Copper tech firm Jetti raises funds at $2.5 billion value Jetti tapped existing investors as well as new backers at a valuation that’s about double its last raise. Bloomberg News | October 24, 2022 | 8:18 am
Rusal files London lawsuit against Potanin over Nornickel pact Rusal filed a lawsuit alleging that Vladimir Potanin, CEO of Nornickel, is in breach of a decade-old deal. Reuters | October 24, 2022 | 8:05 am
Analysis: Biden’s EV minerals cash fruitless without permitting reform President Joe Biden last week doled out $2.8-billion to miners developing new US sources of lithium, nickel, copper, and other EV minerals. Reuters | October 24, 2022 | 7:54 am
UK prosecutors implicate 11 Glencore employees in bribery probe The commodity trading industry has been dogged by anti-corruption investigations for years, but few individual traders or executives have faced prosecution. Bloomberg News | October 24, 2022 | 7:39 am
Trafigura and EVelution Energy plan to develop cobalt plant EVelution Energy is expected to start construction of the plant in Arizona in late 2023. Reuters | October 24, 2022 | 7:25 am
China’s Sept coal output jumps 12.3% on year, hits record daily levels The average daily output was equivalent to 13 million tonnes, according to data from the National Bureau of Statistics. Reuters | October 24, 2022 | 7:21 am
Newcrest suspends operations at Brucejack mine following “critical incident” Incident involved an individual belonging to its mining and development contractor in British Columbia. Staff Writer | October 24, 2022 | 7:16 am
LME adds artisanal mining to green register, sets 2040 net-zero goal LMEpassport will now also include standards regarding artisanal mining. Reuters | October 24, 2022 | 7:03 am
France’s Imerys wants to become leading lithium producer in Europe Company said results of surveys carried out at its Beauvoir mine allow it to produce 34,000 tonnes of lithium hydroxide for at least 25 years. Reuters | October 24, 2022 | 6:56 am