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VanEck Rare Earth and Strategic Metals ETF (ARCA:REMX), 空売り情報

VanEck Rare Earth/Strategic Metals ETF

VanEck Vectors Rare Earth Strategic Metals ETF

Basic Materials

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The Fund normally invests at least 80% of its total assets in securities that comprise the Funds benchmark index. The Rare Earth/ Strategic Metals Index includes companies primarily engaged in a variety of activities that are related to the producing, refining and recycling of rare earth and strategic metals and minerals. Such companies may include small- and medium- capitalization companies and foreign and emerging market issuers. To be initially eligible for the Rare Earth/ Strategic Metals Index, companies must generate at least 50% of their revenues from rare earth/ strategic metals or have mining projects with the potential to generate at least 50% of their revenues from rare earth/ strategic metals when developed. Rare earth/ strategic metals are industrial metals that are typically mined as by-products or secondary metals in operations focused on precious metals and base metals. Compared to base metals, they have more specialized uses and are often more difficult to extract. Currently, approximately 44 elements in the periodic table are considered rare earth/ strategic metals. Rare earth metals (or rare earth elements), a subset of strategic metals, are a collection of chemical elements that are crucial to many of the worlds most advanced technologies, such as cellular phones, high performance batteries, flat screen televisions, green energy technology, and are expected to be critical to the future of hybrid and electric cars, high-tech military applications and superconductors and fiber-optic communication systems. The Rare Earth/ Strategic Metals Index may include A-shares issued by companies trading via the Shanghai-Hong Kong Stock Connect program and the Shenzhen-Hong Kong Stock Connect program (together, Stock Connect). As of December 31, 2023, the Rare Earth/ Strategic Metals Index included 27 securities of companies with a market capitalization range of between approximately $349 million and $17 billion and a weighted average market capitalization of $5.2 billion. These amounts are subject to change. The Funds 80% investment policy is non-fundamental and may be changed without shareholder approval upon 60 days prior written notice to shareholders.

Lynas Rare Earths Ltd

Albemarle Corp

Sociedad Quimica Y Minera De Chile Sa

China Northern Rare Earth Group High-te

Arcadium Lithium Plc

Mp Materials Corp

VanEck Rare Earth and Strategic Metals ETF

MP Materials Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MP#NYSE">MP</a>) shares are trading higher premarket on Wednesday after the company disclosed an agreement with a Saudi Arabian Mining Company (Maaden) to explore opportunities for establishing a fully integrated, <a href="https://www.benzinga.com/pressreleases/25/05/b45404358/maaden-and-mp-materials-collaborate-to-establish-full-value-chain-for-rare-earth-magnetics" target="_blank" rel="noreferrer noopener">end-to-end rare earth supply chain</a>.
This agreement unites the companies&#8217; expertise in exploration and processing to facilitate and mitigate risks in the development of potential Rare Earth Element (REE) deposits throughout Saudi Arabia.
Maaden and MP Materials intend to investigate opportunities to jointly build a vertically integrated rare earth supply chain within Saudi Arabia.
This would encompass mining, separation, refining, and magnet production, with the aim of fostering industrial growth and generating value for downstream industries.
MP Materials CEO James Litinsky, said. &#8220;Today&#8217;s announcement is an important first step towards rebalancing the global supply chain in a moment of transformational growth fueled by emerging technologies—especially in robotics and physical AI—while deepening the strategic alliance between the United States and Saudi Arabia.&#8221;
Bob Wilt, CEO of Maaden, added, &#8220;Through a potential partnership with MP Materials, and our deepening ties with the United States, we aim to create a global hub for a fully integrated rare earth value chain supporting advanced manufacturing in the Kingdom.&#8221;
Last week, MP Materials reported a first-quarter adjusted EPS loss of 12 cents, which was in line with analyst estimates, and sales reached $60.81 million, falling short o<a target="_blank" href="https://www.benzinga.com/pressreleases/25/05/b45299290/mp-materials-reports-first-quarter-2025-results" rel="noreferrer noopener">f the estimated $63.69 million</a>.
Investors can gain exposure to the stock via Sprott Critical Materials ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SETM#NASDAQ">SETM</a>) and VanEck Rare Earth and Strategic Metals ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/REMX#NYSE">REMX</a>).
Price Action: MP shares are up 3.08% at $21.42 at the last check on Wednesday.
Read Next:
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<li><a href="https://www.benzinga.com/25/04/44650952/china-restricts-rare-earth-exports-to-us-as-part-of-tariff-retaliation" target="_blank" rel="noreferrer noopener">China Restricts Rare Earth Exports To US As Part Of Tariff Retaliation: &#8216;Geopolitical Earthquake In Slow Motion,&#8217; CEO Says</a></li>
</ul>
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From Mine To Magnet: MP Materials, Maaden Plan Rare Earth Chain In Saudi Arabia

U.S. Treasury Secretary Bessent Says Trump-Zelenskiy Meeting At Vatican Went A Long Way To Sealing Minerals Deal

