Liontown stock dives after bid collapse, emergency fund raising The shares fell as much as 35% at the open in Sydney. Bloomberg News | October 19, 2023 | 6:10 pm
Grupo Mexico being pushed to resume cleanup of 2014 mine spill Agroup of activists, miners, academics and residents are scheduled to attempt to block roads to push Larrea’s Grupo Mexico to do more more to repair damage from one of the country’s worst ecological disasters. Bloomberg News | October 19, 2023 | 4:33 pm
Vale taps former investor relations head as CEO of Bionow Vale subsidiary Bionow, which has been formed to produce biocarbon, is in its early stages. Bloomberg News | October 19, 2023 | 3:23 pm
NexGen aims to be Canadian uranium player With a $1 billion price tag, Rook 1 is the largest development-stage uranium project in Canada. Bloomberg News | October 19, 2023 | 12:30 pm
US suspends some sanctions on Venezuelan oil, gas, gold sectors The US also lifted some restrictions on bond trading, after Maduro’s government entered talks with some members of the opposition about open election. Bloomberg News | October 19, 2023 | 8:20 am
Alcoa starts job cuts at alumina refinery in Western Australia The company said it has “initiated a restructuring program” at the Kwinana alumina refinery located near Perth. Bloomberg News | October 18, 2023 | 3:15 pm
Brazil’s Batista brothers to invest $1 billion to boost iron ore mines J&F, the family holding, emerged as the surprise buyer of Vale’s iron ore and manganese mines in the central west state of Mato Grosso do Sul. Bloomberg News | October 18, 2023 | 1:22 pm
Rio Tinto aims to add more iron ore with stronger China outlook The producer will spend $70 million to lift production at Gudai-Darri, its newest mine in Western Australia’s Pilbara region. Bloomberg News | October 18, 2023 | 10:25 am
Funds return to LME nickel with $4.6 billion in short positions Measured by value, that’s a record in data going back to 2018, while in tonnage terms the mismatch is near an all-time high seen in 2019. Bloomberg News | October 18, 2023 | 9:39 am
China’s lithium triangle inroads show US challenges in EV race The lithium triangle of South America accounts for more than half of global resources. Bloomberg News | October 16, 2023 | 10:45 am
Giant lithium deal collapses after Australian billionaire Rinehart steps in Albemarle has walked away from its $4.2 billion takeover of Liontown Resources after Australia’s richest woman built up a blocking minority. Bloomberg News | October 16, 2023 | 6:56 am
Global markets brace for more volatility amid Israel conflict Gold surged by the most since March on Friday. Bloomberg News | October 15, 2023 | 10:52 am