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Mineral demand surges as mines struggle

Metal Tech News - April 29, 2024

Despite rising EV sales, miners are unable to finance projects for battery metals.

Amidst a green tech boom, fierce global competition is pushing down company margins, and a surprising number of mining industry leaders, like Albemarle, First Quantum Minerals, Glencore, and BHP, are cutting budgets, lowering dividends, and laying off workers. In the U.S., where the Biden administration is pushing t...

 

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