The U.S. and Ukraine have officially signed an agreement granting the U.S. access to Ukraine's mineral resources. Two parties inked the deal two months after a heated meeting at the White House between two presidents, Donald Trump and Volodymyr Zelensky, abruptly <a target="_blank" href="https://www.benzinga.com/news/global/25/02/44053592/white-house-meeting-turns-tense-as-trump-warns-zelenskyy-youre-gambling-with-world-war-iii" rel="noreferrer noopener">ended the negotiations</a>.
"Thanks to President Trump's tireless efforts to secure a lasting peace, I am glad to announce the signing of today's historic economic partnership agreement between the United States and Ukraine establishing the United States-Ukraine Reconstruction Investment Fund," said U.S. Secretary of the Treasury Scott Bessent, <a target="_blank" href="https://x.com/KobeissiLetter/status/1917700867353923761" rel="noreferrer noopener">per</a> The Kobeissi Letter.
"Together with the United States, we are creating the Fund that will attract global investment into our country," Ukrainian First Vice Prime Minister Yulia Svyrydenko <a target="_blank" href="https://x.com/Svyrydenko_Y" rel="noreferrer noopener">wrote</a> on X.
Under the agreement, the U.S. will have priority access to new investment projects involving Ukrainian critical minerals. Kyiv and Washington will establish an investment fund, through which profits will be funneled, aiming to support Ukraine's recovery and offset future U.S. military assistance.
Trump initially demanded $500 billion worth of mineral wealth as repayment for U.S. military aid, but Ukraine pushed back, <a target="_blank" href="https://www.benzinga.com/25/02/43968607/trump-negotiates-a-very-big-deal-for-ukraines-mineral-wealth" rel="noreferrer noopener">seeking security guarantees</a> in return. Reuters <a target="_blank" href="https://www.reuters.com/world/kyiv-is-ready-sign-resources-deal-with-us-ukraine-government-source-says-2025-04-30/" rel="noreferrer noopener">confirmed</a> that the signed deal does not require Ukraine to repay past military aid and doesn't contain any concrete U.S. security guarantees.
Ukraine holds substantial reserves of rare earth elements essential for the technology, defense, and clean energy industries. It is the sixth-largest global producer of Titanium, although production has been on a decline since 2012.
Still, nearly half of mineral deposits are concentrated in Luhansk, Donetsk, Zaporizhzhia, Dnipropetrovsk, Kirovohrad, Poltava, and Kharkiv—territories that are partly under Russian control, complicating extraction efforts.
Marko Papic, Chief Strategist at BCA Research, <a target="_blank" href="https://www.benzinga.com/news/global/25/02/44057033/this-is-something-that-president-trump-does-over-and-over-again-geopolitical-strategist-says-about-failed-rare-minerals-deal-with-ukraine-president-zelenskyy" rel="noreferrer noopener">warned</a> that resource extraction is just one part of the equation.
"Even if you somehow manage to get the rare earths out, the question would be—where do you refine them? The fact is that most of them would have to go to China. That's the critical bottleneck in this whole situation."
This deal is a good example of Trump's transactional approach to foreign policy and leveraging economic incentives to build domestic support.
"This is something President Trump does over and over again," Papic noted. "The theater surrounding his deals, the back-and-forth, is designed to build domestic consensus, particularly among his voters."
Read Next:
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<li><a href="https://www.benzinga.com/markets/25/04/45124644/trump-blames-gdp-contraction-on-biden-overhang-nothing-to-do-with-the-tariffs" target="_blank" rel="noreferrer noopener">Trump Blames GDP Contraction On Biden ‘Overhang': ‘Nothing To Do With The Tariffs'</a></li>
</ul>
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iShares Trust Dow Jones US Basic Materials Sector Index Fund

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US And Ukraine Sign Mineral Resource Deal

<a href="https://subscriber.politicopro.com/article/2025/04/natural-resources-plans-may-6-reconciliation-markup-00306251" title="https://subscriber.politicopro.com/article/2025/04/natural-resources-plans-may-6-reconciliation-markup-00306251">https://subscriber.politicopro.com/article/2025/04/natural-resources-plans-may-6-reconciliation-markup-00306251</a>

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Politico Reporter Joshua Siegel Posts On X "Scooplet: House Natural Resources Committee plans May 6 reconciliation markup. Their portion of GOP mega bill is expected to expand oil and gas lease sales and boost development of new mines for critical minerals"

China imposed export restrictions on certain rare earth elements on Friday as part of its response to President Donald Trump&#8216;s <a href="https://www.benzinga.com/government/regulations/25/04/44618089/trumps-tariffs-surprise-triggers-carnage-magnificent-7-set-to-wipe-out-nearly-700-billion-in-market-value">tariff measures</a>. The move could disrupt U.S. access to critical minerals essential for technologies ranging from smartphones to<a href="https://www.benzinga.com/news/25/04/44645172/china-retaliates-with-34-tariff-on-all-us-imports-urges-trump-to-immediately-cancel-the-tariffs-calls-for-negotiation"> electric vehicle batteries.</a>
What To Know: China restricted exports of seven rare earth elements to all countries, including the U.S. The newly restricted rare earths are: samarium, gadolinium, terbium, dysprosium, lutetium, scandium and yttrium.&nbsp;
Read Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/04/44648338/strong-jobs-report-on-a-day-when-good-news-doesnt-matter-economist-says">Strong Jobs Report &#8216;On A Day When Good News Doesn&#8217;t Matter,&#8217; Economist Says </a>
According to the U.S. Geological Survey, China produces about 90% of the world&#8217;s refined rare earths. Approximately three-quarters of the rare earths imported into the U.S. come from China. The export restrictions are not a full-blown ban but rather allow China to restrict access through the issuance or denial of export permits. 
If China restricts access to rare earth elements, the U.S. could face shortages in key industries, including national defense, clean energy, EVs and electronics. 
Mark A. Smith, CEO of the rare earth mining company NioCorp Developments Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NB#NASDAQ">NB</a>), called the<a href="https://www.benzinga.com/pressreleases/25/04/ac44645865/china-launches-new-precision-strike-against-pengaton-rare-earth-supply-chains"> export restrictions</a> a&nbsp; "precision strike by China against Pentagon supply chains" and warned that "these aren&#8217;t just metals &#8211; they&#8217;re bottleneck elements."&nbsp;
&#8220;This is not a mere supply chain hiccup, it&#8217;s a geopolitical earthquake in slow motion …&nbsp; And with Russia and China tightening coordination, this may mark the start of a material cold war fought not with tanks, but with export licenses and embargoes,&#8221; Smith added.
Stocks To Watch: Shares of USA Rare Earth, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/USAR#NASDAQ">USAR</a>) are soaring Friday as investors speculate that China's latest restrictions could accelerate subsidies for domestic mining. USA Rare Earth describes itself as establishing domestic rare earth and critical minerals supply, extraction and processing capabilities in the U.S.&nbsp;
MP Materials Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MP#NYSE">MP</a>) ,which owns and operates the only rare earth mining and processing site of scale in North America, should also be monitored.&nbsp;
Investors can also monitor the rare earth elements industry through the VanEck Rare Earth and Strategic Metals ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/REMX#NYSE">REMX</a>), which focuses on global firms from&nbsp; China, the U.S. and Australia.&nbsp;
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/news/global/25/04/44628368/trumps-tariffs-prompt-china-to-vow-countermeasures-experts-see-retaliation-likely">Trump&#8217;s Tariffs Prompt China To Vow &#8216;Countermeasures&#8217;: Experts See Retaliation Likely&nbsp;</a></li>
</ul>
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USAR

