Australia’s national investment fund makes first bet on mining Australia’s National Reconstruction Fund will invest $26 million to boost mining equipment manufacturing in the state of Queensland. Bloomberg News | November 18, 2024 | 7:06 am
BHP warns Australian mining not ready for low-cost competitors The boom in demand from China’s industrialization is now “past the period of aggressive growth,” BHP’s Australia President said. Bloomberg News | November 17, 2024 | 4:44 pm
Gold loses some luster after Trump’s decisive win Gold’s slide is a marked turnaround for a commodity that had surged by more than 30% in the year leading up to the US vote. Bloomberg News | November 17, 2024 | 9:07 am
Trump chooses oil fracking boss as energy secretary Chris Wright, the chief executive officer of Liberty Energy Inc., has no previous Washington experience. Bloomberg News | November 16, 2024 | 4:55 pm
Hedge funds slash bullish wagers on gold over Trump election win Hedge funds and other large speculators boosted net-long positions by 11% to 197,362 as of Nov. 12, the lowest in 14 weeks. Bloomberg News | November 15, 2024 | 2:29 pm
Russia takes aim at US nuclear power by throttling uranium Limits creates potential supply risks to utilities operating American reactors that generate almost a fifth of the country’s electricity. Bloomberg News | November 15, 2024 | 12:25 pm
Zimbabwe lithium miners want royalties to be linked to prices The battery metal has slumped from a peak in late 2022 amid oversupply and weak demand from the electric vehicle sector. Bloomberg News | November 15, 2024 | 9:46 am
Gold price faces worst week since 2021 as Fed signals no rate-cut rush The precious metal has fallen about 8% from a record high on Oct. 31, with losses accelerating after Trump’s election victory last week. Bloomberg News | November 15, 2024 | 9:46 am
Aluminum price soars as China cancels tax incentive on exports The export tax rebate was also removed for copper and lowered for some refined oil, solar, battery and non-metallic mineral products. Bloomberg News | November 15, 2024 | 7:56 am
Mineral Resources paid rent of entities tied to managing director Ellison The company’s internal probe into Ellison found that he did not act with integrity when he financially benefited from payments made to companies owned by him. Bloomberg News | November 14, 2024 | 4:41 pm
Soaring demand for copper will help drive mergers, BHP CEO says Demand for copper, a key element in the energy transition, is set to rise by 70% to 100% by 2050, Mike Henry said. Bloomberg News | November 14, 2024 | 3:09 pm
Boliden closing in on deal for Lundin’s European mines A deal would cement Boliden’s position as one of Europe’s biggest producers of zinc. Bloomberg News | November 14, 2024 | 12:35 pm
