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...India’s state-owned Khanij Bidesh India Ltd (Kabil), which was established in 2019 to secure critical minerals, signed an agreement with Catamarca Minera y Energetica Sociedad del Estado (Camyen), which...
...The sale of the mine also comes amid heightening geopolitical tensions between China and the US, which is stepping up its efforts to secure strategic minerals such as copper, cobalt and graphite....
...It also dominates supply chains for lithium processing and mining of other critical minerals....
...of the world’s rare-earth mining and close to 90 per cent of processing and refining, according to the International Energy Agency....
...South Africa’s minerals resources minister Gwede Mantashe told the Financial Times that he opposed the bid because his country’s experience with BHP was “not positive”, though he said this was not an official...
...The metal is heavily used in renewable energy projects and electric vehicles....
...Rio Tinto, which still owns titanium dioxide miner Richards Bay Minerals in the eastern KwaZulu-Natal region, has also tried to reduce its exposure to risky jurisdictions such as South Africa....
...Under Mike Henry, the company veteran who was appointed chief executive four years ago, BHP has refocused its business on what it calls “future-facing” minerals, including copper and potash, while disposing...
...South Africa’s minerals resources minister Gwede Mantashe has voiced his opposition, saying that BHP “never did much” for the country. Another possible hurdle is antitrust scrutiny....
...The private sector now generates 10.4 gigawatts of electricity, close to half of Eskom’s functioning capacity, the Minerals Council estimates....
...First Quantum Minerals took a majority stake in the project in 2013, and the mine now accounts for about half of its annual production....
...In addition, Shanghai Jayson New Energy Materials, a supplier to lithium battery makers in China, has put A$3mn into the company....
...Sovereign wealth has also emerged as a source of capital to help the sector boost the supply of minerals needed for the energy transition and push up valuations, most notably Saudi Arabia’s establishment...
...HOLD: Rio Tinto (RIO) Over-supply in copper and industrial minerals markets has weighed on prices, writes Mark Robinson. Talk about good timing....
...Indonesia’s ministry for energy and mineral resources did not respond to a request for comment....
...Azure Minerals and SQM declined to comment. This story has been amended since publication. Hancock Prospecting has acquired 18 per cent of Azure Minerals, not 19 per cent....
...China last year overtook Japan as the world’s largest exporter of cars, and BYD is among a clutch of Chinese EV and battery makers trying to build factories and secure access to mineral deposits closer to...
...Demand for critical minerals is expected to grow by three and a half times by 2030, which would keep the world on track to reach net zero targets, according to the International Energy Agency....
...The open pit mine, owned by Canada’s First Quantum Minerals, is one of the world’s largest sources of copper and has faced multiple legal challenges....
...Agincourt and the Indonesian ministries of environment and forestry and energy and mineral resources did not respond to requests for comment....
...It’s one of the few mineral resources that have increased in price dramatically.”...
...Global Witness said demand for minerals for renewable energy technology meant that parts of south-east Asia, such as northern Myanmar and neighbouring China, were now the sites of illegal mining, fuelling...
...Both Albemarle and Chile’s SQM are already investors in some of Western Australia’s largest lithium projects and have partnered with local players including IGO, Wesfarmers and Mineral Resources to develop...
...On Monday, US lithium miner Albemarle abandoned its A$6.6bn ($4.2bn) deal to buy Liontown, a miner of the lithium-rich mineral spodumene....
...Before we were talking about the military, telecommunications, now we’re talking about critical minerals, energy,” she said....
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