Lithium venture in Chile in talks with EV firms to invest in mine project

A joint venture valued at $1.5 billion to $2 billion that wants to become Chile’s third lithium producer is in talks with investors to bankroll its project.

Bloomberg News | January 17, 2024 | 7:49 am

AustralianSuper swoops on lithium stocks after price plunge

The Melbourne-based fund raised its stake in Pilbara Minerals to 6.12% earlier this month.

Bloomberg News | January 16, 2024 | 5:06 pm

Rio Tinto sees stimulus boost in China to drive gradual recovery for iron ore demand

While prices of iron ore closed 2023 about 20% higher, they’ve lost about 8% so far this year.

Bloomberg News | January 16, 2024 | 4:20 pm

Train collision disrupts supplies to Africa’s biggest coal port

The disruption comes as Transnet struggles to improve its performance, particularly on the line that transports coal from mines in South Africa’s Mpumalanga province to the Richards Bay Coal Terminal.

Bloomberg News | January 16, 2024 | 9:41 am

China cobalt buyers use global glut to challenge pricing

A rapid expansion of cobalt mining in Democratic Republic of Congo and Indonesia has output racing ahead of demand.

Bloomberg News | January 16, 2024 | 9:29 am

De Beers cuts diamond prices to revive sales

The world’s top producer made one of the steepest cuts to its diamond prices in years.

Bloomberg News | January 15, 2024 | 7:21 am

SQM resumes Chile lithium operations after roadblocks lifted

The final blockades that had restricted the movement of workers and supplies for almost a week were cleared on Sunday.

Bloomberg News | January 15, 2024 | 7:14 am

Communities agree to end roadblocks at Chile lithium operations

Indigenous communities say they want to be properly consulted following a deal struck between SQM and Codelco.

Bloomberg News | January 13, 2024 | 11:57 am

Norway just raised the stakes over deep sea mining

The Jan. 9 determination makes Norway the first country to formally authorize seabed mining activities in its waters.

Bloomberg News | January 12, 2024 | 1:15 pm

Gold price rallies on geopolitical risks and Fed rate cut bets

Treasury yields and the dollar weakened after the PPI report.

Bloomberg News | January 12, 2024 | 10:02 am

Codelco caps worst year in quarter century with production drop

Production for the last three months of the year was 358,000 metric tons, compared with about 384,000 tons in the fourth quarter of 2022.

Bloomberg News | January 12, 2024 | 9:08 am

Billionaire Forrest vows to speed Australia clean power push

Andrew Forrest’s closely held Squadron Energy aims to add facilities that can power the equivalent of six million homes.

Bloomberg News | January 11, 2024 | 3:12 pm

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