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
Rio Tinto hails another step closer to develop Serbian lithium mine If developed, the $2.4 billion Jadar lithium project in Western Serbia could cover 90% of Europe's current lithium needs. Reuters | July 16, 2024 | 8:25 am
Gold price surpasses $2,470 for a new all-time high Bullion is now 18% higher for the year, boosted by anticipation of Fed loosening as well as significant buying by central banks. Staff Writer | July 16, 2024 | 8:13 am
Development banks seek to revive world’s biggest power project The planned Grand Inga hydropower complex in the DRC has been stalled for decades. Bloomberg News | July 16, 2024 | 7:22 am
Ganfeng Lithium plans to build $1.1 billion trading desk Derivatives will be used to lower the risks of cross-border investments and to enhance financial stability, the Chinese producer said. Bloomberg News | July 16, 2024 | 7:04 am
China copper smelters bracing for shortage of vital scrap metal Around 30% of China’s refined copper production used scrap metal as a feedstock in 2023. Bloomberg News | July 16, 2024 | 6:58 am
Vedanta seeks $1 billion in upsized share placement Vedanta is joining a slew of Indian companies tapping stock investors amid surging valuations and increasing demand for equity investments in the country. Bloomberg News | July 16, 2024 | 6:55 am
UK’s first coal mine in 30 years faces climate court test Environmental campaigners are challenging the approval of a coking coal mine in northwest England. Bloomberg News | July 16, 2024 | 6:50 am
Barrick’s quarterly gold and copper output edges higher Barrick Gold's second-quarter gold output edged up by almost 0.9% from the previous three months. Reuters | July 16, 2024 | 6:47 am
