American aerospace and defense corporation Lockheed Martin and fellow American chipmaker GlobalFoundries have announced a strategic partnership to secure a domestic supply chain for chips in national defense systems. The two companies will expand on GlobalFoundries technologies to advance chip production in the U.S.
Big Four accounting firm PricewaterhouseCoopers has published the 2023 edition of its annual review of the world’s largest mining companies, Mine. In the report, PwC argues that the advent of critical minerals presents significant changes to the mining industry. Additional challenges are government interest in supply chains and critical minerals, decarbonization efforts, and a tech skill shortage.
Anglo-Australian mining giant Rio Tinto and China Baowu, the world’s largest steel producer will explore multiple projects in China and Australia together that will help decarbonize the steel value chain, according to a joint press release.
U.S. President Biden and U.K. Prime Minister Sunak have announced a new framework for a trans-Atlantic economic partnership in the twenty-first century. The hence-named “Atlantic Declaration” is set to provide the foundation for increased cooperation in fields like clean energy, artificial intelligence, and critical minerals.
The UAE-government-owned renewable energy company Masdar has along with two renewable development firms signed an agreement with Egypt’s New and Renewable Energy Authority to secure land to build a 10-gigawatt capacity onshore wind farm in Egypt. The project is set to aid the northeast African country to reach its goal of achieving 42 percent of its electricity from renewable sources by 2030.
The Biden-Harris Administration yesterday released the U.S. National Clean Hydrogen Strategy and Roadmap, aiming to produce 50 million metric tons of clean hydrogen fuel by 2050. The program is expected to add up to 100,000 jobs to the growing domestic hydrogen economy by 2030.
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