BHP Group Ltd. has approached Anglo American Plc about buying the 107-year-old company in a move that offers to spark the biggest shakeup of the global mining industry in over a decade. Anglo American said late Wednesday that it received an unsolicited all-share merger proposal from the world’s biggest miner, after Bloomberg reported that BHP […]
Battery Metals
LME takes aim at traders’ Russian metal games with new rules
The London Metal Exchange is imposing new rules surrounding the movement of metal in its warehousing network, taking aim at a lucrative and complex trading opportunity that emerged after the imposition of sanctions on Russian metal earlier this month. The measures announced on Tuesday are designed to undercut the economic rationale for withdrawing Russian metal that’s already on […]
Volvo, CATL sign partnership on battery recycling and material reuse
Volvo, CATL sign partnership on battery recycling and material reuse. Volvo Cars signed a memorandum of strategic cooperation with Contemporary Amperex Technology Co Ltd (CATL, SHE: 300750) on April 16 to work together in the area of battery recycling. The partnership aims to promote the recycling of battery materials and reduce the carbon footprint of […]
China is front and center of gold’s record-breaking rally
Gold’s rise to all-time highs above $2,400 an ounce this year has captivated global markets. China, the world’s biggest producer and consumer of the precious metal, is front and center of the extraordinary ascent. Worsening geopolitical tensions, including war in the Middle East and Ukraine, and the prospect of lower US interest rates all burnish […]
Spectacular copper price rally only gaining momentum
With the annual copper industry gathering wrapping up this week, participants making their way home from Chile’s capital do so with the bellwether metal honing in on two-year highs. In US trading on Friday copper for delivery in May hit an intra-day high of $4.51 a pound or $9,942 a tonne, up more than 16% […]
Researchers put novel battery technology to test with vertical takeoff and landing EVs: ‘We are trying to figure out the limitations’
Cleaner transportation is headed to the skies, as researchers at Oak Ridge National Laboratory are working on new batteries for airborne electric vehicles. Known as eVTOLs, for electric vertical takeoff and landing, these aircraft range in function from delivery drones to urban air taxis. They are designed to rise straight up in the air and […]
Gold price holds near record, could rise to $2,700, says Goldman Sachs
Gold held steady for a second straight session on Wednesday and remains near a record high, as rising geopolitical risks continue to offer support even as the Federal Reserve signalled a possible delay in its interest rate cuts. Spot gold edged 0.1% higher to $2,387.12 per ounce by 9:12 a.m. EDT, about $50 off its […]
Nissan steps up all-solid-state EV battery plans as pilot line construction kicks off
Will all-solid-state batteries be a “game-changer for EVs?” Nissan believes so. The automaker is accelerating all-solid-state EV battery development, hoping to make its electric models more competitive. Nissan kicked off construction on its all-solid-state EV battery pilot line this week with plans to introduce them in a wide range of models, including pickups. Nissan preps for all-solid-state […]
Copper price at fresh high as satellite data shows sharp Chinese smelter cutbacks
Copper closed regular trading hours Monday at $4.38 a pound or $9,656 a tonne, up 2% on the day bringing year to date gains to more than 12%. Copper is now trading at levels last seen early June 2022. The run up over the past few weeks was sparked by pledges from Chinese smelters to […]
Gold prices at a record high are keeping pawn shops busy
Investors and metals traders can’t agree on what exactly is behind gold’s recent rally. At King Gold & Pawn in Brooklyn, the customers don’t care. They just want to sell. For some, sky-high values simply mean it’s a good time to cash in; It’s hard to ignore record prices that climbed above $2,400 an ounce last week. For […]