News in Numbers

The European Commission has selected 46 strategic projects across 16 EU Member States to strengthen critical raw material supply, covering 15 of the bloc’s 17 strategic materials.

Westwin Elements plans to invest $502m in a Mississippi Class 1 nickel refinery, targeting annual production of 18,000 tonnes from 2029.

Greenland has approved Critical Metals’ Tanbreez mining and closure plans through September 2050, covering extraction of 19 critical elements.

Barrick Mining has secured a 15-year licence renewal for Tanzania’s North Mara gold mine, extending operations at a site employing predominantly Tanzanian nationals.

US tungsten alloy supplier Elmet Group has agreed to acquire a 4.99% stake in Vietnam’s Masan High-Tech Materials, at an implied equity valuation of $2.5bn.