Rio Tinto, Ford to develop battery, low-carbon materials supply chain
The partnership will support the transition toward a net-zero future by supplying Ford with materials including lithium, low-carbon aluminum and copper.
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Ford to buy lithium from ioneer for US EV battery plant
ioneer will supply 7,000 tonnes of lithium carbonate annually for five years to BlueOvalSK, Ford's battery joint venture with SK Innovation.
Gold price recovers as European Central Bank raises rates higher than expected
The rate hike was the first by the ECB in over a decade, and its largest since 2000.
Iron ore price back below $100 on clouded China demand outlook
Risks from lockdowns have prompted the Asian Development Bank to lower its economic growth forecast for China this year to 4.0%.
De Beers boosts 2022 guidance despite drop in output
The miner expects to produce 32m-34m carats, up from 30m-33m carats thanks to what it calls “robust demand” from US customers.
Australian iron ore miners cautious on China’s plan to centralize buying
The new company is expected to coordinate procurement of imported iron ore, develop domestic iron ore resources, and oversee development of mines overseas.
Sundance Resources submits claim in iron ore dispute with Congo Republic
Sundance is seeking $8.8 billion in damages over the Mbalam-Nabeba project.
New Indonesian nickel supply douses expectations for fresh price rally
Nickel prices on the LME started their ascent in January as stocks in LME-approved warehouses started to slide due to soaring demand.
Freeport-McMoRan misses profit estimates on lower copper prices
The world's largest publicly traded copper miner reported average realized copper prices of $4.03 per pound, from last year's $4.34 per pound.