Canada fast-tracks LNG and mining projects to reshape its resource strategy

Canada fast-tracks

Canada fast-tracks LNG and mining projects as Ottawa launches a new tier of “National Interest Projects.” The first list includes LNG, nuclear, mining and port infrastructure that will receive accelerated permitting and financing support. As a result, Canada fast-tracks LNG and mining projects to revive growth, enhance energy security and pivot trade away from US dependence.

Canada fast-tracks LNG and mining projects with LNG Canada Phase 2 at the centre of the plan. The proposed second phase in British Columbia would double existing 14mn t/yr capacity if sanctioned. Therefore, Phase 2 would create one of the world’s largest LNG export facilities and strengthen Canada’s Pacific energy footprint. Prime minister Mark Carney frames these assets as “nation building” projects that can transform Canada into an energy superpower.

LNG, nuclear and port projects gain streamlined federal backing

The fast-track list extends beyond gas export capacity into nuclear and logistics infrastructure. The Darlington New Nuclear Project in Ontario, centred on small modular reactors, aims to provide firm low carbon power. Meanwhile, an expansion of the Port of Montreal container terminal will support higher trade volumes with “reliable” partners beyond the US. These projects anchor a broader strategy that links energy, trade and industrial policy.

Canada will use a new Major Projects Office to shepherd these investments through remaining approvals. The office will coordinate regulatory and permitting processes and help secure necessary financing. Therefore, projects on the “National Interest Projects” list can bypass some red tape that previously discouraged investors. Streamlined reviews must conclude within two years, a major change in a country known for slow project timelines.

Canada fast-tracks LNG and mining projects to support critical minerals and oil sands

Canada fast-tracks LNG and mining projects partly to strengthen critical minerals supply. Two western mining projects made the first list: an expansion at the Red Chris copper gold mine in British Columbia and the McIlvenna Bay Foran Copper Mine in Saskatchewan. These assets support copper demand from electrification, grids and data centres, while reinforcing Canada’s role in allied critical mineral supply chains.

Carbon capture plans also feature prominently in the next wave of projects. Carney highlighted the Pathways Alliance 22mn t/yr carbon capture and storage project for referral to the Major Projects Office. Pathways could link to a new pipeline serving multiple markets and underpin “enormous” emissions reductions. However, it would also facilitate new oil sands growth, tying climate strategy directly to hydrocarbon expansion.

Political dynamics around these decisions remain complex yet pragmatic. Alberta premier Danielle Smith described her recent meeting with Carney as “exceptionally productive” and urged Albertans to be patient. She claims “Albertans are finally being heard,” signalling provincial support if projects deliver tangible economic benefits. Meanwhile, Carney plans a second tranche of major projects by mid November, which could include additional energy and infrastructure schemes.

The Metalnomist Commentary

Canada’s move to fast-track LNG and mining projects shows how permitting reform, not only subsidies, now drives resource strategy. If the Major Projects Office delivers credible two year timelines, global capital may revisit Canadian LNG, nuclear and mining assets. Market participants should watch which projects enter the second tranche, since that list will reveal how aggressively Ottawa intends to balance hydrocarbons, critical minerals and climate goals.

China industrial energy storage surges as metallurgical plants seek reliable power

Metallurgical plants

China industrial energy storage is rapidly expanding as metallurgical and chemical plants pair rooftop solar with behind-the-meter batteries. China industrial energy storage is growing on the back of record solar additions and rising concerns over power curtailments. As a result, China industrial energy storage is emerging as a key pillar of corporate decarbonisation and energy security strategies.

Metallurgical users lead China industrial energy storage build-out

China’s installed solar capacity reached 1,130GW by the end of September, up 46pc year on year. Meanwhile, user-side energy storage additions hit 0.24GW and 0.49GWh that month, still modest but growing quickly. Industrial and commercial customers accounted for more than 95pc of these user-side systems, underlining where the strongest business case now lies.

Projects from metallurgy, chemical and textile companies made up 73pc of new user-side capacity. This confirms that carbon reduction and power reliability are now core drivers of China industrial energy storage. Heavy users are installing co-located solar PV and batteries to cut emissions, stabilise operations and hedge against grid disruptions. For metals producers, such systems can protect continuous furnaces and electro-intensive processes from costly outages.

LFP batteries dominated the new capacity, accounting for 99.96pc of installations. However, a 90kW, 180kWh sodium-ion system also came online for an industrial user, signalling gradual diversification. Behind-the-meter solar-plus-storage projects allow factories to maximise on-site solar output and store surplus for peak hours. They also reduce exposure to curtailment and potential policy shifts in grid pricing.

Regional hotspots and scaling trajectory for China industrial energy storage

User-side energy storage growth is highly regional. Fifteen provinces commissioned new projects in September, with eastern hubs leading activity. Eastern China represented 71pc of new capacity and 43pc of project numbers, reflecting dense industrial clusters and stronger grid constraints. Jiangsu contributed nearly half of national new capacity, while Zhejiang led on project count with more than 20pc.

Zhejiang, Guangdong and Jiangsu together recorded more than 740 new user-side projects. Project numbers declined by 9pc year on year, yet total capacity jumped 68pc. This shift shows a clear move toward larger, higher-capacity China industrial energy storage systems. Bigger battery blocks better match the load profiles of smelters, rolling mills and chemical complexes.

