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Cobalt & Bismuth
MSN India • June 03, 2026 • 5:30 AM
US Secretary of State Marco Rubio warned that China`s dominance of global critical mineral supply chains poses a growing threat to economic ...

US Secretary of State Marco Rubio warned that China`s dominance of global critical mineral supply chains poses a growing threat to economic and national security, saying the United States is expanding partnerships worldwide to reduce dependence on Beijing for resources vital to advanced technologies, defence systems and industrial production…Speaking before the House Appropriations Subcommittee on National Security, Department of State and Related Programs, Rubio said the concentration of critical minerals and processing capacity in a single country had become a major strategic vulnerability not only for the United States but also for allies across Europe and Asia…"It is not healthy for the global economy and frankly, it is dangerous for national security and the security of the world to depend on any single country for 90 per cent of anything that`s critical to your industrial base, your defence base, your technology base," Rubio told lawmakers…The remarks came as the Trump administration continues to place critical minerals at the centre of its economic and foreign policy agenda amid intensifying competition with China…Critical minerals, including lithium, cobalt, rare earth elements and graphite, are essential for electric vehicles, semiconductors, batteries, telecommunications equipment, renewable energy technologies and advanced military systems…The Secretary said the administration`s strategy extends beyond securing access to raw materials and includes developing global processing capabilities needed to convert minerals into products used by industry and defence manufacturers.

Center for Strategic and International Studies • June 02, 2026 • 4:32 PM
The contest for critical minerals is increasingly being won or lost long before a mine enters production. Around the world, ownership of ...

The fundamental challenge is that China approaches critical mineral acquisitions through a coordinated ecosystem. Chinese mining companies, state-owned enterprises, policy banks, diplomats, and industrial policymakers operate in support of a common strategic objective: securing long-term control over critical mineral supply. Information about potential acquisitions is gathered, financing is mobilized, diplomatic support is deployed, and transactions are pursued as part of a broader national effort…By contrast, the U.S. response remains largely reactive. It lacks a comprehensive registry of all strategic mineral assets worldwide, a formal mechanism for monitoring and managing potential acquisitions, and a dedicated financing capability to support alternative bidders. As a result, Washington frequently responds to transactions already underway, while Beijing systematically identifies and pursues opportunities years in advance…The competition for critical minerals is increasingly a competition for ownership in frontier markets. Unless the United States and its allies build institutions capable of identifying and protecting strategic assets before they change hands, they will find themselves competing for supply chains built on resources they no longer control.

The Quantum Insider • June 03, 2026 • 12:49 PM
Researchers developed a cobalt-based honeycomb material with magnetic properties that could support future quantum materials research.

Researchers from The University of Osaka and collaborating institutions developed a cobalt-based thin-film material featuring local honeycomb structures with strong magnetic interactions relevant to quantum materials research…The material was created by introducing approximately 4% cobalt into sodium antimonate, producing stable cobalt honeycomb motifs within a larger honeycomb lattice…The findings suggest that cobalt, a relatively abundant and widely used metal, could provide an alternative platform for studying quantum magnetic materials associated with quantum information science… Honeycombs are famous for their elegant design, but now they may have found a new application: quantum computing. To collect knowledge from subatomic particles, quantum computers require carefully designed materials capable of performing necessary, complex functions. However, the metals used, such as ruthenium and iridium, are often rare and expensive, limiting the potential to build new technology…In an article recently published in Physical Review Materials, researchers from SANKEN at The University of Osaka and collaborating institutions reported the creation of a special thin-film material in which cobalt atoms formed local honeycomb arrangements embedded inside a larger honeycomb matrix. These cobalt honeycomb motifs exhibit strong magnetic interactions, which are important for quantum computing applications…Kitaev materials, a class of quantum magnetic materials studied for their potential use in quantum information science, have attracted major attention because they may host exotic quantum states known as spin liquids…“What excites us is that these cobalt honeycombs appear to form naturally, without any special coaxing,” explains senior author, Hidekazu Tanaka. “They even produce a clear magnetic signal that matches what theory predicts for this type of structure.”

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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