Top 50 mining stocks lose $600bn in market value from peak
After a brutal second quarter, investors in the world’s 50 biggest mining companies are in full retreat as metal prices slump and uncertainty grips the sector.
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Tata Power plans to invest $9.5 billion in clean energy push
The company joins peers Adani Group and JSW Energy in planning major investments in renewables as India strives to triple its clean power capacity to 500 gigawatts by the end of the decade.
Canada’s first rare earths producer reports first run at plant beats expectations
The DMS unit achieved 75.2% recovery, processing ~2,300kg of concentrate mined at Vital’s Nechalacho rare earth project in the Northwest Territories .
Copper price retreats as China’s covid woes dampen demand prospects
Benchmark London copper retreated on Friday and was on track for a fifth straight weekly loss on worries that fresh covid-19 restrictions could slow the pace of infrastructure projects.
Vulcan Energy partners with Enel Green to develop Italian lithium project
Separately, Vulcan said it had received a positive result for its preliminary environmental impact assessment application in Germany.
Chile helps Dominican Republic identify lithium deposits
The Caribbean country has set up a special senate committee to investigate how best to commercialize and develop potential lithium resources.
Giant new power plants undermine South Africa’s emissions pledge
The 4,800MW Kusile plant and the almost identical Medupi facility will be key to meeting its demand for energy.
Gold price bound for worst week in over a year
Lately, gold has failed to attract safe-haven flows despite growing recessions risks.
Iron ore price down as China’s steel industry sounds alarm over crisis conditions
China’s steel mills are sounding the alarm over crisis conditions in the industry as margins plunge due to weak demand.