VW US chief warns of industry challenges with EV battery shift Scott Keogh, chief executive of Volkswagen Group of America, said the move to EVs is the single biggest "industrial transformation in America." Reuters | June 16, 2022 | 2:05 pm
EVs now average over $60,000 as Tesla, Rivian, Ford raise prices Automakers pressed by consumer demand and rising material costs are charging more for electric vehicles across the board. Bloomberg News | June 16, 2022 | 1:05 pm
European gas gyrates as Russian cuts escalate energy crisis Western sanctions on Russia have left equipment key for the functioning of the Nord Stream gas pipeline stuck abroad. Bloomberg News | June 16, 2022 | 12:11 pm
Russian coal miners turn to India as war upends commodity flows Sales of thermal coal to Europe dropped to about 10-15% of total exports from 30% before the invasion. Bloomberg News | June 16, 2022 | 11:21 am
BMC’s Kudz Ze Kayah polymetallic project in Yukon reaches permitting stage KZK is expected to produce an estimated annual average of 14,400 tonnes of copper, 106,800 tonnes of zinc and 25,300 tonnes of lead concentrates. Staff Writer | June 16, 2022 | 10:48 am
After Powell’s decision, the outlook for gold remains bearish While Powell sounded relatively dovish, actions speak louder than words. Sunshine Profits | June 16, 2022 | 10:43 am
Workers at Codelco say strike imminent if investment demands not met The workers have complained about a lack of investment at the mining firm's troubled Ventanas smelter. Reuters | June 16, 2022 | 10:34 am
Gold price scales $1,850 as dollar eases following Fed rate hike Bullion continued its rise after the Fed approved its largest interest rate increase since 1994. Staff Writer | June 16, 2022 | 10:13 am
In a Greek coal mine, stocks build up ahead of peak summer demand The country is pushing back plans to retire some coal-fired plants and has announced that coal mining will be ramped up by 50% this and next year. Reuters | June 16, 2022 | 8:55 am