Posts by Bloomberg News:

Cleveland-Cliffs to Buy ArcelorMittal USA for $1.4 Billion

ArcelorMittal warns on steel demand as China seen flatlining

Whether China will recover strongly after lifting tough coronavirus restrictions has been the key question for commodities markets.

Bloomberg News | February 12, 2023 | 9:43 am

Battery Giant CATL Isolates Workers to Avoid Covid Shutdown

Ford plans to build EV battery plant in Michigan with Chinese partner

Ford is moving ahead with the project despite uncertainty around how the US Treasury Department will interpret requirements in the Inflation Reduction Act.

Bloomberg News | February 12, 2023 | 9:00 am

Trafigura’s nickel nemesis was already notorious in metal circles

Indian businessman Prateek Gupta and his companies, against whom Trafigura secured a $625 million freezing order this week, have a checkered history in the trading world.

Bloomberg News | February 11, 2023 | 2:28 pm

Trafigura tells its banks they aren’t exposed to nickel fraud

Trafigura is briefing lenders that none of its banks have direct exposure to the nickel deals linked to systematic fraud.

Bloomberg News | February 10, 2023 | 9:48 am

US seeks critical mineral pacts with Japan, UK to curb China

The US is looking to create a “critical minerals buyers club” with allies like the EU and Group of Seven.

Bloomberg News | February 10, 2023 | 8:50 am

Mining loans seen passing $1 billion at biggest Congo bank

Rawbank forecast its lending to DRC’s mining industry will jump more than 20% to over $1 billion this year.

Bloomberg News | February 10, 2023 | 8:44 am

World’s largest zinc smelter sees opportunity in US energy bill

Korea Zinc is seeking to diversify into electric vehicle batteries and renewable energy sources.

Bloomberg News | February 9, 2023 | 7:29 pm

Cobalt’s Battery-Powered Boom Has Turned to Bust

Cobalt’s battery-powered boom has turned to bust

While automotive usage is still rising, there’s been a sharp drop-off in buying from Chinese electronics.

Bloomberg News | February 9, 2023 | 4:53 am

Researchers link cobalt mining in the DRC to violence, substance abuse, food-water insecurity

Cobalt from artisanal mines key to global output, study says

Congo accounts for nearly 70% of global cobalt supply artisanal miners can make up nearly 20% of the country's output when prices are high.

Bloomberg News | February 8, 2023 | 8:41 am

General Motors competes for stake in Vale’s base metals unit

Automakers have been stepping up efforts to lock in supplies of nickel and copper.

Bloomberg News | February 8, 2023 | 8:31 am

Australia Rejects First Coal Mine Under Environmental Law

Australia rejects first coal mine under environmental law

Country has blocked a major mine proposed near the Great Barrier Reef under environmental laws.

Bloomberg News | February 8, 2023 | 4:54 am

Virus another wild card in nickel's year of uncertainty

The biggest source of cobalt outside Africa is now Indonesia

Production of the battery material in the Southeast Asian country surged past others including Russia and Australia.

Bloomberg News | February 8, 2023 | 4:41 am

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