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Taiwan's chip industry is not affected by China's rare earths restrictions
Taiwan's Economy Ministry said that the new Chinese restrictions on rare earths will not have a significant impact on the semiconductor industry as these metals are different from those needed in the chip sector. China tightened its control of the rare earths sector in advance of the talks between Donald Trump and Xi Jinping. Beijing added five new elements to its export controls and increased scrutiny on chip users. Taiwan's Economy Ministry said in a press release about China's new regulations that the rare earth elements covered by the expanded prohibition differ from those required for Taiwan's semiconductor process, and therefore no significant impact is expected on chip manufacture at this time. It added that the majority of products or derivatives for domestic use containing rare Earths are sourced from Europe and Japan. Taiwan is the home of the largest contract chipmaker in the world, TSMC. It produces the vast majority advanced chips which are a critical component for artificial intelligence applications. The ministry said that China's recent expansion of controls may affect global supply chains, including those for electric vehicles and drones. It added that the impact would need to be closely monitored. On Sunday, China justified its restrictions on the export of rare earth metals and equipment by claiming that they were based on concerns about their military applications in a period of "frequent war". (Reporting and editing by Raju Gopikrishnan; Ben Blanchard)
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US intelligence assists Ukraine in targeting Russian energy infrastructure, reports FT
Financial Times reported that the U.S. had been helping Ukraine launch long-range attacks on Russian energy infrastructure for months as part of a joint effort to weaken Russia's economy and force Vladimir Putin to the negotiation table. The newspaper reported that U.S. intelligence helped Kyiv to strike Russian energy assets including oil refineries far beyond the front lines, citing anonymous U.S. and Ukrainian officials familiar with this campaign. Requests for comments were not immediately responded to by the White House, Ukrainian president Volodymyr Zelenskiy’s office or Ukraine's Foreign Ministry. The Russian Foreign Ministry did not immediately respond to requests for comment. This month, Moscow claimed that Washington and the NATO alliance regularly provided intelligence to Kyiv regarding the war Putin started in February 2022. The Kremlin's Dmitry Peskov said that the use and supply of NATO and US infrastructure to collect and transmit intelligence to Ukrainians was obvious. The FT reported that U.S. Intelligence helps Kyiv to shape route planning and altitude decisions, as well as timing and mission choices, enabling Ukraine’s long-range one-way drone attack aircraft to evade Russian defences. Three people with knowledge of the operation said that the United States was closely involved at all stages in planning. According to a U.S. official, Ukraine chose the targets of long-range attacks and Washington provided intelligence about the sites' vulnerability. Two U.S. officials said in early February that Washington would provide Ukraine intelligence on long-range targets of energy infrastructure in Russia as it considers sending Kyiv missiles which could be used for such strikes. Officials from the United States said that they had also asked NATO members to provide similar assistance. Zelenskiy stated on Saturday that he discussed Russian attacks against the Ukrainian energy system during a "positive" and "productive" phone call with U.S. president Donald Trump. "We discussed the opportunities for bolstering our air defense as well as concrete agreement that we are working to ensure." Zelenskiy wrote on X that there are solid options and ideas for how we can truly be strengthened.
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Taiwan doesn't depend on China for rare earths
Taiwan's Economy Ministry said that most rare earth materials are imported from Europe, Japan and the United States, but it is still too early to assess the impact of China's new restrictions on the semiconductor industry. China tightened its control of the rare earths sector in advance of talks between Donald Trump and Xi Jinping. Beijing added five new elements to the controls and increased scrutiny on chip users. In a statement on China's new regulations, Taiwan's Economy Ministry said that the majority of rare-earth materials required domestically were supplied by Europe and the United States. The impact of the semiconductor industry on its operation still needs to be assessed and reassessed. "We will continue to monitor any changes in raw materials costs and indirect effects of supply-chain adjustment," the company said. Taiwan is the home of the largest contract chipmaker in the world, TSMC. It produces the vast majority advanced chips which are a critical component for artificial intelligence applications. On Sunday, China had defended its restrictions on the export of rare earth metals and equipment. It said that they were motivated by concerns about their military applications in a period of "frequent war". Ben Blanchard reports.
