Tesla shareholders vote no on deep sea mining moratorium

Earlier this month, General Motors Co. investors rejected a similar proposal.

Bloomberg News | June 14, 2024 | 7:58 am

China steel demand plateaus at a decent level, Vale boss says

“The plateau means they’re going to shift from real estate to manufacturing,” Bartolomeo said during a conference.

Bloomberg News | June 14, 2024 | 7:23 am

Trader Gerald Group says it was hit by $49 million tin fraud

The group made a provision of $37.3 million in its 2023 financial accounts after the deal to buy Brazilian tin went awry.

Bloomberg News | June 13, 2024 | 1:50 pm

Chinese trader’s $20 million pile of Russian copper goes missing

Wuchan Zhongda Group, which had sales of $80 billion in 2023, bought 2,000 tons of refined copper from a Russian smelter that should have been delivered last month.

Bloomberg News | June 13, 2024 | 7:49 am

Zambia takes first step to start trader competing with Glencore

The cabinet approved the creation of a special purpose vehicle that will invest and trade in Africa’s second-biggest copper producer.

Bloomberg News | June 12, 2024 | 3:27 pm

Congo to buy out UAE partner in gold venture as shipments slump

The partnership sold 5 tons of hand-mined gold, worth about $300 million, in its first year of operation.

Bloomberg News | June 12, 2024 | 10:00 am

Western Australia resolves mining imbroglio threatening licences

The government has approved draft legislation that will ensure the security of mining licences and permits in the state, a major producer of iron ore.

Bloomberg News | June 12, 2024 | 9:55 am

The world needs more batteries — but not this many

By 2025, the global battery industry will be able to produce more than five times as many cells as the world will need, BNEF forecasts.

Bloomberg News | June 12, 2024 | 7:58 am

Forget copper and gold as steel-making raw material outperforms

Prices of 44% grade manganese ore have almost doubled since the start of the year, beating gains of 15% in copper, 12% in gold and almost 30% in tin.

Bloomberg News | June 12, 2024 | 5:17 am

Chart: Codelco delivers worst month of copper output since 2006

The Chilean state behemoth struggles to maintain its status as the world’s top copper supplier.

Bloomberg News | June 11, 2024 | 3:41 pm

Elliott steps in to back faltering Canadian copper miner after bankruptcy

Before Monday’s bankruptcy filing, Nevada Copper had attracted two bidders though it failed to close a deal with either one.

Bloomberg News | June 11, 2024 | 10:25 am

Freeport-McMoRan looking for ways to expand copper production, CEO says

The company isn’t under pressure to follow rivals like BHP in seeking acquisitions, and will instead focus on innovation to grow production and lower costs, CEO Kathleen Quirk said.

Bloomberg News | June 11, 2024 | 10:10 am

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