JPMorgan’s ‘big hitters’ of gold market face trial over spoofing Michael Nowak, former managing director who ran the bank’s precious metals business, was once the most powerful person in the gold market. Bloomberg News | July 7, 2022 | 9:54 am
Volkswagen’s CEO talks batteries, supply chains and the Porsche 911 The carmaker broke ground on a new cell factory in Salzgitter, Germany, one of five such facilities in Europe under its PowerCo unit. Bloomberg News | July 7, 2022 | 8:43 am
Commodities have lost 20% since June’s peak amid recession fears Hedge-fund managers recently slashed bets on higher commodity prices to the lowest in almost two years. Bloomberg News | July 7, 2022 | 7:41 am
Tycoon whose bet broke the nickel market walks away a billionaire The man nicknamed ‘Big Shot’ is poised to walk away from the 2022 nickel fiasco with his company, Tsingshan Holding Group, intact and even expanding. Bloomberg News | July 6, 2022 | 4:45 pm
Key South African trade route blocked as fuel costs surge An average 1,500 trucks mainly exporting chrome and coal travel to Maputo’s port along the highway daily. Bloomberg News | July 6, 2022 | 4:22 pm
Copper price crash deepens as recession fears loom over metals trading Investors are fretting over a range of threats to demand, from Europe’s gas crisis to a US slowdown and renewed virus flare-ups in China. Bloomberg News | July 6, 2022 | 3:33 pm
Tianqi Lithium raises $1.7 billion in year’s biggest Hong Kong listing The share sale breaks a months-long drought for large offerings in Hong Kong. Bloomberg News | July 6, 2022 | 9:54 am
Mercedes strikes second-life battery pact with Canadian startup Mercedes-Benz Energy will supply used batteries from the automaker’s electric vehicles to Vancouver-based Moment Energy. Bloomberg News | July 6, 2022 | 9:30 am
White-hot metal market cools in warning for global economy A white-hot corner of the aluminum market that for months defied a broader slide in metal prices is finally slumping. Bloomberg News | July 6, 2022 | 9:27 am
Tesla pulled levers on pricing and cost during a tough quarter It began with a bang but Tesla’s second quarter didn’t stay ebullient. Bloomberg News | July 6, 2022 | 8:06 am
UK leaves door open for coal comeback in bid to keep lights on The UK is set to water down one of its key climate change policies as it battles soaring energy prices. Bloomberg News | July 6, 2022 | 7:59 am
Rhinos return to Mozambique park after more than 40 years The animals were donated by Exxaro Resources, which in 2014 also relocated 10 white rhinos to Botswana to bolster an existing small population. Bloomberg News | July 6, 2022 | 7:34 am