Saudi Arabia flags commodity trading ambitions with DME stake

The owner of Saudi Arabia’s stock market has acquired a 32.6% stake in the Dubai Mercantile Exchange.

Bloomberg News | January 18, 2024 | 7:51 am

Foreign-backed nickel hub in Indonesia causing mass deforestation – report

Climate Rights International says the Weda Bay Industrial Park operators have cut down more than 5,300 hectares of tropical forest.

Reuters | January 17, 2024 | 5:31 pm

BHP flags possible writedowns at nickel unit on low prices

Production from Western Australia on a 100% basis was 72.7 million tonnes.

Reuters | January 17, 2024 | 1:54 pm

Sumitomo participates in FPX Nickel financing to gain 9.9% stake

FPX owns 100% of the Baptiste nickel project in the Decar nickel district of British Columbia.

Staff Writer | January 17, 2024 | 11:08 am

Serbia wants talks with Rio Tinto over Jadar lithium project

Belgrade revoked licences for Rio's $2.4 billion Jadar lithium project in Western Serbia in January 2022.

Reuters | January 17, 2024 | 9:44 am

China’s CBC increases stake in Bolivia lithium mining

The agreement provides for a further $90 million investment.

Reuters | January 17, 2024 | 8:50 am

Lithium venture in Chile in talks with EV firms to invest in mine project

A joint venture valued at $1.5 billion to $2 billion that wants to become Chile’s third lithium producer is in talks with investors to bankroll its project.

Bloomberg News | January 17, 2024 | 7:49 am

Albemarle to cut jobs, halt expansions and sell stake in Liontown

The world's top lithium producer expects to reduce costs by $95m a year by reducing expenses, cutting jobs and selling unwanted assets.

Cecilia Jamasmie | January 17, 2024 | 3:43 am

AustralianSuper swoops on lithium stocks after price plunge

The Melbourne-based fund raised its stake in Pilbara Minerals to 6.12% earlier this month.

Bloomberg News | January 16, 2024 | 5:06 pm

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Receivers look to sell Australia’s Avebury nickel mine by Christmas

IRA, EGD and now the EU move on China EVs – governments are showering mining with money

Trafigura wrestles with future of metals unit after losses

Mining M&A activity tracking towards decade high this year — report

Tesla supplier weighs Indonesia battery metal unit IPO

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