Mercedes accelerates electric shift with $47 billion push
Mercedes plans to launch three new all-electric vehicle platforms in 2025 and set up eight battery factories with partners.
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South America’s left turn is bullish copper, top miner says
Freeport-McMoRan chief Richard Adkerson says he plans to work with the industry in Peru to engage with the incoming government of Pedro Castillo.
Record US coal shipment to China highlights Australia’s pain
Met coal prices have rallied this year on strengthening global steel demand.
Gold trader’s chat bragged about ‘how easy’ it is to manipulate prices
Former Deutsche Bank trader Edward Bases allegedly put out bids to buy gold futures valued around $244 million over the course of four-and-a-half minutes, with more than 98% canceled without being filled.
Hudson Resources says licence won’t be affected by Greenland uranium ban
The company's license also does not provide any rights to radioactive elements.
Iron ore price plunges on China’s move to cut steel production
Iron ore price down 6% after Beijing tells steelmakers in some provinces to cut production with aims to keep Chinese annual output at 2020 levels.
Copper price rises as China releases fewer metal reserves than expected
China will sell another 30,000 tonnes of copper, 90,000 tonnes of aluminum, and 50,000 tonnes of zinc from its state reserves on July 29.
Canadian union Unifor gives Rio Tinto 72-hour strike notice
Union represents about 900 workers at the company's aluminum smelting plant in Kitimat and power generating facility in Kemano.
Freeport-McMoRan profit beats estimates on higher copper prices
Company copper production increased about 19% to 913 million pounds.