SQM Lithium Ventures to take $3 million stake in Electric Era

Macroeconomic headwinds have pushed copper futures down almost 30% from a peak in March.

The largest US aluminum producer had third-quarter adjusted loss of $60 million or 33 cents a share, missing the average estimate of 3 cents profit.

LME copper has given up 30% since touching a record peak in March.

The European Commission is weighing a proposal by the European Chemicals Agency that would classify lithium carbonate, chloride and hydroxide as dangerous for human health.

The comments come a week after Bloomberg News reported that the Biden administration is considering an outright ban of Russian aluminum.

BHP and Antofagasta said a mining royalty bill in Chile would affect competitiveness and encourage miners to reevaluate investments.

Advisory firm recommended Turquoise Hill shareholders vote for Rio Tinto’s cash offer to acquire 49% of the shares it doesn’t own for C$43 a share.

Albemarle and Piedmont are among the 20 manufacturing and processing companies winning US Energy Department grants.

Total LOM production is estimated at 3.97 million oz. of gold, peaking during 2025-2030 at average production of 360,000 oz. per year.