Europe’s carmakers face raw material bottleneck for EV batteries Major carmakers like Volkswagen, Daimler and Stellantis have been racing to secure battery cell supplies in Europe. Reuters | October 13, 2021 | 6:28 am
China coal imports surge, prices hit record as floods add to energy woes China has been grappling with a growing energy crisis brought on by shortages and record high prices for the fuel. Reuters | October 12, 2021 | 9:12 pm
Glencore sells Bolivian zinc assets to Santa Cruz Silver for $110 million Glencore's Bolivian zinc assets include a 100% stake in Sinchi Wayra SA, which owns the Reserva, Tres Amigos and Colquechaquita mines. Reuters | October 12, 2021 | 1:57 pm
Rare earths sector at risk of more substitution if prices spike Demand for rare earth permanent magnets is due to soar as governments and companies step up efforts to cut carbon emissions. Reuters | October 12, 2021 | 9:43 am
Freeport Indonesia breaks ground on $3 billion copper smelter The facility in Indonesia will have capacity of 1.7 million tonnes of copper concentrate and is expected to start operations in late 2023 or early 2024. Reuters | October 12, 2021 | 7:30 am
Newcrest sees drop in costs, higher copper output Newcrest expects to produce around 2 million ounces of gold a year until at least 2030. Reuters | October 11, 2021 | 5:33 pm
Samarco obtains extended creditor protection Samarco filed for bankruptcy protection in April after failing to restructure 50 billion reais ($9.06 billion) in debt. Reuters | October 11, 2021 | 10:02 am
Ganfeng raises lithium metal prices amid power crunch The Chinese company also cited higher costs for raw materials such as lithium carbonate for the price increase. Reuters | October 11, 2021 | 9:57 am
Rock Tech Lithium to build $544 million plant in Brandenburg The plant will be in the town of Guben, a roughly 90-minute drive from where Tesla is building its gigafactory. Reuters | October 11, 2021 | 9:49 am
Nornickel slashes forecast for palladium market deficit Nornickel currently expects a deficit of 0.2 million-0.3 million ounces in 2021 and 0.3 million ounces in 2022. Reuters | October 11, 2021 | 8:26 am
Temporary bottlenecks hike costs for copper miners in Chile, Antofagasta CEO says The London-listed miner said 50,000 tonnes of production could be at risk next year because of a severe drought that has hobbled its operations. Reuters | October 11, 2021 | 8:21 am
Zijin Mining to acquire Neo Lithium in $737m deal In August, Chinese gold and copper miner Zijin said its plan on lithium and other new energy minerals were in a preliminary strategic planning stage. Reuters | October 10, 2021 | 2:43 pm