World’s largest zinc smelter sees opportunity in US energy bill Korea Zinc is seeking to diversify into electric vehicle batteries and renewable energy sources. Bloomberg News | February 9, 2023 | 7:29 pm
MMG secures supplies to continue copper production at reduced rate in Peru At normal times, the Las Bambas mine accounts for some 2% of the global supply. Reuters | February 9, 2023 | 7:20 pm
US rare earth firm ropes in former top diplomat Pompeo as strategic advisor Former Secretary of State Mike Pompeo has joined USA Rare Earth as a strategic advisor. Reuters | February 9, 2023 | 7:15 pm
Another year, another major merger (in the works) The merger between large-scale producers across the globe has become a consistent theme in the precious metals sector over the past few years. DBRS Morningstar Canada | February 9, 2023 | 1:52 pm
Russian metal makes up 42% of LME warehouses’ stocks – report Last year, the LME decided not to ban Russian metal from being traded and stored in its system. Reuters | February 9, 2023 | 1:28 pm
Botswana warns of dangers in dash for African minerals Botswana is reviewing its mines and minerals legislation to "tighten up" laws on mine rehabilitation. Reuters | February 9, 2023 | 12:22 pm
Canada to not permit sea floor mining without ‘rigorous’ regulations Any decision on whether to allow seabed mining needed to be "informed by science" and protect ecosystems while also weighing economic and social effects, according to the joint statement. Reuters | February 9, 2023 | 12:02 pm
Barrick’s gold reserves grow to 78 million oz. in 2022 Barrick’s profile as a copper producer is also growing. Staff Writer | February 9, 2023 | 11:03 am
Redwood Materials wins $2bn DOE loan for EV materials plant The funds will be used to build out a $3.5 billion recycling and re-manufacturing complex in Nevada. Reuters | February 9, 2023 | 10:17 am
