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The EU is turning to Brazil and African producers as strategic partners to diversify critical mineral supplies, with Commissioner Jozef Sikela visiting rare earth projects in Minas Gerais and emphasising sustainable processing and local value creation. The bloc is advancing purchase agreements and technology transfers with countries including Brazil, the Democratic Republic of Congo and Zambia, while political scientist Gaylor Montmasson-Clair says intensifying rivalry among China, the US and Europe is strengthening African producers' negotiating position to demand more value from copper and other strategic minerals.
Energy Fuels acquires German magnet maker in $1.9-billion mine-to-magnet dealColorado-based Energy Fuels has agreed to acquire German magnet manufacturer Vacuumschmelze for about $1.9-billion in cash and stock, creating an integrated rare earth supply chain from mine to finished magnet for defence, automotive and technology customers. The deal, expected to close in early 2027, follows a conditional $725-million loan commitment from the US Office of Strategic Capital and reflects efforts by the US and Europe to reduce dependence on China, which dominates global rare earth mining, processing and magnet manufacturing.
Electricity demand set to outpace economic growth as investment reshapes energy systemsGlobal electricity demand is projected to grow at least two-and-a-half times as fast as overall energy demand to 2030, with electricity-related spending constituting almost 60% of all global energy investments, according to the International Energy Agency. Advanced economies are seeing accelerating demand driven by data centres, AI and electric vehicles, while electrification investment is growing by about 15% year-on-year and renewable sources and nuclear met nearly 60% of all growth in energy demand in 2025.
Europe Updates
Market research and analysis company BMI has lowered its 2026 forecast for the global steel price slightly to $620/t, down from $625/t in its previous forecast, owing to weaker expected steel...
London-listed lithium developer Savannah Resources is pursuing a secondary listing in Lisbon or Australia to tap growing investor appetite for battery materials. The company, with a project in...
The EU Drinking Water Directive introduces harmonised rules for materials and products that come into contact with drinking water, and is set to come into effect on December 31, 2026, plastic pipe...
By: Rohit Chashta - Sustainability Business Lead, Africa, SE Advisory Services at Schneider Electric South African organisations’ broad environmental obligations have evolved into a number...
Dubai's commodities exchange will launch a same-day settlement gold contract on Monday, its CEO told Reuters, aiming to tap safe-haven demand and faster trading infrastructure to boost liquidity in...
Colorado-based Energy Fuels said on Tuesday it would acquire German magnet manufacturer Vacuumschmelze for about $1.9-billion in cash and stock, building an integrated supply chain from rare earth...
The EU is turning to Brazil as a strategic partner in its push to diversify its critical mineral supplies, offering a deal that it says will be beneficial to Brazil's development goals, EU...
Global electricity demand is set to outpace economic growth as part of a broader trend up to 2030, with electricity consumption projected to grow at least two-and-a-half times as fast as overall...
The most persistently bullish part of the commodities sector in recent years has been metals associated with the energy transition, such as copper, lithium and rare earth elements. Iron-ore miners...
By: Rohit Chashta - Sustainability Business Lead, Africa, SE Advisory Services at Schneider Electric South African organisations’ broad environmental obligations have evolved into a number of...
The intensifying competition among China, the US and Europe to secure future copper supplies is strengthening the negotiating position of African producer countries, creating an opportunity to...
Africa's renewable energy transition is most often framed in terms of capital: how much has been committed, how much more is needed, and what financing structures might bridge the gap. That framing...
By: Johan Potgieter - Cluster Industrial Software Lead at Schneider Electric Large infrastructure projects have a stubborn reputation. Globally, major capital works such as transport corridors,...
SLR Consulting business development director for the Middle East Andrew Burrow speaks to Engineering News at the Africa Energy Forum in Cape Town about opportunities and challenges in the energy...
In a year where change is proving to be rapid and consequential, the major upcoming Shanghai Platinum Week is bound to connect key trends across the platinum group metals (PGMs) value chain as it...
Trade, Industry and Competition Minister Parks Tau says the themes of decarbonisation, diversification, and digitalisation will now anchor South Africa’s Industrial Development Strategy, following...
The global exterior insulation and finish system (EIFS) market is projected to grow at a compound annual growth rate of 10.30% from 2025 to 2032, reaching a valuation of about $240.3-billion by...
London-listed Pensana has achieved progress on construction of the Longonjo mine, in Angola. The $250-million development is on target and on budget for first mixed rare earth carbonite (MREC)...
Conflict in the Middle East was having a substantial effect on the airline industry, worldwide, the International Air Transport Association (IATA) has reported, in its latest financial outlook...
BMW is rolling out a pilot project to deploy humanoid robots at its Leipzig plant, in Germany. This follows the completion of the first pilot deployment of humanoid robots at the BMW Spartanburg...
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