean energy is posing significant challenges in meeting these goals, as the critical minerals sector experiences various challenges, says data and analytics company GlobalData.

“The global transition to clean energy is gaining momentum, heavily relying on renewable technologies such as solar PV cells and wind turbines, alongside energy transition solutions like hydrogen, energy storage and carbon capture,” GlobalData explains, adding that this growing demand is putting pressure on minerals supply.

Read more