Indonesia’s $600 billion plan to shut coal plants struggles for support
The plan is to keep coal fired-power plants running for another decade and then completely shift away from fossil fuels over the following 20 years.
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To buy or not to buy: Russian aluminum dilemma for Europe’s buyers
Europe's power crisis, production cuts and shortages of aluminum have left consumers in a quandary about Russian supplies of the metal vital for the region's transport, construction and packaging industries.
Top banks pull back from China metal financing after crises
At least three metal trading companies have had credit lines frozen or reduced by either of the banks in recent weeks.
Lithium price smashes new record as supply struggles to feed EV growth
Lithium carbonate hit a fresh record of 500,500 yuan ($71,315) a tonne in China.
LME faces suit from funds including AQR over nickel crisis
The LME is already facing lawsuits from Jane Street and Paul Singer’s Elliott Investment Management over its handling of the March nickel crisis.
Congo violence rages despite conflict mineral law, US says
In total, 1,021 companies filed a conflict-mineral report to the Securities and Exchange Commission last year, the Government Accountability Office said.
Torex Gold shares jump on positive assays from ELG underground in Mexico
The company considers ELG underground as a "key value driver" as its reserves have been expanded over the years.
Teck, Agnico team up at San Nicolas copper project in Mexico
A feasibility study for the project is under way and expected to be complete in early 2024.
Chinese investors plan $2.83 billion metals park in Zimbabwe
Battery-metals park that will process metals including lithium, platinum, and nickel, its latest plan to revive its moribund economy.