Overall, China commissioned 3.08GW and 9.08GWh of new energy storage in September, including utility-scale systems. That represented annual growth of 166pc and 200pc, respectively. For the third quarter, new capacity reached 9.16GW and 25.52GWh, up 10pc and 24pc year on year. Installations between January and September already equalled 74pc of the 2025 full-year total, suggesting this year will exceed last year’s deployment. This trajectory ensures China industrial energy storage will remain a central pillar of the country’s broader storage boom.

The Metalnomist Commentary

China’s metals and chemicals producers are quietly driving a structural shift toward on-site solar-plus-storage. For industrials facing both decarbonisation pressure and fragile grid reliability, user-side batteries offer a rare win-win. The next test will be whether policy and market design can keep pace with the speed of industrial adoption.

EU Unveils Draft Plan to Cut Soaring Energy Costs and Safeguard Industrial Competitiveness

The European Commission

European Commission Pushes for Tax Reforms and Clean Energy to Address Rising Electricity Prices

The European Commission has introduced a draft strategy to combat the EU's growing energy cost burden and avoid de-industrialisation. The plan, released in a draft document, stresses that Europe must narrow its energy price gap with global competitors to retain industrial strength.

Much of the proposal consists of non-binding recommendations, especially on energy taxation. The Commission highlights fossil fuel dependence, high network costs, and heavy taxation as key drivers of price volatility. These factors, officials warn, are making EU industries less competitive on the global stage.

Tax Relief and Market Reforms at the Core of the Strategy

To reduce the electricity cost burden, the EU proposes lowering taxes on power for both energy-intensive industries and households. The plan encourages EU member states to cut electricity taxes to nearly zero. Officials also want to reduce or remove non-energy components from energy bills.

The Commission plans to revive the long-stalled effort to revise the 2003 Energy Taxation Directive, though this would require unanimous agreement across all member states. Additionally, a new Energy Union Task Force will lead efforts to create a fully integrated EU energy market in 2024.

Other key initiatives include an electrification action plan, a digitalisation roadmap, and a heating and cooling strategy. These aim to streamline energy systems, reduce consumption, and accelerate the shift to clean energy.

Flexibility, Renewables, and Future-Proofing the Grid

The draft strategy also promotes consumer empowerment, urging member states to remove barriers to supplier switching, improve energy efficiency, and support renewable energy communities. The Commission will propose measures to decouple retail electricity prices from gas prices, which have remained volatile since 2022.

By 2026, the EU plans to issue guidance on combining Power Purchase Agreements (PPAs) with Contracts for Difference (CfDs). The Commission is also considering new rules for forward markets, hedging instruments, and a possible legally binding tariff methodology for network charges.

In terms of infrastructure, the EU will push for faster permitting of new energy projects and encourage demand response and energy storage to improve system flexibility. Officials estimate that replacing fossil fuels with clean electricity could save 50% on power costs. Electrification and efficiency upgrades would save another 30%, and flexibility improvements could deliver 20% more savings.

As part of long-term planning, the Commission is exploring LNG supply deals and infrastructure investments to stabilize prices and ensure energy security across the bloc.

Australia Invests $63 Million in Neoen’s Renewable Energy Projects

Neoen

The Australian government has committed A$100 million ($63.2 million) in funding to French renewable energy producer, Neoen, to support the development of three large-scale renewable energy and battery storage projects in Australia. This investment reflects Australia's ongoing push to expand its renewable energy infrastructure and reduce reliance on fossil fuels.

Focus on Battery Storage and Solar Power

The three projects in question include:

1. A 341MW Battery Energy Storage System (BESS) in Western Australia.
2. A 270MW BESS in Queensland.
3. A 440MW peak solar farm in New South Wales.

These projects, which are still under development, aim to enhance Australia's energy security by integrating large-scale storage solutions with renewable energy generation. The Western Australia BESS is particularly significant as it will be an extension of the already operational Collie Battery Energy Storage System, which stores and discharges 219MW of power. Once both parts of the Collie system are fully operational, they will support up to 20% of the state's average energy needs.

Neoen’s New South Wales solar farm, known as the Culcairn Solar Farm, is scheduled to begin generating 800 GWh/year by 2026, covering an area of 1,000 hectares. While a BESS at the site is a possibility, Neoen has yet to make any official announcements regarding that development.

Role of the Clean Energy Finance Corporation (CEFC)

The Clean Energy Finance Corporation (CEFC), a state-owned green investment fund, is providing the funding to Neoen. The CEFC has already been involved in funding a total of 2.3GW worth of battery storage projects across Australia, playing a crucial role in the country's transition to a cleaner, more sustainable energy grid.

Australia’s Renewable Energy Growth

Renewable energy generation has surged across Australia, now accounting for 25% of the country’s total power generation in 2023, up from 17% in 2017. During the same period, the combined share of gas and coal in power generation fell from 81% to 63%. This shift aligns with the government’s broader climate goals, including decarbonizing the energy sector and ensuring energy resilience.

The funding commitment to Neoen comes just a day after the Australian government allocated A$14.1 million to GrainCorp and Ampol to promote the development of sustainable aviation fuels and renewable diesel.

US Flags 10 New Mining Projects for Fast-Tracked Permitting Under Critical Minerals Push

U.S Critical Minerals Mining

US critical minerals permitting accelerates with second wave of fast-tracked projects

The US government has added 10 new mining and metals projects to its expedited permitting initiative to boost domestic critical mineral supply. Overseen by the Federal Permitting Improvement Steering Council, the selected projects include copper, nickel, lithium, uranium, and vanadium developments across Minnesota, New Mexico, and Nevada. Each project is at a different stage in the federal and state permitting pipeline.