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Beijing accuses the US of raising trade tensions and defends rare Earth curbs
China called Donald Trump's recent U.S. Tariffs on Chinese Goods Hypocritical on Sunday. It defended its curbs to exports of rare-earth elements and equipment but did not impose new levies against U.S. goods. Trump responded on Friday to Beijing's latest export controls with additional tariffs of 100 percent on China's U.S. bound exports and new export controls for critical software by Nov. 1. Wall Street has been rattled by the renewed trade tensions. They have sent shares of Big Tech tumbling. They are also worried about foreign companies that depend on China's production for processed rare earths or rare earth magnets. And they could even derail a meeting between Trump and Chinese president Xi Jinping scheduled later this month. China's Commerce Ministry said that its export controls for rare-earth metals - described by Trump as "surprising and very hostile" on Friday - were a result of a series U.S. actions since bilateral trade negotiations in Madrid last month. Beijing cited as examples the addition of Chinese firms to a U.S. blacklist of companies and Washington's imposition port fees on China linked ships. These actions have seriously damaged China's economic interests and undermined the climate for bilateral trade and economic talks. China is firmly against them," said the ministry. Beijing did not explicitly link these U.S. measures to its export restrictions on critical minerals. Instead, it said that its curbs had been motivated by concerns about the military applications of these metals in a period of "frequent war". The U.S. also delayed announcing a similar levy on U.S.-bound imports to China, unlike earlier this year when both superpowers gradually increased tariffs against each other, until the U.S. was at 145% and China's rate was 125%. The right way to deal China is to not threaten to impose high-tariffs at the drop a hat. China's stance on tariff wars is consistent: "We don't like to fight but we're not afraid to fight," said the Commerce Ministry. China's refusal to respond immediately to Trump's first salvo could open the door for both countries in negotiating a deescalation.
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Protests in Tunisia's Gabes intensify amid an environmental crisis
Tunisian Police fired tear gas at protesters in front of the Tunisian Chemical Group (CGT) headquarters for phosphates located in the southern city Gabes after residents stormed into the facility to demand its closure due to environmental pollution and respiratory illness. The protest shows the tensions that President Kais Said's government is under, which are already stretched by the deep financial and economic crisis. They must balance the demands of public health with the production phosphate, Tunisia’s most valuable resource. The protest turned violent when the police used tear gas to force the protesters away from the site. They then chased them through the streets of the city. Witnesses reported that protesters had set fire to the branch office in the city of the complex administration. Emergency teams were trying extinguishing the fire. Protesters in the city blocked roads. Witnesses and videos posted on social media said that earlier in the day demonstrators were at the facility, chanting slogans for its dismantling and closure. Saied, in an attempt to calm the anger and protests that were escalating, met with the Ministers for Environment and Energy late Saturday night, and asked them to send a delegation to make the necessary repairs to the phosphate unit of the complex. Khaireddine dbaya, a protester, said: "Gabes is a city that kills. People are struggling to breath, and many suffer from cancer, or have bone fragility, due to the severe air pollution." GABES SUFFERING ENVIRONMENTAL CRISE CGT has not responded to attempts to comment on the situation at Gabes. It has never responded to pollution accusations in the past. Saied claimed last week that Gabes is suffering from an "environmental attack" because of what he called old, criminal policies. He blamed them for widespread illnesses and the destruction local ecosystems. In 2017, the authorities committed to demolish the Gabes Complex and replace it by a facility meeting international standards. They acknowledged that its emissions were a threat to local residents. The plan has not yet been implemented. Gabes' Chatt Essalam Sea receives tons of industrial waste every day. Environmental groups have warned that marine life is severely affected. Local fishermen report a dramatic drop in fish stocks in the last decade. This has hit a vital income source for many in the area. This week, a new wave of protests erupted after dozens schoolchildren suffered from breathing problems caused by toxic fumes coming from a nearby plant. Videos of panicked parents, emergency crews and students struggling to breath fueled public outrage. Calls for the closure of the plant were also sparked. The government wants to revitalize the phosphate sector by increasing production by fivefold, to 14 million tons by 2030. This will allow it to take advantage of a growing global demand. Reporting by Tarek Amar; Editing By Toby Chopra & Alistair Bell
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Iran is open to US nuclear proposal that is 'fair and balanced'
Iran is open to a "fair and balanced proposal" from the United States, but Tehran still hasn't received any negotiation proposal, said Iran's top diplomat on Saturday. Abbas Araqchi, Iran's foreign minister, told state TV that he would consider any American proposal for negotiation if it was reasonable, fair, and balanced. Araqchi, however, said that Tehran would not give up "its right to enrich uranium", but could take confidence-building steps regarding "the peacefulness of its nuclear program." Araqchi added that Washington and Tehran had been exchanging messages via mediators. Israel, the United States and its European allies accuse Tehran, of hiding behind its nuclear program efforts to try and develop the ability to produce weapons. Iran claims its nuclear program is only for peaceful purposes. Before a 12-day conflict between Iran and Israel, in which Washington took part by attacking key nuclear sites, Tehran held five rounds with Washington on nuclear issues. However, there were major obstacles, such as the uranium enrichment of Iranian soil. The West wants to reduce this to zero, to minimize any threat of weaponisation.