China Restricts Rare Earth Exports To US As Part Of Tariff Retaliation: 'Geopolitical Earthquake In Slow Motion,' CEO Says

U.S. Interior Secretary Doug Burgum called for increased activity in the commodity sector, urging industry leaders to seize opportunities on public lands. At the CERAWeek energy conference in Houston on Wednesday, Burgum noted the need for <a target="_blank" href="https://www.benzinga.com/markets/commodities" rel="noreferrer noopener">higher domestic production</a> and reduced dependence on foreign supply chains.
"If we're going to drill, baby, drill, then we've got to be asked to also mine, baby, mine," Burgum told the audience, according <a target="_blank" href="https://www.reuters.com/world/us/ceraweek-us-can-slash-20-30-regulation-boost-energy-interior-secretary-says-2025-03-12/" rel="noreferrer noopener">to</a> Reuters.
President Donald Trump's administration has actively pursued policies to bolster domestic supply chains, including a yet-to-be-signed <a target="_blank" href="https://www.benzinga.com/news/global/25/02/44057033/this-is-something-that-president-trump-does-over-and-over-again-geopolitical-strategist-says-about-failed-rare-minerals-deal-with-ukraine-president-zelenskyy" rel="noreferrer noopener">agreement with Ukraine</a> for mineral resource cooperation. Additionally, Trump has proposed building critical mineral refining facilities on Pentagon-controlled military bases.
Burgum, a former governor of North Dakota, the third-largest oil-producing state, noted opportunities to generate government revenue. According to his estimates, the current administration could unwind 20% to 30% of existing production regulations, significantly lowering the cost of commodity extraction.
The Interior Secretary stressed the importance of strengthening critical minerals production, citing growing concerns about China's dominance in the sector.
"We put ourselves in a position of incredible risk, where we've allowed ourselves to have a major competitor control 80% of the processing for critical minerals," Burgum said.
He proposed leveraging the planned U.S. sovereign wealth fund and strengthening collaboration with allied nations to secure a stable supply of key minerals like lithium and nickel to counter this situation.
According to <a target="_blank" href="https://www.benzinga.com/news/24/07/39870803/us-mine-development-delays-among-worlds-longest-second-only-to-zambia" rel="noreferrer noopener">last year's study</a>, the U.S. must find ways to cut the red tape on its mineral production. Its permitting process is the second-slowest in the world, taking as much as 29 years from discovery to production.
Still, there is a delicate balance between deregulation and environmental destruction. The Biden administration blocked one of the largest domestic projects, the Pebble Mine project in Alaska, citing environmental risks to the Bristol Bay watershed.
In response to Burgum's remarks, the National Parks Conservation Association <a target="_blank" href="https://act.npca.org/page/79022/action/1" rel="noreferrer noopener">opposed</a> increased drilling and mining near national monuments like Bears Ears and Grand Staircase-Escalante.
"If we lose these places to oil and gas development, we forfeit a century-old legacy that we will not pass on to our grandchildren," the association warned last month.
Read Next:
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<li><a href="https://www.benzinga.com/25/03/44271394/goldman-sees-copper-imports-frontrunning-tariffs-as-fcx-positions-to-benefit" target="_blank" rel="noreferrer noopener">Goldman Sachs Sees Copper Imports Frontrunning Tariffs As FCX Positions To Benefit</a></li>
</ul>
Photo via Shutterstock

Regulations

Interior Secretary Calls For 'Mine, Baby, Mine,' Promising Cost Savings From Deregulation

