Sales of electric vehicles have been rising in recent years, partly because of a $7,500 tax credit from the federal government that helps lower the cost of buying one. But a budget bill that House Republicans released on Monday would end that tax credit. Their proposal would also put new restrictions on other tax breaks…
There’s a tale told about a miner who found copper cans in his garbage dump in the early days of mining. Wastewater from copper mining had flowed through his land, he said, and turned steel cans into copper. The story might be apocryphal, but the process is real, and it’s called cementation. Montana Resources, the…
The minerals deal signed between the United States and Ukraine on Wednesday could bring untold money into a joint investment fund between the two countries that would help rebuild Ukraine whenever the war with Russia ends. But Ukraine’s untapped resources that are the subject of the deal will take years to extract and yield profits….
Ukraine signed a deal giving the United States control over a share of its future revenue from natural resources, a long-awaited agreement that Kyiv hopes will clear the way for continued U.S. support. The announcement late on Wednesday that the deal had been signed came after months of fraught negotiations — including an explosive Oval…
Less than a week after President Trump signed an executive order to accelerate seabed mining, the U.S. government received its first permit application from the Metals Company, one of the most ardent proponents of the as yet unproven practice. On Tuesday, the company’s chief executive, Gerard Barron, was also on hand in Washington, D.C., for…
Life at the bottom of the Pacific Ocean is slow, dark and quiet. Strange creatures glitter and glow. Oxygen seeps mysteriously from lumpy, metallic rocks. There is little to disturb these deep-ocean denizens. “There’s weird life down here,” said Bethany Orcutt, a geomicrobiologist at Bigelow Laboratory for Ocean Sciences. Research in the deep sea is…
President Trump has ordered the U.S. government to take a major step toward mining vast tracts of the ocean floor, a move that nearly every other nation in the world considers off limits to this kind of industrial activity. The executive order, signed Thursday, would circumvent a decades-old international treaty that every major coastal nation…
For years, the Chinese government has worked to control the export of rare earths, a group of metals used in an array of products, as common as semiconductors and lights. Now, in its trade war with the United States, China is moving to limit the market for these metals even further, which could have disastrous…
China has suspended exports of a wide range of critical minerals and magnets, threatening to choke off supplies of components central to automakers, aerospace manufacturers, semiconductor companies and military contractors around the world. Shipments of the magnets, essential for assembling everything from cars and drones to robots and missiles, have been halted at many Chinese…
A Ukrainian geologist was shopping in his local market recently for pork belly, lard, salmon and grapes when he heard the shouts of a man who seemed drunk, complaining about President Volodymyr Zelensky. “Why didn’t Zelensky ask us before giving away our minerals to the Americans?” he yelled. A woman joined in: “The Americans are…