Latest news with #mineraldeals
E&E News
8 hours ago
- Business
- E&E News
Senator blasts discrepancies around Trump deals ahead of trade deadline
A top Senate Democrat is warning that confusion and discrepancies loom over President Donald Trump's mineral deals with countries like Indonesia ahead of the White House's Friday trade deadline. Sen. Catherine Cortez Masto of Nevada in a letter to Trump's top trade official on Thursday said Indonesian officials appear to be refuting White House assertions the country will raise restrictions on critical minerals, throwing into question the president's assertions around his success in hammering out trade deals. The White House asserted in a fact sheet that Indonesia would lift a ban on mineral exports as a condition of $50 billion deal that Trump forged with the nation's leaders. The announcement was significant given Indonesia is the world's largest producer of nickel, a key ingredient in stainless steel, alloys and electric vehicle batteries. Today, the U.S. has just one operating nickel mine in Michigan. Advertisement 'Indonesian officials are now saying that they made no such commitment,' Cortez told U.S. Trade Representative Jamieson Greer.
Bloomberg
17-07-2025
- Business
- Bloomberg
Special Forces Veterans Lead US Bid to Buy Congo Cobalt Miner
A US consortium involving ex-special forces personnel is seeking to acquire Chemaf Resources Ltd., a copper and cobalt producer that has become a symbol of the growing competition for mineral deals between the US and China in the Democratic Republic of Congo. Orion Resource Partners and Virtus Minerals are jointly negotiating the purchase of Chemaf, according to people familiar with the matter. While the US firms are in pole position to acquire Trafigura Group -backed Chemaf, the parties haven't entered into an exclusivity agreement as aspects of the deal are yet to be finalized, one of the people said, asking not to be identified as the talks are private.
