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Cobalt & Bismuth |
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MINING.com - August 11, 2025
US vs. China on critical minerals
US vs. China on critical minerals
China’s tightening grip on critical mineral exports is sending shockwaves through industries from defense to clean energy…In response, Washington has already invoked the Defense Production Act, aiming to accelerate domestic production and reduce dependence on Chinese processing….Mining.com’s Devan Murugan spoke to Sahar Hafeez, senior counsel at Pillsbury and former senior advisor at the US Department of Commerce and the White House National Security Council, about the legal, policy, and market tools now being deployed to secure US supply chains. Click blue title to watch video.
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S&P Global - August 11, 2025
... “What happens when your entire production line halts because of a missing mineral?” This isn’t a hypothetical—it’s a growing reality for ...
... “What happens when your entire production line halts because of a missing mineral?” This isn’t a hypothetical—it’s a growing reality for ...
“What happens when your entire production line halts because of a missing mineral?” This isn’t a hypothetical—it’s a growing reality for supply chain leaders navigating the volatile landscape of critical minerals. From electric vehicles to defense systems, the global economy hinges on a handful of minerals increasingly caught in the crossfire of geopolitics, tariffs, and resource nationalism….Critical minerals may not be the largest product targeted by 232s, but they are essential. A missing mineral can shut down an entire supply chain.” — Eric Oak….China has weaponized its dominance in critical minerals through export controls on gallium, germanium, antimony, and seven heavy rare earth elements. These controls are not just economic—they’re geopolitical….“Even with policy support, the U.S. starts from a weaker position. Mines known today will only be in production by 2035 or later.” — Mark Ferguson…Countries rich in critical minerals are asserting control through export bans, state ownership mandates, and shipping restrictions
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EVs & Energy Storage |
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CBC Windsor - August 12, 2025
Automaker Ford hits pedal on EV production with $2B US overhaul of U.S. plant
Automaker Ford hits pedal on EV production with $2B US overhaul of U.S. plant
Ford Motor Co. will invest nearly $2 billion US retooling a Kentucky factory to produce electric vehicles (EV) that it says will be more affordable, more profitable to build, and will out compete rival models…The automaker's top executive unveiled the new EV strategy at Ford's Louisville Assembly Plant which, after producing gas-powered vehicles for 70 years, will be converted to manufacture electric vehicles…The Big Detroit automakers have continued to transition from internal combustion engines to EV technology even as President Donald Trump's administration unwinds incentives for automakers to go electric…Trump's massive tax and spending law targets EV incentives, including the imminent removal of a credit that saves buyers up to $7,500 US on a new electric car…Yet Farley and other top executives in the auto industry say that electric vehicles are the future and there is no going back…The first EV to roll off the revamped Louisville assembly line will be a midsize, four-door electric pickup truck in 2027 for domestic and international markets, the company said Monday…The company said it will use a universal platform and production system for its EVs, essentially the underpinning of a vehicle that can be applied across a wide range of models…The new platform enables a lineup of affordable vehicles to be produced at scale, Ford said. It will reduce parts by 20 per cent versus a typical vehicle, with 25 per cent fewer fasteners, 40 per cent fewer workstations dock-to-dock in the plant and a 15 per cent faster assembly time, Ford said. The traditional assembly line will be transformed into an "assembly tree" at the Louisville plant, it said. Instead of one long conveyor, three sub-assembly lines will operate simultaneously and then join together, it said…Ford revealed in its release that the truck will have a targeted starting price of about $30,000 US…Ford's new EV strategy comes as Chinese automakers are quickly expanding across the globe, offering relatively affordable electric vehicles.
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Congo |
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Reuters - August 8, 2025
Workers are pictured on a plain of sludge on a tailings dam at the Kibali gold mine in Haut-Uele province, Democratic Republic of Congo ...
Workers are pictured on a plain of sludge on a tailings dam at the Kibali gold mine in Haut-Uele province, Democratic Republic of Congo ...
