Daily Mining News Roundup – February 21, 2026
The mining sector continues to buzz with activity as significant developments unfold across the globe. From major lithium project collaborations in Argentina to critical mineral initiatives and production updates, today’s roundup highlights key stories shaping the industry.
Strengthening Lithium Partnerships in Argentina
In a move to bolster lithium production and industrialization, Salta’s Minister of Production and Mining, Ignacio Lupión, has engaged in discussions with Ganfeng Lithium, Rio Tinto, and POSCO. This meeting aims to solidify partnerships around multi-billion-dollar lithium projects in Salta. These projects are not only expected to enhance lithium output but also to create skilled employment opportunities in the region. Rio Tinto’s Rincón Project, targeting an annual production of 50,000 tonnes of battery-grade lithium carbonate, is on track with its infrastructure development, while POSCO’s lithium carbonate plant is set for completion this year, promising to generate up to 5,000 jobs at its peak. [Source]
Teck’s Red Dog Mine Faces Production Challenges
Teck Resources is investing approximately $180 million this year to extend the life of its Red Dog Mine in Northwest Alaska, as the operation grapples with dwindling reserves. In 2025, the mine produced 1 billion pounds of zinc and 236 million pounds of lead. Despite the output decline, Teck remains committed to sustaining the mine’s operations, highlighting the challenges faced as mineral reserves deplete. [Source]
Advancements in Gallium Extraction in Peru
A new gallium extraction project has been announced at the Quiulacocha tailings site in Peru, emphasizing the potential of tailings reprocessing for critical metals. This initiative underscores the growing importance of extracting valuable elements from existing mining waste, aligning with global trends in sustainable mining practices. [Source]
Critical Minerals Ministerial Seeks Secure Supply Chains
The 2026 Critical Minerals Ministerial, held in recent days, saw the U.S. and its partners advancing initiatives to secure critical mineral supply chains. This effort is part of a broader strategy to reduce dependence on single-source suppliers and ensure a stable supply of key minerals essential for technology and renewable energy sectors. [Source]
Newmont’s Gold Production Declines but Profits Soar
Newmont Corporation reported a 24% decline in gold production, but the company exceeded profit expectations, buoyed by a global gold price rally. This highlights the complex dynamics of mining operations where production volumes may fall, yet financial performance can still improve due to favorable market conditions. [Source]
While these developments reflect a vibrant and adaptive mining sector, it’s important for investors and industry stakeholders to consider the inherent risks and uncertainties in the market. As always, past performance does not guarantee future results, and individual investment decisions should be made in consultation with financial advisors, bearing in mind the potential for market volatility.
Stay tuned for further updates as these stories and others continue to evolve in the coming months.
