Mineral Shortages Could Hinder Olinia Development

The newly announced electric vehicle (EV) manufacturer Olinia, could face supply challenges if mining regulations restrict the extraction of key minerals like copper, experts say. In other news, US aluminum producers support President Donald Trump’s push to protect domestic manufacturing but caution that tariffs on Canadian aluminum could weaken US manufacturing capabilities.

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Olinia Faces Challenges Over Mineral Shortages

The newly announced EV manufacturer Olinia faces scrutiny over its feasibility and long-term viability, especially due to its reliance on critical minerals with severely constrained sourcing.

McEwen Mining Reports 2024 Results, New Investments

McEwen Mining has published its full-year 2024 report, confirming total production of 135,900oz of AuEq, which falls within the company's annual guidance of 130,000oz to 145,000oz of AuEq. 

The Value of a Second Opinion in Mining

Lorena Montano, Senior Director Mexico, Ausenco, says mining leaders can unlock significant value by ensuring tailored mine designs, leveraging local expertise with global support, and seeking a second opinion on project plans. Drawing from Ausenco’s collaboration with Southern Silver Exploration on the Cerro Las Minitas project in Durango, she highlights how strategic design optimizations increased the project's Net Present Value (NPV) by over 44%.

Gold Surges Amid Uncertainty Over US Tariff Proposals

Gold soared to its highest level in almost three months, driven by market uncertainty surrounding US President Donald Trump’s policy plans. Experts stressed that the lack of clarity has intensified concerns about market volatility, boosting the demand for safe-haven assets.

Juanicipio Exceeds Expectations With 18.6Moz Production in 2024

MAG Silver has reported fourth-quarter and full-year production results for 2024 from its 44% joint venture in the Juanicipio project, managed with Fresnillo plc. George Paspalas, President and CEO, MAG Silver, stated that the nearly 19Moz of silver produced in 2024 reflects the performance of the Juanicipio project and the effectiveness of the team.

Tesla Faces Major Impact from US-China Graphite Tariff Dispute

Elon Musk, CEO, Tesla, is leading efforts to block the implementation of a new 10% tariff on graphite imports from China, directly opposing US President Donald Trump’s tariff increases.

Alamos Gold Secures SEMARNAT Approval for PDA Construction

Alamos Gold has confirmed SEMARNAT’s approval of an amendment to its existing environmental impact assessment (MIA), allowing for construction to start on the Puerto Del Aire (PDA) project within the Mulatos District. PDA, a high-potential underground deposit, is expected to produce an average of 127,000oz of gold annually over the first four years, providing significant growth prospects for the district.

CANACERO Supports Tariffs on US Steel to Protect Mexican Industry

The National Chamber of the Iron and Steel Industry (CANACERO) reaffirmed its support for Claudia Sheinbaum’s administration, should it decide to impose tariffs on US steel products. This stance follows the significant rise in US steel exports to Mexico and the potential imposition of tariffs for alleged violations of USMCA.

US Aluminum Industry Calls for Exemptions for Canadian Imports

The US aluminum industry is urging President Trump to exempt aluminum imports from his proposed tariffs, stressing the need to protect jobs and sustain domestic manufacturing. While Trump’s tariffs on Mexico and Canada have been postponed, business leaders continue seeking exemptions to keep their operations afloat.