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International Media Resource Articles

Putin Dangles Rare Earths Deals for U.S. in Russia and Occupied Ukraine (New York Times – February 24, 2025)

https://www.nytimes.com/

In an interview broadcast on Monday, President Vladimir Putin said U.S. companies stood to profit in Russia, but suggested a Ukraine peace deal was still far off.

President Vladimir V. Putin on Monday said American companies could do lucrative business deals in Russia and even help mine rare earths in Russian-occupied Ukraine, further amplifying the Kremlin’s message to President Trump that there was money to be made from a better relationship with Moscow.

Mr. Putin, in an interview with Russian state television that was released late Monday, said that Russia had an “order of magnitude” more rare earth metals than Ukraine and that Moscow was “ready to work with our foreign partners, including the Americans,” in developing those deposits.

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How one community in Chile is blessed and cursed with lithium – by John Bartlett (NPR.org – February 23, 2025)

https://www.npr.org/

ATACAMA DESERT, Chile — At the top of a craggy path in Socaire, a hilltop village deep in Chile’s Atacama Desert, a black flag whips in the wind above Jeanette Cruz’s house. The desert sun has bleached it to a dark gray blur, but the defiance it represents remains strong.

Above each house in the village, shimmering in the evening sun, these black flags represent the Indigenous Lickanantay people’s resistance to the lithium mining that many say is tearing their communities apart. The lithium in the brine beneath the brilliant white Atacama salt flat, which stretches out across the valley floor, has become a global resource.

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The 2024 Diamond Crisis: An Industry at Its Breaking Point – by Shimon Gerstensang (Rapaport Magazine – February 13, 2025)

New Home

Systemic flaws and the growing competition from synthetics are combining to bring down polished prices. What can the trade do to ensure its long-term survival?

The global diamond industry is experiencing its deepest crisis in history. The sharp decline in demand and polished-diamond prices, which began in late 2022 and intensified throughout 2023 and 2024, reflects a multidimensional dilemma: unprecedented competition from synthetic diamonds, deep structural weaknesses in the industry, and substantial losses throughout the supply chain, particularly among manufacturers who have failed to adapt their business models to the changing reality.

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Column: China’s grip on global nickel supply tightens with Anglo sale – by Andy Home (Reuters – February 24, 2025)

https://www.reuters.com/

Anglo American’s sale of its Brazilian nickel business to China’s MMG Ltd is a corporate win-win. Anglo gets to deliver on its promise to shareholders to simplify its portfolio and pockets up to $500 million.

MMG, which is already a major producer of copper, cobalt and zinc, gets to diversify into another metal and expand its geographic footprint into Brazil. It is also buying into the one part of the nickel market that is showing signs of price resilience amid a glut of over-supply.

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[ Andrew Forrest] A Mining Billionaire’s Case for Ditching Fossil Fuels – by Justin Worland (Time Magazine – February 25, 2025)

https://time.com/

It does not take long at lunch with Andrew Forrest for him to start seeming less like an Australian mining billionaire and more like a climate activist–meets–zealous prosecutor. His rugged features quickly appear not to reflect the arid expanse of Western Australia’s Pilbara region, home to the core operations of his $38 billion Fortescue iron-ore business.

Rather, they appear the result of a succession of high-stakes court battles. When we meet at a luxurious Paris brasserie, he speaks passionately about a client that he’s been representing for several years: the planet. His case? Corporate bosses must act now—and act fast—to tackle climate change, an argument he delivers with force and the unrivaled credibility that comes from decades in the carbon-spewing industry.

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US, Ukraine ramp up talks on minerals deal during envoy trip – by Daryna Krasnolutska and Alberto Nardelli (Bloomberg News – February 21, 2025)

https://www.bloomberg.com/

Ukrainian and US negotiators are seeking to move past the breakdown in transatlantic relations this week to finalize a deal on critical minerals, a person with knowledge of the talks said.

Two days after President Donald Trump hectored President Volodymyr Zelenskiy as a “dictator” who needed to move quickly on a peace deal, Ukrainian officials are discussing the minerals issue with US special envoy Keith Kellogg during a visit to Kyiv, the person said on condition of anonymity as talks take place behind closed doors.

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Lab-Grown Diamonds Offer a More Sustainable Jewelry Option in Miami – by Caroline Val (Miami New Times – February 21, 2025)

https://www.miaminewtimes.com/

The trend is growing among younger customers, who see synthetic stones as a cost-effective alternative to natural gems.

Marilyn Monroe once famously sang, “Diamonds are a girl’s best friend,” and that sentiment still appears to hold true — even if the diamonds aren’t real. Lab-grown diamonds, or synthetic diamonds grown in a lab setting, are becoming much more popular among young people in search of an environmentally and economically friendly alternative to organic gems.

Fifth Avenue-based jeweler Liori Diamonds, which has a store in Sunny Isles, sells both the natural and lab-grown variety. “They’re optically the same, and they are chemically exactly the same,” says Jesse de Leon, one of Liori Diamonds’ founders.

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Top leadership changes in New Caledonia’s nickel stakeholder – by Patrick Decloitre (Radio New Zealand – February 20, 2025)

https://www.rnz.co.nz/international/

French mining giant Eramet has announced major changes in its leadership. The company is a major stakeholder in New Caledonia’s nickel industry, being the owner of Société Le Nickel (SLN), the French territory’s oldest nickel mine and smelter operator.

