China's niobium discovery, and Canadian mortgage crisis

Hey everyone.

I was going to make one final poll on science, but realized that most of the top-rated science discoveries can be put into already existing categories: environment, health and technology. I will analyze the results and add a link with the findings to one of these emails.

A huge thank you to everyone who participated!

Today ChatGPT read 1001 top news stories. After removing previously covered events, there are 2 articles with a significance score over 7.

[7.2] China finds niobobaotite; may end reliance on imported niobium. — South China Morning Post

China has discovered a new type of ore, named niobobaotite, in the world's largest rare earth deposit. The ore contains niobium, a metal crucial to the steel industry and known for its superconducting properties. Currently, China imports 95% of its niobium, mostly from Brazil, which dominates global production; the new discovery could potentially make China self-sufficient in niobium.

[7.1] Canadian homeowners face higher mortgage rates, distress sales expected. — Reuters

Approximately 75,000 Canadian homeowners who are awaiting mortgage renewal notices next month may face a shock interest rate increase due to a global bond rally, which will further strain their tight household budgets. Renewed home loan rates could reach 7%, pushing up the average Canadian mortgage by at least a few hundred dollars per month. With around CAD 200 billion ($146.36 billion) in home loans coming up for renewal next year, mortgage brokers and lawyers are preparing for more distress sales in the property market.

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Thanks for reading us and see you tomorrow,

Vadim