Indonesia forms $1.2 billion battery venture with China’s CATL The project in Karawang, West Java, aims to scale up battery production to 15 gigawatts a year. Bloomberg News | October 17, 2024 | 12:13 pm
Industrial metals slump as sentiment on China demand worsens Prices have faded as government briefings on the Chinese economic policy fell short of expectations. Bloomberg News | October 17, 2024 | 7:45 am
World’s top two iron ore miners raise output even as China slows Rio’s third-quarter output edged up about 1% from a year earlier, while Brazil’s Vale beat estimates to churn out its highest volume since late-2018. Bloomberg News | October 16, 2024 | 10:20 am
Brazil reviews caves decree in potential boon for mining and energy Vale sees a potential to unlock 1.6 billion tonnes of iron ore reserves if the government tweaks rules around mining in caves. Bloomberg News | October 16, 2024 | 8:12 am
China to extend record aluminum output amid ample power National output is expected to rise 3% in the fourth quarter from a year ago to 11 million tons. Bloomberg News | October 16, 2024 | 7:57 am
Iron ore price drops with leading miners to deliver production reports This week, BHP, Rio Tinto and Vale turn in their figures. Bloomberg News | October 15, 2024 | 9:42 am
Central bankers make rare comments in favor of bigger gold stash Reserve managers from the central banks of Mexico, Mongolia and Czech Republic on Monday sang the praises of bigger holdings. Bloomberg News | October 15, 2024 | 7:50 am
Philippines’ top coal producer plans $5 billion mine expansion The company has proposed to the Department of Environment and Natural Resources a five-year spending plan that includes capital expenditures, production costs, and operating expense. Bloomberg News | October 14, 2024 | 10:47 am
Gold price swings as traders await Fed’s decision on interest rates Gold is up by more than 25% this year, with rate-cut optimism fueling recent gains. Bloomberg News | October 14, 2024 | 10:26 am
Aluminum squeeze unravels on LME, easing pressure on sellers For months, the October aluminum contract has been a focal point for traders due to its steep premium to later-dated futures. Bloomberg News | October 14, 2024 | 9:24 am
Rio Takes step toward M&A redemption with $6.7 billion lithium bet Modest by comparison with past splurges, the all-cash deal is a significant and long-awaited expansion of Rio’s bet on lithium. Bloomberg News | October 12, 2024 | 10:22 am
CME blocked Istim warehouse after objections from metal traders Market participants raised concerns about a controversial fee increase announced earlier this year by the warehousing company. Bloomberg News | October 11, 2024 | 9:29 am
