Moody’s downgrades mining sector outlook to negative
Forecast reflects expectations that aggregate EBITDA will contract for the largest Moody's-rated metals and mining companies.
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Copper price rebounds on weaker dollar
The dollar index dropped after Japan intervened in the currency market to shore up the battered yen for the first time since 1998.
Chinese gold fetches huge premium as demand improves
Benchmark prices in Shanghai have climbed to a premium of more than $43 an ounce over their London equivalent, the highest since 2019.
Gold price wavers after Japan intervention, central banks’ rate hikes
The Fed’s rate hikes this year have weighed on bullion, with spot prices down 8.6%.
Column: Buoyant coal industry seeks ways to stay in the long-term energy mix
Asia’s coal players gathered this week in Indonesia and the mood was far more upbeat than in past events, writes Clyde Russell.
Elon Musk may regret putting Tesla’s first European plant in Germany
There have been signs Germany’s bureaucracy could be costly with respect to Tesla’s investment in Gruenheide.
Polymetal shares down as gold miner scraps final dividend
Company has not been directly targeted by Western sanctions imposed on Moscow since it sent thousands of troops to Ukraine in February.
Researchers working on smart drone capable of preventing tailings dams failures
US-based engineers are developing new technologies to detect and prevent potential failures of coal waste storage facilities.
General Motors invests in Canadian lithium-ion battery recycler
Move creates a partnership between the companies to pursue a circular battery ecosystem using Lithion's technology.