Domestic companies in the battery supply chain are launching a new industry coalition that seeks stronger support for U.S. projects. Why it matters: Battery Advocacy for Technology Transformation aims to occupy a unique lobbying role in the crowded space. Former high-level Energy Department officials steeped in battery and materials policy are running the effort. It aims to […]
Battery Metals
BHP seeking buyer for gold, copper mines in Brazil
BHP Group Ltd., the world’s No. 1 miner, is planning to sell Brazilian copper and gold assets it acquired with the takeover of Oz Minerals Ltd., according to people familiar with the matter. The company’s acquisition of Oz Minerals in May 2023 was its biggest deal in more than a decade and included buying an untapped gold […]
NIO eclipses 50 million battery swaps, providing evidence that drivers prefer the charge method
NIO’s industry-leading battery swap technology is continuing to gain prowess as the Chinese EV company hits another milestone. Yesterday evening, NIO hit 50 million cumulative battery swaps, providing evidence that the EV charging method is not only viable but also preferred by many drivers. NIO ($NIO) continues to show the world EV why it is […]
Gold price falls over 1% as wider market crash spills over
Gold prices fell more than 1% on Monday as the metal was caught in a global, wider market sell-off driven by mounting economic concerns. Spot gold fell as much as 3.2% to $2,365.55 per ounce, the biggest single-day drop since early June. By 12:55 p.m. ET, it had recovered half of the loss to $2,403.37 […]
Endeavour maintains gold production target amid Senegal strike
Endeavour Mining Plc said a strike at the Sabodala-Massawa mine in Senegal isn’t expected to impact its gold output target this year, after the stoppage entered a second day. The company doesn’t “currently anticipate a material impact on the group’s ability to meet its production guidance,” it said in a statement late Friday, while saying […]
Glencore overshadowed in cobalt market as Chinese rival booms
China’s CMOC Group Ltd. has strengthened its status as the world’s cobalt king, churning out more than three times as much as better-known rival Glencore Plc after a stunning output surge that’s deepened the battery metal’s price rout. The Chinese mining giant leapfrogged Glencore only last year to become the top producer, but the pair’s […]
Gold price surpasses $2,500 for first time ever
Gold surpassed $2,500 per ounce for the first time in history on Friday in the wake of rising geopolitical tensions and new data indicating a weakening US economy. Gold contracts for December delivery reached an all-time high of $2,522.50 in the early trading hours, before shedding its gains to trade at $2,475.90 an ounce by […]
Global gold demand reaches Q2 record — report
The latest publication by the World Gold Council showed global demand for the precious metal increased 4% year-on-year to 1,258 tonnes in the second quarter, the highest ever of any Q2 on record. Total increased demand, says the Council, was supported by healthy over-the-counter (OTC) transactions, which were up a notable 53% year-on-year at 329 […]
Mining powerhouse Australia to tighten up rules on exploration
Australia — one of the world’s most important mining nations — is planning to tighten up rules that govern how companies announce their exploration results, with a revised code for listed companies including industry leaders BHP Group (ASX: BHP) and Rio Tinto (ASX: RIO). A draft of the new code published on Thursday would impose […]
Gold price gains 1% following rise in Middle East tensions
Gold prices gained the most in two weeks on Tuesday as traders sought safety in the precious metal after Israel struck Beirut’s suburbs in response to a weekend attack. Spot gold was 0.9% higher at $2,405.00 per ounce by 2:30 p.m. ET, its biggest intraday gain since July 16. US gold futures crossed the $2,450 […]
