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TSX-listed NextSource Materials has approved a final investment decision for Phase 1 of its proposed battery anode facility in Abu Dhabi, following successful completion of front-end engineering design that confirmed the robust economics outlined in the October 2025 study. The decision authorises the company to proceed with pre-engineering, procurement and construction mobilisation, including finalising property agreements, awarding early works contracts and initiating long-lead equipment procurement, with equipment shipments from China and Mauritius set to begin.
Syrah secures seven-year graphite offtake with NextSource for Abu Dhabi deliveryAustralian graphite producer Syrah Resources has signed a binding conditional offtake agreement with NextSource Materials for the supply of at least 34 000 t, and up to about 68 000 t, of natural graphite fines from its Balama operation in Mozambique over a seven-year term starting no earlier than June 1, 2026. The product will be delivered to Abu Dhabi, reinforcing Balama's strategic importance as a large-scale supplier of high-quality natural graphite outside China to the emerging ex-China anode and battery supply chain.
Middle East conflict disrupts aluminium supply and African business operationsIndustrial metals have jumped to record highs on the London Metal Exchange, with aluminium rising about 15% since the start of the Iran war after Iranian strikes directly targeted two key smelters in Abu Dhabi and Bahrain at the end of March. The conflict has also dented the image of Gulf States as stable, low-tax business enclaves, adding risk and uncertainty for African and global companies that manage Africa operations from offshore bases in Dubai, Doha and Abu Dhabi.
Abu Dhabi Updates
Zambia has extended the suspension of a 10% duty on copper concentrate exports to September 30, to help clear stockpiles of unprocessed material as the country's major smelters undergo extended...
The Southern African Vinyls Association (SAVA) hosted its 14th Annual General Meeting (AGM) on 21 May 2026, bringing together key stakeholders from across the PVC value chain to reflect on the past...
NextSource Materials has approved a final investment decision for Phase 1 of the proposed project.
TSX-listed NextSource Materials has approved a final investment decision for Phase 1 of its proposed battery anode facility (BAF) in Abu Dhabi, in the United Arab Emirates, marking a major...
Industrial metals have jumped to a record high on the London Metal Exchange (LME), driven gains in aluminum after the Middle East war disrupted supplies, as well as a recent revival in copper. The...
Nasdaq-listed special purpose acquisition company Fifth Era Acquisition Corporation (FERA) will soon merge with Abu Dhabi-based Miotal, which is a high-purity strategic metals supplier owned by SMT...
The chaos that Donald Trump’s administration has imposed on the global economy escalated sharply on February 28 as the US and Israel launched the Third Gulf War with a “war of choice” attack on...
Syrah Resources has signed a multiyear binding conditional offtake agreement with Canada’s NextSource Materials for the supply of natural graphite fines from its Balama operation.
Australian graphite producer Syrah Resources has signed a multi-year binding conditional offtake agreement with Canada’s NextSource Materials for the supply of natural graphite fines from its...
Schneider Electric, a global energy technology leader, today announced that the second edition of the Innovation Summit Middle East & Africa will be held in Abu Dhabi from April 28–29, 2026. The...
NextSource Materials has received the first shipment of equipment.
Emerging Canadian miner NextSource Materials has received the first shipment of equipment for its inaugural battery anode facility in Abu Dhabi. The equipment delivery marks a significant...
Battery metals developer NextSource Materials announced positive results of a technical and economic study on the construction of a proposed 30 000 t/y battery anode facility in September 2025.
Pretoria-based defence engineering company Centauri Technologies has announced that the counter uncrewed aerial system (C-UAS), more popularly known as an anti-drone system, that it has developed,...
The United Arab Emirates said on Saturday it will invest $1-billion to expand AI infrastructure and AI-enabled services across Africa, with the aim of helping countries meet national development...
Investment firm Orion Resource Partners on Thursday launched the Orion Critical Mineral Consortium (Orion CMC), a new platform aimed at strengthening US economic competitiveness and national...
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