Category Archives: World Economy

#Canada #Nickel posts country’s top metal district

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A close-up view of rocky terrain with the word 'NICKEL' prominently featured, incorporating a maple leaf design and a Canadian flag in the corner.

Two new initial resources for Canada Nickel’s (TSX-V: CNC; US-OTC: CNIKF) sulphide deposits in northern Ontario now make its Timmins Nickel District the largest undeveloped nickel base in the country and among the largest globally by contained metal.

The Bannockburn deposit hosts 63 million indicated tonnes grading 0.28% nickel for 180,000 tonnes of contained metal, and 129 million inferred tonnes at 0.27% nickel for 340,000 contained tonnes, the company reported Thursday.

Midlothian holds 595 million inferred tonnes grading 0.28% nickel for 1.68 million tonnes of nickel.

Those resources bump the total contained nickel across the company’s eight projects by about 12% to 20.9 million tonnes.

Globally, the Timmins District tops The Metals Company’s (Nasdaq: TMC) resource for its seabed Clarion-Clipperton Zone project that hosts an estimated 15.5 million contained tonnes of nickel and other critical metals.

Read more at: https://www.northernminer.com/news/canada-nickel-posts-countrys-top-metal-district/1003885825/

#US-#Tanzania push aids Lifezone’s #Kabanga #Nickel build

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An underground mining scene showcasing a nickel deposit, featuring mining trucks, machinery, and flags representing the U.S. and a country with a green, yellow, and red design.

Kabanga is an underground nickel sulphide deposit – higher grade and less energy-intensive to process than Indonesia’s surface laterites, which typically require high-pressure acid leach processing methods. That ore-type difference underpins Kabanga’s cost profile.

Kabanga hosts proven and probable reserves of 52.2 million tonnes grading about 2% nickel, 0.27% copper and 0.15% cobalt.

Read more at: https://www.northernminer.com/news/us-tanzania-push-sharpens-focus-on-lifezones-kabanga-nickel-build/1003885677/

Why #China will still dominate #RareEarths for a long time?

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Rare Earths Aren’t Rare for Everyone.

The four decades that China spent building dominance in the small world of critical minerals is proving frustratingly hard to overcome.

Energy independence was for decades a fantasy in the US, until the advent of a new kind of oil production technology in the early aughts changed the rules of the game. Thanks to fracking and horizontal drilling, the US overtook petroleum heavyweights such as Russia and Saudi Arabia to become the world’s top oil producer, no longer at the mercy of mercurial trading partners.

Today, President Donald Trump’s White House is chasing a similar dream—this time with rare earth elements, the hard-to-pronounce metals that underpin much of modern technology. But unlike with shale oil and gas, it’s extremely unlikely the US is going to be able to innovate its way out of this profound deficit anytime soon.

Read more at: https://www.bloomberg.com/news/articles/2025-12-10/why-china-will-still-dominate-rare-earths-for-a-long-time?srnd=homepage-europe

#US minerals projects seek ‘industrial vision’ from #Washington to compete with #China

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A serious-looking man in a black jacket holding a mineral sample, with a backdrop featuring the maps of the U.S. and China, representing the competition in the minerals sector.

Washington must move even faster to bolster critical minerals projects and offset Beijing’s grip on the world’s supply of the building blocks for electronics, weapons and a range of other goods, three U.S. mining and refining executives said on Thursday.

The push underscores how Washington’s surging support this year for the sector – including taking stakes in mining companies and guaranteeing a price floor for the only U.S. rare earths mine – is falling short of what industry leaders say is needed amid intense Chinese competition.

Executives from Perpetua Resources, American Rare Earths and Westwin Elements told the Reuters NEXT conference in New York that the U.S. government should release a comprehensive minerals plan, pressure Indonesia to trim nickel production, and speed up the time for the U.S. Export-Import Bank and other agencies to approve loan funding, among other steps.

Read more at: https://www.reuters.com/business/autos-transportation/us-minerals-projects-seek-more-support-washington-compete-with-china-2025-12-04/

#India’s push for self-reliance in #RareEarth Magnet making is laudable

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A collection of various rare earth magnets in different shapes and colors, displayed prominently in an industrial setting, with flags of India in the background.

Presently, there are a few small Indian companies engaged in manufacturing rare earth magnets. The industry needs a big push to feed the new generation of industries – from electric vehicles to fighter aircraft engines, wind turbines, and laptops to mention a few. Lately, it has come into a big focus as the world is moving towards electric vehicles. Rare earth magnet is a crucial component of electric vehicles (EVs). Fortunately, India has large rare earth deposits. Globally, it ranks third after China and Brazil.

The demand for rare earth magnets in India is expected to increase sharply in the coming years, driven by the expansion of EV manufacturing, increasing electronics output, defence production, industrial automation and renewable energy generation. For the present, the country uses rare earth magnets to the extent of 4,000 tonnes per year, mostly through imports. Among the companies currently manufacturing rare earth magnets in India are: IREL (India) Limited, Permanent Magnets Limited, Ashvini Magnets Private Limited, Star Trace, Eriez Magnets, Kumar Magnet, Sonal Magnetics, A to Z Magnet Mfg. Co. and Pragati Enterprises. The demand for rare earth magnets is projected to double by 2030. Lately, China has imposed restrictions on exports. Earlier this year, China slapped export licenses for seven types of rare earth elements and derivative products.

