The mission to create Europe’s battery hub, whatever the cost In just a few years, Hungary is projected to become the fourth-largest producer of batteries globally. Bloomberg News | September 19, 2023 | 8:10 am
Rio Tinto CEO says Chinese steel demand is close to peaking China’s appetite for iron ore has picked up in recent months. Bloomberg News | September 19, 2023 | 7:40 am
Wagner-linked gold miner in Sudan halts operations over conflict Al-Sawlaj Gold Mining Co. has been shuttered since mid-April and its Russian staff have been evacuated. Bloomberg News | September 19, 2023 | 6:43 am
China’s copper industry is struggling when it should be booming Buyers lack conviction and the view from the factory floor remains cautious as margins are suppressed and profits wither. Bloomberg News | September 18, 2023 | 5:03 pm
Australia says coal to nuclear switch would cost $249 billion The high cost makes such a transition a “unicorn and a fantasy,” Climate Change and Energy Minister Chris Bowen says. Bloomberg News | September 18, 2023 | 2:36 pm
Rio Tinto sees building its own lithium mines as better than buying “Lithium companies right now are very expensive. We can believe we can find much cheaper ways to get it done," CEO Jakob Stausholm said. Bloomberg News | September 18, 2023 | 1:50 pm
Brazil calls on rich nations to pay for global energy transition Brazil's Mines and Energy Minister wants commodity giants Petrobras and Vale to spearhead the energy transition domestically. Bloomberg News | September 17, 2023 | 12:56 pm
Trafigura wrestles with future of metals unit after losses Trafigura Group is struggling with its metal business following a string of missteps. Bloomberg News | September 17, 2023 | 9:54 am
Ex-JPMorgan gold trader sentenced to six months in ‘spoof’ case The JPMorgan cases were the crown jewels of the federal spoofing crackdowns on some major Wall Street banks. Bloomberg News | September 15, 2023 | 2:04 pm
Gold trading hasn’t been this boring since the pandemic began Six-month historical gold volatility slumped to the lowest since February 2020 on Friday. Bloomberg News | September 15, 2023 | 9:54 am
Aluminum deal season has started, but no one is buying yet The annual contracting season for aluminum supplies got off to a slow start at a key industry conference this week. Bloomberg News | September 15, 2023 | 8:35 am
Private debt funds of $750 million sought for BHP mine bid Stanmore Resources Ltd. is seeking to borrow a total of $1.1 billion for its acquisition of the Daunia coal mine. Bloomberg News | September 15, 2023 | 7:35 am