Volkswagen, Mercedes are in Canada’s sights for EV deals Canadian business groups have been sounding the alarm over massive tax credits contained in the US Inflation Reduction Act to encourage electric vehicle production. Bloomberg News | December 1, 2022 | 9:58 am
Gold price climbs 2% in wake of Powell’s comments on slower rate hikes Traders are currently pricing in a 91% probability that the Fed increases rates by 50 basis points on Dec. 14. Staff Writer | December 1, 2022 | 9:53 am
Orezone Gold’s Bomboré mine in Burkina Faso enters commercial production Bomboré now becomes the 16th mine to go into production in Burkina Faso. Staff Writer | December 1, 2022 | 9:22 am
BMW invests in low carbon copper firm Jetti Jetti has the technology to extract more copper from low-grade resources and produce metal with a low carbon footprint. Reuters | December 1, 2022 | 8:08 am
Brazil to let private sector mine for uranium The uranium sector is currently the exclusive responsibility of state-run Indústrias Nucleares do Brasil (INB). Cecilia Jamasmie | December 1, 2022 | 8:06 am
Chinese nickel producer Lygend Resources debuts in Hong Kong The Chinese nickel producer is the first among eight newcomers to list in the Asian financial hub this month. Bloomberg News | December 1, 2022 | 7:56 am
Platinum mining target says takeover battle damages operations Royal Bafokeng Platinum said competing offers from Impala Platinum and Northam Platinum have created uncertainty. Bloomberg News | December 1, 2022 | 7:50 am
China’s lithium newcomer Zijin eyes rich returns from battery demand The company has already spent $16 billion buying three lithium mines over the past year. Reuters | December 1, 2022 | 7:43 am
Congo agreed to pay Gertler’s company $250m in resources deal The Israeli businessman is accused of leveraging his friendship with former Congo President Joseph Kabila to secure lucrative mining deals. Reuters | December 1, 2022 | 7:35 am
