Tesla’s EV market share seen plunging to 11% by 2025, BofA says
Tesla is likely to lose its position as the dominant EV maker in the US to GM or Ford by 2025, says analyst John Murphy.
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Gold price keeps its shine as other precious metals fade
Gold has held up well relative to silver and platinum.
EU looking to ban Russian gold in new sanctions package
Russia is the second largest gold mining country in the world, and its gold exports were estimated to be worth £12.6 billion in 2021.
Zijin adds China mine in race to join lithium’s global top tier
The group plans to pay 1.8 billion yuan ($269 million) for a 71% stake in a company mining for lithium in Hunan province.
Vale secures natural gas supply for 100% of pelletizing ops
The deal is set to allow Vale's Sao Luis plant to stop running on fuel oil when the supply starts in 2024.
Mining People: Athabasca Minerals, Moneta Gold, Talmine Resources, Treasury Metals
Key moves in the mining sector.
California approves lithium tax despite industry’s warnings
Governor Gavin Newsom approved the tax as part of a must-pass state budget on Thursday.
Oil posts first monthly drop this year as OPEC hikes supply
West Texas Intermediate dropped below $106 a barrel on Thursday, posting a monthly decline of 7.8%.
Nornickel to discuss cancellation of treasury shares
The company currently holds 791,227 treasury shares after last year's buyback.
