Tag: Mineral

BusinessManufacturingTechnology

EU Races to Build Critical Minerals Stockpile Amid China Supply Fears

European officials are scrambling to establish critical minerals stockpiles as China’s export controls threaten supplies essential for defense systems and clean energy technology. The EU plans to launch a consultation on joint purchasing before year-end, but faces significant logistical and competitive challenges in catching up with US efforts.

Europe’s Supply Chain Wake-Up Call

European leaders are sounding the alarm about what they describe as an increasingly urgent need to stockpile critical minerals, with warnings that the continent risks falling dangerously behind in securing materials essential for both national defense and the green transition. According to industry reports, the European Commission plans to launch a consultation on stockpiling before year-end, focusing on funding mechanisms and which minerals should be prioritized for acquisition.

by Aaron Vale
BusinessEnergyManufacturing

Global Mining Lubricants Market Set to Reach $5.79 Billion by 2032 Amid Industrial Expansion

Mining lubricants market expected to hit $5.79 billion by 2032 with 3.85% CAGR growth. Asia-Pacific leads demand while synthetic lubricants dominate product segments. Industry faces challenges from electric equipment transition.

Market Overview and Growth Projections

The global mining lubricants market is positioned for steady expansion, with analysts projecting growth from $4.28 billion in 2024 to $5.79 billion by 2032, according to recent market analysis. Sources indicate this represents a compound annual growth rate (CAGR) of 3.85% during the forecast period from 2025 to 2032. Industry reports suggest this growth is primarily driven by increasing global demand for metals and minerals fueled by ongoing industrialization, urbanization, and the transition to clean energy technologies worldwide.

by Elijah Porter
EnergyTrade

US and Australia Forge $8.5 Billion Critical Minerals Partnership to Counter China’s Dominance

The United States and Australia have inked an $8.5 billion agreement to strengthen critical mineral supply chains amid ongoing trade tensions with China. The deal includes funding for a major gallium refinery in Western Australia and significant defense technology purchases. This partnership aims to reduce reliance on Chinese-controlled rare earth elements essential for semiconductors, electric vehicles, and military applications.

Major Bilateral Agreement Targets Mineral Security

The United States and Australia have signed an $8.5 billion critical minerals agreement to secure materials vital for semiconductors, electric vehicles, and defense technologies, according to reports. President Donald Trump and Australian Prime Minister Anthony Albanese formalized the partnership Monday as both nations seek to reduce dependence on Chinese-controlled supply chains. Sources indicate the deal represents one of the most significant efforts to date to counter China’s dominance in rare-earth elements and other strategic materials.

by Elijah Porter
EnergyTrade

U.S. and Australia Forge $3 Billion Critical Minerals Partnership Amid Supply Chain Pressures

The United States and Australia have committed $3 billion to critical minerals projects, with the U.S. Department of Defense investing in a gallium refinery in Western Australia. This strategic move comes as China restricts exports of minerals vital for electronics and defense technologies. Australia has also reportedly agreed to purchase $1.2 billion in autonomous underwater vehicles from defense startup Anduril.

Strategic Minerals Partnership Announced

President Donald Trump and Australian Prime Minister Anthony Albanese have signed a significant agreement to bolster critical minerals supply chains, according to reports. The partnership will see both nations contribute a combined $3 billion to critical minerals projects over the next six months, with the total project pipeline valued at $8.5 billion, sources indicate.

by Elijah Porter