Aluminum rebound buoys Alcoa, muting global slowdown worries 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. Bloomberg News | October 20, 2022 | 9:51 am
Gold price under pressure as global recession risk pushes up dollar Renewed strength in the greenback has now seen bullion tumble more than 20% since a March peak. Bloomberg News | October 20, 2022 | 8:53 am
Tesla drops as Musk says demand ‘a little harder’ to come by Tesla stock has dropped 37% this year. Bloomberg News | October 20, 2022 | 8:09 am
China’s ‘blue sky’ efforts may ease energy crunch and coal rally Cement factories in the northern industrial hub Hebei are scheduled for a five-month rationing of output. Bloomberg News | October 20, 2022 | 8:02 am
Suspected Islamist militants attack ruby mine in northeastern Mozambique The raid took place on an operation 12 kilometres southeast of Gemfields’s 75%-owned Montepuez Ruby Mining. Bloomberg News | October 20, 2022 | 7:40 am
Tesla confirms plans to build lithium refinery in Texas Tesla is moving forward in a bid to gain more control over the supply chain for electric vehicle batteries. Bloomberg News | October 19, 2022 | 5:11 pm
Alcoa calls on US, allies to sanction ‘cheating’ Russian metal The comments come a week after Bloomberg News reported that the Biden administration is considering an outright ban of Russian aluminum. Bloomberg News | October 19, 2022 | 3:57 pm
Rio Tinto’s proposed deal for Turquoise Hill endorsed by Glass Lewis 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. Bloomberg News | October 19, 2022 | 9:53 am
World steel use to fall in another bleak sign for global economy Demand for the metal -- which is widely viewed as an economic barometer -- will drop 2.3% in 2022, bucking an April outlook for a small increase. Bloomberg News | October 19, 2022 | 9:38 am
South Africa’s EV dream threatens $8.5 billion in climate aid South Africa is the world’s 13th-biggest source of greenhouse-gas emissions and relies on coal for more than 80% of its electricity. Bloomberg News | October 19, 2022 | 7:25 am
China to remain a key trade partner for Australia, official says Australia has been a rare beneficiary of Russia’s war on Ukraine. Bloomberg News | October 19, 2022 | 7:01 am
Covid in China’s coal hubs crimps supply as winter demand looms China’s two biggest coal-producing regions have been hit by virus flare-ups and lockdowns that are disrupting supplies and boosting prices. Bloomberg News | October 19, 2022 | 6:55 am