South Africa optimistic for tax breaks to kick-start EV industry South Africa has abundant supplies of raw materials vital for the manufacture of lithium-ion batteries. Bloomberg News | March 18, 2024 | 9:14 am
UN deep-sea mining body considering expelling Greenpeace The Metals Company took legal action against activists who disrupted a research expedition when they boarded its vessel in the remote Pacific. Staff Writer | March 18, 2024 | 9:09 am
Global commodity trading profits topped $100 billion for second-best year ever While earnings fell from 2022’s blockbuster records, profits across the sector still easily eclipsed prior highlights such as in 2008-2009. Bloomberg News | March 18, 2024 | 7:57 am
Avalon enters $11 million funding agreement for lithium processing facility The first drawdown will be for C$2.75 million, and is expected to close within the next two weeks. Staff Writer | March 18, 2024 | 7:53 am
Indonesia says Vale to build another $2bn HPAL plant PT Vale Indonesia is exploring a potential investment in a high-pressure acid leaching plant in Sulawesi island. Reuters | March 18, 2024 | 7:38 am
China coal output posts first decline since Beijing ordered more Coal production dropped 4.2% from a year earlier for January and February combined, the first year-on-year decline since September 2021. Bloomberg News | March 18, 2024 | 7:28 am
Put sanctions on Russian-origin aluminum, not on Rusal, industry group says So far, sanctions have not been imposed, but they are still on the agenda in the EU. Reuters | March 18, 2024 | 7:23 am
Iron ore price rebounds on upbeat China data, lower shipments Total shipments from top producers Australia and Brazil dropped 12.5% week-on-week in the week ended March 18. Reuters | March 18, 2024 | 6:29 am
Widjaja family’s consortium seeks private credit for mine deal A consortium led by Golden Energy is sounding out private credit funds to finance its $1.65 billion acquisition of South32's Illawarra coal operation in Australia. Bloomberg News | March 18, 2024 | 6:24 am