Saudi mining plan gets $3 billion EV boost from Australian firm EV Metals Group Plc’s spending will be on building plants to process minerals including lithium and nickel, and later expand into exploring. Bloomberg News | October 12, 2021 | 7:52 am
Physical coal prices in China surge on nationwide shortage Beijing is urging domestic mines to ramp up production even as it tries to strike a balance between energy security and its carbon neutral goals. Bloomberg News | October 12, 2021 | 7:41 am
Zijin’s lithium foray adds to China’s push for battery materials Zijin shares jumped as much as 8.8% in Hong Kong on Monday, and are up 17% this year. Bloomberg News | October 11, 2021 | 2:42 pm
In a world fighting climate change, fossil fuels take revenge The cost of coal has surged above $200 a tonne, surpassing the 2008 peak during the last commodity boom, and natural gas in Europe and Asia is at an all time high. Bloomberg News | October 11, 2021 | 2:03 pm
Lithium deal shows China’s accelerating race for battery metals Lithium has gotten so hot that even China’s gold miners want a slice of the market, sky high valuations and all. Bloomberg News | October 11, 2021 | 11:43 am
Aluminum price hits 13-year high as energy surge pressures supply Aluminum rose as much as 2.8% to $3,049 on the London Metal Exchange Monday, the highest since July 2008. Bloomberg News | October 11, 2021 | 9:13 am
Copper bulls get electric shock as world’s factories slow down Bank of America said $20,000 could be possible if major supply-side issues arose simultaneously. Bloomberg News | October 11, 2021 | 8:59 am
China coal futures surge to record as flooding swamps mining hub Floods have closed 60 of the 682 coal mines in Shanxi province, which has produced 30% of China’s supply of the fuel this year. Bloomberg News | October 11, 2021 | 8:54 am
Codelco raises Europe copper premium by 31% in bullish signal Codelco offered to supply copper to European customers at a $128 premium over futures next year. Bloomberg News | October 11, 2021 | 8:42 am
Billionaire Forrest plans green energy factory to rival China Fortescue’s energy unit will build a plant with initial capacity to make two gigawatts of electrolyzers a year in Gladstone, Queensland. Bloomberg News | October 11, 2021 | 8:39 am
Iron ore price surge is latest spike to fuel inflation fears Iron ore has suddenly gone from commodity laggard to a top performer. Bloomberg News | October 11, 2021 | 8:29 am
The hottest party in the metals world is back, but much smaller LME Week resumes amid continued covid risk. Bloomberg News | October 10, 2021 | 2:51 pm