Barrick CEO Mark Bristow is refusing to shut the door on accepting new investment from state-controlled Chinese companies, and questioned the move by Canada and the US to clamp down on such investment.
Wood Mackenzie estimates a greener world will be short about six million tonnes of copper by next decade.
Final investment decision on the Ngualla Neodymium and Praseodymium (NdPr) rare earth deposit will be made by the end of September.
“In the longer term, the energy transition could significantly lift the demand for some metals, notably lithium, copper, and nickel,” the bank said.
Automaker has signed an agreement with the miner for the supply of battery grade nickel and cobalt sulphate from the NiWest project.
An accord would essentially allow EU companies to take advantage of some of the benefits in the IRA.
Key moves in the mining sector.
Miner will consider moving into the production of manganese sulphate in the US.
The development follows the completion of a definitive feasibility study of Vidalia Further Expansion project.
Gold offers a new route toward miniaturized, flexible, implanted medical devices to diagnose and treat chronic diseases.