Column: China ups critical minerals heat with graphite controls
The West can’t say it wasn’t warned.
The West can’t say it wasn’t warned.
The MRE showed a substantial increase in tonnes and contained metals over historical estimates provided by Vale.
The company posted a bigger-than-expected 18% drop in its first-quarter metallurgical coal output.
Capex in Canada’s mining industry increased by 14% to $13.5 billion last year.
A decade of underinvestment in new supply and an enormous metal intensive energy transition have offered little incentive for investors to back the next generation of deposits.
The federal government last year launched a Canadian critical minerals strategy, backed by C$3.8 billion.
The company plans to develop deposits of metals such as lithium, copper and nickel in southern and eastern Africa.
Shares in the group fell 29% year-to-date.
JFE Steel holds 15% equity in India's JSW Steel, which was also exploring an investment in Teck's coal business.
Amid a wider slump, MINING.COM’s ranking was lit up by newcomer Amman Minerals, which now sits just outside the top 10 after minting at least six new billionaires since its July IPO.