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19.11.25 - 16:36
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MP Materials Stock Spikes After JV Deal With Saudi Arabia′s Flagship Mining Company (ZeroHedge)
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MP Materials Stock Spikes After JV Deal With Saudi Arabia's Flagship Mining Company
MP Materials stock is up more than 6% heading into the cash open after the company announced a rare earth refinery joint venture with Saudi Arabia's flagship mining company.
MP, the U.S. Department of War, and Saudi Arabia's state mining giant Maaden have announced a joint venture to build a rare earth refinery in Saudi Arabia, marking one of the first major projects under a new U.S.–Saudi framework for critical mineral cooperation, the company wrote in a release this morning.
The venture is intended to diversify and stabilize the global rare earth supply chain, reducing reliance on adversarial sources while supporting manufacturing and defense needs in both countries and their allies.
The refinery will process rare earth feedstock from Saudi Arabia and other regions, producing separated light and heavy rare earth oxides for U.S., Saudi, and allied markets.
MP Materials CEO James Litinsky said, “We are h...
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04.11.25 - 12:33
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95% Of Iran′s 427,000 Active Crypto-Miners Operate Illegally, Official Says (ZeroHedge)
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95% Of Iran's 427,000 Active Crypto-Miners Operate Illegally, Official Says
Authored by Amin Haqshanas via CoinTelegraph.com,
Iran's crypto mining industry is facing a widespread illegal mining crisis, with authorities estimating that over 95% of the country's 427,000 active mining devices are operating without authorization.
Akbar Hasan Beklou, CEO of the Tehran Province Electricity Distribution Company, said on Sunday that Iran has become the world's fourth-largest crypto mining hub, fueled by the country's heavily subsidized electricity prices, which have made it a “paradise for illegal miners.”
These unlicensed operations consume more than 1,400 megawatts of power around the clock, placing immense pressure on the national grid and threatening the stability of electricity supplies.
Beklou noted that most illicit miners disguise their activities as industrial facilities to access cheaper power.
Iran's cheap cost of mining Bitcoin. Source: Bitcoin Archive
Iran shuts down 104 ille...
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16.10.25 - 02:06
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Weddings, Festivals Boost Gold Sales in Asia and Middle East (Bloomberg)
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Puja Badiyal rushed to finish her jewelry shopping in the northern Indian city of Ludhiana at the weekend, not just because her son's wedding was approaching fast. She was on a mission to lock in purchases before the dizzying surge in gold prices squeezed her budget any further....
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19.09.25 - 10:09
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Watch: Israel′s Game-Changing ′Iron Beam′ Intercept System Declared Operational (ZeroHedge)
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Watch: Israel's Game-Changing 'Iron Beam' Intercept System Declared Operational
The past nearly two years of war in Gaza, and accompanying conflicts from Lebanon to Iran to Yemen - has seen Israel's air defenses work harder than ever. Recent ballistic missile and drone attacks out of Yemen have meanwhile resulted in at least some missiles getting through, even hitting Tel Aviv's Ben Gurion International Airport. Replenishments of Israel's sophisticated anti-air defense layers are extremely expensive as well, which is why starting over a decade ago Tel Aviv began actively developing other means of aerial defense.
The IDF military has just rolled out its new high-powered laser defense system, known as the "Iron Beam". It has passed a final round of testing, announced the defense ministry on Wednesday, and could be ready for active deployment as soon as by close of 2025.
Rafael Advanced Defense Systems
Developed by the defense company Rafael in partnership with the Defense Ministr...
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