Gold looks ‘best hedge’ as debt-ceiling angst builds, RBC says RBC Capital Markets strategist says the fraught negotiations had set the stage for a near-term boost to bullion. Bloomberg News | May 12, 2023 | 9:49 am
China’s copper woes damp spirits of traders in Asia What’s changed is a slew of data indicating that China’s recovery is losing momentum. Bloomberg News | May 11, 2023 | 5:16 pm
Quebec energy shortfall hurts EV supply chain, says lithium CEO “Only a few years ago, you wanted to build a mine, there wasn’t a question of whether you would get the power or not," Sayona's CEO says. Bloomberg News | May 11, 2023 | 3:06 pm
Faster energy permitting gains traction in US debt-limit talks One Republican representative says chances are “better than 50/50” that a deal will include some agreement on an energy permitting overhaul. Bloomberg News | May 11, 2023 | 2:07 pm
Brazil seeks investor-friendly approach to lithium in bid to tap EV boom The main focus for now is attracting investors to produce and export lithium concentrate from Brazil’s hard rock deposits. Bloomberg News | May 11, 2023 | 12:07 pm
China’s weak industrial recovery is weighing on coal consumption Key industrial users of the fuel including steel mills and cement plants are demanding more discounts on coal purchases to help cover losses. Bloomberg News | May 11, 2023 | 8:23 am
Head of new lithium giant building supply chain for Americas “America-centric is a big differentiator for us with customers, with investors,” said Livent CEO Paul Graves. Bloomberg News | May 11, 2023 | 7:57 am
Deadly Peru mine is partner in Switzerland’s efforts to clean up gold supply Top Swiss-based refiner Metalor is currently the mine’s only gold buyer, which shipped $363 million worth of gold to Switzerland since 2016. Bloomberg News | May 10, 2023 | 12:59 pm
Africa needs $700 billion of finance for green energy and metals The continent’s financial institutions won’t be able to provide even half of that, according to Standard Bank. Bloomberg News | May 10, 2023 | 7:48 am
Chile Senate committee provisionally approves new royalty limit The government agreed to amend its mining royalty bill to cap the maximum effective tax rate at 46.5% of operating profit from 47% previously. Bloomberg News | May 9, 2023 | 11:18 am
Deadly gold mine fire in Peru highlights dismal safety record Between 2010 and 2021, more than 500 workers died in Peru, twice the deaths compared to neighboring Chile. Bloomberg News | May 8, 2023 | 1:22 pm
US is vulnerable to China’s lock on key minerals, Biden aide says “We can’t be in the position Europe was in front of the invasion of Ukraine,” said John Podesta, senior White House adviser for clean energy. Bloomberg News | May 8, 2023 | 11:12 am
