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HomeRare Earth Minerals

Rare Earth Minerals

Rare Earth Minerals

Scientists work on solid-state battery that uses fewer ‘problem’ metals

March 7, 2023 Mariel Alumit

​A team from Florida State University and the Lawrence Berkeley National Laboratory has developed a new strategy to build solid-state batteries that are less dependent on specific chemical elements, particularly expensive metals with supply chain […]

Rare Earth Minerals

Fresnillo halves dividend as inflation hits profit

March 7, 2023 Mariel Alumit

​ Precious metals miner Fresnillo (LON: FRES) has cut its annual dividend by half, as 2022 results were hit by metal price volatility and costs inflation. The company, the world’s top silver producer and Mexico’s largest gold miner, declared […]

Sibanye
Rare Earth Minerals

Sibanye-Stillwater secures controlling stake in New Century Resources

March 7, 2023 Mariel Alumit

​ Precious metals miner Sibanye-Stillwater (JSE: SSW)(NYSE: SBSW) said on Tuesday it had increased its stake in Australia’s New Century Resources (ASX: NCZ) to nearly 71% in an attempt to acquire it. The move comes […]

Investments

Palladium One grabs more critical minerals assets with acquisition of MetalCorp

March 6, 2023 Mariel Alumit

​ Palladium One Mining (TSXV: PDM) is expanding its portfolio of critical mineral assets in Canada with the acquisition of MetalCorp (TSXV: MTC), an Ontario-focused junior miner with two exploration-stage projects and royalty interests in several […]

Energy
M & A

Forum Energy buys out Rio Tinto’s share of Janice Lake copper

March 6, 2023 Mariel Alumit

​ Forum Energy Metals (TSXV: FMC) has agreed to buy all of Rio Tinto Exploration Canada’s interest in the Janice Lake copper property, giving Forum a 100% interest. The property covers 39,943 hectares in north-central […]

Gold
People

Iamgold picks former New Gold boss Adams as new CEO

March 6, 2023 Mariel Alumit

​ Canada’s Iamgold (TSX: IMG) (NYSE: IAG) has appointed Renaud Adams as its new President and chief executive officer, effective April 3. Adams replaces board chair Maryse Belanger, who was acting as interim President and […]

Tesla
Rare Earth Minerals

New Tesla motor technology could disrupt rare earths industry

March 3, 2023 Mariel Alumit

​ Rare earth element companies may face pressure after Tesla unveiled plans this week to develop car motors without key critical minerals. In North America, California-focused MP Materials (NYSE: MP) and Colorado-based Energy Fuels (TSX: EFR; […]

Gold
Finance

Gold price rallies on dollar weakness, heading towards first weekly rise in five

March 3, 2023 Mariel Alumit

​ Gold prices rallied again on Friday and are heading towards their first weekly rise in five as a pullback in the US dollar and Treasury yields alleviated concerns of more Federal Reserve rate hikes. […]

Commodities

Iron ore price rises on demand optimism

March 3, 2023 Mariel Alumit

​ Iron ore price hit an eight-month high on Friday, driven by optimism about future steel demand in China. Benchmark 62% Fe fines imported into Northern China rose 0.54%, to $127.70 per tonne. The most-traded […]

Earnings

First Quantum losing $8 million a day on Cobre Panama halt

March 3, 2023 Mariel Alumit

​Canada’s First Quantum Minerals (TSX: FM) says it’s experiencing losses of up to $8 million a day due to the suspension of ore processing and port loading affecting its giant copper mine in Panama. In […]

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