Moody’s says India a bright spot in global steel demand India, the world's second-largest crude steel producer, posted 11.4% growth in finished steel consumption during April-October to 65.5 million tonnes. Reuters | November 7, 2022 | 9:25 am
McEwen Mining shares surge despite lower Q3 output, revised FY 2022 guidance Despite the revised guidance, McEwen still sees a "brighter future" at its two main assets. Staff Writer | November 7, 2022 | 9:01 am
Lithium frenzy sees China ceramics hub refocus on battery metals Lithium has become super-expensive this year as car and battery manufacturers scour the planet for scarce supplies. Bloomberg News | November 7, 2022 | 8:14 am
Copper price falls on Chinese demand fears The country's zero-covid approach and lockdowns have squeezed its manufacturing sector and hit demand for industrial metals. MINING.COM Staff Writer | November 7, 2022 | 8:07 am
Coal India profit soars as shortages drive demand and prices Company reported a two-fold jump in its second-quarter profit as demand and prices surged. Reuters | November 7, 2022 | 7:54 am
COP27: We’re on a highway to climate hell, UN boss says "Humanity has a choice: cooperate or perish,” United Nations Secretary-General Antonio Guterres told delegates gathered in Egypt. Reuters | November 7, 2022 | 7:51 am
Russia’s Sberbank sues Glencore for $116m over oil supplies Russia's largest lender is seeking to recover debt and penalties from Glencore Energy UK Ltd over two agreements. Reuters | November 7, 2022 | 7:41 am
Turquoise Hill further delays shareholder meet on $3.3 billion Rio Tinto buyout The meeting to approve Rio Tinto acquiring 49% of shares of Turquoise Hill has now been pushed back to Nov. 15. Reuters | November 7, 2022 | 7:26 am
Petra Diamonds halts Williamson mine in Tanzania after dam breach Operations were suspended after a wall of the tailings storage facility was breached, causing flooding in nearby areas. Cecilia Jamasmie | November 7, 2022 | 7:25 am