Top Stories for Jan. 3, 2024:
Ivanhoe Electric’s Executive Chairman, Robert Friedland, is slated to deliver a keynote presentation at the Future Minerals Forum at the King Abdulaziz International Conference Center in Riyadh, Saudi Arabia. Additionally, President and Chief Executive Officer Taylor Melvin will participate in a panel discussion focusing on the development of a resilient mineral supply roadmap.
Furthermore, Ivanhoe Electric’s Typhoon geophysical surveying system will be displayed and utilized during the forum in support of its joint venture with Saudi Arabian Mining Company Ma’aden.
Cleveland-Cliffs Inc., the largest flat-rolled steel producer in North America, announced an upward revision of spot market base prices for its carbon hot-rolled, cold-rolled, and coated steel products.
Moreover, Olympic Steel Inc. has promoted Zachary J. Siegal to the newly-established role of president of Manufactured Metal Products, where he will lead the company’s Manufactured Metal Products business group.
Finally, TMC The Metals Company Inc., which is focused on exploring untapped sources of critical battery metals, has shown support for the 2024 National Defense Authorization Act, signed into law by President Joe Biden.
The act requires the Department of Defense to assess the processing of seafloor polymetallic nodules as a potential source of essential battery metals and submit a report by March 1, 2024.
This action is a response to Congressional calls for strengthening the supply chains of rare earth and critical minerals, crucial for American auto and battery industries under the Inflation Reduction Act.
Now Read: Fed Minutes Suggest Interest Rates Are At Cycle’s Peak, But Put Imminent Cuts In Doubt
Photo: Shutterstock
