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Global Commodity News
South Africa Faces Accusations of Brutal Crackdown as 78 Bodies Recovered from Illegal Mine
South Africa is facing international scrutiny following a severe crackdown on illegal mining operations, resulting in the recovery of 78 bodies from a collapsed mine. Human rights groups have described the response as "horrific," accusing…
U.S. Focus on Domestic Copper Production: A Strategic Shift Toward Resource Independence
New Delhi; The U.S. government is working to boost domestic copper production. This move addresses national security concerns and economic needs. Consequently, President Donald Trump recently issued an executive order to enhance copper…
Ukraine and U.S. Finalize Critical Minerals Agreement: A Strategic Partnership for Energy Security
Ukraine and the United States have finalized an agreement on critical minerals. This move aims to boost global energy security and economic resilience. The partnership highlights Ukraine’s vast mineral resources, which can strengthen supply…
Russia Seeks to Expand Rare Earth Metals Production
New Delhi; Russia has announced an ambitious plan to expand its rare earth metals industry, aiming to capture up to 12% of the global market by 2030. With the world’s fifth-largest reserves, estimated at 28.7 million tons, the country is…
Congo Offers Minerals for Peace
The Democratic Republic of Congo (DRC) holds some of the world's richest mineral resources. To achieve peace and stability, the country has proposed using its reserves strategically. This plan aims to end armed conflicts, attract…
fortescue-wa-government-1-8b-compensation-claim
The Yindjibarndi Ngurra Aboriginal Corporation has filed a $1.8 billion compensation claim against Fortescue Metals Group (FMG). They argue that mining activities at the Solomon Hub iron ore mine in Western Australia have caused economic,…
China’s Norinco Enhances Bid for Congo Copper Mines as Deal Stalls
New Delhi; China North Industries Group Corporation (Norinco), a major Chinese state-owned enterprise, has reportedly sweetened its bid for lucrative copper mining assets in the Democratic Republic of the Congo (DRC). Negotiations have…
Zelensky Insists on Military Guarantees in U.S.-Ukraine Minerals Deal
Ukrainian President Volodymyr Zelensky has made it clear that any deal involving U.S. access to Ukraine’s mineral resources must include military guarantees to ensure the nation’s security. This comes in response to a proposal from the…
Efforts to Reduce Dependence on Chinese Tungsten
Tungsten is a critical mineral essential for various industries, including aerospace, defense, electronics, and manufacturing. The United States and other Western countries have long been heavily dependent on China for tungsten supply, as…
Greenland’s Rare Earth Mineral Potential: A Key Resource for the Future
Greenland, known for its vast ice-covered landscape, is emerging as a significant player in the rare earth minerals sector. Beneath its melting ice lies a treasure trove of rare earth elements (REEs) crucial for modern technologies,…