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Trump administration opens up Minnesota wilderness area to copper mining

By: Reuters     15th May 2019 The US Interior Department on Wednesday renewed two mineral leases near the Boundary Waters Wilderness area in Minnesota, a key step in opening the popular wilderness and recreation area up to copper mining despite heavy opposition from local and national conservation groups. The department's... 

Rio Tinto shipping more aluminium to Europe as US demand slows

By: Reuters     9th May 2019 Rio Tinto has begun shipping more aluminium to markets like Europe to offset slowing demand from the US partly caused by the trade dispute between China and the US, CEO Jean-Sébastien Jacques said on Thursday. Jacques said that demand for Rio Tinto's products had not been impacted by the... 

Tesla manager sees risk of battery-minerals shortage in future

By: Reuters     3rd May 2019 Booming demand for electric vehicles and insufficient investment in mines could result in a global shortage of minerals needed to manufacture rechargeable batteries in a few years’ time, a Tesla representative told US officials and mining executives in a meeting in Washington. Prices for some of... 

US has battery problem in race for electric car supremacy

By: Bloomberg     1st May 2019 The US push to challenge China’s dominance in the production and sale of electric vehicles has at least one weak link: Most of the raw materials needed to make the batteries are dug elsewhere. Both Chinese and US-based companies have invested heavily in lithium mining projects in Chile,... 

NASA says aluminum fraud caused $700m satellite failures

By: Bloomberg     1st May 2019 Faulty materials supplied by a unit of Norsk Hydro ASA, one of the world’s top aluminum producers, led to more than $700 million of losses in two failed NASA satellite launch missions, according to an investigation by the space agency. NASA’s Orbiting Carbon Observatory mission in 2009 and Glory... 

Russia's Rusal first-quarter value-added product sales down 44% on US sanctions

By: Reuters     30th April 2019 Russian aluminium producer United Company Rusal has reduced its first-quarter sales of value added products (VAP) by 44% from a year ago and by 22% from the last quarter of 2018 because of sanctions by the US. Washington imposed the sanctions on Rusal, the world's largest aluminium producer... 

IMF slates unpredictable policies in report Tanzania blocked

By: Bloomberg     23rd April 2019 The International Monetary Fund said that Tanzania’s economy is being harmed by the government’s “unpredictable and interventionist policies” in a report whose release the East African country has blocked. Tanzania refused to authorize the publication of the report, the IMF said Wednesday in a... 

Venezuela unrest may hurt Crystallex bid to reclaim $1.2bn

By: Bloomberg     18th April 2019 Confusion over who’s in charge in Venezuela may keep Crystallex International from collecting a $1.2-billion arbitration award. Crystallex, a bankrupt gold producer, is trying to seize shares of the US unit of Venezuela’s State-owned energy company that controls Citgo Holding . An appellate... 

Uranium imports aren't a threat, Obama's energy chief says

By: Bloomberg     17th April 2019 A former US energy secretary dismissed the idea that an influx of foreign uranium imports is a threat to national security, rejecting what could be a justification for future import quotas to protect domestic suppliers. “I have never considered uranium to be a major security issue,” Ernest... 

Global finance chiefs prepared to 'act promptly' on growth 

By: Bloomberg     15th April 2019 Global finance ministers and central bankers are prepared to “act promptly” to shore up growth in a world economy that faces downside risks including trade tensions, according to a statement issued Saturday. While growth is projected to firm up in 2020, “risks remain tilted to the downside,”... 

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