Industry veteran Jim Trout is building his third major data center company, CleanArc, with backing from Nuveen and other investors. The company’s Virginia campus will deliver 600MW of capacity by 2027, targeting hyperscale clients with renewable energy matching agreements.
South Africa’s critical minerals strategy faces significant challenges with thin investment incentives and regulatory uncertainty. The country’s approach contrasts with other African nations implementing more aggressive policies to capture value from the green energy transition.
Three major copper-importing nations have issued a rare joint statement expressing deep concerns about plummeting copper processing fees. The warning comes as smelters worldwide face negative charges in some spot deals, forcing them to pay miners for processing services.
According to reports from Reuters, the industrial ministries of Japan, Spain, and South Korea have taken the unusual step of issuing a joint statement expressing serious concerns about the sustainability of current copper treatment and refining charges (TC/RCs). The three nations, all significant importers of copper concentrate with domestic smelting operations, warned that the current market environment prevents sustainable development for both smelters and miners.
