Minerals

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In a follow-up to last month's announcement of plans for a nationwide aerial minerals survey, Egypt’s Petroleum and Mineral Resources Minister Karim Badawi reviewed progress with the Mineral Resources and Mining Industries Authority, confirming cabinet approval to contract X-Calibur for the key 2026 project and advancing a digital portal for mining investments.

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Washington says the Forge initiative is about securing supply chains against shocks and price coercion, not building an exclusive bloc. Beijing has claimed it targets China, but a US official rejected this on Thursday.

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