A high-stakes deal that could have reshaped global supply chains has crumbled. The negotiations between US President Donald Trump and Ukrainian President Volodymyr Zelenskyy were meant to secure a partnership granting the US priority access to Ukraine's vast reserves of critical minerals &#8211; resources vital for military technology, electric vehicles (EVs) and advanced electronics. 
However, the talks unraveled over security concerns and shifting priorities, leaving both nations scrambling for alternatives. Now, the fallout is poised to send ripples through markets, affecting stocks and <a href="https://www.benzinga.com/etfs">ETFs linked to these key industries</a>. Investors should closely monitor the funds and equities most exposed to this disruption.
Also Read: <a href="https://www.benzinga.com/25/03/44064817/zelenskyy-says-not-sure-he-did-something-bad-after-public-spat-with-trump-jd-vance-we-have-to-be-very-honest-and-direct">Zelenskyy Says &#8216;Not Sure&#8217; He Did Something Bad After Public Spat With Trump, JD Vance: &#8216;We Have To Be Very Honest And Direct&#8217;</a>
ETFs In The Spotlight
With the deal off the table, ETFs tracking rare earth minerals, defense and EV industries could see increased volatility:
VanEck Rare Earth/Strategic Metals ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/REMX#NYSE">REMX</a>): Holds stocks involved in rare earth mining and processing, sectors now facing renewed uncertainty. Pilbara Minerals Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AU#NYSE">AU</a>) and Arcadium Lithium Plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALTM#NYSE">ALTM</a>) are among its top holdings.
Global X Lithium &amp; Battery Tech ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LIT#NYSE">LIT</a>): Focuses on lithium and battery-related companies, which depend on stable mineral supplies. The fund has allocated its assets to companies like Mineral Resources, Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) and Albemarle (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALB#NYSE">ALB</a>).
iShares US Aerospace &amp; Defense ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ITA#BATS">ITA</a>): Tracks major defense contractors like Raytheon Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>), Lockheed Martin Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>) and Northrop Grumman Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOC#NYSE">NOC</a>), that may face cost pressures due to supply chain disruptions. 
What Was At Stake?
The abandoned agreement would have given the US <a href="https://www.benzinga.com/25/02/43968607/trump-negotiates-a-very-big-deal-for-ukraines-mineral-wealth">priority access to Ukraine's reserves of critical minerals</a> essential for military technology, EVs and advanced electronics. In return, Ukraine expected a financial boost, with 50% of state-owned mineral revenues going into an investment fund for economic recovery. However, without US security guarantees, Ukraine hesitated to finalize the deal, ultimately leading to its collapse.
With no agreement in place, both the US and Ukraine face economic and strategic setbacks. The US remains reliant on China for rare earth processing, while Ukraine may now seek alternative partnerships—potentially with China or European nations.
Also Read: <a href="https://in.benzinga.com/news/25/02/43974696/mark-cuban-surprisingly-loves-the-trump-administrations-push-for-ukrainian-rare-minerals-heres-why-he-thinks-its-good-for-both-sides">Mark Cuban Surprisingly &#8216;Loves&#8217; The Trump Administration&#8217;s Push For Ukrainian Rare Minerals—Here&#8217;s Why He Thinks It&#8217;s Good For Both Sides</a>
US Defense And Tech Stocks
The US defense and tech industries are major consumers of rare earth minerals. Companies like Lockheed Martin, Northrop Grumman and Raytheon Technologies rely on these materials for advanced weaponry and aerospace systems. The lack of a stable mineral supply chain outside China could make sourcing components more expensive, potentially affecting these stocks.
Semiconductor giants like NVIDIA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Advanced Micro Devices (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), and Intel (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) could also see cost pressures, as rare earth elements are crucial for chip production. If US companies must continue depending on China for processing, it could impact supply chain stability and pricing.
Lithium and rare earth mining companies like MP Materials (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MP#NYSE">MP</a>), which processes rare earths domestically, might see increased interest as the US looks to expand its refining capabilities.
What's Next?
With the US unable to secure a direct supply of Ukrainian minerals for now, Washington may have to fast-track domestic refining projects or seek alternative deals. Meanwhile, Ukraine might turn to European nations or even China to fill the gap. For now, investors should brace for potential market fluctuations in defense, tech and EV sectors.
Read Next: 
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</ul>
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ALTM

INTC

iShares Dow Jones US Aerospace & Defense Index Fund

NVDA

TSLA

Broken Deal, Big Consequences: How ETFs And Stocks Will React

Senior White House Official Says Press Conference With Zelenskiy Canceled; No Deal Signed; Says "It's Up To Ukrainians If It Can Be Rescheduled While Zelenskiy Still In Country"

MP Materials Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MP#NYSE">MP</a>) shares are trading higher premarket on Friday after the company reported fourth-quarter revenue growth of 48% year-over-year (Y/Y) to $61.0 million, beating the <a href="https://www.benzinga.com/pressreleases/25/02/b43865668/mp-materials-reports-fourth-quarter-and-full-year-2024-results" target="_blank" rel="noreferrer noopener">consensus of $51.0 million</a>.
Revenue growth&nbsp;was driven&nbsp;by increased sales in the Materials Segment,&nbsp;on&nbsp;higher NdPr oxide and metal sales due to the transition to midstream production of separated products.
The company achieved a production of 11,478 metric tons of rare earth oxides (REO) in concentrate during the quarter, despite a planned maintenance shutdown, and sold 7,803 metric tons.
MP Materials produced 413 metric tons of NdPr oxide and sold 468 metric tons in the quarter.
Adjusted EBITDA loss stood at $10.7 million versus a profit of $1.3 million owing to higher production costs in the Materials Segment on the initial ramp-up of separated product manufacturing.
Adjusted EPS loss of $0.12&nbsp;<a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">beat the consensus estimate loss of $0.13</a>.
Adjusted EPS were impacted by decline in Adjusted EBITDA, increased interest expenses from the 2030 convertible notes issued in first quarter of 2024, lower interest income, and higher depreciation costs. As of December 31, cash and equivalents stood at $850.87 million.
MP Materials Chairman and CEO James Litinsky said, &#8220;Notably, we achieved record upstream and midstream production at Mountain Pass and, in the fourth quarter, commenced commercial production of NdPr metal and trial production of automotive-grade magnets at Independence.&#8221;
Investors can gain exposure to the stock via&nbsp;VanEck Rare Earth And Strategic Metals ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/REMX#NYSE">REMX</a>) and&nbsp;Sprott Critical Materials ETF&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SETM#NASDAQ">SETM</a>).
Price Action: MP shares are up 2.37% at $23.73 premarket at the last check Friday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/content/43388808/as-china-tightens-rare-earth-exports-these-3-stocks-are-in-focus" target="_blank" rel="noreferrer noopener">As China Tightens Rare Earth Exports, These 3 Stocks Are in Focus</a></li>
</ul>
Image Credit to Shutterstock.

Earnings

MP Materials Q4 Earnings: 48% Revenue Surge, Higher Production, Soft Pricing Environment And More

