Battery startup Freyr signs $3 billion supply deal with Nidec
Freyr is building its first lithium-ion battery factory in the far north of Norway and has announced plans for production in Finland and the US.
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Iron ore price below $100 on China steel curbs
Steel prices also stretched losses after several big Chinese cities, including Shenzhen and Dalian, escalated covid-19 restrictions.
China’s Sichuan, Chongqing resume power supply to industry
Tianqi Lithium said its factory in Sichuan's Shehong city resumed normal production.
India coal baron becomes world’s third richest trailing only Musk, Bezos
The Indian businessman, a college dropout who first tried his luck as a diamond trader before turning to coal, has become the world’s third-richest person.
A 51-year-old era of global economics may be dying a slow death
Swiss Re has been above-consensus on price growth and below it on growth calls.
Rusal recommends first dividend in five years
The world's largest aluminum producer outside China boosted its January-June core earnings by 37% to $1.8 billion amid higher aluminum prices.
Development banks under pressure to compensate harmed communities
A rise in complaints about projects has prompted activists to push development banks to contribute to compensation.
Harmony Gold drops on profit slump, tough mining conditions
Company paused a project to extend the mine life at its Tshepong operations, citing tough mining conditions and low grades.
Over 20% of world mined copper now comes from sustainable operations
The figure was reached after five new sites, including Antofagasta’s Antucoya mine and Capstone’s Mantos Blancos and Mantoverde, joined Copper Mark.