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Tunisian protesters storm chemical complex due to health concerns
Witnesses said residents entered the state run Tunisian Chemical Group (CGT) complex of phosphate in Gabes, the southern city, on Saturday and demanded its closure for environmental pollution prevention and respiratory illness. Witnesses said that the protest highlighted the pressure being placed on the government of President Kais Said, which is already under strain due to a severe economic and financial crisis. The protest called for the closure of the phosphate complex in Gabes, Tunisia, because it was causing environmental pollution and respiratory illnesses. Witnesses and videos posted on social media show that demonstrators were walking through the facility, chanting slogans for its dismantling and closure. The complex was surrounded by military vehicles and soldiers, but no incidents were reported. Khaireddine dbaya, a protester, said: "Gabes is a city that kills. People are struggling to breath, and many suffer from cancer, or have bone fragility, due to the severe air pollution." GABES SUFFERING ENVIRONMENTAL CRISE CGT has not responded to attempts to comment on the situation at Gabes. Last week, President Saied claimed that Gabes is suffering from an "environmental assassination", due to what he referred to as criminally old policy choices. He blamed them for widespread illnesses and the destruction local ecosystems. He called for swift action to combat an ongoing environmental crisis. In 2017, the authorities committed to demolish the Gabes Complex and replace it by a facility that met international standards. They acknowledged that its emissions were a danger for local residents. The plan has not yet been implemented. Gabes's Chatt Essalam Sea is dumping tons of industrial waste every day. Environmental groups have warned that marine life is severely affected. Local fishermen report a dramatic drop in fish stocks in the last decade. This week, dozens of children suffered from breathing problems caused by toxic fumes coming from a nearby plant. Videos of panicked parents, emergency crews and students struggling to breath fueled public outrage. Calls for the closure of the plant were also sparked. The government wants to revitalize the phosphate sector by increasing production by fivefold, to 14 million tons by 2030. This will allow it to take advantage of the growing global demand. (Reporting and editing by Toby Chopra; Tarek Amara)
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India's UTI Asset Management stops new investments in Silver ETF
UTI Asset Management Company announced on Saturday that it has suspended new lump-sum investments and switch-ins into the UTI Silver ETF Fund of Fund until October 13, 2025. Asset manager explained that this is due to the current market conditions, and the shortage of silver on the domestic market. The metal is trading at a premium compared to international prices. The premium in domestic silver price directly impacts the value of the scheme. UTI is now the second fund manager this week to limit new investments in silver-based funds. Kotak Mahindra Asset Management Company temporarily halted new investments in a Silver ETF Fund of Fund on Thursday. Kotak has said that it will lift the restrictions in the next two weeks, as the supply increases after Diwali. Silver spot reached a new record of $51.22 an ounce, topping the $51 level for the very first time. Silver premiums over the official domestic price in India, which is the world's largest silver consumer, jumped up to 10% on Thursday due to strong demand for investment ahead of an important festival and limited supply, according bullion dealers. (Writing by Sai Ishwarbharath B in Bengaluru. (Editing by Jane Merriman).
