Bismuth prices in Europe have surged to all-time highs as China’s export controls squeeze supplies of the mineral used in atomic research, cosmetics and pharmaceuticals, according to traders and experts.
Prices of bismuth have jumped to $40 a lb on the European spot market, an all-time high, up from $6 per lb in late January, a more than six-fold rise. In the United States, bismuth prices are even higher – at $55 a lb compared with $6.5-$7 before China’s export curbs.
On the coast of Newfoundland, waste from a shuttered asbestos mine has been a troubling source of contamination for decades. Now, a company plans to process the waste to draw CO2 from the air — one of several projects worldwide that aim to turn this liability into an asset.
Just outside Baie Verte, a tiny town on Newfoundland’s rocky north coast, a 50-ton toxic liability lingers like a bad dream. In the mid-20th century, a local prospector discovered asbestos in the hills above the bay. The Advocate mine opened in 1963 and became one of Canada’s largest asbestos producers, providing mineral fiber for insulation and fire-resistant materials.
But as asbestos’s health risks — which include mesothelioma and other lung diseases — became clear, global demand for the mineral dropped, and in 1995 the mine closed. “There’s a stigma now to the town,” says Trina Barrett, who grew up in Baie Verte. As a child, her father worked in the mine, as did most of their neighbors. When the mine shuttered, those jobs disappeared.
The silver market faces mounting stress as trade-war concerns intensify, with higher rates to borrow metal adding to signs of global dislocation.
A surge in lease rates for the precious metal has become the latest sign of alarm, with anxiety building over the impact of further tariffs from US President Donald Trump. That’s sparked a dash to ship silver into the US in a bid to capture premium prices in New York, possibly causing a squeeze in London.
https://www.smithsonianmag.com/
Its legacy lives on today in the struggles faced by modern miners seeking workers’ rights
Police chief Sid Hatfield was a friend to the miners of Matewan, West Virginia. Rather than arresting them when they got drunk and rowdy, he’d walk them home. For his allegiance to the unionized miners of southwestern West Virginia, rather than the say, the nearby coal companies who employed them, Hatfield was gunned down on August 1, 1921, on the steps of the Welch, West Virginia, courthouse, alongside his friend Ed Chambers as their wives looked on in horror.
Their murder catalyzed a movement, the largest labor uprising in history, that remains resonant to this day. The Battle of Blair Mountain saw 10,000 West Virginia coal miners march in protest of perilous work conditions, squalid housing and low wages, among other grievances. They set out from the small hamlet of Marmet, with the goal of advancing upon Mingo County, a few days’ travels away to meet the coal companies on their own turf and demand redress.
The country fully imports several critical minerals used in green technologies including lithium, cobalt and nickel.
As the world rushes to secure minerals critical for rapidly-expanding clean energy technologies, India is joining the fray to try to meet its ambitious green energy goals.
India said in January the government and state mining companies would spend 343 billion Indian rupee ($3.94 billion) to boost local production, recycling and imports of critical minerals in a bid to secure enough for its energy transition, in an initiative coined the “National Critical Mineral Mission”.
In the 21st century, the most valuable assets aren’t oil wells, factories, data centers, or even AI large language models. The industries of the future require critical minerals. As the world seeks to generate massive amounts of energy, the real money isn’t in mining lithium, nickel, or rare earths—it’s in controlling how they move, process, and scale.
A new industrial empire is being built, and just like John D. Rockefeller’s pipelines in the 19th century, the infrastructure behind critical minerals will be an incredible wealth generator. While most companies race to secure mineral deposits—be they in Greenland, Ukraine, the Democratic Republic of Congo, or Uzbekistan—the smartest players see a different opportunity: controlling the entire supply chain.
The DRC appears to be angling for the US to deploy boots on the ground, in a bid to contain armed conflict.
The Democratic Republic of the Congo (DRC) is having “daily exchanges” with the United States government with the aim of securing a minerals-for-security deal, Congolese officials have told the media.
The move comes amid escalating violence in the East African country. The rebel M23 armed group has seized territory in areas rich in gold and coltan, an important mineral used in the manufacturing of electronic gadgets. At least 7,000 people have been killed since January, according to the DRC government. Thousands more have been displaced.
