Billionaire Forrest wants leaders to target zero carbon by 2035 The executive said Fortescue’s board would meet over the next two weeks to discuss potential hydrogen or ammonia projects. Bloomberg News | November 8, 2023 | 7:49 am
Saudi Arabia’s next act is supplying the world with EV batteries The world’s biggest oil producer is now also aiming to become a key hub for making batteries. Bloomberg News | November 8, 2023 | 7:43 am
China’s state-backed iron ore giant says prices are too high Iron ore has reached “unreasonable” levels that are hurting Chinese steel mills, according to China Mineral Resources Group. Bloomberg News | November 7, 2023 | 4:29 pm
Private South Africa port project set to boost manganese exports Manganese is the fourth-most used metal globally by tonnage. Bloomberg News | November 7, 2023 | 1:48 pm
Portugal PM quits over lithium project corruption probe Antonio Costa has resigned amid an investigation into possible crimes of corruption in government involving lithium and hydrogen projects. Bloomberg News | November 7, 2023 | 10:50 am
Nascent recovery in Chilean copper mining is spluttering October’s export revenue from copper fell 6.7% from September and 8.8% from a year ago. Bloomberg News | November 7, 2023 | 10:05 am
Peru mine spending at eight-year low signals copper tightening Mining investment in Peru is expected to reach $3 billion to $3.5 billion in 2024, the country’s industry group SNMPE said. Bloomberg News | November 7, 2023 | 8:33 am
China extends run of gold buying that’s helped support prices China topped up its gold holdings for a 12th straight month in October. Bloomberg News | November 7, 2023 | 7:33 am
Bill Gates-backed mining startup wants to expand into Congo KoBold is exploring around the world for new deposits of metals that are key to the global green-energy transition. Bloomberg News | November 6, 2023 | 11:19 am
Battery metals lose luster as surge in supply outpaces demand The lower metal prices are providing some cost relief to automakers and could lead to cheaper EVs. Bloomberg News | November 6, 2023 | 7:03 am
Mining tycoons turn up heat at Australian lithium junior Azure Heavyweights who have long dominated the iron ore sector in Australia are muscling into SQM's takeover of Azure. Bloomberg News | November 6, 2023 | 3:03 am
Vedanta posts loss on higher tax outgo and weak zinc prices The Indian unit of billionaire Anil Agarwal swung to a loss of $214 million in three months to September. Bloomberg News | November 4, 2023 | 12:45 pm