Top Stories for Feb. 6, 2024:
5E Advanced Materials Pushes for Inclusion of Boron in Critical Mineral List
5E Advanced Materials, Inc.FEAM expressed its support for U.S. Congress to include boron in the U.S. Geologic Survey’s 2025 Critical Mineral List. The move is aimed at boosting domestic boron supply to satisfy the escalating demand from energy and defense industries.
Historical Context and Urgency
On Jan. 26, 10 members of Congress petitioned the secretary of the Interior and the USGS director to recognize the importance of boron and its derivatives across energy and defense systems, as well as for meeting U.S. clean energy goals. Rep. Jay Obernolte (R-Calif.) emphasized the necessity of a domestic supply chain for boron, underscoring the fragile nature of current supply chains and America’s dependence on imports from other countries, primarily China.
Lynas Rare Earths Abandons Talks with MP Materials
Lynas Rare Earths Ltd LYSCF confirmed that discussions with MP Materials CorpMP about a potential transaction have ceased. This development raises speculation about the possible conclusion of a proposed merger. Nonetheless, Lynas stated its ongoing commitment to exploring avenues for enhancing market presence and delivering added value to its shareholders.
Warrior Met Coal’s 2023 Sustainability Report
Warrior Met Coal Inc HCC unveiled its 2023 sustainability report, revealing a notable 52% reduction in the total incidence rate for underground coal mines compared to the national average. The report highlighted a 13% decline in Scope 1 and Scope 2 emissions, as well as a 16% decrease in methane emissions from 2021 levels. The company’s dedication to sustainability is evident in its completion of the dry slurry system ahead of schedule, expansion of employee training, endorsed board diversity policy, and substantial charitable contributions.