Gold price rises as Fed rate hike comes in as expected Gold prices rose after the US Federal Reserve raised interest rates by 75 basis points for a third straight time. Bloomberg News | September 21, 2022 | 1:14 pm
Top gold CEOs say soaring costs will hobble mining industry into 2023 “We’re in a very volatile economic environment at the moment,” Newmont CEO Tom Palmer said in an interview. Bloomberg News | September 21, 2022 | 10:28 am
More than half of US car sales will be electric by 2030 In 2021, electric vehicles accounted for less than 5% of sales in the US, below the global rate of nearly 9%. Bloomberg News | September 21, 2022 | 8:19 am
Sexual abuse at Australian mines set to be targeted by new rules Recommendations include implementing a code of practice to improve security for remote workers and funding for legal and advocacy advice. Bloomberg News | September 21, 2022 | 8:06 am
China has enough coal reserves to last another five decades Country has sufficient oil to last at least 18 years at current rates of production. Bloomberg News | September 21, 2022 | 7:55 am
Rio Tinto CEO makes clear that offer is final on giant copper mine Jakob Stausholm said Rio Tinto will not make any more offers if Turquoise Hill takeover isrejected by minority shareholders Bloomberg News | September 21, 2022 | 4:39 am
Gold Fields confident investors will back $7 billion Yamana deal “There hasn’t been a major exodus of our top shareholders,” CEO Chris Griffith says. Bloomberg News | September 20, 2022 | 4:01 pm
Rio Tinto CEO says copper outlook ‘challenged’ in near term Copper prices are down more than 20% this year as covid-related shutdowns in China, surging power prices in Europe and ongoing inflation in the U.S. and elsewhere hurt demand. Bloomberg News | September 20, 2022 | 3:56 pm
Tesla battery fire at PG&E site shuts iconic California highway California’s largest utility said the fire involved a single Tesla Megapack, and it was working with firefighters to keep the blaze from spreading. Bloomberg News | September 20, 2022 | 1:06 pm
Russia aluminum giant weighs selling directly on London Metal Exchange Rusal isn’t under Western sanctions but it’s nonetheless being hit as some big consumers in Europe. Bloomberg News | September 20, 2022 | 10:43 am
China’s spending on Russian energy climbs to record $8.3 billion The haul for August was 68% higher than a year ago and included a record amount of coal. Bloomberg News | September 20, 2022 | 10:05 am
Iron ore price rises as China’s construction stimulus pays off Economic indicators suggest that government stimulus is boosting the ailing construction industry. Bloomberg News | September 20, 2022 | 9:06 am