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Energy Secretary Issues Emergency Order to Deploy Backup Generation in the Mid-Atlantic Amid Heatwave

Energy Secretary Issues Emergency Order to Deploy Backup Generation in the Mid-Atlantic Amid Heatwave

The U.S. Department of Energy (DOE) issued an emergency order on May 18, 2026, authorizing PJM Interconnection, LLC to deploy backup generation in the Mid-Atlantic to mitigate potential blackouts during a heatwave and amid seasonal maintenance outages. This move, prompted by a request from PJM, underscores the critical importance of grid stability for industries like mining, which are heavily reliant on continuous, reliable power. The order highlights ongoing national energy security concerns and the economic impact of power outages, which cost the U.S. economy an estimated $44 billion annually.

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Jeff Currie sees gold price pullback before $10,000 run

Jeff Currie sees gold price pullback before $10,000 run

Veteran commodities strategist Jeffrey Currie forecasts a significant near-term pullback for gold, potentially to $4,000 per ounce, driven by geopolitical tensions and central bank gold sales. However, Currie maintains his long-term bullish stance, projecting a surge to $10,000 per ounce as part of a multi-decade commodity super cycle fueled by massive capital expenditure in the technology sector and persistent underinvestment in physical assets.

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AML awarded $2M US defense contract for domestic heavy magnets

AML awarded $2M US defense contract for domestic heavy magnets

Advanced Magnet Lab (AML) has secured a significant $2 million contract from the U.S. Defense Logistics Agency (DLA) to qualify domestic production of high-grade sintered NdFeB permanent magnets. This strategic award, announced on May 19, 2026, aims to bolster U.S. defense capabilities and commercial reliance on a secure, domestically sourced supply chain for critical magnet materials, leveraging AML's innovative PM-Wire manufacturing process and collaborative partnerships across the rare earth sector. The initiative is set to rapidly scale the manufacturing of these essential components, reducing dependence on foreign supply and enhancing national security.

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Energy Secretary Saves Midwest from Losing Critical Coal Generation Ahead of Peak Summer Demand

Energy Secretary Saves Midwest from Losing Critical Coal Generation Ahead of Peak Summer Demand

The U.S. Department of Energy has issued a critical emergency order to keep the J.H. Campbell coal-fired power plant in West Olive, Michigan, operational through August 16, 2026, averting potential grid reliability issues and blackouts in the Midwest during peak summer demand. This move highlights ongoing concerns about grid stability and resource adequacy, underscoring the vital, dispatchable role of coal despite planned retirements across the nation. The decision impacts the mining sector by reinforcing the continued demand for thermal coal in specific, high-stakes scenarios.

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Rokeby announces 20-year licence renewal for Omeo Gold Project

Rokeby announces 20-year licence renewal for Omeo Gold Project

Rokeby Resources has secured a crucial 20-year renewal for Mining Licence MIN 4921 (ML 4921), a key component of its Omeo Gold Project in Victoria, Australia, ensuring tenure until May 2044. This extension strengthens the company's control over the Mt Wills goldfield, home to the Maude and Sunnyside deposits with a historical estimate of 320,000 ounces of gold at 4 grams per tonne, enabling robust long-term exploration and development strategies. The renewal provides a solid foundation for Rokeby to advance its high-grade gold asset amidst a dynamic global commodities market.

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Anglo coal sale highlights broader Australian coal transition: GlobalData

Anglo coal sale highlights broader Australian coal transition: GlobalData

Anglo American's recent divestment of its Queensland steel-making coal portfolio to Dhilmar for up to $3.88 billion marks a pivotal acceleration in the mining giant's strategic pivot towards copper and critical minerals. This move, reported by GlobalData, underscores broader shifts within Australia's coal sector and highlights the intensifying global push by major mining houses to de-risk portfolios from fossil fuels while capitalizing on the burgeoning demand for commodities vital to the energy transition. The transaction signals a decisive step in Anglo's portfolio optimization, indicative of a wider industry trend embracing a more sustainable and future-oriented commodity focus.

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Inspiration Mining starts drilling at Rottenstone North project

Inspiration Mining starts drilling at Rottenstone North project

Inspiration Mining has commenced its inaugural drilling program at the Rottenstone North Gold-Copper Project in northern Saskatchewan, Canada. Targeting volcanogenic massive sulphide (VMS) deposits, the drilling is strategically positioned near established mineralized trends and recent high-grade discoveries by Ramp Metals. This initiative follows nearly two years of meticulous groundwork and satellite data analysis, with the company’s CEO expressing high optimism for uncovering significant VMS-style mineralization.

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Metals One and DISA agree to treat uranium mine waste

Metals One and DISA agree to treat uranium mine waste

Metals One has advanced its collaboration with DISA Technologies, signing a definitive agreement to assess and potentially treat abandoned uranium mine waste at its Uravan Belt Uranium-Vanadium Project in Colorado, US. This initiative aims to recover valuable uranium and critical mineral concentrates while remediating historical environmental liabilities using DISA's High-Pressure Slurry Ablation (HPSA) technology. The partnership underscores a strategic move towards domestic critical mineral recovery and environmental stewardship within one of America's historically significant uranium districts.

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Honda halts $11B Ontario plant amid losses

Honda halts $11B Ontario plant amid losses

Honda has indefinitely suspended its planned C$15 billion ($11 billion USD) electric vehicle and battery complex in Alliston, Ontario, a move that significantly curtails Canada's ambition to build a robust domestic EV supply chain. This decision, announced May 15, 2026, follows Honda’s recent reporting of a substantial full-year loss and reflects broader headwinds in the EV market, including high costs, fluctuating policy signals, and persistent trade tensions between the U.S. and Canada. The suspension underscores a critical period of adjustment for automakers and the battery metals sector alike, as investment strategies are re-evaluated amidst an evolving global economic landscape.

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Gold price falls back to $4,500 on heightened inflation fears

Gold price falls back to $4,500 on heightened inflation fears

On May 15, 2026, spot gold prices experienced a significant selloff, falling 3% to approximately $4,500 per ounce, driven by escalating concerns over global inflation, surging bond yields, a strengthening US dollar, and continued geopolitical tensions in the Middle East. This decline, which also impacted silver and copper, has prompted analysts to revise short-term price targets, even as bullion maintains a positive year-to-date performance. The situation underscores the profound influence of macroeconomic factors and geopolitical instability on the global commodity markets and the mining sector.

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