Coal and lithium drive Australian stocks’ outperformance in 2022 The country’s behemoth iron ore miners ended the year on a high as China’s abrupt Covid Zero reversal and a steady stream of supportive policies raised the outlook for demand. Bloomberg News | December 27, 2022 | 9:19 pm
Tesla’s tumble obliterates half of meteoric 2020 rally The electric-vehicle maker’s market valuation has shrunk to roughly $372 billion. Bloomberg News | December 27, 2022 | 8:59 am
Hedge funds lose court fight for LME disclosure of nickel crisis communications The firms are challenging moves by the LME, which cancelled about $3.9 billion worth of trades on March 8. Bloomberg News | December 23, 2022 | 7:43 am
Congo to formalize gold trade, change tax “The goal is to become a processing country, not just a production country,” Finance Minister Nicolas Kazadi said. Bloomberg News | December 23, 2022 | 7:38 am
Panama and First Quantum mull fresh talks on copper mine next week The two sides may sit down together as soon as Dec. 26, although a schedule for the talks hasn’t been confirmed. Bloomberg News | December 22, 2022 | 11:22 am
Traders’ $129 billion commodities exodus marks a historic shift In just one year, investors’ bullish exuberance for commodities has turned into a spectacular retreat. Bloomberg News | December 22, 2022 | 10:27 am
BHP set to face $12 billion UK suit over Brazil dam disaster An eight-week hearing is scheduled to proceed almost nine years after the dam collapse. Bloomberg News | December 22, 2022 | 9:22 am
JPMorgan announces new climate targets covering iron, steel The bank this year ranks as the sixth-largest arranger of loans and bond sales for oil, gas and coal companies. Bloomberg News | December 22, 2022 | 7:45 am
China’s abrupt covid shift hits supply chains from solar to coal Mysteel reports that production of coking coal used by the steel industry has halved in the top mining hub of Shanxi. Bloomberg News | December 22, 2022 | 7:28 am
BHP makes $6.4 billion binding offer for OZ Minerals The acquisition is BHP’s largest since the $12.1 billion purchase of Petrohawk Energy in 2011. Bloomberg News | December 21, 2022 | 4:38 pm
Does Elon Musk still want to be the CEO of Tesla? “Of course, I prefer Elon to be CEO but he abandoned Tesla,” Leo KoGuan, one of Tesla’s biggest individual shareholders, tweeted last week. Bloomberg News | December 21, 2022 | 9:22 am
Gold price holds gains driven by fallout from surprise BOJ yield pivot Gold steadied after rallying on Tuesday as the Bank of Japan’s unexpected yield-curve-control policy rattled markets and weighed on the dollar. Bloomberg News | December 21, 2022 | 8:43 am