Projects span key materials vital to energy, defense, and manufacturing

The newly flagged projects include NewRange's NorthMet copper-nickel project in Minnesota, Energy Fuels’ Roca Honda uranium and vanadium project in New Mexico, and 3PL’s Railroad Valley lithium exploration project in Nevada. These projects will soon appear on the Permitting Council’s dashboard with their respective timelines, providing more transparency and predictability in the permitting process. This is a critical step toward advancing long-term mineral security.

Federal push aligns with broader energy dominance and reshoring agenda

The US critical minerals permitting effort is part of a broader initiative to limit foreign dependence and enhance national security. President Trump’s March executive order instructed federal agencies to identify pending mining projects across 50 USGS-listed critical minerals and additional strategic materials like uranium, copper, potash, and gold. The Permitting Council plans to continue selecting more qualifying projects in the coming months to support reshoring and energy independence goals.

The Metalnomist Commentary

The expanded US critical minerals permitting list highlights a policy shift toward streamlined approvals for strategic mining projects. As geopolitical competition intensifies, these actions could reshape global supply chains by fostering domestic sourcing and reducing exposure to import disruptions.

Duke Energy Proposes 300MW Solar Expansion in Florida as First Phase of Larger Clean Energy Push

Duke Energy

Four New Solar Projects to Deliver Over 650,000 MWh Annually Under 2025–27 Rate Plan

Duke Energy Submits Plans for Major Solar Projects to Florida Regulators

Duke Energy is seeking approval from the Florida Public Service Commission (PSC) for four new solar farms totaling 300MW in capacity. This marks the utility’s first step in a broader clean energy initiative under a 2025–2027 rate increase approved last year.

Each solar installation will provide 74.9MW of capacity and together are expected to generate approximately 650,000 megawatt-hours annually. The utility anticipates the first site going online in July 2025, with two more following in January 2026 and the final one in May 2026.

Capacity Factors Suggest Strong Initial Output

Duke’s regulatory filings indicate the four projects will operate with first-year capacity factors ranging from 25% to 26.2%. These metrics reflect actual energy output compared to the projects’ full potential and are influenced by technology and Florida’s solar intensity. Two of the four farms are projected to produce around 172,000 MWh in their first year, while the others are expected to yield about 168,600 MWh and 164,000 MWh, respectively.

Part of Broader 900MW Solar Roadmap Through 2027

The current proposal is part of Duke Energy’s long-term goal to deploy 12 solar farms with a combined capacity of nearly 900MW. The utility intends to build four projects annually between 2025 and 2027. However, the plan allows for flexibility, permitting Duke to delay individual projects by up to one year if necessary.

Before construction can begin, the PSC must approve each project individually—even under the umbrella of the previously authorized rate hike. This procedural checkpoint ensures oversight and accountability as Florida moves toward cleaner energy sources.

SECI to Invest ₹25 Billion in 200MW Solar and Battery Storage Projects in Madhya Pradesh

India SECI

India’s Solar Energy Corporation Expands Green Push With New Projects in Dhar and 1,000MWh Storage Facility

SECI Accelerates Renewable Energy Drive with Major Investment in Madhya Pradesh

India’s Solar Energy Corporation of India (SECI) has committed ₹25 billion ($286.5 million) to develop key renewable energy infrastructure in Madhya Pradesh. SECI signed an initial agreement with the state government to build a 200MW solar project in Dhar and a 1,000MWh battery energy storage system.

The investment falls under the Central Public Sector Undertaking (CPSU) scheme and will be executed in phases. SECI, which operates under India’s Ministry of New and Renewable Energy, aims to strengthen the country’s clean energy capacity and reduce dependence on fossil fuels.

Long-Term Clean Energy Commitment Supports India’s Energy Transition Goals

The 200MW solar plant is part of a broader 500MW agreement signed in 2023 with MP Power Management Company Limited (MPPMCL). Under this agreement, SECI will supply renewable electricity to Madhya Pradesh for 25 years, reinforcing long-term power stability through sustainable means.

By investing in solar power and energy storage, SECI continues to lead India's green energy movement. The dual focus on generation and storage aligns with national goals to improve grid reliability and boost clean energy adoption across sectors.

Battery Storage to Play Crucial Role in Energy Security

The planned 1,000MWh battery storage project marks a significant step toward ensuring round-the-clock renewable power availability. With India's energy demands rising, storage infrastructure is essential to integrate intermittent sources like solar into the national grid effectively.

SECI’s announcement confirms its commitment to supporting India’s decarbonization strategy while strengthening Madhya Pradesh’s role as a clean energy hub.

China and Indonesia Strengthen Ties in Critical Minerals and Renewable Energy

Strengthen Mineral

China and Indonesia are poised to deepen their cooperation in critical mineral extraction and renewable energy, marking a strategic move as global demand for clean energy technologies continues to grow. The announcement came during Indonesian President Prabowo Subianto's inaugural visit to China from November 8–10. The collaboration emphasizes joint initiatives in new energy vehicles, lithium batteries, and photovoltaics, reflecting the two nations' shared commitment to energy transition and economic synergy.

Strategic Agreements and Investments

During President Prabowo's visit, China reaffirmed its support for Indonesia's energy sector transformation, pledging to pursue "high-quality" partnerships in digital economies, clean energy, and infrastructure development. Addressing a business forum on November 10, Prabowo welcomed increased investment from Chinese enterprises across a range of industries.