Eramet’s current chair/chief executive Christel Bories will relinquish her CEO position, only to retain her role as chair. The changes are expected to become effective at Eramet’s shareholder’s general meeting, scheduled on 27 May, Eramet said in a release. The new director general/CEO will be Paulo Castellari.

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Column: A tungsten-tipped answer to the West’s critical metals dilemma – by Andy Home (Reuters – February 19, 2025)

https://www.reuters.com/

The critical minerals war is escalating. China’s response to US President Donald Trump’s 10% tariff hike on Chinese imports includes restricting exports of another five esoteric components of the periodic table.

Exports of bismuth, indium, molybdenum, tellurium and tungsten will only be allowed subject to Ministry of Commerce approval they will not be used in military applications. That’s a big problem for tungsten in particular. In a world where just about every metal is critical for someone, the word may be losing its meaning, as my colleague Clyde Russell has argued.

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Congo Is Bleeding. Where Is the Outrage? – by Denis Mukwege (New York Times – February 19, 2025)

https://www.nytimes.com/

The world is witnessing a new era of conflict. In Gaza, images of devastation have dominated headlines for more than a year. In Ukraine, nations have rallied to defend sovereignty against aggression, deploying diplomatic interventions, sending military aid and enacting sweeping sanctions with urgency. Yet the war unfolding in the Democratic Republic of Congo remains an afterthought. A bloody conflict is met with condemnations but no meaningful action. This stark contrast is not just neglect; it is selective justice.

Last month Goma, the largest city in the east of Congo, fell to the M23 rebel group, backed by neighboring Rwanda, as part of the group’s decade-long campaign to control the region’s mineral-rich territory. The assault on Goma resulted in nearly 3,000 deaths in the first week alone and thousands of injuries.

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The Story of Idar-Oberstein (Gemporia.com – September 12, 2019)

https://www.gemporia.com/en-gb/

Idar-Oberstein is a German town located in the west of the country just 45 miles from the border with Luxembourg, and 80 miles west of Frankfurt. As the crow flies, it is just under 450 miles away from our TV studios in the Midlands.

You might not have heard of it before, but it’s an incredibly important place for the gemstone cutting industry, and it has been held in high regard for hundreds of years. Here, we delve into the history and significance of the town and learn how a small area of Germany came to have such a significant impact on the gemstone world.

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How Sahel states ditched Western mining interests – by Antonio Cascais (DW.com – February 14, 2025)

https://www.dw.com/en/

Mali, Niger, and Burkina Faso no longer orient themselves towards France or Western business interests. As demand for raw materials grows, this pivot may have significant consequences for Europe’s mineral supply.

Despite their citizens being among Africa’s poorest, Mali, Niger,and Burkina Faso boast mineral riches beyond the dreams of most nations. All three Sahel countries have sizable gold deposits, and minerals increasingly important for renewable energy production.

Mali has gold, oil, and gas, and recently opened two lithium mines. Niger’s natural resources include uranium, tin, oil, phosphates, and gold. Burkina Faso is one of Africa’s largest gold producers, but also has copper, zinc, manganese, and phosphates.

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[Evalyn Walsh McLean/Hope Diamond] The Lady and the Diamond – by Gary Cohen (Vanity Fair – August 1997)

https://archive.vanityfair.com/

On Saturday, April 26, 1947, the temperature in Washington, D.C., crept toward 70 degrees, and the magnolias and azaleas were in bloom. Taking little pleasure in the gorgeous weather, however, were those in a somber parade of the city’s most prominent citizens, which included a senator, a newspaper publisher, and even a Supreme Court justice.

They were paying a last visit to their friend Evalyn Walsh McLean, for almost 50 years one of the most exuberant and eccentric figures of Washington society. A stunning figure even into old age, with her tiny waist and chic dresses from Paris couture houses, Evalyn had also been the city’s most extravagant hostess. Her parties had sometimes featured three orchestras and as many as 2,000 guests, among whom were the president, Cabinet members, and diplomats.

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In Ukraine, a potential arms-for-minerals deal inspires hope and skepticism – by Samya Kullab and Hanna Arhirova (Associated Press – February 16, 2025)

https://apnews.com/

KIROVOHRAD REGION, Ukraine (AP) — The mineral ilmenite is extracted from mounds of sand deep in the earth and refined using a method that summons the force of gravity, resulting in a substance that glimmers like a moonlit sky.

Ukraine boasts vast reserves of ilmenite — a key element used to produce titanium — in the heavy mineral sands that stretch for miles along the country’s embattled east. Much of it, as with all of Ukraine’s critical minerals industry, is underdeveloped because of war as well as onerous state policies.

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Column: Tariff threat opens up transatlantic rift in copper pricing – by Andy Home (Reuters – February 12, 2025)

https://www.reuters.com/

US President Donald Trump hasn’t yet imposed import tariffs on copper but the market is already pricing in the likelihood that the red metal will be next on the list after aluminum and steel.

The arbitrage between the CME and the London Metal Exchange (LME) contracts has blown wider in recent days, with the CME premium exceeding $1,000 per metric ton earlier this week. Given that LME three-month copper is currently trading around $9,400 per ton, the transatlantic gap implies the market is expecting a 10% tariff at the very least.

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