As the United States seeks to reduce their reliance on Chinese raw materials and resources, Aussie mining company Lynas Rare Earths (ASX: LYC) has secured lucrative backing from the US Department of Defence to build a Rare Earths facility in Texas which will be critical in meeting demand for electric vehicles. The backing comes with
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Amid the electric vehicle boom and growing desire from US automakers to reduce reliance on China, battery minerals company Syrah Resources (ASX: SYR) has confirmed significantly lower operating costs to supply graphite from their US facility. The Bankable Feasibility Study (BFS) confirmed the business case for Syrah’s natural graphite Active Anode Material (AAM) production at
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Amid global interest in Rare Earths following President Trump’s desire to decentralise supply from China which dominates the market, Pensana Rare Earths (ASX: PM8) is preparing to establish a processing facility that would be the world’s first sustainable magnet metal supply chain. Specifically, a new UK facility would integrate Pensana’s Longonjo project in Angola which
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Shares in Piedmont Lithium (ASX, NASDAQ: PLL) have rocketed following confirmation the smallcap lithium explorer has secured Tesla Inc (NASDAQ: TSLA) as a flagship customer under a binding 5-year supply agreement. The agreement will see Piedmont supply spodumene concentrate (SP6) to Tesla from their North Carolina project and represents one-third of their planned 160,000 tonnes
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Tech and artificial intelligence company SenSen Networks (ASX: SNS) is poised to accelerate Australia’s transition towards driverless vehicles having commenced a collaboration with ACE Electric Vehicles Group to push Australia’s manufacturing capabilities. Specialising in smart city technology using multi-camera and multi-sensor data, SenSen already has significant AI on traffic data through their current capabilities which
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Following significant testing on their graphite to confirm its high-quality specifications, BlackEarth Minerals (ASX: BEM) has secured a Tier 1 offtake partner with top European refractory company RHI Magnesita (LSE: RHIM) entering a binding agreement to purchase BlackEarth’s graphite. The Memorandum of Understanding will see BlackEarth work closely with RHIM to produce “tailor-made” graphite concentrate
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