Significant agreements were sealed during the visit, including a high-pressure acid leaching (HPAL) project in Sulawesi, jointly developed by Green Eco-Manufacture (GEM) and mining giant Vale Indonesia. This project will produce mixed hydroxide precipitate (MHP), a critical precursor in battery cathode production, further strengthening Indonesia’s position in the electric vehicle (EV) battery supply chain.

Indonesia’s Growing Role in Global Nickel and Aluminium Markets

As the world’s largest nickel producer, Indonesia is central to global EV and battery markets. According to the International Nickel Study Group (INSG), the country's share of global nickel output is projected to rise to 60.6% in 2024 and 62.8% in 2025, driven largely by Chinese-backed projects.

Additionally, Chinese firms are investing heavily in Indonesia's aluminium industry. Nanshan Aluminium is expanding its alumina refinery in Bintan and constructing a 250,000 t/yr refined aluminium plant. Chalco and Tianshan Aluminium are each building 1mn t/yr alumina plants in Indonesia, signaling a robust growth trajectory for bilateral collaboration in critical mineral production.

Key Projects in Renewable Energy

Chinese battery materials company Changzhou Liyuan, in partnership with the Indonesia Investment Authority (INA), is scaling up its lithium iron phosphate (LFP) plant in Indonesia. By 2025, the facility's production capacity is expected to expand to 120,000 t/yr from its current 30,000 t/yr, making it the largest LFP plant outside China.

These developments underscore the growing interdependence of China and Indonesia in renewable energy and critical minerals, aligning their national priorities with global sustainability goals.

Brazil Indonesia Energy and Mining Partnership Targets Cleaner Growth

Brazil Indonesia Energy and Mining

Brazil Indonesia energy and mining partnership is moving from basic trade to strategic cooperation in fuels and minerals. The two countries signed a memorandum of understanding to coordinate energy, mining and power grid initiatives as they seek lower-carbon growth. As a result, the Brazil Indonesia energy and mining partnership is evolving into a broader platform for decarbonisation, investment and technology exchange.

MoU extends Brazil Indonesia energy and mining partnership into hydrocarbons and power

The memorandum of understanding covers crude, natural gas, renewable power, energy efficiency and power grid cooperation. Brazil and Indonesia will also collaborate on mineral sustainability, signalling interest in responsible mining and critical raw materials. Therefore, the Brazil Indonesia energy and mining partnership now stretches from upstream hydrocarbons to electricity networks and metals value chains.

Bilateral trade between Brazil and Indonesia already totals about $6.2bn a year. Brazil mainly ships soymeal, crude, sugar and molasses, while Indonesia exports tallow, vegetable fats and vehicle parts. However, the new deal could gradually shift the mix toward more energy and mining technology, services and project-level collaboration.

Biofuel leadership strengthens Brazil Indonesia energy and mining partnership

Both countries see biofuels as a cornerstone of their energy transition. Indonesia has moved to a 40pc biodiesel blend in fossil diesel, cutting oil import needs. Meanwhile, Brazil already runs a 15pc biodiesel blend and a 30pc ethanol blend in road fuels.

These aggressive blending mandates create robust demand for feedstocks, refining technology and logistics. As a result, the Brazil Indonesia energy and mining partnership can link biofuel know-how with wider mining and infrastructure cooperation. Over time, joint projects in green hydrogen, advanced biofuels and grid upgrades could emerge from this policy alignment.

The focus on mineral sustainability also suggests potential cooperation on phosphate, nickel, bauxite or other key inputs to fertilisers and batteries. In addition, both countries may seek common standards on ESG, land use and community engagement in mining. This would help attract global capital that increasingly screens mining and energy assets for climate and social performance.

The Metalnomist Commentary

This agreement shows how South–South alliances are becoming more important in global energy and mining governance. If the MoU translates into concrete investment in grids, renewables and sustainable mining, Brazil and Indonesia could position themselves as pivotal suppliers in a lower-carbon economy. Investors should watch for follow-on deals linking biofuels, critical minerals and grid modernisation under this new framework.

China’s Polysilicon Output Declines as Producers Seek Market Balance

Daqo New Energy

China's polysilicon production experienced significant cuts in recent months, as leading producers adjusted output to counter oversupply and stabilize the market. According to Daqo New Energy, a leading polysilicon manufacturer, output fell 15% month-on-month in July and 6% in August, marking the lowest production levels of the year. Total production dropped below 130,000 tons in August, easing market pressure and temporarily stabilizing prices.

Market Pressures Prompt Production Adjustments

The oversupply had driven polysilicon prices to a low of 35-40 yuan/kg, below cash costs for Tier 1 producers. However, by September, prices rebounded slightly to 38-43 yuan/kg as downstream buyers took advantage of the lower prices. The sector remains under strain, with four consecutive months of cash losses pushing producers to revise strategies.

In response, Daqo implemented a series of measures:

• Facility Maintenance and Utilization Adjustments: Daqo reduced capacity utilization to 50% in Q3 and produced 43,592 tons, down from 64,961 tons in Q2.
• Production Guidance Downgrade: Full-year guidance was revised to 200,000-210,000 tons, down from an earlier forecast of 280,000-300,000 tons.

CEO Xu Xiang highlighted the ongoing need for further production cuts and stronger downstream demand to sustain price recovery.

