The US is to provide around US$3.16 billion in grants towards the production of key battery metals, including lithium, cobalt and nickel, as the Biden administration seeks to boost domestic manufacturing of advanced batteries used in electric vehicles and energy storage. The grants, announced by the...
US President Joe Biden is set to add a host of battery metals to the 1950 Defence Production Act, in a bid to encourage domestic production of critical minerals – or MIFTS (metals important for future technologies) – for electric vehicles (EVs) and other large...
The US is not yet committing to sanctions against Russia that could disrupt global aluminium supplies, with the market already facing severe shortages of the industrial metal. According to people familiar with the matter, White House officials met with industry representatives in recent weeks and told...
US President Joe Biden yesterday announced a spate of new investments in the downstream production of minerals and materials vital in the manufacturing of products associated with the global energy transition. The move is part of Biden’s plans to create a vertically integrated technology supply chain...
Freeport-McMoRan chief executive Richard Adkerson has revealed that the mining giant is set to greenlight expansions at several of its US copper mines against a backdrop of rapidly rising demand for the strategic metal. Phoenix-based Freeport is aiming to capitalise on President Joe Biden’s pledge to...