World’s biggest EV battery maker considers third plant in Europe

CATL last month announced plans to build a second European EV battery plant in Hungary, investing 7.3 billion euros in partnership with Mercedes-Benz.

Bloomberg News | September 22, 2022 | 11:48 am

US gathers resource-rich nations to push minerals security pact

The initiative, launched in June, is designed to funnel investment toward developing countries with mining projects that adhere to stricter environmental, social and governance standards.

Bloomberg News | September 22, 2022 | 11:36 am

China has built 14 overseas coal plants since vowing no new ones

The recently or soon-to-be completed plants will emit about 140 million tons of CO2 a year in total.

Bloomberg News | September 22, 2022 | 9:57 am

Chinese gold fetches huge premium as demand improves

Benchmark prices in Shanghai have climbed to a premium of more than $43 an ounce over their London equivalent, the highest since 2019.

Bloomberg News | September 22, 2022 | 9:31 am

Gold price wavers after Japan intervention, central banks’ rate hikes

The Fed’s rate hikes this year have weighed on bullion, with spot prices down 8.6%.

Bloomberg News | September 22, 2022 | 9:14 am

Elon Musk may regret putting Tesla’s first European plant in Germany

There have been signs Germany’s bureaucracy could be costly with respect to Tesla’s investment in Gruenheide.

Bloomberg News | September 22, 2022 | 8:17 am

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

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