Lithium miners warn on plunging profits after price freefall
Two of China’s biggest lithium companies became the latest miners to issue stark warnings over the health of the battery metal industry.
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China Baowu raises $1.4bn via bond, mostly for Simandou iron ore project
The entire Simandou project will be completed and put into operation in 2026, Baowu said in the document.
Global clean energy spending surges to $1.8 trillion. It’s not enough
Total spending surged 17% last year to $1.8 trillion in installing renewable energy, buying electric vehicles, building hydrogen production systems and deploying other technologies
AI helps capture more CO2 with less energy
With the help of AI, researchers capture 16.7% more carbon dioxide while using 36.3% less energy from the UK National Grid.
Wind, solar to overtake coal in China’s power mix this year
Wind and solar power connected to the grid will account for about 40% of the installed capacity in China, official figures show.
Hecla Mining looks to expand into Latin America
The largest silver producer in the US is eyeing Mexico, Peru and two other countries in Latin America to speed up growth.
US to rescind Venezuela gold license after opposition candidate barred
The operations authorized in the license had been issued in October alongside others on oil and gas production.
Nickel Industries posts record quarterly output, unveils $100m buyback plan
The specialty miner also reported a record output from its rotary kiln electric furnace projects.
Vale’s 2023 iron ore output tops guidance, but sales fall
The company produced 89.40 million metric tons of iron ore in the last three months of 2023.
