Nova Minerals Limited’s Post

The impact of exports of Chinese technologies for processing rare earth metals on the world market #China #CriticalRawMaterials #Mining #Raw #RawMaterials #UnitedStates #World https://lnkd.in/dVT4R_nT

The impact of exports of Chinese technologies for processing rare earth metals on the world market #China #CriticalRawMaterials #Mining #Raw #RawMaterials #UnitedStates #World https://lnkd.in/dF_QSnxU

The impact of exports of Chinese technologies for processing rare earth metals on the world market #China #CriticalRawMaterials #Mining #Raw #RawMaterials #UnitedStates #World https://lnkd.in/dF_QSnxU

The impact of exports of Chinese technologies for processing rare earth metals on the world market #China #CriticalRawMaterials #Mining #Raw #RawMaterials #UnitedStates #World https://lnkd.in/dXhWeU7d

USA: MINING OF ANTIMONY WITHIN REACH - A mine in Idaho could reduce dependence on China. Antimony could soon be mined again in the United States. That is according to Perpetua Resources, the operator of the Stibnite mine in Idaho, who expects government approval for its project to come by the end of the year. According to a press release, the United States Forest Service is expected to publish the necessary environmental impact documents as early as Friday. Although the mine’s namesake is the mineral stibnite, also known as antimony glance or gray antimony in German, the focus will be on gold extraction. Nearly five million ounces could be produced annually, making antimony mining economically viable. Mining in Stibnite began as early as 1899, but it was done without regard for the environment for a long time. Therefore, part of Perpetua Resources’ concept is to rehabilitate the site. The necessary studies have been funded with nearly $60 million by the U.S. Department of Defense, as antimony is of central importance to the defense industry, including ammunition production. The U.S. Export-Import Bank (EXIM) could also support the project with a loan of up to $1.8 billion, as announced last April. China, the most important antimony producer, has announced export restrictions for the raw material starting in mid-September, which will likely increase the importance of Perpetua’s project in Idaho.

Will U.S. onshoring and the push for supply chain diversification curtail the growth of major Chinese miners? Zijin Mining Group Co., one of China’s most acquisitive metals groups and its biggest listed miner, warned that US-led efforts to tackle Beijing’s control of minerals could slow the company’s global expansion, warning that geopolitical tensions are “becoming increasingly grim”. Beijing’s dominant role in mining supply chains — especially in “critical minerals” vital in industries from electric vehicles to military hardware — has led the US and European Union to push for greater reliance on materials produced domestically or by friendly nations. That poses a risk to the growth of Zijin, which has bought copper and gold mines from Canada to Africa, and expanded into lithium in a bid to become a key player in the battery material. https://lnkd.in/e5YY82NE

Namibia's diamond sector faces challenges amid global lag | African Mining Market - African Mining Market: Namibia's diamond sector faces challenges amid global lag | African Mining Market  African Mining Market

Weekly Mining News: 13-10-2024 1.      Armed attackers storm coal mines in Pakistan, killing at least 21: Militants attacked a coal mines using heavy weapons in Balochistan, Pakistan, killing 21 miners. 2.      At least seven dead in a coal mine blast in West Bengal: A blast in a Raniganj coal mine leaves seven workers dead, prompting an investigation. 3.      Landslide hits Fushun West Open-Pit Mine 1 in China: A big size slope failure observed through google earth, causes damage at the Chinese mining site, raising safety concerns. 4.      Urgent approval for mining projects in Gadchiroli threatens 1.23 lakh trees: Fast-tracked projects in Maharashtra's Gadchiroli could lead to large-scale deforestation. 5.      Mining stocks rise despite market downturn: Mining sector stocks perform well, defying the overall negative market trend. 6.      Steel stock jumps 3% after NTPC iron ore deal: a newly listed steel company, Vraj Iron and Steel Limited‘s shares stock jumps 3% after signing agreement with NTPC for procurement of iron ore lump 7.      Rakesh Jhunjhunwala reduces stake in small-cap mining stock: The investor group trims its holdings in a small-cap mining company amid market shifts. 8.      Congo aims to reduce China’s influence in mining: The country seeks new partnerships to decrease China's dominance over its mineral sector. 9.      $2.1 trillion needed for net-zero mining by 2050: BloombergNEF estimates major investments required to meet demand for clean energy minerals. 10. Punjab intensifies crackdown on illegal mining with raids: The Punjab government conducts raids to curb unauthorized mineral extraction activities. 11. India's mining equipment industry to grow 70-80% in 5 years: ICRA projects significant growth in the sector, driven by infrastructure investments. 12. Companies set sights on asteroid mining for trillion-dollar industry: Firms explore mining asteroids for precious metals, aiming to revolutionize resource extraction. Ref: businesstoday, economictimes, eosdotorg, telegraph, thehindu, yespunjub, theprint, carboncredit, equitymaster, theguardian etc. Pic credit: the guardian https://lnkd.in/gSezx9Pi  

The impact of exports of Chinese technologies for processing rare earth metals on the world market #China #CriticalRawMaterials #Mining #Raw #RawMaterials #UnitedStates #World https://lnkd.in/dGqcT3xG

America’s mineral crisis: The urgent need to address China’s dominance and reform mining policy #China #CriticalMinerals #Mining #Raw #UnitedStates #World https://lnkd.in/dffqjvyY