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CRML and Romania Form Joint Venture to Strengthen European Rare Earth Supply Chain

CRML and Romania Form Joint Venture to Strengthen European Rare Earth Supply Chain

Critical Metals (CRML) has entered into a joint venture with Romania's state-owned entity to establish a fully integrated rare earth supply chain in Europe. This partnership aims to create a mine-to-processing operation to secure rare earth materials for European manufacturing and national security sectors. The initiative challenges China's dominance in global rare earth processing, as China currently controls a significant portion of the market. The joint venture will focus on producing aerospace and military-grade magnets, enhancing stability for European industries.

Magnitude 7.5 Earthquake in Japan Triggers Tsunami Warnings and Mass Evacuations

Magnitude 7.5 Earthquake in Japan Triggers Tsunami Warnings and Mass Evacuations

A magnitude 7.5 earthquake struck northern Japan, prompting authorities to issue tsunami warnings and urge nearly 100,000 residents to evacuate to higher ground. The earthquake's epicenter was located off the coast, and the tremors were felt across a wide area, causing significant concern among local populations. Emergency services have been mobilized to assist with evacuations and to ensure the safety of those in affected areas. The Japanese government is closely monitoring the situation and has activated disaster response protocols to manage the potential impact of the tsunami and any aftershocks that may follow.

Airlines Warn of Challenges in Meeting Green Jet Fuel Goals

Airlines Warn of Challenges in Meeting Green Jet Fuel Goals

Airline leaders are expressing concerns over the challenges in meeting sustainable aviation fuel (SAF) goals, particularly due to government policies in Europe. These policies are reportedly stalling SAF production and increasing costs, with Europe and the U.S. experiencing declines in projected SAF capacity. The International Air Transport Association has criticized Europe's fragmented policies, which are seen as distorting markets and slowing investment. The situation poses a risk to the aviation industry's decarbonization strategy, with SAF production expected to fall short of earlier forecasts.

CRML and Romania Establish Joint Venture to Develop European Rare Earth Supply Chain

CRML and Romania Establish Joint Venture to Develop European Rare Earth Supply Chain

Critical Metals (CRML) has entered into a 50/50 joint venture with Romania's state-owned Fabrica de Prelucrare a Concentratelor de Uraniu (FPCU) to create a fully integrated European rare earth supply chain. This initiative aims to secure rare earth materials for European manufacturing and national security sectors. Under the agreement, CRML will have long-term offtake rights to 50% of the Tanbreez concentrate output and plans to develop a rare earth processing facility in Romania. This move challenges China's dominance in global rare earth processing, as China currently controls about 80% of this market. The facility will produce aerospace and military-grade magnets, enhancing stability for European industries.

Airlines Warn of Challenges in Meeting Green Jet Fuel Goals Due to European Policies

Airlines Warn of Challenges in Meeting Green Jet Fuel Goals Due to European Policies

Airlines Warn of Challenges in Meeting Green Jet Fuel Goals Due to European Policies

Canada's Air Transat, pilots' union reach tentative deal to avert strike

Canada's Air Transat, pilots' union reach tentative deal to avert strike

MONTREAL, Dec 9 (Reuters) - Canadian leisure carrier Air Transat and its pilots' union said on Tuesday they had reached a tentative deal that promised higher pay and better working conditions, averting a potential strike and allowing operations to return to normal.

Japan's Cybersecurity Lag Raises Concerns Amid Rising Cyber Threats

Japan's Cybersecurity Lag Raises Concerns Amid Rising Cyber Threats

Japan's National Cyber Director, Yoichi Iida, has highlighted the country's lag in cybersecurity compared to the United States and Europe. Speaking at the CYDEF 2025 conference in Tokyo, Iida emphasized the need for significant improvements across Japan's corporate sector to defend against increasing cyber threats. Recent cyberattacks, including a ransomware attack on Asahi Group Holdings Ltd. and a breach at Askul Corp., have exposed vulnerabilities in Japan's cybersecurity infrastructure. Iida noted that smaller companies are particularly vulnerable due to limited resources, but larger firms are also at risk. Japan has recently adopted an 'active cyber-defense' law to enhance its cybersecurity measures, aiming to reach the standards of advanced Western nations. The law allows authorities to neutralize sources of cyber threats and publicize information about attackers to deter further activity.

Philippines Expands MRO Capacity Amid Booming Airline Sector

Philippines Expands MRO Capacity Amid Booming Airline Sector

The Philippines is experiencing a significant increase in demand for Maintenance, Repair, and Overhaul (MRO) services due to its rapidly growing airline sector. The Civil Aviation Authority of the Philippines has reported an increase in the number of approved maintenance organizations (AMOs), with local AMOs rising by four to a total of 108, and foreign AMOs increasing from 122 to 136. Major airlines such as Cebu Pacific and Philippine Airlines (PAL) have seen substantial growth, with sales rising by 18% in the first nine months of 2025. Cebu Pacific, in particular, has reported a 37% increase in maintenance expenses, attributed to more extensive flight operations and fleet expansion. The airline is planning to expand its local capacity to accommodate its growing fleet. Aviation Week Network forecasts that the Philippines will generate nearly $7 billion in MRO demand over the next five years, with the market expected to grow at an annual rate of 6.4%.

Global pilots warn India's rest rule exemption for IndiGo raises safety concerns

Global pilots warn India's rest rule exemption for IndiGo raises safety concerns

By Allison Lampert Dec 9 (Reuters) - India's decision to ease stricter rules on pilot rest following a wave of flight cancellations by the country's largest carrier should be reversed due to the adverse effect of fatigue on safety, the head of global pilot union group IFALPA said.

Boeing deliveries fall 17% in November, trail Airbus

Boeing deliveries fall 17% in November, trail Airbus

SEATTLE, Dec 9 (Reuters) - Boeing delivered 44 new jets in November, down from 53 the prior month, the company said on Tuesday, lagging behind European rival Airbus which delivered 72 planes.

Record Fossil Fuel Emissions in 2025 Contribute to Second-Hottest Year on Record

Record Fossil Fuel Emissions in 2025 Contribute to Second-Hottest Year on Record

In 2025, global temperatures have continued to rise, making it the second-hottest year on record, following 2024. This increase in temperature is occurring despite the transition from the El Niño phase, which typically warms the planet, to the La Niña phase, which usually cools it. The European Union’s Copernicus Climate Change Service reports that the mean temperature for 2025 is 1.48°C above the preindustrial average. This warming trend is largely attributed to record levels of fossil fuel emissions, which have exacerbated extreme weather events worldwide. Notable incidents include a deadly heatwave in Europe, Hurricane Melissa in Jamaica, and severe storms in Southeast Asia. The report also highlights the alarming reduction in Arctic and Antarctic sea ice.

Boeing closes Spirit AeroSystems purchase in major supply chain realignment

Boeing closes Spirit AeroSystems purchase in major supply chain realignment

By Dan Catchpole SEATTLE, Dec 8 (Reuters) - Boeing said on Monday it has closed its $4.7 billion takeover of Spirit AeroSystems, reacquiring the bulk of the world's largest independent wing and fuselage maker. The U.S. planemaker's European rival Airbus acquired parts of Spirit in its supply chain.