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September 10, 2025 - In dealmaking news, Anglo American and Teck Resources are merging their businesses in a deal that will create a $53 billion copper producing powerhouse called Anglo Teck. The deal is one of the biggest ever in the mining industry and pushed Anglo American shares 10% higher in early London trade. A new report from the Center for American Progress finds what those of us who are paying our utility bills already know: electricity rates increased by nearly 7 percent between June 2024 and June 2025, with even more increases expected. Utilities have either increased rates or are set to do so in 41 states and Washington, with half of the nation’s electric customers and more than one-third of the gas customers affected. Rate increases are due to a variety of factors, including power hungry data centers, weather events and infrastructure updates.
And there’s big news from Energy Fuels, a leading U.S. producer of uranium, rare earth elements and other critical minerals. The company today announced that U.S. mined and processed Rare earths produced at its White Mesa Mill in Utah have been successfully manufactured into permanent magnets for use in EVs and hybrids. It’s a major achievement in building out domestic critical mineral supply chains that are independent of China.
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