Cobalt Shortages to Persist Through 2030 as Congo Curbs Tighten Supply
Cobalt markets are bracing for prolonged shortages, with supply constraints driven by production curbs in the Democratic Republic of Congo expected to last through 2030. The region, which accounts for over 70% of global cobalt output, has implemented stricter export controls and mining regulations, intensifying pressure on a metal critical for electric vehicle batteries. These […]
Cuba’s Power Grid Collapses as Trump Threatens to ‘Take’ the Island
Cuba’s national electrical grid suffered a complete collapse Monday, plunging all 11 million residents into darkness, as President Donald Trump declared he expects to have the “honor of taking Cuba” in some form. “Whether I free it, take it — I think I can do anything I want with it,” Trump told reporters in the […]
Sangdong Tungsten Mine Restarts After 30 Years, Bolstering Global Supply Amid 557% Price Surge
Almonty Industries has brought the Sangdong tungsten mine in South Korea back to life after a 30-year hiatus, a move that promises to reshape global supply dynamics for the critical metal. The company announced the completion of Phase 1 commissioning on March 16, with the mine now producing and poised to address a market where […]
Samsung Adds Second Texas Chip Hub for AI and Auto Demand
Samsung is moving toward a second chip factory at its Taylor, Texas semiconductor cluster, extending a US manufacturing project that has already grown from a $17 billion announcement into a $37 billion investment. Recent Taylor City Council documents show the city unanimously approved an amendment extending HDR Engineering’s contract for development permit review and code […]
Antimony Resources Ramps Up Drilling As It Hires SRK For Maiden Resource Estimate
Antimony Resources (CSE: ATMY) is moving from early stage exploration toward quantification at its Bald Hill project in New Brunswick. The company announced Tuesday that it has engaged Toronto-based SRK Consultants to spearhead its first-ever maiden mineral resource estimate, a pivotal step for the junior miner as it looks to establish itself as a primary North American supplier of the critical metal.
Carney Government in Talks with Saskatchewan to Fast-Track Uranium Mining and Nuclear Energy Projects
Prime Minister Mark Carney’s administration is negotiating a landmark energy deal with Saskatchewan to accelerate uranium mining approvals and advance small modular nuclear reactor development, aiming to bolster Western Canada’s role in the national energy landscape. The discussions, involving Saskatchewan Premier Scott Moe, focus on slashing regulatory timelines for uranium projects, which currently stretch up […]
Troilus Secures Second Major Offtake Partner for Quebec Copper Project
Troilus Mining (TSX: TLG) has reached a significant commercial milestone for its namesake copper-gold project in north-central Quebec, signing a memorandum of understanding with Boliden Commercial AB for a long-term concentrate offtake agreement. The agreement establishes the framework for Boliden to purchase a portion of the copper-gold concentrate produced at the site. For Boliden, a […]
Trump Accidentally Promotes Newsom to President
President Donald Trump spent Monday in the Oval Office arguing that California Governor Gavin Newsom’s dyslexia disqualifies him from ever becoming president — and then, mid-rant, accidentally made him one. “President of the United States Gavin Newscum,” Trump said, using his preferred nickname for the governor while apparently losing track of the argument he was […]
Orion Secures $2.2 Billion for Mining Fund as Critical Minerals Race Intensifies
Orion Resource Partners has raised $2.2 billion for its latest mining fund, marking one of the largest pools of capital dedicated to critical minerals amid escalating global demand for battery metals and energy transition materials. The fund, Orion Mine Finance IV, closed with commitments from institutional investors across North America, Europe, and Asia, reflecting robust […]
Glencore Taps Chinese Exchanges for Cobalt to Meet Supply Commitments
Glencore has turned to Chinese exchanges to source cobalt, aiming to fulfill critical supply commitments amid tightening global markets. Sources familiar with the matter reveal the mining giant is leveraging stockpiles on platforms like the Shanghai Futures Exchange to bridge gaps in its delivery obligations. The move comes as cobalt, a key component in electric […]