US federal critical minerals support under the Trump administration has reached about $18.6 billion across 60 financings, with roughly $15.9 billion in loans, $2.1 billion in equity and $615 million in grants, but BMO Global Commodities Research says the allocation is heavily skewed to rare earths despite their modest $3.5 billion global market. Major rare earth packages include a $565 million DFC facility for Brazil’s Serra Verde, USA Rare Earth’s planned $2.8 billion acquisition of the asset, and a $400 million US DoD stake in MP Materials. By contrast, tungsten projects such as Fireweed Metals’ Mactung and Northcliff Resources’ Sisson have received only about $15–16 million each, with antimony, nickel, cobalt, tantalum and tin seeing minimal support, signalling continued funding gaps for non-REE critical metals.

India’s government is urging citizens to halt gold jewellery purchases for 12 months to protect foreign-exchange reserves as Middle East conflict-driven oil prices widen the trade deficit and pressure the rupee. Jewellery demand reached about 440 tonnes in 2025, with a further 280 tonnes in bars and coins, and gold already makes up roughly 17% of India’s FX reserves, so even partial compliance could soften physical premiums, lift London vault inventories and marginally cap global prices. Enforcement is unclear, with past curbs pushing buying into recycling and smuggling rather than cutting total consumption.

HSE has banned dry cutting of engineered stone in the UK and ordered a shift towards lower-silica materials after two worker deaths from silicosis in the sector. The guidance requires wet cutting or on-tool extraction with high-efficiency local exhaust ventilation for any remaining high-silica products, bringing practice closer to controls already used on tunnelling and concrete cutting. Fabricators and contractors now face mandatory process changes, material substitution reviews, and likely revisions to COSHH risk assessments and respiratory protection programmes.