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Financed by JPMorgan, Jointly Owned by US DoD Under the plan, the U.S. Department of Defense will hold a 40% stake in the JPM Financed smelter joint-venture. GFN – WASHINGTON: Korea Zinc plans a $7.4 billion investment to construct a large-scale non-ferrous metals smelter in Clarksville, Tennessee, a project U.S. officials say will materially expand domestic critical minerals processing capacity and strengthen supply chain security.1 The project, known as the “U.S. Smelter,” is expected to require approximately $6.6 billion in capital expenditures, with total investment reaching $7.4 billion including financing costs. It is being developed in coordination with the U.S....

Korea Zinc announced on Monday a $7.4 billion smelter project in Tennessee that will be backed by the U.S. government and which will lessen our reliance on China for critical minerals used in defense systems, electronics, and so much more that powers our modern world. Commerce Secretary Howard Lutnick took to X to laud the news: The tweet continues: Today, we announced a major investment with Korea Zinc to build a state-of-the-art critical minerals smelter and processing facility in Tennessee that will produce 540,000 tons per year of essential materials right here in America. He continued, listing a range of...

In a groundbreaking experiment, UNSW researchers successfully applied the Schrödinger’s cat concept using an antimony atom to enhance quantum computations. This method significantly improves the reliability of quantum data processing and error correction, potentially accelerating the advent of practical quantum computing.

Jan 3 (Reuters) - The Biden administration on Friday issued the final mining permit for Perpetua Resources' (PPTA.O), opens new tab Idaho antimony and gold project, a move aimed at spurring U.S. production of a critical mineral at the center of a widening trade war between Washington and Beijing. Permitting for the mine, backed by billionaire investor John Paulson, comes after Beijing last month blocked exports to the U.S. of antimony,... Perpetua's mine will supply more than 35% of America's annual antimony needs once it opens by 2028 and produce 450,000 ounces of gold each year,...The project has not won...

China announced Tuesday it is banning exports to the United States of gallium, germanium, antimony and other key high-tech materials with potential military applications, as a general principle, lashing back at U.S. limits on semiconductor-related exports. The Chinese Commerce Ministry announced the move after the Washington expanded its list of Chinese companies subject to export controls on computer chip-making equipment, software and high-bandwidth memory chips. Such chips are needed for advanced applications. The ratcheting up of trade restrictions comes as President-elect Donald Trump has been threatening to sharply raise tariffs on imports from China and other countries, potentially intensifying simmering...

China has banned exports to the United States of items related to the minerals gallium, germanium and antimony that have potential military applications, it said on Tuesday, a day after Washington’s latest crackdown on China’s chip sector.. A commerce ministry directive on dual-use items with both military and civilian applications cited national security concerns. The order, which takes immediate effect, also requires stricter review of end-usage for graphite items shipped to the U.S.. “In principle, the export of gallium, germanium, antimony, and superhard materials to the United States shall not be permitted,” the commerce ministry said. The curbs strengthen enforcement...

China is planning to restrict exports of a key mineral needed to make weapons while a U.S. company that could be reducing America’s reliance on foreign suppliers is languishing in red tape, energy experts told the Daily Caller News Foundation. The Chinese government announced on August 15 that it will restrict exports of antimony, a critical mineral that dominates the production of weapons globally and is essential for producing equipment like munitions, night vision goggles and bullets that are essential to national security, according to the Center for Strategic and International Studies (CSIS). Perpetua Resources, an American mining company, has...

Democrat Vice-Presidential candidate Tim Walz pulled over for drunk driving in 1996... The US Supreme Court rejecting a Biden Administration push to foist transgender policies on school in 10 Republican run states... In the Netherlands a shortage of the chemotherapy drug etoposide... A bloody brawl in Turkey's parliament... In Kerch, Russia a municipal emergency following a Ukrainian missile attack on the bridge to Crimea... Secretary of State Antony Blinken will be in Israel tomorrow seeking to advance... A French fighter jet participating in an air show crashed today... Israel ordering two evacuations of civilians today in Gaza in advance of...