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Excerpt from November 12, 2025, BMO Metals Brief: World entering “Age of Electricity”: The IEA has published its annual World Energy Outlook, offering a more anodyne assessment of the global energy transition compared to the growing trend of energy security and trade concerns. Nonetheless, under the IEA’s “Stated Policies Scenario” (STEPS), the agency expects oil demand to peak at 102mb/d around 2030 and EVs to represent over 50% of global vehicle sales by 2035 (vs BMO’s forecast of 59%, as discussed in this report). From the 2030s onwards, the IEA expects renewables in aggregate to meet all additional global energy demand, with renewable generation growing fourfold by 2050; nuclear generation is expected to double by 2050 while coal demand is expected to drop by 20% by 2035. The IEA’s projections suggest the world is “moving firmly into the Age of Electricity in STEPS,” with electricity use rising four-times faster than overall energy demand to 2035. |
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Kyodo News - November 12, 2025
Japanese Prime Minister Sanae Takaichi ...
Japanese Prime Minister Sanae Takaichi ...
Japan is arranging to help domestic firms secure critical minerals such as rare earths by financially supporting their mining and refining businesses, as China, rich in such resources, tightens its export controls, a government source said Wednesday…The aid, likely in the form of investments and subsidies, is part of Prime Minister Sanae Takaichi's pledge to boost what she describes as "crisis management investment."...To prevent shortages of strategically important minerals essential for a wide range of high-tech goods, the government will also promote measures to diversify their suppliers and build sufficient stockpiles, the source said…Resource-scarce Japan currently needs to rely on imports from China and other countries to secure critical minerals, which are also used in making semiconductors and cars.
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Reuters - November 7, 2025
Companies Congo Dongfang International Mining SPRL Follow Zhejiang Huayou Cobalt Co Ltd Follow
KINSHASA, Nov 7 (Reuters) - The Democratic ...
Companies Congo Dongfang International Mining SPRL Follow Zhejiang Huayou Cobalt Co Ltd Follow
KINSHASA, Nov 7 (Reuters) - The Democratic ...
The Democratic Republic of Congo has suspended activities at a Chinese-operated mining site in the south of the resource-rich country after a spill, mines minister Louis Watum Kabamba said late on Thursday…Congo Dongfang International Mining (CDM), which mainly sources copper and cobalt from the Central African country, is a unit of China's Zhejiang Huayou Cobalt…He said that the company does not meet environmental standards, causing water pollution and exposing the population to serious health risks…The three-month suspension can be extended if necessary, he added…"CDM must fully repair the environmental damage, ensure the remuneration of its staff, compensate the affected populations, and strictly comply with the requirements of the Mining Code," Watum said, adding that an investigation would be conducted into the incident.
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Reuters - November 12, 2025
The GM logo is seen on the China Headquarters in Shanghai, China, August 29, 2022. REUTERS/Aly Song Purchase Licensing Rights , opens new ...
The GM logo is seen on the China Headquarters in Shanghai, China, August 29, 2022. REUTERS/Aly Song Purchase Licensing Rights , opens new ...
General Motors has directed several thousand of its suppliers to scrub their supply chains of parts from China, four people familiar with the matter said, reflecting automakers’ growing frustration over geopolitical disruptions to their operations…GM executives have been telling suppliers they should find alternatives to China for their raw materials and parts, with the goal of eventually moving their supply chains out of the country entirely, the people said. The automaker has set a 2027 deadline for some suppliers to dissolve their China sourcing ties, some of the sources said…Geopolitical tensions between the two superpowers have left car executives in triage mode throughout 2025. U.S. President Donald Trump’s on-again, off-again tariffs and bouts of industry panic over potential rare-earth bottlenecks and computer-chip shortages have auto companies rethinking their ties to China, long an important source of parts and raw materials…The GM effort targets parts and materials that go into cars built in North America, where the company makes the majority of its vehicles globally. GM prefers to obtain parts from North American factories for vehicles built in the region but is open to non-U.S. supply lines outside of China, the sources said…Shilpan Amin, GM’s global purchasing chief, said at a conference last month that the risk of supply disruptions has forced the automaker to move away from simply tapping the lowest-cost countries…“Resiliency is important — making sure you have more control over your supply chain and you know exactly what is coming where,” he said…In April, China clamped down on exports of parts that contain rare-earth elements that are used extensively inside cars, sending auto companies racing to stockpile components. In October, China added restrictions on shipments of more rare-earth elements.
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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.
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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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