Solar Demand and Government Stimulus Provide Hope

While the polysilicon market struggles, the broader solar photovoltaic (PV) sector shows robust demand. New solar PV installations in China reached 160.88 GW in the first nine months of the year, a 25% increase compared to 2023. The fourth quarter traditionally sees the highest number of installations, bolstered by government stimulus packages encouraging state-owned enterprises to invest in renewable energy projects.

The China Photovoltaic Industry Association (CPIA) has set a reference price of 0.68 yuan/W for PV modules, aiming to stabilize bidding processes and provide pricing clarity.

Outlook: Consolidation and Recovery

Despite signs of stabilization, Xu noted that the market may have reached a cyclical bottom but has not yet shown a clear turning point. Poor profitability and cash burn are likely to drive higher-cost producers out of the market, paving the way for long-term capacity optimization and recovery.

Global Energy Investment to Reach $3.3 Trillion in 2025, Led by Clean Energy

IEA(International_Energy_Agency)

Clean Energy Spending Doubles Fossil Fuel Investment

Global energy investment is forecast to hit a record $3.3 trillion in 2025, with two-thirds allocated to clean energy technologies, according to the International Energy Agency (IEA). This marks a 2% real-term increase from 2024, despite ongoing geopolitical tensions and economic uncertainty.

The IEA expects $2.2 trillion to be invested in renewables, nuclear power, grids, storage, low-emissions fuels, energy efficiency, and electrification. In comparison, fossil fuel investment is projected at $1.1 trillion. The agency attributes the surge in clean energy spending to emission reduction goals, industrial policy incentives, energy security concerns, and the competitiveness of electricity-based solutions.

Energy security remains a primary driver of investment growth. While some investors are cautious about new project approvals, the IEA notes minimal disruption to existing developments.

Electricity Sector Investment Surges While Fossil Fuels Decline

The “age of electricity” is shaping global capital flows, with the power sector expected to attract $1.5 trillion in 2025. Solar power will lead the charge, drawing $450 billion alone. However, grid investment, while reaching a record $400 billion, is struggling to keep pace with soaring power demand.

Conversely, fossil fuel supply investment is expected to fall 2% — the first drop since 2020. Upstream oil spending will decline 6% to about $420 billion, while gas investment will also retreat amid price drops, higher operating costs, tariffs, and oversupply concerns. Coal investment will continue to grow, though at a slower 4% annual rate, driven largely by China and India.

Regional Shifts and Policy Impacts

China remains the largest global energy investor, with its share of clean energy investment rising from 25% a decade ago to nearly one-third today. In the US, investment in renewables and low-emission fuels is set to plateau as supportive policies wane. Meanwhile, oil and gas spending is increasingly concentrated in resource-rich Middle Eastern nations.

Spending on low-emissions fuels is projected to hit a record in 2025 but will stay below $30 billion, with projects vulnerable to policy uncertainty. The IEA warns that regional disparities in policy and market dynamics could influence the pace of the clean energy transition.

The Metalnomist Commentary

The IEA’s projection underscores the accelerating momentum of the clean energy transition, even amid economic headwinds. While record spending on renewables and electricity infrastructure marks progress, bottlenecks in grid expansion and regional policy uncertainties could challenge the pace of change. Investors and policymakers will need to address these gaps to secure long-term energy security and decarbonization goals.

Gunnison Copper first cathode production boosts US copper supply ambitions

Gunnison Copper

Gunnison Copper first cathode production marks a key milestone for US domestic copper supply. The company produced its first copper cathode at the Johnson Camp Mine in Arizona in late August, ahead of schedule. As a result, the Gunnison Copper first cathode production strengthens US efforts to secure critical minerals for energy transition.

Early ramp-up at Johnson Camp Mine underpins new US copper source

Gunnison Copper first cathode production follows the successful start of solvent extraction and electrowinning operations. The company began running its SX plant and EW circuit in August, using run-of-mine ore from the Arizona site. Therefore, the project now moves from development into early ramp-up, which often proves pivotal for leaching projects.

The company expects to produce 25mn lbs per year of copper cathode, equal to about 11,300 tonnes. This scale does not rival major Chilean or Peruvian mines, yet it still matters for US niche supply. Meanwhile, the focus on finished cathode production rather than concentrates aligns with growing demand from North American smelters and fabricators.

Funding support highlights the broader strategic value of this new copper stream. The Johnson Camp Mine received backing from Nuton, a Rio Tinto venture focused on innovative copper technologies. In addition, the project secured $13.9mn in US Department of Energy tax credits in January to support domestic copper production.

Strategic context for US energy transition and critical minerals policy

The Gunnison Copper first cathode production arrives as policymakers push for more resilient US copper supply chains. Copper demand continues to rise across electric vehicles, renewable power and grid upgrades. Therefore, new SX–EW operations like Johnson Camp help reduce dependence on imported copper units.

Federal tax credits signal Washington’s willingness to support qualifying critical mineral projects. As a result, projects such as Johnson Camp can de-risk early capital phases and accelerate commissioning schedules. However, Gunnison Copper must still deliver consistent production performance, maintain environmental compliance and manage operating costs in Arizona’s competitive mining landscape.

For investors and copper buyers, the project offers modest but meaningful additional US cathode volumes. It may also showcase Nuton and Rio Tinto’s broader technology and partnership model for brownfield and mid-scale assets. Over time, similar projects could play a larger role in regional copper balance and contract pricing dynamics.

