Another coal plant wins lifeline despite Biden’s green push CenterPoint plans to keep operating the 90-megawatt F.B. Culley 2 unit near the Ohio River until 2025. Bloomberg News | August 18, 2022 | 3:07 pm
Glencore to spend $400 million to fix arsenic-emitting plant Glencore’s investment will bring the arsenic level down to 15 nanograms by 2027, according to the plan. Bloomberg News | August 18, 2022 | 9:53 am
Tesla asks Chinese government to help secure power to suppliers The idea Tesla and SAIC suppliers may be prioritized for power as people suffer in what is intense heat sparked a backlash on Chinese social media. Bloomberg News | August 18, 2022 | 5:57 am
Five vital commodity industries are buckling under energy crisis Energy-intensive sectors such as steel, fertilizers, and aluminum are being forced to close factories or pass on soaring costs. Bloomberg News | August 18, 2022 | 5:50 am
China ramping up Swiss gold imports, signaling better demand China shipped in more than 80 tonnes from Switzerland in July. Bloomberg News | August 18, 2022 | 5:30 am
Gold price seen rising above $2,000 on inflation, mining veteran says “The market is going to have to get used to inflation numbers being much higher for longer,” said Jake Klein, executive chairman at Evolution Mining. Bloomberg News | August 18, 2022 | 5:15 am
Biden’s freeze on oil, gas leases on public land is reinstated — for now Court on Wednesday threw out the judge’s nationwide injunction forcing a restart of leasing from the Gulf of Mexico to Alaska. Bloomberg News | August 17, 2022 | 3:43 pm
India may delay coal plant closures in blow to climate action Other nations globally have also been responding to high demand and severe shortages of natural gas by burning more coal. Bloomberg News | August 17, 2022 | 3:29 pm
Toyota, CATL shut plants in Sichuan as power crisis worsens Floods in the northern Shanxi province, the biggest coal producer, are also leading to mine closures that could impact the wider electricity market. Bloomberg News | August 17, 2022 | 9:08 am
Norsk Hydro shuts aluminum plant as Europe’s power woes deepen Europe’s energy crisis has claimed another victim in the power-hungry metals industry. Bloomberg News | August 17, 2022 | 8:56 am
Gold price to rebound when Fed pivots, FS Investments’ Gayeski says The FS Chiron Capital Allocation Fund’s exposure to bullion may rise from 4% once the Fed begins to ease aggressively, said Troy Gayeski. Bloomberg News | August 16, 2022 | 6:34 pm
Gold price slips with rising yields as traders weigh data, Fed hiking Data Tuesday showed a bigger-than-expected drop in US home construction, while production at US factories increased in July for the first time in three months. Bloomberg News | August 16, 2022 | 4:22 pm