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2 clusters · 5 sources · 26 days · First seen · Last updated

Global critical minerals supply chain developments

Overview

Developments in the critical minerals sector involve both large-scale strategic stockpiling initiatives and specific project financing.

In the United States, Glencore has joined Project Vault, a $12 billion public-private initiative led by the US Export-Import Bank (EXIM). The program aims to create a roughly 60-day buffer of essential materials, such as cobalt, to protect domestic manufacturers from global supply shocks and reduce reliance on Chinese-dominated refining. Glencore has committed $500 million to the partnership managing the sourcing.

In Australia, Critical Minerals Group has launched a capital raise of up to $2.05 million to fund a Definitive Feasibility Study for the Lindfield Vanadium Project in Queensland. The project seeks to develop an integrated vanadium supply chain to support the market for vanadium flow batteries and long-duration energy storage.

Entities

Project Vault · Glencore · Gerhard Redelinghuys · Bowen Coking Coal Limited · Lindfield Vanadium Project

Timeline

  1. [BUSINESS] 3 sources
    Critical Minerals Group launches $2.05M capital raise for vanadium project

    Critical Minerals Group is raising up to $2.05 million to fund a feasibility study for its Lindfield Vanadium Project in Queensland, targeting the energy storage market.

  2. [BUSINESS] 2 sources
    Glencore joins $12 billion US critical minerals stockpile initiative

    Glencore has joined Project Vault, a $12 billion US initiative to stockpile critical minerals like cobalt, aiming to secure domestic supply chains and reduce reliance on Chinese refining.

Sources

cryptobriefing.com · finnewsnetwork.com.au · oilprice.com · sharecafe.com.au · smallcaps.com.au