Gold price set for fourth weekly gain amid easing inflation, Fed speak

The precious metal has now rebounded more than 6% from a low in mid-July on a combination of fears of a global recession and heightened US-China tensions over Taiwan.

Bloomberg News | August 12, 2022 | 10:04 am

Mercedes-Benz foresees EV-only production lines within a few years

Mercedes, CATL partner on $7.6 billion Hungary battery plant

The plant will have capacity of 100 gigawatt hours, enough to power more than 1 million cars, and will run on renewable energy.

Bloomberg News | August 12, 2022 | 9:27 am

Battery giants, Hyundai concerned by US moves on China supplies

South Korean battery makers imported more than 80% of the key minerals from China in 2020.

Bloomberg News | August 12, 2022 | 8:28 am

outh Korea’s National Pension Service, the world’s third-largest retirement fund, faces criticism over potentially weaker-than-expected plans to curb investments in coal.

A $700 billion fund is under pressure over plans to curb coal

South Korea’s National Pension Service faces criticism over potentially weaker-than-expected plans to curb investments in coal.

Bloomberg News | August 12, 2022 | 8:15 am

Gold price slips as traders weigh Fed rate path over easing inflation

Gold gave up early gains as traders assessed the Federal Reserve’s path of monetary tightening after another report showed US inflation easing.

Bloomberg News | August 11, 2022 | 12:54 pm

Adani plans $5.2 billion alumina mill in growing metal ambitions

The flagship company of the Adani Group got the approval to build the refinery and a captive power plant in Rayagada.

Bloomberg News | August 11, 2022 | 10:43 am

China pledges to cut mining deaths after spate of accidents

Some 129 coal miners have died in accidents in the first seven months of 2022.

Bloomberg News | August 11, 2022 | 8:58 am

Sibanye-Stillwater cuts U.S. production guidance after Montana floods

Sibanye cuts US palladium mines output forecast after floods

Company now expects its US PGM mines to produce between 445,000-460,000 ounces of platinum and palladium this year, down from 550,000-580,000 ounces expected previously.

Bloomberg News | August 11, 2022 | 7:39 am

JPMorgan gold traders found guilty in Chicago spoofing trial

Michael Nowak and Gregg Smith were found guilty Wednesday by a federal jury after a three-week trial.

Bloomberg News | August 10, 2022 | 3:06 pm

Glencore takes heat in Quebec for smelter that spits out arsenic

The Horne Smelter in Rouyn-Noranda is emitting 165 nanograms of arsenic per cubic meter of air on site, according to a recent study.

Bloomberg News | August 10, 2022 | 1:38 pm

Indika Turns to Gold, Electric Bikes in Shift Away From Coal

India’s state-owned coal miner posts record profit in fuel’s revival

Coal India’s net income jumped to 88.3 billion rupees from 31.7 billion rupees a year earlier.

Bloomberg News | August 10, 2022 | 10:20 am

Miners must invest in critical minerals or risk energy transition

Coal’s skyrocketing prices could last years on Russia disruption

The EU’s ban on Russian coal that begins this month will boost demand for imports from other countries like Indonesia and Australia.

Bloomberg News | August 10, 2022 | 3:26 am

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