China’s coal plant boom is undercutting clean energy push China’s planners said coal is still needed as backup to balance out the intermittent electricity provided by wind and solar. Bloomberg News | February 12, 2025 | 5:18 pm
Global Lithium management resigns ahead of AGM Management alleged that director Dianmin Chen was working with a group of foreign-linked investors holding between 30-40% of shares to take control of the board. Reuters | February 12, 2025 | 5:02 pm
South32 reports surge in first-half profit on strong commodity prices The miner reported an 838% surge in first-half profits on Thursday, driven by higher sales of aluminum and copper and strong commodity prices. Reuters | February 12, 2025 | 2:48 pm
Ganfeng starts lithium production at Argentina’s Mariana project The Mariana plant has the capacity to produce 20,000 metric tons of lithium chloride per year. Reuters | February 12, 2025 | 2:18 pm
Albemarle swings to quarterly profit as cost cuts offset lithium price drop Profit for the quarter ended December 31 was $33.6 million, compared to a loss of $617.7 million a year ago. Reuters | February 12, 2025 | 2:14 pm
Vale to announce $12 billion investment to expand Carajas site Brazil's presidential palace said Vale will present its "New Carajas" project, but it did not give further details. Reuters | February 12, 2025 | 12:54 pm
Column: Tariff threat opens up transatlantic rift in copper pricing The arbitrage between CME and LME contracts has blown wider in recent days, with the US premium exceeding $1,000 per tonne. Reuters | February 12, 2025 | 10:21 am
Gold price rally hits pause as traders digest data, Powell remarks The US central bank “will make decisions about interest rates as we go,” Fed chair Jerome Powell said this week. Bloomberg News | February 12, 2025 | 10:00 am
Chinese lithium firms take over copycat Nigeria refinery project A joint venture between Canmax Technologies and Jiangxi Jiuling last year took a controlling interest in Ganfeng Lithium Industry. Bloomberg News | February 12, 2025 | 9:49 am