Glencore backs EVelution Energy’s cobalt plant plans

The mining and commodities trader giant will provide EVelution with long-term supplies of cobalt hydroxide.

Staff Writer | April 3, 2024 | 5:46 am

Gold price rises above $2,300, shattering all-time high

US gold futures, meanwhile, crossed the $2,300 mark, up 1.4% at $2,313.60 per ounce.

Staff Writer | April 3, 2024 | 3:36 am

US Steel union rejects Nippon Steel’s appeal for takeover support

In December, Nippon agreed to buy US Steel for roughly $15 billion but the deal faces an uphill battle to approval amid bipartisan opposition in a US election year.

Reuters | April 2, 2024 | 12:25 pm

Senators raise concerns over Nippon Steel’s China ties amid US Steel takeover bid

Democrat Sherrod Brown has urged President Biden to investigate Nippon Steel’s business dealings in China, according to the Financial Times.

Staff Writer | April 2, 2024 | 9:17 am

Lithium trading hits record on CME as funds seize budding market

The drop in lithium prices has flipped the market into a contango, creating opportunities for funds.

Bloomberg News | April 2, 2024 | 8:10 am

Deutsche Bank says Glencore may weigh listing move to US

The firm’s primary listing could come into focus due to a lack of shareholder support for a plan to split off its coal business and list it separately in New York.

Bloomberg News | April 2, 2024 | 6:40 am

Electra commissions clean iron pilot plant

Electra announced the commissioning of a pilot plant to produce metallic iron from already mined, high-impurity ores.

Staff Writer | April 2, 2024 | 6:06 am

MP Materials awarded $58.5 million tax credit for Texas rare earth magnet factory

The manufacturing facility would have the capacity to produce approximately 1,000 tonnes of NdFeB magnets per year.

Staff Writer | April 1, 2024 | 8:18 am

Pairing cryptocurrency mining with green hydrogen could boost deployment of renewable energy – study

Cornell University researchers found that pairing cryptocurrency mining with green hydrogen could provide the foundation for wider deployment of renewable energy.

Staff Writer | April 1, 2024 | 6:06 am

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Gold price rally to boost profits for Newmont, Barrick

Anglo to face investors with wary eye on BHP’s potential return

Freeport-McMoran beats second-quarter profit estimates

US Senators release energy permitting reform bill

US says billionaire Gertler’s royalties must go to Congo for sanctions deal

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