Posted on October 19, 2016

‘#India not realising potential of #RareEarth industry’

Read more at: https://thenorthlines.com/indias-push-for-self-reliance-in-rare-earth-magnet-making-is-laudable/

#Indian Govt clears Rs 7,280 crore scheme to boost #RareEarth magnet manufacturing

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A manufacturing facility in India with workers, machines, and an Indian flag displayed prominently.

An official government release stated, “This first-of-its-kind initiative aims to establish 6,000 Metric Tons per Annum (MTPA) of integrated Rare Earth PM IndiaPermanent Magnet (REPM) manufacturing in India, thereby enhancing self-reliance and positioning India as a key player in the global REPM market.”

The government plans to allocate the proposed capacity to up to five beneficiaries through a global competitive bidding process, with each eligible for a maximum of 1,200 MTPA. The scheme will run for seven years, including a two-year gestation period to establish fully integrated REPM manufacturing facilities and five years of incentives linked to actual sales.

October 19, 2016 

‘#India not realising potential of #RareEarth industry’

Read more at: https://www.financialexpress.com/policy/economy-govt-clears-rs-7280-crore-scheme-to-boost-rare-earth-magnet-manufacturing-4056521/

Energy Department (#DOE) Issues EOI for Volumetric Contaminated #Nickel Technology

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A close-up view of silver ingots arranged in a line within an industrial facility featuring machinery, with an American flag visible in the background.

The U.S. Department of Energy’s (DOE) Portsmouth Paducah Project Office has issued an Expression of Interest (EOI) seeking input from industry on operationally mature technologies capable of supporting the potential reuse of approximately 9,700 tons of volumetrically contaminated nickel stored at the Paducah Gaseous Diffusion Plant in Paducah, Kentucky. 

DOE will use the information gathered from this EOI to evaluate whether it is in the Department’s best interest to have industry selectively extract the nickel from the ingots to produce a high-purity nickel product suitable for release into commerce in accordance with DOE’s criteria for unrestricted release of materials. (DOE Order 458.1). 

Responses gathered as part of this EOI may also be used in the future to develop an acquisition strategy for commercial-scale processing of a nickel extraction technology. This effort could support broader national energy priorities, including grid-scale batteries, the nuclear power industry, and artificial intelligence initiatives, contingent upon: 

  • Successful technical validation of the proposed process (including verification testing)
  • Completion of an economic assessment, by DOE, of the proposed approach demonstrating, if appropriate, the overall advantages of the initiative
  • The development of an acceptable regulatory approval and environmental impact evaluation approach.

Read more at: https://www.energy.gov/em/articles/energy-department-issues-eoi-volumetric-contaminated-nickel-technology

#Canada has to act before the critical minerals window closes

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Canada is entering a pivotal era, one in which leadership in critical minerals will determine our economic resilience and national security as global supply chains shift away from dependence on China.

Nickel is at the centre of this race and one of the resources in which Canada can once again become a global leader. The federal government’s referral of the Crawford Project to the Major Projects Office makes it clear that Ottawa understands the importance of what is unfolding in northeastern Ontario.

Read more at: https://ca.finance.yahoo.com/news/mark-selby-canada-act-critical-110021145.html

#US, #SaudiArabia strike deal to build #RareEarths refinery in the #Kingdom

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An industrial facility with tall structures and pipes, featuring a US flag and a Saudi flag in a desert landscape.

Rare earths company MP Materials is partnering with the US military and Saudi Arabia’s flagship mining company to build a rare earth refinery in the Kingdom, in a move that aims to diversify the global critical minerals supply chain.

Saudi Arabian Mining Company (Maaden) and the Pentagon will create a joint venture to process rare earth materials from Saudi Arabia and other parts of the world to supply the US and Saudi manufacturing and defense sectors.

Read more at: https://english.alarabiya.net/News/saudi-arabia/2025/11/19/us-saudi-arabia-strike-deal-to-build-rare-earths-refinery-in-the-kingdom

#Canada #Nickel’s #Crawford Project referred to the Major Projects Office

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In a rapidly shifting global landscape, we are building One Canadian Economy turbo-charged by major nation-building projects that unleash our natural resources, diversify our products and markets and create hundreds of thousands of high-paying careers for our workers, all while protecting the environment and upholding the rights of Indigenous Peoples. 

Honourable Tim Hodgson, Minister of Energy and Natural Resources, visited Canada Nickel Company’s Crawford Project to highlight the Government of Canada’s efforts to build one Canadian economy and build Canada’s leadership in the critical minerals sector.

The Crawford Project will serve as an anchor of Canada’s global leadership in clean industrial materials. Located in the world’s second-largest nickel reserve, the Crawford Project will produce high-quality, low-carbon nickel essential for batteries and green steel. With projected emissions 90 percent below the global average and the potential for a net-negative carbon footprint, it represents a model for the future of responsible mining. Canada Nickel is also planning an expansion to commence once mining operations have started, which would include producing other metals such as iron, cobalt, platinum, palladium and chromium; developing a nickel refinery for stainless steel and electric vehicle markets; and planning to construct a stainless steel and alloy production facility. The project is expected to attract $5 billion in investment and could create 4,000 new careers, securing Canada’s place at the forefront of the clean economy.

Read: https://www.canada.ca/en/natural-resources-canada/news/2025/11/canada-nickels-crawford-project-referred-to-the-major-projects-office.html

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