Toronto hedge fund surges 39% on lithium bets The Vivid Energy Fund is short companies that focus on direct lithium extraction, such as Vancouver-based Standard Lithium. Bloomberg News | December 19, 2022 | 10:09 am
Tesla may announce $800m to $1bn investment in Mexico plant in coming days Tesla could announce the construction of a "Gigafactory" in the northern Mexican state of Nuevo Leon as soon as Friday. Reuters | December 19, 2022 | 8:33 am
Nickel tycoon plans new plant to avoid future LME short squeezes Tsingshan is building a plant in Sulawesi, Indonesia, to produce 50,000 tonnes of refined nickel a year. Bloomberg News | December 19, 2022 | 8:10 am
Australia revises up resources export earnings to $308bn for FY23 The country is set to see strong revenue growth from thermal coal exports used in power plants. Reuters | December 18, 2022 | 10:34 am
Most Canadians see clean energy as safer, more affordable than fossil fuels – survey A recent survey shows that Canadians in most provinces except Alberta, see clean energy systems as more affordable and safer than fossil fuel systems. Staff Writer | December 18, 2022 | 7:24 am
Hedge funds say they lost $95 million in LME nickel crisis A group of hedge funds led by AQR Capital Management on Friday applied to force LME to hand over information relating to two key phone calls. Bloomberg News | December 16, 2022 | 10:09 am
Lithium stocks fall as prices ease for the first time in 6 months Australia spodumene auction disappoints and Chinese lithium chemicals show weakness ahead of EV subsidy end. Frik Els | December 15, 2022 | 12:35 pm
Ford, CATL mull workaround for new US battery plant with US-China tensions high Michigan has emerged along with Virginia as a potential home of the multibillion-dollar facility. Bloomberg News | December 15, 2022 | 11:08 am
US sanctions Russia’s richest tycoon, Nornickel boss Potanin The action against Potanin was part of a broader sanctions package the Treasury Department rolled out Thursday. Bloomberg News | December 15, 2022 | 8:24 am