The energy transition is reshaping the global mining industry, with demand for critical minerals expected to surge over the coming decades. A shift toward renewable energy and electrification drives demand for commodities like copper, nickel, and <a target="_blank" href="https://www.benzinga.com/etfs/23/07/33233340/rare-earth-elements-explained" rel="noreferrer noopener">rare earth elements</a>.
According to BDO's Annual Mining Report, the demand for key energy transition minerals will <a target="_blank" href="https://www.bdo.co.uk/en-gb/insights/industries/natural-resources-and-energy/annual-mining-report" rel="noreferrer noopener">nearly triple by 2030</a> and quadruple by 2040.
Copper remains a cornerstone of the transition, as it is the only critical mineral vital for all clean energy technologies, such as solar, wind, electric vehicle (EV) manufacturing, and power grids.
While copper prices hit a record high in mid-2024, they later softened due to weak demand from China's property market. In 2025, forecasts suggest continued price constraints due to high inventories despite the long-term positive outlook.
Merger and acquisition activity has surged – with mining giant BHP <a target="_blank" href="https://www.benzinga.com/news/large-cap/24/05/39068033/time-runs-out-for-bhp-deal-49-billion-acquisition-of-anglo-american-proves-too-complex-to-solve" rel="noreferrer noopener">unsuccessfully bidding</a> for Anglo American and launching a <a target="_blank" href="https://www.benzinga.com/markets/equities/24/07/40031488/bhp-to-unlock-south-american-copper-riches-partners-with-lundin-for-filo-acquisition" rel="noreferrer noopener">joint venture</a> with Lundin. Meanwhile, sector leader Freeport-McMoRan is opting for <a target="_blank" href="https://www.benzinga.com/news/large-cap/24/09/41098074/freeport-mcmoran-sticks-with-organic-growth-takes-advantage-of-geodiversity" rel="noreferrer noopener">capex-driven internal expansion</a>.
Nickel, a metal essential for battery technologies, has faced a turbulent period. In 2024, an oversupply from Indonesia and China led to <a target="_blank" href="https://www.benzinga.com/news/large-cap/24/07/39749321/bhp-halts-nickel-mine-were-not-able-to-overcome-economic-challenges-driven-by-oversupply" rel="noreferrer noopener">mine closures</a>, including those operated by Glencore and BHP. However, a rebound is expected in 2025 as supply surpluses narrow and demand for EV batteries remains strong.
Despite the forecasted price stabilization, industry players remain cautious, with some automakers shifting towards alternative battery chemistries that reduce dependence on nickel.
Zinc, another key transition metal used in wind and solar infrastructure, experienced a sluggish first half of 2024 due to subdued industrial activity but rebounded later in the year thanks to Chinese stimulus measures.
In 2025, BDO expects the demand to strengthen as renewable energy projects ramp up. Still, supply constraints and logistical challenges may continue to drive price fluctuations.
The rare earth element market is also in focus as countries look to diversify their supply chains since the U.S., China, and Myanmar account for 92% of global production.
President Donald Trump's recent remark shows the importance of this group of metals, which is vital for producing magnets.
"We're looking to do a deal with Ukraine where they're going to secure what we're giving them with their rare earths and other things," he said,<a target="_blank" href="https://www.reuters.com/markets/commodities/trump-says-he-wants-ukraine-supply-us-with-rare-earths-2025-02-03/" rel="noreferrer noopener"> per</a> Reuters.
Looking forward, despite opportunities created by the energy transition, BDO notes a pressing demographic challenge.
Per McKinsey's <a target="_blank" href="https://www.mckinsey.com/industries/metals-and-mining/our-insights/has-mining-lost-its-luster-why-talent-is-moving-elsewhere-and-how-to-bring-them-back" rel="noreferrer noopener">survey</a> of Canadian mining companies, 70% of people between 15 and 30 years old would not consider working in mining. Meanwhile, between 2016 and 2022, the number of mining engineering graduates in the U.S. fell by 41%.
While the industry tries to reverse the trend by integrating advanced technologies and enhancing sustainability efforts to create a more attractive work environment – closing the skills gap remains a key. To drive the next phase of mining evolution, the future workforce will need expertise in automation, AI, and environmental management.
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/02/43432736/copper-stocks-on-shaky-ground-jpmorgan-analysts-say-tariffs-deepseek-cloud-outlook" target="_blank" rel="noreferrer noopener">Copper Stocks On Shaky Ground, JPMorgan Analysts Say: Tariffs, DeepSeek Cloud Outlook</a></li>
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Critical Metal Demand To Triple By 2030, But Demographics Pose Risks

Sigma Lithium Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SGML#NASDAQ">SGML</a>) reported a third-quarter revenue of $20.9 million, missing the <a target="_blank" href="https://www.benzinga.com/pressreleases/24/11/n42003367/sigma-lithium-announces-3q24-results-production-beats-guidance-maintained-low-costs-at-target-gene" rel="noreferrer noopener">consensus of $72.5 million</a>.
Sales revenue for shipments stood at $44.2 million in the quarter and Concentrate sold came in at 57,483 tonnes vs. 52,572 tonnes in the second quarter of 2024.
Sigma Lithium delivered strong operational results at its Greentech industrial plant in the third quarter, producing 60,237 tonnes of Quintuple Zero Lithium Concentrate, an increase of 22% quarter over quarter and exceeding the 60,000 tonnes guidance.
This performance included multiple daily production records and sustained operations above 860 tonnes per day.
In the third-quarter, Sigma Lithium achieved one of the industry&#8217;s lowest cash unit operating costs, with CIF China averaging $513/ tonnes, slightly down from $515/ tonnes in the second quarter of 2024.
At the Grota do Cirilo operations, cash unit operating costs for lithium concentrate averaged $395/t, including a temporary $25/t expense for mobile crushers.
The company reported cash adjusted EBITDA&nbsp;loss of $10.6 million and EBITDA loss of $12.8 million in the quarter. Loss per share of $0.23&nbsp;missed <a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">the EPS consensus of $0.07</a>.
Sigma Lithium ended the third quarter with&nbsp;cash and cash equivalents of $65.6 million, and operating cash flow stood at&nbsp;$34 million&nbsp;in the third quarter.
Outlook: The company anticipates fourth-quarter production <a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">to reach at least 60,000 tonnes</a>.
Ana Cabral, Co-Chairperson and CEO said,&nbsp;&#8220;This quarter we achieved our production and low industry cost targets, generating robust free cash flow and demonstrating our operational resilience to lithium cycles.&#8221;
&#8221;We also benefited from our shifted commercial strategy to navigate industry seasonality, enabling us to secure higher average realized prices compared to benchmarks.&#8221;
Investors can gain exposure to the stock via&nbsp;Sprott Lithium Miners ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LITP#NASDAQ">LITP</a>) and VanEck Rare Earth and Strategic Metals ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/REMX#NYSE">REMX</a>).
Price Action: SGML shares are down 2.66% at $12.80 at the last check Friday.
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LITP