The Metalnomist Commentary

Gunnison Copper’s first cathode production at Johnson Camp illustrates how smaller US projects can still punch above their weight in policy terms. While volumes remain limited, the combination of Nuton funding and DOE tax support shows how technology and incentives now shape copper growth. Market participants should watch ramp-up performance closely, since SX–EW reliability will determine whether this asset becomes a durable pillar of US cathode supply.

Australia Backs Lithium-Ion Battery Surge in Western Australia

Canberra, Li battery 

Canberra’s CIS Program Expands Storage by 2.6GWh, Supporting Grid Reliability and Renewable Integration

Federal Government Underwrites Four Major Battery Projects in WA

Australia’s federal government has committed to underwriting four lithium-ion battery projects in Western Australia, adding 2.6GWh of storage capacity by late 2027. The investment comes through the Capacity Investment Scheme (CIS), a national program designed to stabilize revenue for renewable and storage developers over a 15-year period.

Although the government has not disclosed exact revenue floor levels for these projects, the financial backing provides long-term security, encouraging private investment in energy infrastructure.

PGS Energy and Neoen Lead Battery Expansion in WA

The largest of the new CIS-backed batteries is a 1.2GWh system in Marradong, developed by PGS Energy. Co-located with a solar farm, it will connect to the South West Interconnected System (SWIS) — the grid serving WA’s most populated regions.

Neoen, a French renewable energy company, will construct a 615MWh battery outside Perth. The company has already established a strong presence in Australia, operating the Collie Battery Energy Storage System since October 2024. That system alone manages 877MWh and is also connected to SWIS.

Two smaller battery systems, totaling 780MWh, will be built in WA’s rural areas. All four projects represent a regional leap forward in clean energy storage capabilities.

National Battery Strategy Accelerates Toward September Megaround

This announcement follows Canberra’s December 2024 decision to underwrite eight other batteries totaling 3.6GWh in three Australian states, excluding WA. The government plans another major round of funding in September 2025, targeting a cumulative 16GWh. So far, over 100 projects with 135GWh in capacity have applied.

Through the CIS, Australia is accelerating its transition toward a renewable-powered grid. Lithium-ion battery storage plays a pivotal role in managing variable solar and wind inputs while enhancing grid resilience.

US Accelerates Critical Mineral Project Permits to Boost Supply Chain Independence

US Critical Mineral

Critical Mineral Project permits

The US government is fast-tracking critical mineral project permits under a new federal initiative to expand domestic mineral production. This strategic move prioritizes lithium and copper projects vital to the country’s energy and defense supply chains.

The first 10 projects include ventures by Standard Lithium, Equinor, Albemarle, Rio Tinto, and BHP. These developments are in various permitting stages at both federal and state levels, aiming for quicker environmental reviews and project approvals.

National Energy Dominance Council to Oversee Permitting Process

President Donald Trump’s executive order, issued on 20 March, directs agencies to list projects for the National Energy Dominance Council (NEDC). These projects will be added to the Federal Permitting Dashboard to ensure transparency in authorization timelines.

By 2 May, the first permitting schedules will go live on the dashboard. New projects will be added in coming weeks. The goal is to streamline timelines and reduce bureaucratic delays that have historically slowed down mine development.

Expanding the Scope of Critical Mineral Classification

The initiative covers all 50 critical minerals defined by the US Geological Survey (USGS), including lithium, rare earths, and graphite. However, it also includes other strategic materials like copper, uranium, gold, and potash, despite their exclusion from the USGS list.

This broader scope reflects growing demand across clean energy, semiconductor, and defense sectors. By prioritizing critical mineral project permits, the US aims to reduce foreign dependence and enhance national security.

 

The Metalnomist Commentary

The fast-tracking of critical mineral project permits reflects Washington’s urgency in reshoring vital mineral supply chains. If implemented efficiently, this initiative could redefine global mineral trade routes and industrial competitiveness.

EU Selects 47 Strategic Raw Materials Projects Under CRMA

EU

New Projects Aim to Boost European Raw Material Independence

The European Commission has announced 47 strategic raw materials projects across 13 EU countries under the Critical Raw Materials Act. These initiatives are part of the EU’s push to reduce foreign dependence and strengthen domestic supply chains by 2030.

The selected projects span extraction, processing, recycling, and substitution of key metals like lithium, nickel, and graphite. In total, they are expected to require €22.5 billion ($24.3 billion) in capital investment, with an accelerated permitting timeline.

Lithium and Nickel Dominate Strategic Focus

Among the 47 projects, 22 are focused on lithium, 12 on nickel, and 10 on cobalt—metals vital for green energy transitions. Projects also cover graphite, manganese, tungsten, and magnesium, all critical for battery, defense, and digital industries. The EU has set targets to meet 10% of its raw material extraction and 40% of processing needs internally by 2030. Savannah Resources’ Barroso lithium project in Portugal is among the featured initiatives with strategic classification status.

Stockpiling and Geopolitical Implications

The Commission is now gathering data on national stockpiles to assess safe storage levels for critical materials across the bloc. An EU raw materials center may coordinate stockpiling efforts starting next year, aligning with global practices in the US and China.

Given global geopolitical shifts, including US leadership changes, the EU is intensifying its focus on material security strategies. Officials stress that European clean tech independence should not lead to new forms of dependency—especially on China.

