Glencore and Seriti weigh job cuts in South Africa due to ‘dire’ train situation Transnet has been hobbled by sabotage, cable theft and aging equipment. Bloomberg News | September 27, 2023 | 7:45 am
Glencore to stop funding troubled New Caledonia nickel plant New Caledonia has some of the world’s largest reserves of the metal, but its three smelters have faced years of losses linked to high costs and social unrest. Reuters | September 27, 2023 | 7:38 am
Codelco expects copper output to start recovering in 2024 Chairman said it would be a mistake for Codelco to delay projects currently under development. Reuters | September 27, 2023 | 7:33 am
Ford halts work on $3.5bn EV battery plant with CATL Ford is facing its second week of strikes from workers and continued scrutiny about the battery plant from US Congress. Staff Writer | September 27, 2023 | 5:33 am
Microsoft to get carbon removal credits from biochar project Producing biological charcoal and burying it in soils is a way of storing carbon for centuries. Staff Writer | September 27, 2023 | 5:05 am
Climate targets threatened by lack of mining investment: McKinsey Report reveals looming shortages of minerals key to the energy transition as low commodity prices cause investors and miners to cut spending. Cecilia Jamasmie | September 27, 2023 | 3:50 am
Peru is approaching peak copper — for now — as new mines stall Output from the world’s biggest copper supplier after Chile this year jumped 20% through July from the same period in 2022. Bloomberg News | September 26, 2023 | 5:53 pm
Lithium boom in Argentina hinges on politics, Zijin unit says Argentina is currently the fourth-biggest producer of lithium. Bloomberg News | September 26, 2023 | 4:00 pm
Short sellers mount attack on ESG stocks bloated from green hype Hedge fund managers are piling into short positions in ESG stocks as they hunt for bogus green claims and valuations inflated by record stimulus. Bloomberg News | September 26, 2023 | 3:02 pm