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International Media Resource Articles

Nickel, paradise and ‘emancipation’ – by Cooper Williams and Yasmine Wright Gittins (Australian Broadcasting Corporation – April 10, 2025)

https://www.abc.net.au/

A bet on nickel gave many New Caledonians hopes of prosperity and independence. But when the economy turned, it left behind a ghost town full of broken hearts.

It was a symbol of economic freedom — offering a chance at prosperity for communities who shared little in New Caledonia’s wealth. Standing tall by the turquoise waters of the French territory’s lagoons, the Koniambo nickel factory once hummed with activity, feeding the world’s insatiable demand for the lucrative metal.

Now, silence blankets its heavy machinery. The site sits abandoned, its overseas workforce long gone, and its local staff — mostly Indigenous Kanak people — out of jobs.

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Just How Badly Does Donald Trump Want Access to Critical Minerals? – by Nicolas Niarchos (New Yorker – April 15, 2025)

https://www.newyorker.com/

The Democratic Republic of the Congo has some of the largest deposits on Earth. Its President wants to sell them—and win a war.

On a recent episode of Fox News’ “Special Report,” the host, Bret Baier, turned his attention to the Democratic Republic of the Congo, a country that doesn’t frequently make headlines in the United States. Using a map of the country, which is two-thirds the size of Western Europe, to educate his viewers, Baier began by outlining the regional conflicts in which the D.R.C. has been engaged, dating back to the refugee crises triggered by the Rwandan genocide of 1994.

He added that “Congo is considered the world’s richest country in terms of natural resources,” containing untapped supplies worth “an estimated twenty-four trillion dollars, with a ‘T.’ ” Those resources include gold, diamonds, and so-called critical metals, such as cobalt and lithium, which are used in rechargeable batteries.

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US stocks, dollar tumble as reality sets back in on Wall Street – by David Goldman and John Towfighi (CNN.com – April 10, 2025)

https://www.cnn.com/

New York – CNN — The US stock market, fresh off its third-best day in modern history, is sinking back into reality: Although President Donald Trump paused most of his “reciprocal” tariffs, his other massive import taxes have already inflicted significant damage, and the economy won’t easily recover from the fallout.

Stocks tumbled Thursday, falling deeply into the red after the White House clarified that its tariff on all Chinese goods was at least 145% — even higher than previously believed. The Dow, after rising nearly 3,000 points Wednesday, had a volatile day in the red on Thursday. The blue-chip index fell 1,000 points, or 2.5%, Thursday afternoon, pulling back from tumbling as much as 2,100 points earlier.

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Gold rush unleashed: The global struggle for control over Central Asia’s mineral wealth – by Zeynep Gizem Özpınar (Daily Sabah – April 10, 2025)

https://www.dailysabah.com/

Central Asia’s mineral wealth sparks global rivalry, shaping the region’s economic and geopolitical future

Central Asia is becoming increasingly critical on the world stage in terms of rare earth elements and strategic minerals. These resources have become indispensable in many sectors, from modern technology to the defence industry, from renewable energy to advanced manufacturing processes.

Since rare earth elements have a wide range of uses, from semiconductors to batteries, from military equipment to wind turbines, countries with these minerals are strategically important. While the competition of global powers in this field is increasing, the riches of Central Asia turn the region into not only an economic centre of attraction but also a geopolitical battleground.

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Smith introduces bill to ban copper-nickel mining near Boundary Waters – by Jimmy Lovrien (Duluth News Tribune – April 9, 2025)

https://www.duluthnewstribune.com/

The legislation would make permanent a 20-year ban on that type of mining on 225,000 acres of Superior National Forest in the Rainy River Watershed, a Biden-era move Trump has vowed to reverse.

WASHINGTON, D.C. — U.S. Sen. Tina Smith, D-Minn., has introduced a bill to ban copper-nickel mining on nearly a quarter-million acres of federal land in the same watershed as the Boundary Waters Canoe Area Wilderness.

The bill would make permanent a 20-year ban on that type of mining on 225,000 acres of Superior National Forest land in the Rainy River Watershed, which is shared with the BWCAW. The status of mining in that watershed and Twin Metals, which wants to build an underground mine, tailings storage facility and processing plant upstream of the BWCAW along Birch Lake, has bounced back and forth depending on who is in the White House.

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In Potential Russia Sanctions Removal, Diamonds Illustrate the Complexities – by Brad Brooks-Rubin (Just Security – April 10, 2025)

https://www.justsecurity.org/

Amid intense uncertainty and speculation about the future of sanctions related to Russia’s full-scale invasion of Ukraine in 2022, companies across all sectors are beginning to imagine what a future of sanctions relief may mean for them.

One of those sectors is that of mining and sales of natural diamonds, which is navigating a number of major challenges, only some of which are directly or indirectly connected to business involving Russia. In any case, what happens in the diamond industry related to Russia could be particularly instructive for other sectors because of its exposure to Western consumers, the physical capability of tracing the product along the supply chain from beginning to end, and its experience with mechanisms intended to improve and promote standards for responsible business.

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Column: China primes rare earths weapon as trade war escalates – by Andy Home (Reuters – April 10, 2025)

https://www.reuters.com/

As U.S. President Donald Trump turns up the tariff heat on China, Beijing is targeting ever more of the United States’ critical material supply chains.