Democratic Republic of Congo appointed former mining executive Louis Watum Kabamba as mines minister in a cabinet reshuffle, the government said on Friday, ahead of key decisions on potential foreign investments and cobalt exports…Kinshasa is engaged in peace talks in both Washington and Doha that the administration of U.S. President Donald Trump hopes will bring an influx of Western investment into its vast reserves of lithium, tin, cobalt, copper and other critical minerals…Watum's appointment, replacing Kizito Pakabomba, also coincides with a planned review by Congo, the world's top cobalt supplier, of a ban on exports of the metal that took effect in February and was extended in June…The government is weighing whether to prolong the ban or implement a quota system to regulate exports of the critical battery metal, while supporting domestic refining and industrialization…Known for his leadership at Ivanhoe Mines , Randgold's Kibali project, Kamoa Copper SA and Congo's chamber of mines, Watum is expected to champion investor-friendly reforms while demanding deeper local benefits, said Zack Hartwanger, head of commercial for Africa at Open Mineral, Swiss-based commodity trader…"He's expected to support the proposed quota system, with allocations favoring larger producers who offer greater employment potential and social interventions, while ensuring smaller operators retain access to export markets."
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Associated Press - August 9, 2025
KINSHASA, Congo (AP) — Rwanda-backed rebels have killed at least 80 people in eastern Congo in recent weeks, Congolese authorities said, ...
KINSHASA, Congo (AP) — Rwanda-backed rebels have killed at least 80 people in eastern Congo in recent weeks, Congolese authorities said, ...
Rwanda-backed rebels have killed at least 80 people in eastern Congo in recent weeks, Congolese authorities said, despite the ongoing Qatar-led peace process aiming to end the conflict…A decades-long conflict ravaging eastern Democratic Republic of Congo escalated earlier this year when the M23 rebel group seized two key cities with the help of neighboring Rwandan forces. Congo has long been wracked by deadly conflict in its mineral-rich east, with more than 100 armed groups active…The continuing violence could threaten the efforts to get Congo and the rebels to sign a permanent peace deal by Aug. 18 as hoped for. One of the deal’s conditions is the protection of civilians and the safe return of millions of displaced people…The two sides on July 19 signed a declaration of principles in Qatar to end the fighting and commit to a comprehensive peace agreement that would include the restoration of state authorities in key eastern cities controlled by the insurgents.
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For further information about the NICO Project and its Mineral Reserves, please refer to the Technical Report on the Feasibility Study for NICO, entitled "Technical Report on the Feasibility Study for the NICO-Gold-Cobalt-Bismuth-Copper Project, Northwest Territories, Canada", dated April 2, 2014 and prepared by Micon, which has been filed on SEDAR and is available under the Company's profile at www.sedar.com.
DISCLAIMER
Fortune Minerals Limited does not endorse or guarantee the accuracy or completeness of any third party publication regarding the Company and accepts no liability for any direct or consequential losses arising from its use. The information contained in third party publications is subject to verification by the user and Fortune is under no obligation to provide, or comment upon, such publications. This communication is not, and under no circumstances is to be construed as, an offer to sell or a solicitation to buy any securities. Any decision to invest in securities in the secondary market or otherwise should only be made after consulting the investor’s own investment, legal, accounting and tax advisors in order to make an informed determination of the suitability and consequences of such investment.
CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION
The materials appearing in this email contain forward-looking information. This forward-looking information includes, or may be based upon, estimates, forecasts, and statements as to management’s expectations with respect to, among other things, the size and quality of the Company’s mineral resources, progress in permitting and development of mineral properties, timing and cost for placing the Company’s mineral projects into production, costs of production, amount and quality of metal products recoverable from the Company’s mineral resources, anticipated revenues, earnings and cash flows from the Company's mineral projects, demand and market outlook for metals and coal and future metal and coal prices. Forward-looking information is based on the opinions and estimates of management at the date the information is given, and is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. These factors include the inherent risks involved in the exploration and development of mineral properties, uncertainties with respect to the receipt or timing of required permits and regulatory approvals, the uncertainties involved in interpreting drilling results and other geological data, fluctuating metal and coal prices, the possibility of project cost overruns or unanticipated costs and expenses, the possibility that production from the Company's mineral projects may be less than anticipated, uncertainties relating to the availability and costs of financing needed in the future, uncertainties related to metal recoveries and other factors. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Inferred mineral resources are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves. There is no certainty that mineral resources will be converted into mineral reserves. Readers are cautioned to not place undue reliance on forward-looking information because it is possible that predictions, forecasts, projections and other forms of forward-looking information will not be achieved by the Company. The forward-looking information contained herein is made as of the date hereof and the Company assumes no responsibility to update them or revise it to reflect new events or circumstances, except as required by law.
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