Jacob Lorinc

Caterpillar Inc. posted first-quarter earnings that beat Wall Street expectations as surging electricity demand from artificial intelligence data centers boosted sales of the company’s power-generation equipment.

'Caterpillar Is Certainly Benefiting From the AI Buildout' (Justin Sullivan/Getty Images North America)

The facility at the Big River Steel Works in Osceola will supply an intermediate product known as direct reduced iron, or DRI, to the site's existing electric arc furnaces, the company said in a statement.

The planned Project Vault stockpile aims to ensure supplies of rare earths and other strategic elements, but it could upend markets instead.

MP Materials Corp. expects demand for some of the most expensive rare earth materials to drop sharply as magnet makers adopt alternative metals.

A US-owned exploration firm has signed a deal with mining veteran Richard Warke’s company to advance a long-stalled gold project in Venezuela, the latest signal of foreign interest in the country’s mineral riches.

Despite new investments in mining and refining around the world, China is positioned to keep its grip on the rare earth elements that matter most

Perpetua Resources Corp. said it secured a $2.9 billion loan from the US Export-Import Bank to develop a gold and antimony mine in Idaho.

One of the world’s largest aluminum producers, Rio Tinto Group, says its shipments of the lightweight metal to the US have bounced back to levels from before President Donald Trump’s tariff offensive.

Trilogy Metals Inc. said the US is giving the critical minerals miner more time to finalize the Pentagon’s planned $35.6 million equity investment in the company.