Inaugural Meeting of Canada-U.S. Energy Task Force Concluded
Secure supply chains central to joint commitments to clean energy and electrification of economies.
Inaugural Meeting of Canada-U.S. Energy Task Force Concluded
Brian Hendrich
Japan and S. Korea Announce Resumption of Finance Ministers’ Meeting
Japan and S. Korea Announce Resumption of Finance Ministers’ Meeting
The announcement comes ahead of the first visit to South Korea by a Japanese premier since 2018. The two neighbors aim to normalize relations and agree to resume economic cooperation.
Rio Tinto Expands Rare Earths Branch
Rio Tinto Expands Rare Earths Branch
The Anglo-Australian metals and mining corporation will acquire the high-grade scandium resource Platina Scandium Project in New South Wales from Platina Resources Limited for $14 million.
Inflation Reduction Act of 2022
Inflation Reduction Act of 2022
The act is aimed to curb inflation and promote clean energy projects in the U.S.
U.S. Increases Efforts to Boost Domestic Rare Earth Magnet Production
U.S. Increases Efforts to Boost Domestic Rare Earth Magnet Production
The Rare Earth Magnet Manufacturing Production Tax Credit Act incentivizes the domestic production of rare earth magnets used, for example, in wind turbines.
GM and Samsung SDI to Announce Joint EV Battery Plant in the U.S.
GM and Samsung SDI to Announce Joint EV Battery Plant in the U.S.
This would be the fourth planned venture into electromobility by the American automaker and a step towards its goal of producing 1 million electric vehicles annually by 2025.