November 22, 2022

European, US demand have become key drivers of metal prices – Trafigura chief

Trafigura executive chairman Jeremy Weir told the FT Commodities Asia Summit on Wednesday that prices had previously been mainly driven by Chinese demand.

November 22, 2022

Goldman Sachs says US, Europe could end reliance on Chinese EV batteries by 2030

Countries competing with China would need to spend $78.2 billion on batteries, $60.4 billion on components and $13.5 billion on mining.

November 21, 2022

ABB raises $209m from selling stake in EV charging business

The private placement of shares was led by investors with links to Swedish furniture giant IKEA and car dealership chain AMAG.

November 21, 2022

Alcoa backs Rusal’s call for LME to reveal origin of all metal stocks

Rusal has called for the LME to start regularly disclosing the origin of all metal stocks on warrant rather than singling out Russian metal.

November 21, 2022

Bill Gates-led fund backs Robert Friedland’s pulse technology to reduce carbon emissions at mines

A European fund tied to Gates’ Breakthrough Energy Ventures invested $12 million in the I-ROX pulsed-power venture with Robert Friedland’s I-Pulse Inc.

November 21, 2022

Goldman Sachs strategists say bear market will last in 2023

The bank strategists estimate the S&P 500 will end 2023 at 4,000 index points -- just 0.9% higher than Friday’s close.

November 20, 2022

Egypt to start building $11 billion wind farm from 2024

The construction of one of the world’s largest wind farms in Egypt is set to start in 2024 and could provide electricity to Europe and Saudi Arabia.

November 19, 2022

Russia’s Rusal: 2023 sales pick up after LME decision

Rusal said that its sales for 2023 have picked up after the LME decided not to ban Russian metal from being traded and stored in its system.

November 18, 2022

Russia’s mining giants rush to sell metal after LME green light

The decision not to ban Russian metal from LME warehouses has triggered a rush to conclude contracts with the country’s two big producers.

November 18, 2022

Eramet’s New Caledonia nickel business seeks help with new cash crunch

SLN has for years tried to improve profitability which has been hit by social unrest and energy supply issues in the French Pacific territory.