As Trump promotes data centers, communities push back
Trump outlines government role in data centers
The community has become more organized and responsive.
Learn from other localities by forming a network.
By Carey L. Biron
Trump announced an AI strategy in the last month, aimed at achieving U.S. leadership by cutting regulations, accelerating permits and making land and infrastructure available for data centers.
The strategy was announced after his executive order that named AI as a key component of national security, and an announcement by the private sector to invest $500 billion in a plan called "Project Stargate", which would boost AI development throughout the country.
Data centers are the brain, engine and memory of AI and cloud computing, which is used to power everything from toys for children to office efficiency and military analysis.
Local communities have expressed concern over the development of data centers that clog up already populated areas and contribute to congestion, traffic, light and noise pollution, as well as a lack of water and increased energy costs.
As they become more organized, they are building a national network that links areas with similar development challenges.
Data Center Watch reports that 140 activist groups are fighting to stop the development of data centers in 24 states. Local opposition has slowed or stopped projects worth $64 Billion in the last two years.
Morgan Butler, senior attorney at the Southern Environmental Law Center, says that under the government's latest strategy, data centers are treated in a similar way to military installations when it comes to preferential regulatory treatment.
He said that local governments could use their zoning and land-use authorities to approve or deny data center development. However, the new government strategy would rob them of all information they need to make decisions.
He said that the strategy "threatens" to discourage localities and states from adopting ordinances which limit data center development.
He said that residents are deprived of the information needed to take action.
It is harder to convince the local government of the correct decision if the information you have on hand is not accurate.
The White House has not responded to a comment request.
'HYPER-LOCAL FOCUS'
A massive increase in data centers over the past few years has led to nearly half of all data centers around the world being located in America.
Amazon, Google, Meta, as well as less-known developers like QTS are building data centers. The U.S. Department of the Interior Department is also looking for public lands that could be developed.
Many localities are eager to host this type of development in order to create jobs and boost economic growth.
According to a report released in February by the Data Center Coalition (an industry group), the data-center sector contributed $727 billion and 4.7 million jobs to the Gross Domestic Product (GDP) of the United States in 2023.
Some communities are not as enthusiastic.
Ben Inskeep is the program director of Citizens Action Coalition in Indiana, a utility watchdog group.
He said that locals find it frustrating how they operate in secrecy and wait until the very last moment to announce the construction of a new data center.
He said that communities have sought out other groups who have had similar experiences.
Inskeep stated that his coalition tracks 40 data center proposals across Indiana. Six of these have been withdrawn due to local objections.
Wendy Reigel of Chesterton, in northern Indiana led an effort last year to stop the development of a huge data center on an old golf course in a 500-home neighbourhood.
She said, "You would never have thought that a golf course for commercial purposes could become a heavy industry."
She said that the developer retracted its application, but then moved on to other nearby communities. Each of them also fought against it.
She said that the key to success is to have a "hyperlocal" focus.
The main goal is to attend the meetings. Send your viewpoint, put up yard signs and speak to people who will make the decision.
NEW TOOLS
New tools are being developed to address local concerns through legal and legislative reforms.
The state of Oregon created a new category of power users for data centers in June. This was done because of concerns about the costs of massively increased electricity usage by these operations.
Bob Jenks said that previously, costs were "spread out like peanut butter" to all users. This strategy made sense because power demands rose at a similar rate, according to Jenks.
In the last five years, industrial customers including data centers have increased their demand by 95%.
Jenks stated that electricity rates have increased by 50% over the last five years. Last year, a record number residential customers were disconnected due to non-payment.
Similar bills have been introduced in Pennsylvania and other States.
Vida Carroll lives in rural Prince William County and is concerned about the future development of Virginia's data centers, the most concentrated in the world.
She said that communities across the country are experiencing similar problems to those Virginians are facing.
She said that the actions of residents in Northern Virginia influenced elections and led to some data center proposals being scaled back.
She said that in August, they won a court case against a 2,100-acre proposed data center complex. The construction of the transmission line, and the prospect of increased electricity rates, had been a concern for residents of the area for many years.
(source: Reuters)