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Elmet Group wins $2 billion US tungsten stockpile contract

Elmet Group wins $2 billion US tungsten stockpile contract

Sept 14 (Reuters) - Elmet Group said on Monday one of its units had been awarded a contract worth about $2 billion by the U.S. Defense Logistics Agency (DLA) to help rebuild the National Defense Stockpile and strengthen the country's tungsten supply chain.

House Panel Examines U.S. Dependence on China for Critical Minerals; Donald Trump Jr.'s Firm Under Scrutiny

House Panel Examines U.S. Dependence on China for Critical Minerals; Donald Trump Jr.'s Firm Under Scrutiny

The House Ways and Means Committee recently held a hearing to address the U.S.'s reliance on China for critical minerals, which are essential for various products from smartphones to military equipment. China currently dominates the production or processing of 30 out of 60 critical minerals designated by the U.S., controlling approximately 90% of global rare earth processing capacity. The Trump administration has prioritized securing critical mineral supply chains since January 2025, signing executive orders to accelerate permitting and expand domestic mineral production. Project Vault, a strategic critical minerals reserve backed by $10 billion from the Export-Import Bank and nearly $2 billion in private financing, was announced in February. Secretary of State Marco Rubio also convened the Critical Minerals Ministerial, establishing the Forum on Resource Geostrategic Engagement (FORGE) for international cooperation. Donald Trump Jr.'s venture capital firm, 1789 Capital, has invested in Vulcan Elements, a ...

U.S. Government and Allies Invest Billions to Secure Ex-China Rare Earth Supply Chains

U.S. Government and Allies Invest Billions to Secure Ex-China Rare Earth Supply Chains

U.S. Government and Allies Invest Billions to Secure Ex-China Rare Earth Supply Chains

U.S. Faces Significant Challenges in Rare Earth Production Dominance Amidst China's Supply Chain Control

U.S. Faces Significant Challenges in Rare Earth Production Dominance Amidst China's Supply Chain Control

U.S. Faces Significant Challenges in Rare Earth Production Dominance Amidst China's Supply Chain Control

Okinawa election win may give Tokyo freer hand on military build-up

Okinawa election win may give Tokyo freer hand on military build-up

TOKYO, Sept 14 (Reuters) - A candidate backed by Japanese Prime Minister Sanae Takaichi's government won Okinawa's gubernatorial election on Sunday, ousting an opponent of Tokyo's military build-up across the strategically important island chain near Taiwan and China.

Iran and UAE back joint BRICS statement urging restraint in war

Iran and UAE back joint BRICS statement urging restraint in war

By Sarita Chaganti Singh, Shivangi Acharya and Saurabh Sharma NEW DELHI, Sept 12 (Reuters) - Iran and the United Arab Emirates signed up to a joint statement from the BRICS group of nations that called for restraint in the Middle East war on Saturday, in what was seen as a sign of diplomatic

Carney pitches Canada to global investors as Trump tries to pull investment south

Carney pitches Canada to global investors as Trump tries to pull investment south

Canadian Prime Minister Mark Carney is courting some of the world’s biggest investors as he tries to reduce Canada’s economic dependence on the United States during an escalating trade war with President Donald Trump

Rugby-Rugby facing uphill battle for American attention

Rugby-Rugby facing uphill battle for American attention

By Frank Pingue Sept 11 (Reuters) - Rugby players may be muscular, broad-shouldered athletes built to be seen, yet some of the sport's biggest stars barely turned any heads as they walked around Baltimore, Maryland this week.

BRICS agrees on joint declaration before New Delhi summit, sources say

BRICS agrees on joint declaration before New Delhi summit, sources say

By Sarita Chaganti Singh, Shivangi Acharya and Saurabh Sharma NEW DELHI, Sept 12 (Reuters) - The BRICS group of emerging economies has agreed on a joint declaration, sources told Reuters on Saturday, hours before its leaders began a summit in New Delhi, aiming to boost the bloc's global clout.

BRICS agrees to joint declaration in test of unity despite Mideast tensions

BRICS agrees to joint declaration in test of unity despite Mideast tensions

By Sarita Chaganti Singh, Shivangi Acharya and Saurabh Sharma NEW DELHI, Sept 12 (Reuters) - The BRICS group of emerging economies has agreed on a joint declaration, sources told Reuters on Saturday, a significant diplomatic breakthrough as its leaders began summit talks in New Delhi, aiming to

BRICS adopts joint declaration, urges 'maximum restraint' in Mideast

BRICS adopts joint declaration, urges 'maximum restraint' in Mideast

By Sarita Chaganti Singh NEW DELHI, Sept 12 (Reuters) - The BRICS group of nations unanimously adopted a joint declaration on Saturday, expressing "deep concern" over the war in the Middle East and urged maximum restraint, advocating for a "multilateral approach" that respects national viewpoints.

Canadian boycott of US products pushes grocers to adapt, explore new supply sources

Canadian boycott of US products pushes grocers to adapt, explore new supply sources

By Nivedita Balu TORONTO, Sept 12 (Reuters) - A growing consumer push to buy Canadian and boycott U.S. products is reshaping supermarket shelves in Canada, forcing grocers to improve country-of-origin labeling and secure new sources of supply.