Hyundai to invest $400 million for stake in Korea Zinc Hyundai plans to buy 50% of nickel it needs for EV batteries through the partnership by 2031 to comply with President Joe Biden’s Inflation Reduction Act. Bloomberg News | August 30, 2023 | 10:22 am
Copper Fox reports indicated reserves of 71mt for Eaglehead project This is the first time indicated resources were reported for Eaglehead. Staff Writer | August 30, 2023 | 10:21 am
Zijin Mining slows M&A on valuations, geopolitical risks The number and scale of deals completed by the company is fewer than previous years, although it’s still “actively looking." Bloomberg News | August 30, 2023 | 9:54 am
India confirms sulfur and detects several other elements near the moon’s lunar south pole India's lunar rover also detected aluminum, iron, calcium, chromium, titanium, manganese, oxygen and silicon on the lunar surface. Staff Writer | August 30, 2023 | 9:26 am
Gold price rises to near month high on weak US data Gold rose for a third straight session on Wednesday, supported by a fresh batch of weak US economic data. Staff Writer | August 30, 2023 | 9:11 am
Iron ore price rises on prospects of fresh China stimulus Guangzhou became the first major Chinese city on Wednesday to announce an easing of mortgage curbs. Staff Writer | August 30, 2023 | 8:57 am
India asks US to release funds frozen over suspected Russia diamond link – sources India has asked the US to release $26 million belonging to at least two Indian diamond firms frozen due to their alleged trade links with Alrosa. Reuters | August 30, 2023 | 8:28 am
AI’s potential role in the coal industry AI can automate and optimize various processes in the coal industry, making them more efficient and accurate. Reuters | August 30, 2023 | 8:20 am
India to start critical mineral blocks auction process this year The blocks are for minerals including nickel, lithium, cobalt and platinum, along with rare earths. Bloomberg News | August 30, 2023 | 8:13 am
