Australian Government Tightens Scrutiny on Chinese Investors in Critical Minerals Project

According to foreign media reports, Ontario Premier Doug Ford threatened to cut off electricity and critical minerals supplies to the US in response to the US threat to impose new tariffs on Canadian automobiles and steel. In an interview with the Associated Press, Ford said that if the trade war with the US escalated, he would cut off Ontario’s exports of electricity and critical minerals to the US. About 6% of electricity used in the US state of Michigan comes from Ontario. Four cross-border transmission lines connect Michigan and Ontario, with a total transmission capacity of 2,000 megawatts (MW).

[Pr-Nd Oxide Saw a Slight Correction in the Afternoon; Medium-Heavy Rare Earth Dysprosium and Terbium Continued to Strengthen; Metals Fell in Tandem, with Transactions in Stalemate] At present, the supply of rare earth ion-adsorption ore in Southeast Asia has declined slightly compared with the earlier period, and oxide prices have begun to rise, while overall transaction prices for rare earth ore have started to edge up slightly.

The launch event for the "Three Firsts" project of Bao Gang rare earth automotive steel was held at the Bao Gang Science and Technology Business Exchange Center. This is an important achievement of the deepened industry chain collaboration between Bao Gang United Steel and China FAW, marking a new stage of integrated "production, sales, R&D, and application" cooperation between the two sides. The event systematically introduced the R&D system, performance advantages, and "Three Firsts" technical highlights of Bao Gang United Steel's rare earth automotive steel, and the attending guests jointly unveiled the project.