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Mining industry warns critical minerals stockpiles useless without processing plants – by Darius Snieckus (National Observer – February 13, 2025)

https://www.nationalobserver.com/

Government-backed strategic reserves of lithium, nickel, copper and other minerals and metals seen as key to Canada’s national security and its energy transition would be a non-starter without a cross-country network of processing facilities, mining sector executives said Tuesday.

Calls for an emergency stockpile of 34 critical minerals in Canada have grown in recent weeks as a way to reduce investment risk for mine developers and leverage against U.S. President Donald Trump’s threat to annex the country for its wealth of natural resources.

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Uranium ban repeal in Greenland could revive massive rare earth project, licence holder says – by Jacob Gronholt-Pedersen (Reuters – February 11, 2025)

https://www.reuters.com/

NUUK, Greenland – The mining company that owns the licence to Greenland’s Kvanefjeld deposit is hopeful that a new government will repeal a ban on uranium mining after next month’s election, potentially rejuvenating one of the world’s largest rare earth projects.

U.S President Donald Trump last month voiced renewed interest in acquiring the strategically important Arctic island. In response to Trump’s comments, CEO Daniel Mamadou of Kvanefjeld licence holder Energy Transition Minerals said: “I think it certainly puts everything related to minerals back on the map.”

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Barrick CEO says he has ‘no doubt’ gold miner will resolve conflict in Mali – by Jordan Fleguel (Bloomberg News – February 12, 2025)

https://www.bnnbloomberg.ca/

The head of Barrick Gold Corp. says he’s confident that a resolution will be reached between his company and the Malian government, currently embroiled in a dispute over revenue distribution from one of the largest gold mines in Africa.

In an interview with BNN Bloomberg on Wednesday, Barrick’s CEO Mark Bristow said despite recent reports that talks between the company and Malian authorities had broken down, both sides continue to communicate with the aim of reaching an agreement.

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Almost half of my generation wants Canada to join the U.S. Here’s why – by Élie Cantin-Nantel (The Hub – February 13, 2025)

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In recent weeks, U.S. President Donald Trump has repeatedly called for Canada to become America’s 51st state. The proposition, understandably controversial and borderline farcical, has been overwhelmingly rejected by the vast majority of Canadians—with one exception: younger Canadians. That includes Gen Z Canadians and younger Millennials.

A recent Ipsos poll found that 43 percent of Canadians aged 18 to 34 would vote to become American if they were guaranteed U.S. citizenship and that their assets would be converted to USD. Just 33 percent of those aged 34 to 54 and 17 percent of those 55 and older said the same.

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In Saguenay, Canada’s aluminum valley, anxiety over planned U.S. tariffs is palpable – by Frédérik-Xavier D. Plante (Globe and Mail – February 12, 2025)

https://www.theglobeandmail.com/

Jean-Marc Crevier, a municipal councillor in Saguenay, Que., can feel his constituents’ anxiety. Mr. Crevier’s district encompasses Rio Tinto’s sprawling, century-old Arvida aluminum smelter. It is one of four such facilities – in addition to one refinery – in the Saguenay–Lac-Saint-Jean region, which produces a third of all Canadian aluminum thanks to abundant, cheap hydroelectric power.

In Saguenay, U.S. President Donald Trump’s plan to impose 25-per-cent tariffs on all steel and aluminum imports, starting on March 12, is the talk of the town. “When I go to the grocery store, I take almost twice the time just talking with my people,” Mr. Crevier said in an interview. “Everyone talks about it.”

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Trump slaps 25% tariffs on steel and aluminum imports ‘without exceptions’ – by Darren Major and Catharine Tunney (CBC News Politics – February 10, 2025)

https://www.cbc.ca/news/politics/

President said ‘I don’t mind,’ when asked about countries retaliating

U.S. President Donald Trump followed through on recent threats Monday evening and signed orders imposing 25 per cent tariffs on all steel and aluminum imports — including from Canada.

The tariffs are scheduled to take effect March 12. This guarantees a frantic few weeks as Canada and other countries scramble to be exempted from a series of trade penalties threatened by Trump — including the economy-wide tariffs he has paused but is still threatening to reimpose across North America.

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Trump promises 25% tariffs on steel and aluminum imports — including from Canada – by Benjamin Lopez Steven (CBC News Politics – February 09, 2025)

https://www.cbc.ca/news/politics/

Ontario, Quebec premiers criticize U.S. president for creating economic uncertainty

U.S. President Donald Trump said he will announce on Monday that the United States will impose 25 per cent tariffs on all steel and aluminum imports, including from Canada and Mexico — a move that prompted sharp criticism from some provincial premiers.

“Any steel coming into the United States is going to have a 25 per cent tariff,” he told reporters Sunday on Air Force One as he flew from Florida to New Orleans to attend the Super Bowl. When asked about aluminum, he responded, “aluminum, too” will be subject to the trade penalties.

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Copper price to remain elevated due to increasing demand for electricity and supply challenges – by Richard (Rick) Mills (Kitco News Opinion – February 10, 2025)

https://www.kitco.com/

“As we look towards 2050, we foresee global copper demand increasing by 70% to reach 50 million tonnes annually. This will be driven by copper’s role in both current and emerging technologies, as well as the world’s decarbonization goals,” says BHP’s chief commercial officer Rag Udd.

The largest mining company in the world expects that by 2050 the energy transition sector will represent 23% of copper demand compared to the current 7%. The digital sector including data centers, 5G and AI is projected to rise from 1% today to 6%. Transportation’s share of copper demand is expected to climb from about 11% in 2021 to 20% by 2040, thanks to the EV rollout.

