Funds will also support continued work on a mixed rare earth carbonate demonstration plant, further drilling and resource definition, environmental approvals and general working capital.

Disruptions in fuel supplies and maritime operations, amid the escalation in the Middle East, have begun to affect companies

India steel production cuts could soon become inevitable as small and medium- sized steel mills warn that disruptions in naturalgas supplies linked to the war in the Middle East are already affecting operations.

Canada and Australia have agreed to deepen cooperation on critical minerals as they move to strengthen supply chains

Global rare earths mining investment platform Cascade Natural Resources has increased its previously announced investment

Chief executive officer Mike Henry has reaffirmed BHP’s iron ore supremacy, pointing to world-leading margins and superior cash generation.

GLENCORE CEO Gary Nagle said he was confident Eskom will grant the group a 54% electricity tariff reduction before the end of February, a development that would enable the group to restart ferrochrome production.

GLENCORE has agreed to purchase nearly 2,000 tons of cobalt from industry veteran Rami Weisfisch in a deal worth close to $115m at current prices, said Reuters citing two sources with knowledge of the transaction.