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Mining boss calls for price support to challenge China’s critical minerals dominance

6 July 2025
in World
0
Mining boss calls for price support to challenge China’s critical minerals dominance
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Neal Froneman, CEO of Sibanye-Stillwater, urged Western governments to offer price guarantees for critical minerals to compete with Chinese producers benefitting from state support. As China restricts exports of essential materials, the G7 is considering a joint buying mechanism to stabilize prices, while Sibanye seeks to expand its operations in battery metals despite facing financial challenges and higher operational costs.

Explain It To Me Like I’m 5: Western governments need to help local mining companies by promising to pay them fair prices for important minerals, so they can compete with Chinese companies that get a lot of support from their government.

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Tags: bosscallschallengeChinascriticaldominancemineralsMiningpricesupport
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