BYD considers US battery plant, refrains from selling EVs after Biden Inflation Act BYD is pursuing a dedicated cell production site in America, buoyed by robust consumer demand for EVs. Bloomberg News | December 8, 2022 | 8:35 am
Trafigura posts record $7 billion profit in blowout year Earnings more than doubled in the 12 months through September, Trafigura said. Bloomberg News | December 8, 2022 | 8:06 am
McEwen Mining lines up copper IPO as Argentina project advances The company is preparing an initial public offering for its McEwen Copper business in the first half of 2023. Bloomberg News | December 7, 2022 | 12:38 pm
LME draws takeover interest from rivals after nickel crisis Intercontinental Exchange made an approach to buy the LME earlier this year from owner Hong Kong Exchanges & Clearing, sources say. Bloomberg News | December 7, 2022 | 11:22 am
Gold price hits record in Pakistan as economic woes spur buying frenzy Gold demand in Pakistan jumped 34% to 13 tons between July and September from a year earlier, according to data from the World Gold Council. Bloomberg News | December 7, 2022 | 11:16 am
Vale forsakes volume for value in boost to iron ore’s nascent price recovery The Brazilian mining giant has been slowly ramping back up after losing its mantle as the world’s biggest producer of the steelmaking raw material. Bloomberg News | December 7, 2022 | 11:09 am
Mongolian PM meets with protesters over millions in missing coal People have been demonstrating since Sunday in the capital Ulaanbaatar to protest reports that 385,000 tons of coal were missing from stockpiles at the border with China. Bloomberg News | December 7, 2022 | 8:06 am
China reveals gold buying after quarter of mystery purchases China reported an increase in its gold reserves for the first time in more than three years. Bloomberg News | December 7, 2022 | 7:52 am
Russian coal exports come roaring back after EU loosens curbs Europe is still not allowed to import Russian coal, but European companies are now allowed to ship the commodity to third countries. Bloomberg News | December 7, 2022 | 7:47 am
Red-hot lithium price rally cools as China’s BYD flags surplus The battery material in China has continued to retreat from the all-time high hit last month as signs of demand weakness weigh on the market. Bloomberg News | December 7, 2022 | 7:35 am
Vale to break out base metals business, sell stake in 2023 Vale will separate the base metal assets from its iron ore operations and unveil a strategic partner in the first half of 2023. Bloomberg News | December 7, 2022 | 7:00 am
BYD eyes Chilean lithium deals in search for EV fuel BYD intends to provide technology for Chilean mines to directly extract lithium, and will secure supplies through offtake agreements with producers. Bloomberg News | December 6, 2022 | 1:22 pm
