United States and Australia ink critical minerals deal

U.S. President Donald Trump and Australian Prime Minister Anthony Albanese have signed a critical minerals agreement, which they described as “an $8.5 billion deal between allies,” aimed at curbing China’s dominance of rare earths resources. The Associated Press reported that China announced earlier this month that foreign companies must get approval from its government to export magnets containing even trace…

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Oz government steps in to support Mount Isa, Townsville

Glencore has confirmed it has reached a Heads of Agreement with the Australian and Queensland governments on an A$600 million support package that will keep operations continuing for the next three years at the Mount Isa copper smelter and Townsville copper refinery. The deal, made after eight months of constructive engagement with both governments, offers “greater certainty” for 600 workers…

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Anglo American, Teck to form mining powerhouse

Anglo American and Teck Resources have reached an agreement to combine the two companies in a merger of equals, forming the Anglo Teck group. Headquartered in Vancouver, Canada, Anglo Teck will be a global critical minerals champion and top-five global copper producer. Bringing together the strengths of both companies, Anglo Teck will leverage proven capabilities in technical and operational excellence,…

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Critical mineral markets need diversification: IEA report

Emphasizing major energy and economic implications, a new International Energy Agency (IEA) report identifies vulnerabilities over the next decade, notably for copper and other critical minerals. The 2025 edition of the IEA’s Global Critical Minerals Outlook finds that critical mineral markets have become more concentrated, not less, particularly when it comes to refining and processing. For copper, lithium, nickel, cobalt,…

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