SGML

Sigma Lithium Misses Q3 Revenue and EPS Targets Despite Production Gains

In a recent study, researchers have suggested that Arkansas could potentially hold a significant amount of lithium, a crucial component for electric car batteries and other high-tech products.
What Happened: The researchers, in a study published in the journal Science Advances, have estimated that there could be between 5.1 to 19 million tons of lithium in the Smackover Formation brines in southern Arkansas, <a href="https://thehill.com/policy/energy-environment/4945872-arkansas-19-million-tons-lithium-battery-power/">reported</a> The Hill. This amount could potentially make up 35 to 136% of the current U.S. lithium resource estimate.
The researchers used a machine-learning model trained on published and newly collected brine lithium concentration data to create a map of predicted lithium concentrations in Smackover Formation brines across southern Arkansas.
Lithium ETFs offer a way to diversify your investments across multiple companies poised to benefit from the growing demand for lithium. 
Some of the top lithium ETFs to consider include the Global X Lithium &amp; Battery Tech ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LIT#NYSE">LIT</a>), Amplify Lithium and Battery Technology ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BATT#NYSE">BATT</a>), First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQGM:<a class="ticker" href="https://www.benzinga.com/stock/QCLN#NASDAQGM">QCLN</a>), iShares Global Clean Energy ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ICLN#NASDAQ">ICLN</a>), and the VanEck Vectors Rare Earth/Strategic Metals ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/REMX#NYSE">REMX</a>).
See Also: <a href="https://www.benzinga.com/markets/equities/24/10/41422633/investors-lost-over-95-of-their-wealth-in-this-nvidia-linked-etf-while-jensen-huang-led-chip-gia?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Investors Lost Over 95% Of Their Wealth In This Nvidia-Linked ETF While Jensen Huang-Led Chip Giant Gained 220% In The Past Year: Here&#8217;s More</a>
Why It Matters: Automakers and tech companies are scrambling to <a href="https://www.benzinga.com/markets/equities/24/10/41360023/lithium-americas-shares-surge-as-gm-commits-625m-to-thacker-pass-project">secure their lithium supplies</a>, with some even investing in mining projects, such as General Motors&#8216; joint venture with Lithium Americas (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LAC#NYSE">LAC</a>) for the Thacker Pass lithium project in Nevada.
Meanwhile, in Europe, the Serbian parliament&#8217;s decision <a href="https://www.benzinga.com/government/24/10/41289306/serbian-parliament-doesnt-pass-lithium-ban-keeps-rio-tintos-major-project-alive">not to ban lithium exploration and exploitation</a> has kept Rio Tinto&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RIO#NYSE">RIO</a>) major Jadar project alive. 
In January, Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) revealed its <a href="https://www.benzinga.com/top-stories/24/02/37188987/interesting-elon-musk-captivated-by-microsofts-70-lithium-reduced-battery-innovation">collaboration with a U.S. national laboratory</a> to create an innovative battery material that decreases lithium consumption by 70%, attracting interest from Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk.
Moreover, in July 2022 Musk tweeted that &#8220;lithium batteries are the new oil,&#8221; responding to Craft Ventures co-founder David Sacks&#8216; comments about the importance of <a href="https://www.benzinga.com/trading-ideas/movers/22/07/28056987/elon-musk-says-this-battery-metal-is-the-new-oil-but-should-the-vehicle-connoisseur-take-his">energy independence amid oil challenges</a> from Russia&#8217;s invasion of Ukraine. 
Read Next: 
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Image Via Shutterstock 
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

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Arkansas May Be Sitting On 19M Tons Of Lithium Amid Rising Demand For EV Batteries: How To Invest In What Elon Musk Calls 'The New Oil'

Goldman Sachs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>) reinforced its bullish outlook on gold, citing increased central bank demand and expectations of a U.S. Federal Reserve <a target="_blank" href="https://www.benzinga.com/federal-reserve" rel="noreferrer noopener">interest rate cut</a> tomorrow.
"While we see some tactical downside to gold prices under our economists' base case of a 25bp Fed cut on Wednesday, we reiterate our long gold trading recommendation and our price target of $2,700/oz by early 2025," the investment bank said in a note.
With the price of gold making new all-time highs, reaching 2589.60 on the spot market, the two-quarter upside price target of 5% doesn't seem much. At the moment, the market is pricing a 65% chance of a 50-basis-point cut tomorrow, <a target="_blank" href="https://www.google.com/search?client=firefox-b-d&amp;q=cme+fed+watchtool" rel="noreferrer noopener">per</a> the CME FedWatch tool.
Now read:<a target="_blank" href="https://www.benzinga.com/markets/equities/24/09/40861213/why-interest-rate-cuts-wont-automatically-boost-the-stock-market" rel="noreferrer noopener"> Why Interest Rate Cuts Won't Automatically Boost The Stock Market</a>
Gold is traditionally seen as a hedge against inflation and economic uncertainty. With the U.S. recession still in discussion and a Fed pivot toward more accommodative monetary policies, investor interest in gold is <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40689742/goldman-sachs-bullish-on-gold-wall-street-giant-targets-2-700-by-early-2025-driven-" rel="noreferrer noopener">expected to remain strong</a>, accompanied by buying from foreign central banks, <a target="_blank" href="https://www.benzinga.com/markets/asia/24/05/38649656/how-chinas-central-bank-gold-buying-frenzy-drove-prices-to-record-highs-attracting-gen-z-to-gold-bea" rel="noreferrer noopener">particularly China</a>.
The Fed's anticipated rate cuts could <a target="_blank" href="https://www.benzinga.com/markets/equities/24/09/40861213/why-interest-rate-cuts-wont-automatically-boost-the-stock-market" rel="noreferrer noopener">lower bond yields</a>, making gold more attractive as it does not generate interest.
In contrast to its positive gold outlook, the bank recently downgraded its projection for iron ore prices. The bank slashed its fourth-quarter 2024 forecast by $15 per metric ton, lowering it to $85 due to concerns of oversupply despite stabilizing demand from China.
Despite China's attempts at economic stimulus and rising steel demand, the broader economic slowdown and the real estate crisis have dampened demand for iron ore. Its futures briefly dipped below $90, reaching the lowest point in almost two years.
Goldman noted that while there might be short-term support due to restocking ahead of the holiday week in October, but the continued buildup of iron ore inventories is likely to drive prices further down.
Supply-demand imbalances have been a key issue for the market, particularly with major players like Brazil's Vale and Australia's BHP maintaining production levels.
Kallanish Consulting analyst Ian Roper explained the current price dynamics <a target="_blank" href="https://www.bnnbloomberg.ca/business/international/2024/09/11/iron-ore-tests-floor-as-plunge-to-90-a-ton-puts-mines-at-risk/" rel="noreferrer noopener">for</a> Bloomberg.
"We need to eliminate about 100 million tons to balance this market, and to do that, we need prices to settle in the $80s," he noted.
Also read:
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<li><a href="https://www.benzinga.com/news/24/09/40875211/bhp-group-sounds-alarm-on-copper-supply-ai-and-ev-growth-could-drive-prices-soaring-report" target="_blank" rel="noreferrer noopener">BHP Group Sounds Alarm on Copper Supply, AI and EV Growth Could Drive Prices Soaring: Report</a></li>
</ul>
Benzinga Mining is the bridge between mining companies and retail investors. Reach out to <a href="mailto:licensing@benzinga.com" target="_blank" rel="noreferrer noopener">licensing@benzinga.com</a> to get started!
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Goldman Sachs Sees Gold Higher, Takes A Downbeat Stance On Iron Ore

