Australia's only silicon manufacturer, Simcoa, will exit the United States after the Trump administration imposed heavy new tariffs on silicon metal imported from Australia, leading to a roughly 40 per cent additional levy.
President Lee Jae Myung concluded a trip to the U.S. and South America, focusing on AI cooperation with U.S. tech giants like Nvidia in San Francisco and securing critical minerals with Brazil, Chile, and Argentina. The tour aimed to bolster South Korea's AI semiconductor hub vision and diversify mineral supplies.
President Lee Jae Myung concluded his visit to Argentina, agreeing with President Javier Milei to boost cooperation on critical minerals, including lithium, and South Korea's crude oil imports from Argentina. They also pledged to resume FTA talks with Mercosur.
South Korea and Argentina agreed to strengthen cooperation on critical minerals, including lithium, and energy, with an MOU signed during a summit between Presidents Lee Jae Myung and Javier Milei in Buenos Aires. They also finalized a double taxation avoidance agreement.
South Korea and Argentina agreed to strengthen cooperation on critical minerals, including joint lithium projects, and to resume FTA negotiations with Mercosur. The agreement was reached during a summit between Presidents Lee Jae Myung and Javier Milei in Buenos Aires.
South Korean President Lee Jae Myung held summit talks with Argentine President Javier Milei in Buenos Aires, focusing on cooperation in critical mineral supply chains, energy, food, and the potential resumption of trade agreement negotiations with the Mercosur bloc.
Sweden announced plans to significantly boost its mining sector, particularly for rare earths, by declaring critical metal extraction a national security interest. This strategy aims to streamline permit processes and attract investment to counter European dependence on China, though it raises concerns for the Sami reindeer-herding indigenous people.
US Trade Representative Jamieson Greer stated that the US is not receiving sufficient critical mineral exports from China despite ongoing high-level talks. He emphasized US leverage and efforts to boost domestic production to reduce dependency.
WTO Director-General Ngozi Okonjo-Iweala warned the UN Security Council that surging global demand for critical minerals risks fueling conflict and poverty in resource-rich nations, urging them to leverage their wealth for local processing and economic transformation.
US President Donald Trump signed an executive order to reduce dependence on China for defense-related critical minerals, directing military contractors to shift supply chains away from Beijing-linked sources by January 2027, citing national security in an era of great power competition.
US President Donald Trump imposed additional 50% import tariffs on a range of Canadian goods, including wine, hockey sticks, and cement, effective 30 days after signing. The White House stated these tariffs are in response to Canada's "discriminatory treatment of American products."
India and Australia signed a landmark civil nuclear agreement for commercial uranium supplies, alongside deals on defense, maritime security, critical minerals, and emerging technologies. Prime Ministers Modi and Albanese unveiled joint declarations and roadmaps to strengthen cooperation in a free and stable Indo-Pacific.
India, Australia, and Canada have signed the Australia–Canada–India Technology and Innovation (ACITI) Partnership MOU to boost collaboration in critical and emerging technologies. The agreement focuses on green energy, resilient supply chains, and critical minerals, supporting net-zero goals and AI adoption. Additionally, India and Australia finalized arrangements for Australian uranium exports to India for peaceful nuclear purposes.
PM Narendra Modi urged Australian businesses to invest in India during his visit, highlighting its growth story and potential in sectors like clean energy and infrastructure. Discussions focused on expanding cooperation, with AustralianSuper announcing a AUD 500 million investment in India's NIIF.
South Korean President Lee Jae Myung and Canadian Prime Minister Mark Carney agreed Tuesday to enhance cooperation in defense and critical minerals during talks on the sidelines of the NATO summit in Ankara. The discussion followed Canada's selection of a German firm for a submarine project, which South Korea had also bid for.
India and Indonesia have agreed to cooperate on the BrahMos missile system and air-to-air missile technology. The deals were announced following a meeting between Indian Prime Minister Modi and Indonesian Defense Minister Prabowo, highlighting growing trust and collaboration in defense, security, and maritime affairs.
India and Indonesia are enhancing bilateral cooperation across defence, trade, technology, maritime security, and cultural exchanges. Prime Minister Narendra Modi and President Prabowo Subianto held talks in Jakarta, announcing eight agreements and MOUs to deepen ties in strategic sectors.
PM Narendra Modi's visit to Indonesia (July 6-8) aims for strategic outcomes including defence pacts, critical mineral investments, and maritime infrastructure development. Agreements are expected on Astra missiles, BrahMos missile support, and Indonesia-specific EVMs, alongside joint development of Sabang Port.
Prime Minister Narendra Modi arrived in Indonesia for a state visit, met by President Prabowo Subianto. The visit, from July 6-8, aims to strengthen the Comprehensive Strategic Partnership, focusing on defense, maritime cooperation, and critical minerals trade.
Prime Minister Narendra Modi's visit to Australia may result in a uranium supply agreement, strengthening India's nuclear power fuel sources. Discussions will also cover critical minerals, cybersecurity, and clean energy, building on existing trade pacts and growing bilateral trade.
Prime Minister Narendra Modi is on a six-day visit to Indonesia, Australia, and New Zealand to bolster India's Act East Policy and Indo-Pacific vision. Key agendas include defense capacity-building, critical mineral cooperation, digital payment integration with Indonesia, and strengthening strategic partnerships with Australia and New Zealand.
Queensland faces potential taxpayer burden for abandoned mine cleanups if rehabilitation laws are weakened. Critics warn smaller companies may default, leaving environmental damage and costs to the public, while industry advocates seek reduced investment barriers.
Japanese Prime Minister Sanae Takaichi arrived in New Delhi for a three-day official visit, set to meet PM Narendra Modi to discuss economic security, supply chains, and regional issues. The visit aims to strengthen cooperation between the two nations.
India and Japan are set to sign an agreement to enhance LNG supply security and strengthen economic ties during PM Modi and PM Takaichi's summit in India. Discussions will cover critical minerals, AI, semiconductors, and regional geopolitics, with Japan planning significant investments.
