Trump says Russia being thrown out G8 was a ‘big mistake'
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U.S. President Donald Trump says the Russia-Ukraine conflict wouldn't have happened if Russia remained in the G8.
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CTV News
37 minutes ago
- CTV News
Teck Resources eyes output boost for chipmaking-metal germanium
The Teck Resources logo is seen on a podium before the company's special meeting of shareholders, in Vancouver, B.C., Wednesday, April 26, 2023. THE CANADIAN PRESS/Darryl Dyck LONDON — Canada's Teck Resources is weighing options to expand production of germanium, a strategic metal key to chipmaking, and is currently talking with governments, including Canada and the United States, on available funding, said Doug Brown, VP communications & government affairs. Teck's plan comes amid growing efforts to diversify supplies of critical minerals needed for the tech and defense sectors, as geopolitical tensions and trade barriers complicate access to materials mainly produced or refined in China. 'We are examining options and market support for increasing production capacity of germanium,' he told Reuters. China, which supplies around 60 per cent of the world's refined germanium, restricted exports of the metal - along with gallium and antimony, all having broad military applications - to the United States, further escalating trade tensions between the world's two largest economies following Washington's crackdown on Beijing's chip sector. The export curbs were part of a broader effort launched in 2023, when China began imposing restrictions on critical mineral shipments, citing national security concerns. By controlling the export of these minerals, China aims to exert influence over the industries that use them, including renewable energy, defense, and chip manufacturing. Germanium is also used in semiconductors and infrared technology, fiber optic cables and solar cells. Teck is exploring ways to add to the current processing line using existing technology as one of the options, Brown said. Teck is North America's biggest germanium producer, and the fourth largest globally. Most of its germanium, a by-product of zinc ore concentrate at its Red Dog operations in Alaska, goes to the United States, via smelting and refining in British Columbia. Canada's germanium exports to the United States are currently exempt from tariffs as they comply with the USMCA (United States, Mexico, Canada) trade agreement. In a speech in Washington last January, Canada's Energy and Natural Resources Minister Jonathan Wilkinson welcomed partnerships with the United States to invest in critical minerals, including germanium. Canada's Energy Ministry declined to comment on funding for Teck, while saying that the prime minister is leading broader trade negotiations with the United States. (Reporting by Clara Denina; editing by David Evans)
Global News
38 minutes ago
- Global News
Trump says U.S. intelligence ‘wrong' about Iran's nuclear capabilities
U.S. President Donald Trump said on Friday that his Director of National Intelligence, Tulsi Gabbard, was wrong in suggesting there is no evidence Iran is building a nuclear weapon. Trump contested intelligence assessments relayed earlier this year by his spy chief that Tehran was not working on a nuclear weapon when he spoke with reporters at an airport in Morristown, New Jersey. 'She's wrong,' Trump said. Gabbard testified to Congress in March that the U.S. intelligence community continued to judge that Tehran was not working on a nuclear warhead. Trump's comments came as the president has said he would weigh involvement in the Iran-Israel conflict over the next two weeks. Israeli Prime Minister Benjamin Netanyahu has justified a week of airstrikes on Iranian nuclear and military targets by saying Tehran was on the verge of having a warhead. Story continues below advertisement 0:45 'A real end': Trump says he wants Iran to 'give up entirely' on nuclear weapons Gabbard's office has previously pointed to quotes from the spy chief saying that she and Trump were 'on the same page' regarding the status of Iran's nuclear program. Get daily National news Get the day's top news, political, economic, and current affairs headlines, delivered to your inbox once a day. Sign up for daily National newsletter Sign Up By providing your email address, you have read and agree to Global News' Terms and Conditions and Privacy Policy Iran denies developing nuclear weapons, saying its uranium enrichment program was only for peaceful purposes. A source with access to U.S. intelligence reports told Reuters that the assessment presented by Gabbard had not changed. They said U.S. spy services also judged that it would take up to three years for Iran to build a warhead with which it could hit a target of its choice. Some experts, however, believe it could take Iran a much shorter time to build and deliver an untested crude nuclear device, although there would be no guarantee it would work. Story continues below advertisement Trump has frequently disavowed the findings of U.S. intelligence agencies, which he and his supporters have charged – without providing proof – are part of a 'deep state' cabal of U.S. officials opposed to his presidency. The Republican president repeatedly clashed with U.S. spy agencies during his first term, including over an assessment that Moscow worked to sway the 2016 presidential vote in his favor and his acceptance of Russian President Vladimir Putin's denials. Gabbard, a fierce Trump loyalist, has been among the president's backers who have aired such allegations.
The Market Online
44 minutes ago
- The Market Online
@ the Bell: Markets mixed as Trump eyes role in Middle East conflict
Equities trading in Canada's largest centre fluctuated between gains and losses on Friday, as strength in the financials sector was offset by declines in mining and energy stocks. This came after fears of immediate US military involvement in the Israel-Iran conflict eased temporarily. On Thursday, the White House stated that President Donald Trump would decide within two weeks on whether the US would join Israel in the conflict. Meanwhile, US markets remained relatively flat. Federal Reserve Governor Christopher Waller expressed a more optimistic outlook than Fed Chair Jerome Powell had earlier in the week, suggesting that inflation was subdued enough to allow for a potential interest rate cut at the Fed's next meeting. The Canadian dollar traded for 72.82 cents US compared to 72.97 cents US on Thursday. US crude futures traded $0.14 lower at US$75.00 a barrel, and the Brent contract lost US$1.55 to US$77.30 a barrel. The price of gold was down US$8.58 to US$3,365.42. In world markets, the Nikkei was down 85.11 points to ¥38,403.23, the Hang Seng was up 292.74 points to HK$23,530.48, the FTSE was down 17.15 points to ₤8,774.65, and the DAX was up 293.17 points to €23,350.55. The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.
