Goldman Sachs, Macquarie, and some hedge funds have boosted physical trading and options trades in uranium amid soaring prices, as many countries look to increase nuclear power generation to meet their climate goals while reducing the need of fossil fuel imports.
Goldman Sachs Boosts Physical Uranium Trades Amid Soaring Prices Read More »
KoBold Metals, backed by a coalition of billionaires including Bill Gates and Jeff Bezos, has launched a four-continent search for deposits of lithium, the coveted metal used in batteries that power electric vehicles and high-tech devices.
Gates, Bezos-backed KoBold Metals in four continent quest for lithium Read More »
Chile is targeting an acceleration of its nascent copper-production recovery over the coming years in what would help fill a predicted supply gap as the energy transition spurs demand for the wiring metal.
Chile targets million-tonne copper boost in tightening market Read More »
Tesla’s decision to set up its electric-vehicle facilities in neighbouring Malaysia was a blow to Indonesia’s efforts to lure investments for building an end-to-end EV supply chain ecosystem.
The lithium industry needs to invest $116 billion by 2030 if the world is to meet the ambitions targets set by governments and the largest automakers, according to a Benchmark analysis.
Lithium industry needs over $116 billion to meet automaker and policy targets by 2030 Read More »
(Bloomberg) — The Chairman of the House Africa subcommittee, Representative John James of Michigan, introduced a bill requiring the creation of a US national strategy to secure supply chains of critical minerals from Democratic Republic of Congo.
US Bill Aims to Counter China Control of Congo Critical Minerals Read More »
Apple is eyeing a 2025 deadline to use 100% recycled cobalt in all Apple-designed batteries.
Also by then, the company wants the magnets in its devices to use entirely recycled rare-Earth elements, and Apple-designed printed circuit boards to use 100% recycled tin soldering and 100% recycled gold plating.
Apple Batteries to Use 100% Recycled Cobalt by 2025 Read More »
The Aramco logo is displayed on a smartphone screen. Sopa Images | Lightrocket | Getty Images Saudi Arabia’s state-controlled oil giant Aramco posted a record net income of $161.1 billion for 2022, up by 46.5 percent over the year. “This is probably the highest net income ever recorded in the corporate world,” Aramco CEO Amin
Saudi oil giant Aramco posts record $161 billion profit for 2022 Read More »
We hear a lot of the technological dangers to our planet – oil, gas, coal, concrete, plastics, the list goes on – but what of the technological solutions? Lithium, an unremarkable silvery grey in appearance and a harsh metallic to the taste, is a part of that conversation. In fact, if we assume that the biggest technological bottle-neck for the all-electric transition is batteries, you could say it’s the most important part of it.
Who will win the lithium race? Read More »
Glencore’s profits more than doubled to a record in the first half of the year, cementing the group’s status as one of the biggest winners from the turmoil in commodity markets unleashed by the war in Ukraine.
Glencore posts record $18.9bn profit as coal enjoys a renaissance Read More »
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