Weird and wonderful metals such as antimony, gallium and germanium have already been sucked into the escalating trade war with China restricting exports and banning sales to the United States. Beijing has just raised the mineral threat another level by adding seven rare earths to its dual-use list of restricted exports.

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Trump order seeks to tap coal power in quest to dominate AI – by Ari Natter and Jennifer A. Dlouhy (Bloomberg News – April 8, 2025)

https://www.bloomberg.com/

President Donald Trump is moving to expand the mining and use of coal inside the US, a bid to power the boom in energy-hungry data centers while seeking to revive a declining US fossil fuel industry. In an executive order Trump is set to sign Tuesday afternoon, the president will direct a number of steps by the federal government meant to reinvigorate coal said a senior White House official.

The actions including emphasizing the US is back in the business of selling coal mining rights on federal land and ordering the rock be designated as a critical mineral. Other steps include accelerating the export of US coal and related technologies.

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Is Indonesia’s ‘Nickel Nationalism’ A Smart Strategy? – Analysis – by Dr. Sameer Kumar (Eurasia Review – April 4, 2025)

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Indonesia sits atop the world’s biggest nickel reserves – a metal essential for electric vehicle (EV) batteries and the renewable energy transition. In recent years, Jakarta has boldly wielded its resource might by banning exports of raw nickel ore to force global companies to invest in domestic processing.

This “nickel nationalism” has catapulted Indonesia into becoming a major player in the EV supply chain, attracting billions in foreign investment and fostering local industry. President Joko Widodo touts it as a smart strategy to move Indonesia up the value chain.

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As Chile revs up lithium plans, Indigenous groups demand more control – by Daina Beth Solomon (Reuters – April 7, 2025)

https://www.reuters.com/

Chile’s Indigenous communities in the lithium-rich Atacama Desert are in talks with two of the nation’s biggest miners to gain more influence over plans to increase extraction of the battery metal, according to the companies and community sources.

The negotiations with Chile’s State-run Codelco, the world’s biggest copper producer, and Chilean lithium producer SQM, come as the companies are close to finalizing a partnership that will mark the state’s entry into production of the metal that is crucial for electric vehicle batteries.

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China deploys rare earths as weapon in trade war with Trump (Bloomberg News – April 7, 2025)

https://www.bloomberg.com/

China has expanded its use of critical minerals as a trade weapon with curbs on exports of rare earths, threatening to shake-up the global supply of key materials used widely in high-tech manufacturing from electric vehicles to weaponry.

As part of its retaliation to President Donald Trump’s so-called reciprocal tariffs on imported Chinese goods, Beijing said Friday it will tighten controls on exports of seven types of rare earths. The country is by far the world’s biggest supplier of the minerals, which comprise 17 elements in the periodic table.

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Dow plunges by more than 1,600 points after China retaliates against Trump’s tariffs – by David Goldman and John Towfighi (CNN.com – April 4, 2025)

https://www.cnn.com/

New York – CNN – US stocks were battered by a sell-off Friday after China retaliated against the United States for President Donald Trump’s tariffs in a tit-for-tat that escalates a global trade war. The Dow fell more than 1,600 points, or 4%, and the broader S&P 500 was 4.7% lower. The tech-heavy Nasdaq Composite was 5.3% lower.

Investors had been fearful that a dramatic escalation of the trade war could plunge the US and global economies into a recession. JPMorgan analysts said Thursday that America’s economy and the broader world economy both had a 60% chance of sinking into a recession this year. The analysts also said odds of a recession would rise if countries began to retaliate against the United States — and China did so Friday. Retaliation raises the risk of further escalation and could diminish hopes for negotiation.

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OPINION: Nigeria’s Illegal Gold Trade – Elites And Bandits Are Working Together – by Dr Oluwole Ojewale (The Nigerian Voice – April 3, 2025)

https://www.thenigerianvoice.com/

Illegal mining activities in Nigeria are devastating the country’s economy, as well as fuelling violence. Strategic minerals mined in the country’s north-west region include granite, gypsum, kaolin, laterite, limestone, phosphate, potash, silica sand and gold.

The Nigeria Extractive Industries Transparency Initiative has estimated that the legal mining sector contributed N814.59 billion (US$527 million) in 15 years. Earnings were highest in 2021.

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Diamond and Jewelry Trade Braces for Impact of US Tariffs – by Joshua Freedman (Rapaport Magazine – April 3, 2025)

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The US has placed tariffs of 10% on imports from all countries and higher duties on India, prompting concern and uncertainty in the diamond and jewelry industry. US President Donald Trump announced the move on Wednesday, saying the reciprocal tariffs would protect American workers and strengthen the nation’s economy.

The 10% levy will be the baseline for all countries and will go into effect on April 5, the White House explained in a fact sheet. There will be higher reciprocal tariffs on specific countries with which the US has the largest trade deficits, the document continued. These will take effect on April 9.

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The US is negotiating a minerals deal with conflict-hit Congo, a Trump official says – by JEAN-YVES KAMALE and MARK BANCHEREAU (Associated Press – April 3, 2025)

https://apnews.com/

KINSHASA, Congo (AP) — A Trump administration official said Thursday the United States is in talks with conflict-plagued Congo on developing its mineral resources under a deal the Congolese president has said could help make his country safer.

U.S. President Donald Trump’s senior adviser for Africa, Massad Boulos, did not provide details of the potential deal following talks with Congo’s President Felix Tshisekedi in Kinshasa, but he said it could involve “multibillion-dollar investments.”

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