Episode Details
Back to EpisodesUS-Iran Talks Secure Hormuz Roadmap, China Bans Rare Earth Exports to MP Materials, Pentagon Backs Energy Fuels With $725 Million, and Newmont Cadia Hit by Twin Quakes
Published 3 months, 3 weeks ago
Description
Episode Date: June 22, 2026 | Host: Logan Ore
On today's Mining Insider:
- US-Iran Switzerland talks: 60-day roadmap agreed; Hormuz communication line established; Brent at $78; VP Vance calls talks 'historic'; technical discussions continue through the week
- China rare earth ban: 10 US entities on export control list — MP Materials and USA Rare Earth named; immediate full prohibition (upgrade from licence requirement); 46 more US firms hit by China finance ministry procurement ban
- Energy Fuels Pentagon loan: $725M conditional 20-year senior-secured loan from DoD Office of Strategic Capital; White Mesa Mill, Blanding Utah; NdFeB magnets for F-35s and EV drivetrains; mine-to-magnet supply chain
- Newmont Cadia: mag 3.4 + 3.2 earthquakes June 19-20; second halt in 9 weeks; no injuries, no structural damage; staged restart Sunday; Cadia = ~11% of Newmont NAV
Tomorrow's Flashpoint: BHP-ETU meeting June 23 — most consequential labor discussion yet; strike notice could follow this week if talks fail; $120M/day in iron ore revenue at risk.
Sources: ProtoThema/Reuters, CNBC, India Today, InvestingLive/China MofCOM, Skillings Mining Intelligence, MarketScreener/Newmont ASX announcement