China’s grip on critical minerals draws warnings at IEA gathering
US Energy Secretary Jennifer Granholm said the world is up against a dominant supplier of critical minerals willing to exploit its position for political gain.
Vale Base Metals, to be based in the UK, will have nickel mines in Canada and Indonesia, copper mines in Brazil, and interests in cobalt and platinum group metals.
Commodity prices are always volatile, but in 2022 metal and mining markets reached new levels of turbulence, as the pandemic played out in China and the Ukraine war upended global energy.