A packed week with news from around the globe ends. China reported the second batch of export data while officials of the People’s Republic inked a deal with Turkey to cooperate in mining-related fields. Meanwhile, Mexico considers tax incentives to attract foreign companies in an effort to position itself as a manufacturing hub in North America—the details in our roundup.
China Exported More Germanium, Less Gallium in September
After two strong months, the export of gallium from China significantly declined in September, latest figures from the Chinese customs authority show. A total of 6,070 kilos of the metal essential for numerous high-tech applications was exported last month, with Germany being the leading destination. Exports of germanium rose, on the other hand.
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China and Turkey Join Forces on Mining, Focus on Critical Minerals
China and the Republic of Türkiye signed a Memorandum of Understanding to cooperate in all areas related to mining with a focus on critical minerals. The deal was inked by the Turkish energy and resource minister and his Chinese counterpart. Under the agreement, the two sides seek to expand their partnership in the mining industry and explore cooperation in Turkish critical mineral projects.
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EVs, Batteries, Chips: Mexico Considers Tax Incentives to Attract Foreign Companies
The Mexican government mulls tax credits to attract foreign companies to the country, Deputy Foreign Trade Minister Romano told Reuters. The measure would specifically target high-tech industries such as electric vehicles, batteries, or semiconductors, as well as companies within the rare earth sector.
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US: $430 Million to Boost Clean Energy Manufacturing in Former Coal Communities
The US Department of Energy announced that it will allocate $430 million to 14 clean energy projects in former coal communities across the country. The selected companies focus on areas like the production of grid components, batteries, solar goods, and energy efficiency products, as well as recycling.
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The U.S. Floats Joint Marketplace for Metals and Minerals
The United States, in collaboration with allied nations, is working to establish an international marketplace for metals and minerals essential to the energy transition. National Security Advisor Jake Sullivan announced this during an event at the Brookings Institution, a prominent think tank based in Washington. He added that progress could be made in the coming weeks.
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