Botswana, the world’s largest diamond producer, is betting that selling big gems to rich young Americans will ease its economic woe and it is trying to catch their eye via Instagram and TikTok.
That gamble saw it dip a toe into the world of luxury advertising last week, wining and dining social media influencers at a Michelin star restaurant in New York’s Greenwich Village to pitch affluent 20- and 30-somethings on natural rocks over lab-grown rivals.
In recent weeks, you’ve likely heard a lot about rare-earth substances, thanks to President Trump’s stalled efforts to secure a minerals deal with Ukraine and his talk of annexing Greenland. These vital substances fuel the growing renewables and electric-vehicle industries. However, many experts warn that the shortage of another crucial metal, used in electronics, wiring and even plumbing could be just as concerning.
Copper may be even more crucial to the nation’s shift toward a greener, more efficient economy than rare elements like neodymium or praseodymium. While copper has been mined for thousands of years, the demand for it has surged in the past two decades, driving its price up nearly 75% since 2020.
Dr M’zée Fula Ngenge is Chairman of African Diamond Council.
Confronting its Limitations, Failures and the Broken Promise of a ‘Year of Delivery’
The Kimberley Process Certification Scheme (KPCS) is beset by a confluence of structural, operational, and ethical deficiencies that collectively undermine its legitimacy, efficacy, and relevance within the global diamond industry.
These challenges are not merely incidental, but are deeply entrenched in the Kimberley Process’ (KP) institutional framework, rendering it ill-equipped to address the evolving demands of ethical sourcing, transparency and accountability.
Election throws up surprise result as independence from Denmark remains tough to define.
Greenland had a message for Donald Trump as islanders went to the polls this week: thanks, but no thanks.
The U.S. president’s repeated noises about acquiring the vast Arctic island — not ruling out military force or economic coercion — were rejected at the ballot box, as a party that denounced Trump’s ambitions came out on top.
There are plans to mine the ‘Cornish alps’ reserves for use in EVs and the energy system, but not everyone is so bullish about their viability
“This area is affectionately known as the Cornish alps,” says Neil Elliot, pointing at a spike-shaped mound in the hills above St Austell. “The peaks round here are all man-made. They’re waste left over from the old china clay mines.”
The mines are mostly closed now, put out of business by competition from Brazil, but Elliot is part of a new rush for the riches in this landscape. If your kitchen has a granite work surface, you can probably see those riches for yourself. The tiny brown flecks in Cornwall’s granite contain a mineral for which the world has a sudden and ravenous appetite: lithium.
https://www.energypolicy.columbia.edu/
In an escalation of trade tensions, Donald Trump threatened to double tariffs on Canadian steel and aluminum to 50 percent this week. This increase would have been in response to Ontario’s 25 percent surcharge on electricity exports to the United States. The threat rattled markets and several major indices continued to decline after the announcement, increasing fears of a recession[1]. [MRR1]
While Trump has at least temporarily backed down from the plan to raise the tariff to 50%, the 25% aluminum and steel import tariffs are still a big blow to North American supply chain interdependency and resilience. The following Q&A discusses the impact of Trump’s tariffs on US-Canada minerals trade and its ripple effects on supply chains, prices, and policy.
https://www.bnamericas.com/en/
Brazil has huge potential to develop nickel projects and benefit from the energy transition, but it also must solve significant problems. National nickel reserves are estimated at 16Mt, putting Brazil in third place globally, after Indonesia (55Mt) and Australia (24Mt).
Output, however, is still modest, totaling 89,000t in 2023, for a global market share of 2.47%, which makes Brazil the ninth producer, according to US Geological Survey data. But Brazil is the only Latin American country which is a top 10 global nickel player.
Tokyo (AFP) – Rules on deep-sea mining in international waters must be driven by “sound science” and built on consensus, the head of the body charged with regulating the divisive practice said Thursday.
Deep-sea mining in international waters involves taking minerals like nickel, cobalt and copper — crucial for renewable energy technology — from the sea floor.
But researchers and environmentalists have long warned it risks destroying habitats and species that are little understood, and could upset delicate processes in the ocean that affect climate change.