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U.S. Deputy Secretary Of State Campbell Says U.S. Needs To Contest Chinese Actions, Including Basing Strategy And Pursuit Of Rare Earth Minerals In Africa

The growing trend of hybrid electric vehicle (HEV) adoption is poised to reshape the landscape for <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/39063832/as-ev-adoption-stalls-due-to-chicken-and-the-egg-situation-hybrids-race-ahead">essential raw materials</a>.
Bill Peterson from JPMorgan outlines how this shift impacts the demand for lithium, rare earths, copper and aluminum.
For investors, this shift comes with significant implications in related ETFs such as the Global X Lithium &amp; Battery Tech ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LIT#NYSE">LIT</a>), Amplify Lithium &amp; Battery Technology ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BATT#NYSE">BATT</a>), WisdomTree Battery Value Chain and Innovation Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WBAT#NYSE">WBAT</a>) and the United States Copper Index Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPER#NYSE">CPER</a>).
<h3 class="wp-block-heading">Lithium and Rare Earths: Balancing Act</h3>
The demand for lithium and rare earths is projected to decline due to lower battery electric vehicle (BEV) sales. BEVs traditionally contain a higher content of these materials. 
While HEVs and plug-in hybrid electric vehicles (PHEVs) are set to increase, their cumulative demand for lithium and rare earths won&#8217;t fully offset the drop from BEVs.
Related: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/39063832/as-ev-adoption-stalls-due-to-chicken-and-the-egg-situation-hybrids-race-ahead">As EV Adoption Stalls Due To &#8216;Chicken And The Egg&#8217; Situation, Hybrids Race Ahead</a>
This nuanced demand scenario should be closely monitored by investors in Lithium Americas Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LAC#NYSE">LAC</a>), Piedmont Lithium Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLL#NASDAQ">PLL</a>) and MP Materials Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MP#NYSE">MP</a>). 
These companies remain crucial due to the limited domestic supply sources in the US and the prioritization of IRA-qualified materials.
ETFs such as LIT, BATT and WBAT are also sensitive to changes in lithium and rare earth market dynamics.
Investors in these companies and related ETFs should note the strategic value and geopolitical factors at play, which could sustain their market positions despite shifting demand forecasts.
<h3 class="wp-block-heading">Copper: A Shining Opportunity</h3>
Contrary to the trend in lithium and rare earths, copper demand is expected to rise due to higher HEV and PHEV sales. 
While these vehicles use less copper per unit compared to BEVs, their increasing numbers will result in a net demand increase.
Investors in the United States Copper Index Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPER#NYSE">CPER</a>) should find this particularly relevant, as copper&#8217;s uplift in demand could positively influence market prices and the fund&#8217;s performance.
Aluminum demand is unlikely to see significant long-term changes. 
However, potential short-term supply and demand fluctuations could arise if hybrid vehicle trends evolve as projected. This stability is noteworthy for those considering investments in broader commodity ETFs and funds that include aluminum exposure.
<h3 class="wp-block-heading">Investor Implications</h3>
For investors in ETFs such as LIT, BATT, WBAT and CPER, the evolving hybrid vehicle market presents both challenges and opportunities. Monitoring the demand trends for these critical metals and adjusting portfolios accordingly could enhance investment strategies and returns.
As hybrid vehicles gain traction, the demand dynamics for lithium, rare earths, copper and aluminum are set to shift. Copper stands out with a positive demand outlook, while lithium and rare earths face a more complex scenario.
Strategic domestic suppliers such as Lithium Americas, Piedmont Lithium Inc and MP Materials Corp are well-positioned despite these shifts, offering potential stability for investors.
Read Next: <a href="https://www.benzinga.com/etfs/sector-etfs/24/02/37203815/ev-battery-metal-market-faces-downturn-as-prices-plummet-whats-next-for-the-industry">EV Battery Metal Market Faces Downturn As Prices Plummet: What&#8217;s Next For The Industry?</a>

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Hybrid Vehicle Adoption: Key Implications For Lithium, Rare Earths, Copper And Aluminum Investors

<a href="https://asia.nikkei.com/Economy/Trade/China-bans-exports-of-rare-earth-magnet-technologies">https://asia.nikkei.com/Economy/Trade/China-bans-exports-of-rare-earth-magnet-technologies</a>
&nbsp;
BEIJING -- China on Thursday banned exports of technology for making rare-earth magnets and imposed other restrictions related to the vital industrial metals, in an apparent response to moves by the U.S. and Japan to reduce their reliance on Chinese suppliers.
Technologies for rare-earth ore mining, ore selection and refining are also among the items added to a list of technologies subject to export controls. Technologies related to extracting and separating rare earths and producing alloys were already banned for export.
 &nbsp;

