Tesla’s EV market share seen plunging to 11% by 2025, BofA says Tesla is likely to lose its position as the dominant EV maker in the US to GM or Ford by 2025, says analyst John Murphy. Bloomberg News | July 1, 2022 | 8:44 am
Gold price keeps its shine as other precious metals fade Gold has held up well relative to silver and platinum. Bloomberg News | July 1, 2022 | 8:39 am
EU looking to ban Russian gold in new sanctions package Russia is the second largest gold mining country in the world, and its gold exports were estimated to be worth £12.6 billion in 2021. Bloomberg News | July 1, 2022 | 8:30 am
Zijin adds China mine in race to join lithium’s global top tier The group plans to pay 1.8 billion yuan ($269 million) for a 71% stake in a company mining for lithium in Hunan province. Bloomberg News | July 1, 2022 | 8:24 am
Vale secures natural gas supply for 100% of pelletizing ops The deal is set to allow Vale's Sao Luis plant to stop running on fuel oil when the supply starts in 2024. Reuters | July 1, 2022 | 8:17 am
Mining People: Athabasca Minerals, Moneta Gold, Talmine Resources, Treasury Metals Key moves in the mining sector. Staff Writer | July 1, 2022 | 6:00 am
California approves lithium tax despite industry’s warnings Governor Gavin Newsom approved the tax as part of a must-pass state budget on Thursday. Reuters | June 30, 2022 | 10:16 pm
Oil posts first monthly drop this year as OPEC hikes supply West Texas Intermediate dropped below $106 a barrel on Thursday, posting a monthly decline of 7.8%. Bloomberg News | June 30, 2022 | 2:53 pm
Nornickel to discuss cancellation of treasury shares The company currently holds 791,227 treasury shares after last year's buyback. Reuters | June 30, 2022 | 2:32 pm