Washington, March 31 (IANS) US Trade Representative Jamieson Greer said on Tuesday that the US is largely shielded from supply chain disruptions stemming from tensions in the Strait of Hormuz, but these disruptions are impacting key Asian economies. “Right now, I think the thing to understand is that the United States is generally insulated from a lot of the supply chain effects when it comes to… direct commodities,” Greer told Bloomberg in an interview, noting reliance on “domestic sourcing” …
Latest Rare Earths News & Updates
Seoul, March 31 (IANS) The Ministry of Trade, Industry and Resources said on Tuesday it has allocated 924.1 billion won ($609 million) in a supplementary budget to respond to the Mideast crisis amid disruptions in energy and industrial supply chains.The announcement came after the Cabinet, chaired by President Lee Jae Myung, approved a government bill for a 26.2 trillion-won supplementary budget aimed at tackling difficulties stemming from the escalating conflict in the Middle East and revamping…
Tokyo, March 18 (IANS) Japanese Prime Minister Sanae Takaichi will depart for Washington on Wednesday night on a three-day visit during which she is set to hold talks with US President Donald Trump with a goal to cement her standing as US’ indispensable partner in Asia, local media reported. It will be Takaichi’s first visit to the US since she took office in October and her first overseas trip since her Liberal Democratic Party (LDP) secured win in the House of Representatives election held on …
New Delhi, Feb 11 (IANS) The Bharatiya Janata Party (BJP) on Wednesday launched a forceful counter of Leader of Opposition (LoP) Rahul Gandhi’s litany of charges, including selling out the nation, surrendering before foreign forces and compromising India’s interests. From BJP spokespersons to Union Ministers, the party has put out facts to puncture Rahul’s claims. BJP’s chief spokesperson and Lok Sabha MP Anil Baluni took to X to share a point-by-point rebuttal of Rahul Gandhi’s baseless…
New Delhi, Feb 7 (IANS) The Donald Trump administration has unveiled ‘Project Vault,’ a $12 billion critical mineral reserve building exercise to challenge China’s dominance, which includes a $1.3 billion investment in Reko Diq mines in Balochistan.This is the only international project financed under the initiative, operated under the Export-Import Bank (EXIM).Reko Diq contains some of the world’s largest untapped copper and gold deposits. As per industry estimates, the site’s reserve…
Washington, Feb 5 (IANS) South Korea will lead a new multinational initiative, launched under a US push to beef up cooperation with allies on critical minerals supply chains, through June, the State Department said, as Washington steps up efforts to counter China’s formidable clout over key resources.The department made the announcement on Seoul’s role for FORGE, or Forum on Resource Geostrategic Engagement, after the inaugural Critical Minerals Ministerial, a meeting aimed at reinforcing and di…
New Delhi, Feb 1 (IANS) Finance Minister Nirmala Sitharaman on Sunday unveiled a significant initiative designed to reshape India’s engagement with critical minerals. During her budget presentation in the Lok Sabha, she announced that the government will extend support to the mineral-rich states of Odisha, Kerala, Andhra Pradesh, and Tamil Nadu in establishing specialised rare earth corridors. These corridors are intended to serve as all-encompassing hubs that will cover the complete value cha…