The Metalnomist Commentary

The EU's selection of 47 strategic raw materials projects signals a shift toward regional autonomy in critical mineral supply chains. If executed on time, the CRMA framework could reshape Europe's role in the global energy and defense materials landscape. However, execution speed and political cohesion across member states will ultimately determine the strategy’s success.

Canada fast-tracks copper projects to reinforce critical minerals strategy

Copper Mining

Canada fast-tracks copper projects as it leans on copper to anchor its critical minerals strategy and domestic value chains. The move means Canada fast-tracks copper projects that can both expand supply and support downstream technologies and defence applications. As a result, Canada fast-tracks copper projects that signal a more proactive federal stance on permitting and strategic metals.

Canada fast-tracks copper projects at McIlvenna Bay and Red Chris

The federal government has placed the McIlvenna Bay and Red Chris projects on its priority list for accelerated review. McIlvenna Bay in Saskatchewan, operated by Foran, holds around 1bn lb of contained copper and 1.9bn lb of zinc in indicated reserves. Therefore, it fits squarely within the push to pair copper with other critical base metals for energy and infrastructure.

Meanwhile, Newmont and Imperial Metals’ Red Chris expansion in British Columbia will extend mine life by more than a decade. The expansion is expected to lift Canada’s copper production by over 15pc a year, according to the government. This incremental output will be crucial as global demand rises from grid upgrades, EVs and renewable energy systems.

Critical minerals strategy links copper to processing funds and project pipelines

The decision to ensure Canada fast-tracks copper projects comes within a broader critical minerals strategy. Ottawa wants to secure domestic supply and build value chains that reach beyond the mine gate into processing and advanced manufacturing. Copper sits at the heart of this strategy because of its central role in electrification and defence technologies.

Provincial governments are aligning with this agenda. Ontario has launched a C$500mn critical minerals processing fund as part of its 2025 budget. This fund aims to catalyse midstream investments that can complement new copper and multi-metal mines across the country. Therefore, federal and provincial levers now reinforce each other more explicitly.

Canada’s Major Projects Office will keep screening and shepherding projects through a streamlined process. A second tranche of major projects is expected by mid-November, according to Carney. That pipeline will show how far Canada is willing to go in using fast-track tools to compete with other mining jurisdictions.

The Metalnomist Commentary

Canada’s decision to fast-track copper is as much about industrial policy as it is about geology. If McIlvenna Bay and Red Chris progress on schedule, they could become flagship examples of how permitting reform and public funds can turn copper deposits into full critical minerals value chains. Markets will now watch for tangible progress on timelines, infrastructure and offtake agreements.

BYD Signs World’s Largest Energy Storage Deal with Saudi Electric Power

BYD Lithium Battery

Landmark lithium battery contract supports Saudi Arabia’s 2030 renewable energy target

Chinese energy storage leader BYD has signed a landmark contract to supply 12.5GWh of energy storage systems (ESS) to Saudi Electric Power. This agreement now marks the largest single ESS contract globally by capacity, according to BYD’s announcement on 14 February.

The new deal builds on BYD’s prior delivery of 2.6GWh to Saudi Electric Power, bringing the total supply to 15.1GWh. The two companies did not disclose the contract timeline. However, BYD confirmed that the agreement will significantly support Saudi Arabia’s Vision 2030, which targets 50% renewable energy integration.

BYD scales global reach with LFP-based ESS technologies

BYD began deploying lithium iron phosphate (LFP) battery storage systems 17 years ago. Since then, it has completed over 350 energy storage projects worldwide, supplying more than 75GWh to global markets.

As of 2024, BYD's ESS and power battery installations reached 194.7GWh, up 29% year-on-year. Of that, 135.02GWh was power battery installation alone, based on data from the China Automotive Battery Innovation Alliance.

These results further establish BYD as a global ESS leader, particularly as Chinese companies accounted for 93.5% of global energy storage shipments last year. In total, global energy storage battery shipments hit 369.8GWh in 2024—a 65% year-on-year increase.

Energy storage drives Saudi diversification efforts

The partnership between BYD and Saudi Electric Power aligns with the kingdom’s strategic push toward energy diversification and grid modernization. As Saudi Arabia ramps up utility-scale solar and wind projects, the need for large-scale battery storage grows rapidly.

BYD’s advanced LFP technology offers long cycle life, thermal stability, and safety—making it ideal for the desert climate and high-demand grid applications in the region. This deal positions BYD as a critical technology supplier in Saudi Arabia’s clean energy roadmap.

Molybdenum Growth Forecast Adjusted Amid Automotive and Aerospace Challenges

the International Molybdenum Association (IMOA)

The projected global molybdenum usage growth over the next decade has been revised downward due to ongoing difficulties in the automotive and aerospace sectors, according to discussions at the International Molybdenum Association (IMOA) annual general meeting in Tokyo. While global automobile production is still expected to rise by 11% by 2033, the growth rate has fallen short of earlier expectations, hindered by supply chain issues and affordability concerns. In 2022, forecasts suggested that global automobile production could increase by as much as 30% over 2021-2031.

Similarly, the electric vehicle (EV) market, a significant molybdenum consumer, is expected to experience a slowdown in growth. Bloomberg New Energy Finance projects an average annual increase of 21% from 2024 to 2027, down from a 61% rise between 2020 and 2023. This shift, along with the ongoing transition from internal combustion engines to EVs, is likely to reduce long-term molybdenum consumption in the auto industry.

