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London-listed Pensana has engaged General Motors as part of a multi-partner offtake framework for its $250-million Longonjo rare earth mine in Angola, which is 22% complete and on target for first commissioning in 2027. The mine-to-magnet strategy includes partnerships with Toyota Tsusho, ReElement Technologies and VAC/eVAC Magnetics, alongside Japanese magnet producers and automotive original-equipment manufacturers in Europe and the US.
GM backs lithium and rare earth projects to secure battery supply chainGeneral Motors holds a 38% stake in the Thacker Pass lithium project in Nevada, which is progressing towards mechanical completion in late 2027 with capital expenditure guidance of $1.3-billion to $1.6-billion for 2026. The carmaker has also invested in EnergyX, a Puerto Rico-based lithium technology startup building a $1.1-billion facility in Chile slated to produce 50 000 t/y by 2028, and has signed a magnet supply deal with MP Materials, which is developing a rare earths refinery in Saudi Arabia with the US Department of Defense.
General Motors Updates
London-listed Pensana has achieved progress on construction of the Longonjo mine, in Angola. The $250-million development is on target and on budget for first mixed rare earth carbonite (MREC)...
Construction is progressing towards mechanical completion in late 2027.
Chile and the US have signed a joint statement to begin discussions on rare earths and other types of critical minerals, Chile's foreign ministry said on Thursday. The first meeting will take...
South Africa’s new-vehicle market continues to experience seismic shifts on the back of an influx of rising Asian brands. Lightstone Auto, provider of comprehensive data, analytics and systems for...
North American developer Lithium Americas has guided capital expenditure (capex) of between $1.3-billion and $1.6-billion for 2026 as construction accelerates at its Thacker Pass lithium project in...
US President Donald Trump is set to launch a strategic critical minerals stockpile with $12-billion in seed money from the US Export-Import Bank, a Trump administration official familiar with the...
Element 25 is progressing with the project, with engineering, contracting and funding activities advancing as the company works towards lifting manganese concentrate output to 1.1-million tonnes a...
MP Materials said on Wednesday it would build a rare earths refinery in Saudi Arabia with the US Department of Defense and state-owned Saudi Arabian mining company Maaden to expand Middle Eastern...
Automation specialist Emerson has been selected by Lithium Americas to provide its comprehensive automation portfolio and technical services for the project.
Gold and silver prices remained jittery on Wednesday after the sharpest pullback in over five years, while global equity and bond markets were taking a breather from recent rallies. Gold, which...
General Motors Co. and a partner have paused the second phase of a cathode factory in Quebec, resulting in the cancellation of a nickel sulfate project by Vale SA. GM agreed in 2022 to buy nickel...
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