Battery Metals

Chile’s Supreme Court rejected Chinese firm Tianqi’s appeal to halt a lithium deal between SQM and state-run Codelco, local newspaper La Tercera reported on Wednesday. Tianqi has argued that the agreement should have been approved by SQM shareholders. CMF, Chile’s financial regulator, ruled that no such approval is required. The Chinese company, which owns about […]

Goldman Sachs Group Inc. exited a long-term bullish position on copper and slashed its price forecast for 2025 by almost $5,000, citing shrinking demand in China. The bank has been one of the biggest cheerleaders of the industrial metal, but the increasingly disappointing economic recovery in China will delay an expected rally, analysts including Samantha […]

Battery storage installations are soaring in the United States thanks to incentives in the Inflation Reduction Act (IRA), which offers, for the first time, tax credits for standalone storage capacity. Total costs of batteries and storage systems have also dropped significantly over the past decade to incentivize more installations across America. In addition, collocating battery […]

South Korea’s Lotte Energy Materials Corporation (LEMC) has signed a deal to become the exclusive supplier of copper foil for StarPlus Energy LLC‘s first electric vehicle (EV) battery plant currently under construction in the US state of Indiana, according to local reports. Starplus Energy, the battery manufacturing joint venture between global automaker Stellantis and South […]

Gold investors returning from their summer holidays will be eager to see whether the precious metal can sustain its record-breaking rally, or if it will succumb to the curse of September. Bullion has dropped every September since 2017. Over that period, the average decline has been 3.2% in September – easily the worst month of […]

Gold softened on Friday after the latest set of US inflation data matched expectations, but still kept above the $2,500 level with a September interest rate cut by the Federal Reserve likely around the corner. Spot gold was down 0.6% at $2,506.59 per ounce as of 11:20 a.m. ET, while US gold futures fell 0.9% […]

New car sales in the European Union rose 0.2% in July, slowed by declines in France and Germany, while battery-electric vehicles continued to lose market share, data from Europe’s auto industry body showed on Thursday. Improvements in the Belgian, Dutch and French electric-vehicle (EV) markets failed to offset a drop of almost 37% in Germany’s […]

Gold slid nearly 1% on Wednesday but remains above the key $2,500 level as traders await more clues later this week on the Federal Reserve’s rate cut path. Spot gold was down 0.9% at $2,501.87 per ounce by 1:10 p.m. ET, about $30 off its record high set last week. US gold futures fell 0.7% […]

BHP’s relationship with its Western Australian nickel operations has been something of an on-and-off affair. In 2014, Melbourne-based BHP excluded Nickel West from its South32 spin-off, created to house the company’s non-core assets. Today South32 is worth $9.5 billion, 50% more than on its debut, and senior management in Perth may well feel that in […]

Gold’s record-setting rally above $2,500 an ounce looks to have further to run as the Federal Reserve prepares to chop rates, traditional drivers such as lower yields return, and Western investors pile back in. “Everybody thought the Fed was going to be the last to cut, but now they’re getting in line,” said Jay Hatfield, […]