VW plans to be battery juggernaut in $29 billion answer to Tesla Company is stepping up its game to become the world’s biggest electric-car maker with a plan to build six battery factories in Europe. Bloomberg News | March 15, 2021 | 7:54 am
Billionaire commodities dealmaker squeezed by rising rates Anil Agarwal supercharged his rise from scrap metals trader to billionaire commodities magnate by embracing bold acquisitions and lots of debt. Bloomberg News | March 15, 2021 | 4:38 am
American drillers line up to unlock Colombian copper riches Authorities plan to award five copper exploration blocks by the end of June in Cordoba and La Guajira provinces. Bloomberg News | March 12, 2021 | 2:52 pm
Copper price rally has echoes of supercycle for Freeport CEO For Freeport, the jump in copper prices is creating “a magical time” given it’s coinciding with the ramp-up of its Grasberg mine in Indonesia. Bloomberg News | March 12, 2021 | 9:33 am
As Glencore walks, Colombia envisages decades of coal mining The South American nation better known for its coffee and crude is also a major supplier to European coal-fired power plants. Bloomberg News | March 11, 2021 | 3:35 pm
Lithium miners are going to compete for new licenses in Chile The South American nation has been losing market share as new frontiers open up ahead of an expected tripling of demand for lithium. Bloomberg News | March 11, 2021 | 12:25 pm
BlackRock says gold ‘failing’ as equity hedge, faces risks BlackRock says that right now gold isn’t working well as a hedge against either stock moves or inflation risks, although it was against the dollar. Bloomberg News | March 11, 2021 | 8:48 am
Copper wobbles mask ongoing demand strength, top supplier says “In the medium term, as renewable energy and electro-mobility agendas accelerate, the demand for copper will go up, and that is the most permanent trend,” says Chile’s Energy and Mining Minister. Bloomberg News | March 11, 2021 | 8:18 am
Investors lining up for hydrogen subsidies in Chile Chile plans to begin a competitive process within a month to award $50 million in subsidies. Bloomberg News | March 10, 2021 | 1:48 pm
Trader buys $36m of copper and gets painted rocks instead The saga unfolds like a gangland thriller, with the Swiss trading house saying it’s been the victim of cargo fraud. Bloomberg News | March 10, 2021 | 9:58 am
Trader buys $36 million of copper and gets painted rocks instead The bizarre case highlights commodity traders’ vulnerability to fraud, even when security and inspection controls are in place. Bloomberg News | March 9, 2021 | 10:27 am
China’s green push kicks off with a new $10bn coal project The decision by Ningxia and its timing is evidence that coal will still play a major role in China’s energy mix for the foreseeable future. Bloomberg News | March 9, 2021 | 9:46 am