Daily Mining Industry Report: March 04, 2025

Daily Mining Industry Report: March 4, 5:08 AM PST

Canadian Developments

• Teck Resources Plans to Redirect Zinc Sales to Asia Amid U.S. Tariffs
  In response to new 25% tariffs imposed by the U.S. on Canadian imports, Teck Resources Ltd. is developing plans to sell its zinc products to Asian markets instead of the United States. The company has been preparing for this shift by reserving storage capacity and securing port space in Canada to facilitate exports to Asia. ​youtube.com+2reuters.com+2reuters.com+2reuters.com+1reuters.com+1

• Canada Retaliates with Tariffs on U.S. Goods
  The Canadian government has announced C$30 billion worth of duties against the United States in response to recent U.S. tariffs on Canadian products. This move aims to protect Canadian industries and signal opposition to the U.S. trade measures. ​mining.com

• Government Partners with Frontier Lithium to Boost Battery Material Production
  The Government of Canada is collaborating with Frontier Lithium Inc. to expand the production and processing of lithium, a strategic battery material. This partnership aims to build an end-to-end battery supply chain within the country, enhancing Canada's position in the global battery market. ​canada.ca

Global Developments

• Myanmar's Man Maw Tin Mine Set to Reopen
  Myanmar's Wa State has announced it is ready to accept mining and processing license applications for the Man Maw tin mine, which had been suspended since August 2023. The reopening of this significant tin producer is expected to impact global tin prices and supply dynamics. ​reuters.com

• Greenland Faces Challenges in Mining Boom Potential
  Despite possessing some of the world's largest rare-earth mineral deposits, Greenland confronts obstacles such as harsh weather, limited infrastructure, high startup costs, and environmental concerns, hindering its potential mining boom. These challenges contribute to investor hesitancy and complex logistics for mining operations. ​wsj.com

• Bids Submitted for Australia's Ravenswood Gold Mine
  Several mining companies, including Regis Resources and Indonesia's United Tractors, have submitted bids for the Ravenswood gold mine in Australia. The mine produces approximately 200,000 ounces of gold annually, making it a valuable asset in the current high gold price environment. ​

Policy Changes

• Alberta Lifts Moratorium on Coal Exploration in Eastern Slopes
  In January 2025, the Alberta government lifted its moratorium on new coal exploration and development in the Eastern Slopes of the Rocky Mountains. This decision reinstates the 1976 Coal Policy, allowing coal companies to resume activities in previously restricted areas, sparking public debate over environmental concerns. ​en.wikipedia.org+1en.wikipedia.org+1

Technological Advancements

• Wheaton Precious Metals Awards Innovation in Mining
  Wheaton Precious Metals has awarded US $1 million to ReThink Milling Inc. for its Conjugate Anvil Hammer Mill (CAHM) and MonoRoll technologies. These innovations aim to improve efficiency and sustainability in mineral processing within the mining industry. ​prnewswire.com

Market Trends

• Global Rubber Shortfall Anticipated in 2025
  The Association of Natural Rubber Producing Countries has forecasted a global rubber shortfall in 2025 due to stagnant output. This potential deficit could impact industries reliant on rubber, including automotive and manufacturing sectors. ​reuters.com

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