JPMorgan’s ‘big hitters’ of gold market face trial over spoofing Michael Nowak, former managing director who ran the bank’s precious metals business, was once the most powerful person in the gold market. Bloomberg News | July 7, 2022 | 9:54 am
Metso Outotec to deliver grinding mills to First Quantum’s copper mine in Zambia Delivery includes two Planet Positive Premier grinding mills with a total installed power of 50 megawatts. Staff Writer | July 7, 2022 | 8:50 am
Volkswagen’s CEO talks batteries, supply chains and the Porsche 911 The carmaker broke ground on a new cell factory in Salzgitter, Germany, one of five such facilities in Europe under its PowerCo unit. Bloomberg News | July 7, 2022 | 8:43 am
Brazil eases rule on lithium exports amid rising demand Sigma's Brazilian unit expects to start producing lithium by the end of the year. Reuters | July 7, 2022 | 8:22 am
Copper price up supported by pullback in the dollar Head of the IMF said the outlook for the global economy had "darkened significantly" since April. MINING.COM Staff Writer | July 7, 2022 | 8:03 am
Commodities have lost 20% since June’s peak amid recession fears Hedge-fund managers recently slashed bets on higher commodity prices to the lowest in almost two years. Bloomberg News | July 7, 2022 | 7:41 am
Column: LME nickel chaos chills metals trading activity Fears of a recession are currently generating a much broader investor exodus from the commodity sector, writes Andy Home. Reuters | July 7, 2022 | 7:31 am
S.Africa’s Transnet issues veiled threat to coal exporters Transnet announced it had lifted force majeure on nine coal exporting parties that had agreed to amend transportation contracts but voiced frustration at not being able to reach a deal with other miners. Reuters | July 7, 2022 | 7:14 am
UK coal mine decision delayed as politics intervenes British Prime Minister Boris Johnson announced his resignation today and said he would continue to serve in post until his party selects a new leader. Reuters | July 7, 2022 | 7:08 am