POSCO plans $93 billion of investment by 2030 POSCO Group has been expanding into new businesses for diversification, including minerals used in electric vehicle batteries. Reuters | July 3, 2023 | 10:14 am
China to restrict exports of metals critical to chip production Gallium and germanium, along with their chemical compounds, will be subject to export controls starting Aug. 1. Bloomberg News | July 3, 2023 | 9:56 am
China jumps ahead in the rush to secure lithium from Africa Mines across the continent are forecast to increase production of lithium raw materials more than 30-fold from last year’s volume by 2027. Bloomberg News | July 3, 2023 | 9:36 am
Gold price advances on weaker US economic cues “Gold has probably found a home around $1,900,” said analyst. Staff Writer | July 3, 2023 | 8:53 am
The world’s appetite for solar panels is squeezing silver supply Solar's share of total consumption is forecast to be 14% this year, up from around 5% in 2014. Bloomberg News | July 3, 2023 | 8:43 am
China set to boost state cobalt reserves after tumble in prices The National Food and Strategic Reserves Administration, the government stockpiling body, may buy about 2,000 tons of cobalt. Bloomberg News | July 3, 2023 | 8:34 am
Iron ore price slumps as China production cuts spark fears of demand drop Market speculation about government intervention in the iron ore market last Friday weighed on sentiment as well. Reuters | July 3, 2023 | 8:25 am
NRW Holdings to design, construct Northern Star’s KCGM plant for $648m Last month, Northern Star's board approved an expansion of the processing capacity at KCGM. Reuters | July 3, 2023 | 8:20 am
Develop Global to buy Essential Metals for $102 million Develop Global, an Australian base metals explorer backed by lithium miner Mineral Resources, said Essential’s board had ok'd the deal. Cecilia Jamasmie | July 3, 2023 | 5:26 am