Mercedes, Stellantis in talks to back Serbia’s lithium plans The carmakers are willing to follow Rio Tinto Group’s investment in the proposed Jadar mine. Bloomberg News | July 18, 2024 | 7:12 am
Paladin Energy aims to crack uranium big league with Canadian takeover Paladin would churn out 10% of global uranium output after combining production of its Namibian mine with Fission’s Canadian project. Bloomberg News | July 17, 2024 | 2:39 pm
Wildfires erupt in Canada crude patch in threat to oil sands One 7-acre fire is within about 6 miles of MEG Energy Corp.’s Christina Lake site, which produced almost 100,000 barrels a day in May. Bloomberg News | July 17, 2024 | 1:09 pm
Sodium-ion battery startup sparks lithium alternative Peak Energy received $55 million in funding to scale up production of sodium-ion batteries that the company is positioning as an alternative to the widely used lithium-ion technology. Bloomberg News | July 17, 2024 | 12:48 pm
China copper smelters plan to cut output after margins fall The output cuts underscore the industry’s struggle with a shortage of feedstocks caused by recent mine production setbacks. Bloomberg News | July 17, 2024 | 10:46 am
Iron ore majors ramp up supply even as China faces challenges Iron ore is one of the year’s worst performing major commodities, slumping by almost a quarter as China’s property crisis drags on. Bloomberg News | July 17, 2024 | 10:31 am
Copper price edges down to two-week low amid demand uncertainty The metal headed for a third daily decline, with copper miners also under pressure as a risk-off mood took hold in broader equity markets. Bloomberg News | July 17, 2024 | 9:55 am
China stainless steel mogul fights to avoid a second collapse A debt crisis is threatening the future of one of the world’s top stainless steel producers, Jiangsu Delong Nickel Industry. Bloomberg News | July 16, 2024 | 5:37 pm
Rinehart’s Hancock weighs $3.3 billion iron ore mine project Hancock acquired a 51% interest in the Mt Bevan project from Legacy Iron Ore Ltd. and Hawthorn Resources. Bloomberg News | July 16, 2024 | 3:59 pm
Germany Chancellor plans lithium deal with Serbia after Rio ruling Olaf Scholz plans to visit Serbia this week to secure supplies of lithium that are critical for the nation’s energy transition and auto industry. Bloomberg News | July 16, 2024 | 3:32 pm
Zimbabwe central banker stockpiles gold to bolster ZiG currency The ZiG - short for Zimbabwe gold — is the nation’s sixth attempt at having a functioning local currency in the last 15 years. Bloomberg News | July 16, 2024 | 11:07 am
Copper market’s biggest whale fuels speculation of a major shift The world’s single biggest buyer of copper, State Grid Corp. of China, has slowed its purchases of copper wire this year. Bloomberg News | July 16, 2024 | 8:29 am