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Trump Orders Treasury Secretary to Stop Minting Pennies – by Yan Zhuang and Erica L. Green (New York Times – February 10, 2025)

https://www.nytimes.com/

Can he do that? It’s not clear. But President Trump is right when he says that pennies “literally cost us more than 2 cents.”

Since taking office, President Trump has set his sights on big targets, like Greenland. But he has also taken aim at small ones, like paper straws. And pennies. On Sunday night, Mr. Trump said he had ordered the Treasury secretary, Scott Bessent, to stop producing new pennies, a move that he said would help reduce unnecessary government spending.

“Let’s rip the waste out of our great nations budget, even if it’s a penny at a time,” he said in a post on Truth Social, adding that pennies “literally cost us more than 2 cents.” It is unclear whether Mr. Trump has the power to do this. It is Congress, not the Treasury or the Federal Reserve, that authorizes the manufacture of the nation’s coins, according to the U.S. Mint.

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B.C.-made critical mineral could be used as a ‘reactive weapon’ in trade war – by Stefan Labbé (Business In Vancouver – February 7, 2025)

https://www.biv.com/

Most Canadians oppose U.S. companies taking greater control over the country’s natural resource projects — a level of defiance found to be strongest in British Columbia, according to a new poll.

Holding back a critical mineral processed in B.C. and critical to high-tech industries could be used as an “reactive weapon” in a trade war with the United States.

That’s according to John Steen, director of the University of British Columbia’s Bradshaw Research Initiative in Minerals and Mining, who pointed to the province’s production of germanium. The critical mineral is increasingly used in electronics and solar technology, fibre optics, and infrared optics used regularly by militaries to see at night.

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Power shortage poses problem for the mining sector says lobby group – by Clint Fleury (TBnews Watch – February 8, 2025)

https://www.tbnewswatch.com/

The Northwest Energy Task Force says the Ontario government needs to start planning for additional power generation to meet the mining boom in the Northwest.

THUNDER BAY — Northwestern Ontario would need 250 megawatts of additional energy to meet the demand for the 41 potential mines that are expected to start by 2033, according to the Northwest Energy Task Force. Iain Angus, co-chair of the lobby group, said Northwestern Ontario could risk losing investments from some of those mining companies if we are “not prepared to provide the power.”

Ontario needs to start building additional transmission lines now, said Angus. The Northwest Energy Task Force is calling on all provincial candidates in the northwest to seriously consider adding the region’s energy needs to their platforms.

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‘Unclear’ US Diamond Rules Signal Move to Traceability – by Joshua Freedman (Rapaport Magazine – February 4, 2025)

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New requirements to state “country of mining” leave a lot of unanswered questions.

The diamond industry was in mild shock when news came through of the latest US import requirements. Customs and Border Protection (CBP) said it would be obliging companies to state the “country of mining” when importing diamonds from April 2025. This puts a burden on the trade to step up its traceability efforts.

The new rules emerged quietly in stages. On October 22, 2024, CBP gave 60 days’ notice about the plan and requested comments by December 23. Few in the industry even saw this. Then the federal agency published a Trade User Information Notice, labeled “Last updated: January 14, 2025.” It distributed this in a bulletin on January 23. Shipping company Malca-Amit sent a letter to customers about the update around a week ago. It seems that it was this letter that got the trade’s attention.

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Nickel Industries CEO Justin Werner warns of ‘challenging’ future for Australian mining – by Duncan Evans (News.com.au – February 9, 2025)

https://www.news.com.au/

The man behind a booming mining company in Indonesia has issued a stark warning about 10,000 Aussie jobs.

The shock collapse of Australia’s nickel mining sector has threatened 10,000 high-paying jobs as a leading ASX-listed nickel miner warns bluntly those jobs are probably never coming back. That’s the view of Nickel Industries managing director Justin Werner, who leads the rising $3.3bn company with vast mining and refining operations in Indonesia.

“It is certainly challenging (for Australia) in the foreseeable future,” he told NewsWire from his home in Bali in a wide-ranging interview this week. “Even if the nickel price goes up, it’s about having a sustained nickel price above $20,000 (per tonne).

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Ukraine reels in Trump with mineral riches – by Zoya Sheftalovich, Veronika Melkozerova and Jamie Dettmer (Politico Europe – February 4, 2025)

https://www.politico.eu/

The U.S. president’s relentless pursuit of raw materials is storing up trouble for Greenland, but could well be good news for Ukraine.

After years of arguing its democracy is worth fighting for, Ukraine quickly calculated Donald Trump was likelier to think the country is worth saving because of its abundant mineral wealth.

To win over a United States president who wants to claim Greenland for its vast reserves of raw materials and strategic position in the Arctic, Kyiv has for months been stressing that its rich deposits of everything from titanium to graphite could help Trump beat China in the global race for resources.

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Australia close to breaking China’s critical mineral stranglehold – by Simon Johanson (Sydney Morning Post – February 9, 2025)

https://www.smh.com.au/

Australian firms are edging closer to breaking China’s production stranglehold on the rare minerals used in the world’s critical defence systems, electric vehicles and clean energy transition.

Companies like Iluka Resources, Lynas Rare Earths, and several lithium miners are already refining, or close to producing, the minerals needed for the batteries, electric circuitry and high-strength magnets that underpin the globe’s green energy transition.

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