Aerospace and Renewable Energy Keep Demand Stable

Although the aerospace and defense sectors are anticipated to be strong drivers of molybdenum demand in the next decade, both Airbus and Boeing face persistent supply chain limitations that have constrained their output. Still, these companies predict that demand for wide-body jets will double over the next 20 years. In contrast, renewable energy, particularly wind power, is expected to fuel molybdenum demand in alloyed steels. The International Energy Agency (IEA) reported a 14% year-on-year increase in renewable electricity production in June 2024, with wind power seeing a 28.1% rise.

Despite these gains, mechanical engineering and construction sectors have dampened overall molybdenum demand due to high interest rates and China’s weakening property market. Investment in China’s real estate sector fell by 10.2% from the previous year, with new project start-ups dropping by 22.5%, underscoring steel demand challenges.

IMOA data revealed that global molybdenum consumption outpaced production in 2023, with consumption rising by 1% to 630 million pounds. China remained the largest consumer and producer of molybdenum, while output in South America declined in tandem with reduced copper production. North American production has remained largely unchanged.

Although supply is expected to grow with the expansion of production projects, the molybdenum market is forecast to remain tight throughout the next decade due to persistent demand, despite the lower-than-expected growth rate.

Morocco coal power phase-out hinges on global finance

Morocco coal power

Morocco coal power phase-out plans now sit at the center of the country’s new 2035 climate strategy. The Morocco coal power phase-out commitment targets an exit from coal by 2040, but only if international partners provide large-scale financial and technical support. Without that backing, the Morocco coal power phase-out will slip into the 2040s, despite Rabat’s pledge to halt new coal plant plans.

Coal-heavy power system faces a managed transition

Morocco coal power phase-out ambitions collide with a power mix still dominated by imported coal. Coal supplied 29.2pc of Morocco’s energy and 62.2pc of its power in 2023, making the system highly exposed to fuel markets. Coal also generated 42pc of CO₂ emissions from fuel combustion in 2022, underscoring the climate stakes of any delay.

However, Moroccan utilities continue to sign long-term coal contracts while European buyers move away from such deals. This reflects the reality of a still coal-centric system that must guarantee baseload power as renewables scale. Under its new nationally determined contribution, Morocco targets a 53pc cut in greenhouse gas emissions by 2035 versus a business-as-usual path.

Meanwhile, Rabat has pledged to triple renewable capacity to more than 15GW by 2030 and expand grids and storage. These investments align domestic plans with the global Cop28 call to triple renewables. As a result, renewables growth and Morocco coal power phase-out measures are designed to move in parallel, reinforcing energy security while cutting emissions.

Financing drives timelines for coal, phosphates and methane cuts

Morocco’s new climate plan makes clear that money will decide how fast the transition happens. Around 31pc of the planned emissions reductions depend on external finance, including early coal closures and grid upgrades. The Morocco coal power phase-out therefore competes for capital with other decarbonisation priorities across industry and infrastructure.

The phosphate sector, a core pillar of Morocco’s export economy, is expected to deliver 8.35mn t of CO₂-equivalent cuts by 2035. Some of these projects will only proceed if concessional finance becomes available, highlighting the link between industrial decarbonisation and global climate funds. At the same time, Morocco has pledged deep methane reductions in agriculture and waste by 2030 and 2050, adding further investment needs.

Overall, Morocco estimates it will require around $96bn to fund mitigation and adaptation measures through 2035. Therefore, the Morocco coal power phase-out, industrial upgrades and resilience projects will all hinge on how quickly concessional and private capital flows. For international partners, the plan offers a clear pipeline of projects tied directly to measurable climate outcomes.

The Metalnomist Commentary

Morocco is signalling that coal exit timelines are now a negotiable outcome of global climate finance, not a fixed promise. For investors, the country’s combination of large phosphate reserves, ambitious renewables targets and conditional coal phase-out creates a structured opportunity set. How quickly these commitments move from paper to projects will depend on whether climate funds can match the $96bn price tag.

Vattenfall to Invest €5 Billion in German Renewables by 2028

Vattenfall

Massive Investment in Renewable Energy

Swedish state-owned energy giant Vattenfall has unveiled ambitious plans to invest over €5 billion in Germany by 2028 as part of its commitment to the energy transition. The initiative underscores Germany's growing importance as a hub for renewable energy development.

Focus Areas: EV Infrastructure and Solar-Battery Integration

A significant portion of this investment, approximately €500 million, is earmarked for developing electric vehicle (EV) charging infrastructure across Germany. This aligns with the increasing demand for a robust EV ecosystem to support the shift towards carbon-neutral mobility.

Vattenfall also aims to expand its solar energy portfolio by building 500MW of solar parks annually. These parks will be coupled with 300MW of large-scale battery energy storage systems, ensuring grid stability and compensating for fluctuations in solar power generation.

Wind Power Expansion

The company's wind energy projects are equally impressive. Vattenfall is set to bring the Nordlicht 1 and 2 wind farms online by 2028, delivering a combined capacity of 1.6GW. Although Nordlicht 1's initial operational date was planned for 2027, it has been slightly delayed.

In its Q3 2024 financial results, Vattenfall highlighted that it had already added 1.3GW of new wind capacity over the past year, a testament to its leadership in renewable energy development.

A Step Towards Energy Transition

Vattenfall’s investment marks a pivotal step in Europe’s energy transition. By focusing on solar, wind, and EV infrastructure, the utility not only contributes to Germany's climate goals but also fortifies its position as a leader in sustainable energy solutions.