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"China Bans Exports Of Rare-Earth Magnet Technologies; New Restrictions Also Cover Processing As Beijing Tightens Grip" - Nikkei

<a href="https://www.nasdaq.com/articles/exclusive-rare-earths-magnet-firms-turn-to-vietnam-in-china-hedge" title="https://www.nasdaq.com/articles/exclusive-rare-earths-magnet-firms-turn-to-vietnam-in-china-hedge">https://www.nasdaq.com/articles/exclusive-rare-earths-magnet-firms-turn-to-vietnam-in-china-hedge</a>
&nbsp;
Korean and Chinese magnet firms, including an Apple supplier, are set to open factories in Vietnam, according to documents and people familiar with the plans, amid a push to diversify supply chains away from China and defend against Sino-U.S. tension.
&nbsp;
South Korea&#39;s Star Group Industrial (SGI) and China&#39;s Baotou INST Magnetic would join companies in sectors as varied as electronics and automobiles in shifting assembly lines against a backdrop of increasing trade restrictions, with clients even requesting the move, the people said.
&nbsp;
China is dominant in magnets and the rare earth metals they are made from. The magnets are central to the manufacturing of such products as electric vehicles, wind turbines, weapons and smartphones, making the sector strategically important. Even so, there has been only limited effort to challenge China&#39;s lead.
&nbsp;
Neighbouring Vietnam, however, has untapped rare earth deposits second only to China&#39;s, as well as a fledgling processing industry, giving the country the potential to be a much bigger competitor, industry insiders said.
Still, Vietnam produces just 1% of the world&#39;s magnets, showed Adamas Intelligence data cited in a U.S. Department of Energy report, compared with China&#39;s 92%.
&nbsp;
Moreover, some Chinese factories can produce 10 times as many magnets as SGI&#39;s project, and China dominates the mining and processing of the ores.
&nbsp;
Nevertheless, Vietnam&#39;s rise is significant.
&nbsp;
Moreover, U.S. officials have signalled growing interest in Vietnam&#39;s rare earths potential amid discussion to upgrade bilateral ties this year, and South Korea signed a deal with Vietnam in June to boost its supply chain of critical minerals.
&nbsp;
Magnet makers are also drawn to Vietnam by low labour costs and market access afforded by multiple free-trade deals. They also want to move closer to Vietnam-based clients, such as automakers and electronics firms, which are increasingly wary of over-reliance on Chinese supplies as relations worsen between Washington and Beijing, industry insiders said.
&nbsp;
Vietnam is the only country beyond China with all stages of the magnet supply chain, from mining rare earths to downstream production, said a Vietnam-based industry consultant, who was not authorised to speak to media so declined to be identified.
&nbsp;
The government plans a vast expansion of rare earths production by the end of the decade and is boosting refining capacity, which the U.S. energy department estimated accounts for 3% of the global share.
However, &quot;anyone who is trying to build from scratch a mine-to-magnet supply chain is going to face a lot of challenges,&quot; said David Merriman of Project Blue.

'Rare Earths Magnet Firms Turn To Vietnam In China Hedge' - Nasdaq

<a href="https://asia.nikkei.com/Business/Materials/Japan-and-Saudi-Arabia-seek-joint-rare-earth-investments" title="https://asia.nikkei.com/Business/Materials/Japan-and-Saudi-Arabia-seek-joint-rare-earth-investments">https://asia.nikkei.com/Business/Materials/Japan-and-Saudi-Arabia-seek-joint-rare-earth-investments</a>
&nbsp;
&nbsp;Japanese Prime Minister Fumio Kishida and Saudi Arabian Crown Prince Mohammad bin Salman are expected to agree Sunday on joint investments to develop rare-earth resources, Nikkei has learned, as Tokyo seeks to reduce its reliance on countries like&nbsp;China for key minerals.
Kishida is visiting Saudi Arabia as part of a tour of the Middle East.&nbsp;&nbsp;
As part of the agreement, a memorandum of cooperation will be signed soon by&nbsp;Japan&#39;s Ministry of Economy, Trade and Industry, the state-backed&nbsp;Japan Organization for Metals and Energy Security (JOGMEC) and Saudi Arabia&#39;s&nbsp;Ministry of Industry and Mineral Resources.&nbsp;
Under the deal, Japan and Saudi Arabia&nbsp;will explore resource development projects&nbsp;in third countries for joint investment.&nbsp;They hope to secure rights to key minerals, such as rare-earth metals&nbsp;used in electric vehicles. Demand for EVs is only growing amid a&nbsp;global push toward decarbonization.
Saudi Arabia is searching for new rare-earth deposits at home as part of its national strategy. JOGMEC will contribute&nbsp;technical expertise to assist Riyadh in conducting preliminary surveys.
Japan will also help accelerate the&nbsp;development of resources already being mined in Saudi Arabia, such as copper, iron and zinc.
A handful of countries, including&nbsp;China, currently&nbsp;produce&nbsp;much of the world&#39;s rare earths, as well as elements used in&nbsp;EV batteries&nbsp;like lithium and cobalt. Japan and Saudi Arabia both aim to diversify supply chains for such metals to avoid depending too heavily on any specific supplier.
Japan in particular relies on China for nearly 80% of its&nbsp;lithium hydroxide supply, and over 60% of its cobalt processing. It was forced to seek alternative suppliers when China restricted rare-earth exports to Japan following a&nbsp;2010 collision of Chinese and Japanese vessels near the Senkaku Islands, a Japanese-administered chain claimed by China as the Diaoyu.
Kishida will also be stopping at the United Arab Emirates and Qatar to meet&nbsp;with their leaders and&nbsp;affirm cooperation in energy and other fields.

'Japan And Saudi Arabia Seek Joint Rare-Earth Investments' - Nikkei Asia

LKAB has identified significant deposits of rare earth elements in the Kiruna area, metals which are essential for, among other applications, the manufacture of electric vehicles and wind turbines. Following successful exploration, the company today reports mineral resources of rare earth metals exceeding one million tonnes of rare earth oxides and the largest known deposit of its kind in Europe.

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