Coal industry is getting ample funding to pile into new plants

The plant is the first of its kind built by Umicore in Europe and comes as the European Union is trying to develop EV battery manufacturing in the bloc.

Saft, Siemens, Solvay and Manz teamed up in February to develop high-density liquid electrolyte lithium-ion and solid-state batteries.

LME believes the discounts have had a positive impact on trading volumes - the mainstay of the exchange's revenue.

Its 2018 production is on track to reach the upper end of its forecast range of 2.375-2.425 million troy ounces.

Analysts predict more tough times for the sector that has lost more than 20 percent since June.

Hattorf is the second site the company has had to shut down in the last two weeks due to a severe drought affecting the country, especially in the northern and eastern parts.

The original sale of the stake was disputed in a London court by aluminium producer Rusal, which owns a stake in Nornickel.

Demand for a new generation of electric vehicles is breathing life into an Alpine mine.

In April, Rushydro's board approved the move to join the project with total investments seen at around $1 billion.