Sunday, 19 January 2025

Focus on Critical Minerals

FILE PHOTO: Technicians from the Orocobre mining company work on an evaporation pond test in the salt flat at Olaroz, 4,000 meters (13,123 feet) above sea level and north of the Argentine province of San Salvador de Jujuy August 7, 2010.  Orocobre's assets are now part of Arcadium Lithium, which global miner Rio Tinto wants to buy.  Picture taken on August 7, 2010. REUTERS/Enrique Marcarian/File Photo
AnalysisBusinessCritical MineralsElectric Vehicles (EVs)IndustryManufacturingMiningSolarStorageTrade

Arcadium deal could power Rio Tinto’s entry into lithium supplier big league

Rio Tinto eyes Arcadium Lithium acquisition to become the third-largest lithium producer amid growing EV demand and competition.

FILE PHOTO: A view of a lithium mine in Yichun, Jiangxi province, China March 30, 2023. REUTERS/Staff/File Photo
AnalysisBusinessCritical MineralsEconomyElectric Vehicles (EVs)IndustryLegislationManufacturingMiningNewsPoliticsRegulationsSolarStorageTrade

China is oversupplying lithium to eliminate rivals, US official says

Chinese lithium overproduction causes an 80 per cent price drop, impacting global competition and hindering supply chain diversification.

FILE PHOTO: An employee walks past the logo of LG Energy Solution at its office building in Seoul, South Korea, November 23, 2021. Picture taken November 23, 2021. REUTERS/Kim Hong-Ji/FIle Photo
BusinessCritical MineralsElectric Vehicles (EVs)IndustryManufacturingNews

LG Energy Solution to supply EV batteries to Mercedes-Benz affiliate in North America

LGES signed a deal to supply EV batteries to a Mercedes affiliate, boosting shares 5.7 per cent despite forecasting lower profits.

FILE PHOTO: A prospector sorts gold particles found at gold mine in Walungu territory of South Kivu, Democratic Republic of the Congo, May 10, 2014. REUTERS/Kenny Katombe/File Photo
Critical MineralsLegislationMiningNewsPoliticsRegulationsTrade

US rules on conflict minerals have not reduced violence in Congo, GAO says

A U.S. watchdog found no evidence that the SEC's 2012 conflict minerals rule has reduced violence in eastern Congo.

The Hudbay Minerals Inc. logo is shown in a handout.
Hudbay Minerals Inc. has reached settlement agreements covering three civil lawsuits in connection with the Fenix nickel project in Guatemala that the company sold in 2011.THE CANADIAN PRESS/HO
BusinessCourtsCritical MineralsIndigenousMiningNews

Hudbay Minerals settles civil lawsuits regarding former operations in Guatemala

Hudbay Minerals Inc. has settled three lawsuits linked to its former Fenix nickel project in Guatemala, involving 13 plaintiffs, without admitting liability.

A worker checks copper wires in Vietnam August 11, 2017. REUTERS/Kham/File Photo
BusinessCritical MineralsElectric Vehicles (EVs)News

Copper demand for electric vehicles is intact, trader IXM says

Copper demand in EVs remains strong despite slower sales. Still, forecasting is tricky due to evolving market variables, says trader IXM.

FILE PHOTO: The Samsung logo is pictured during the inauguration of the Samsung Galaxy innovation space on the Champs-Elysees avenue in Paris, France, April 29, 2024. REUTERS/Benoit Tessier/File Photo
BusinessCritical MineralsElectric Vehicles (EVs)IndustryManufacturingNews

Samsung Electronics says it is not interested in spinning off foundry business

Samsung Electronics has no plans to spin off its contract chip manufacturing or logic chip design businesses, despite significant losses.

FILE PHOTO: Rio Tinto logo is seen displayed in this illustration taken April 10, 2023. REUTERS/Dado Ruvic/Illustration/File Photo
BusinessCritical MineralsElectric Vehicles (EVs)MiningNews

Lithium miner Arcadium confirms Rio Tinto takeover approach

Rio Tinto eyes Arcadium acquisition, seeking to expand lithium footprint amid price slump, with deal valued up to $6 billion.

FILE PHOTO: Rio Tinto logo is seen displayed in this illustration taken April 10, 2023. REUTERS/Dado Ruvic/Illustration/File Photo
BusinessCritical MineralsElectric Vehicles (EVs)MiningNewsSolarStorage

Rio Tinto in talks to buy lithium miner Arcadium, sources say

Rio Tinto eyes $4-6 billion Arcadium takeover to secure lithium, positioning as the third-largest EV battery metal producer.

Yun B. Choi, Chairman of Korea Zinc board answers questions from the media during a press conference in Seoul, South Korea, October 4, 2024.   Yonhap via REUTERS
BusinessCritical MineralsElectric Vehicles (EVs)ManufacturingNewsRegulations

Private equity firm MBK, Young Poong raise Korea Zinc tender offer to $1.88 billion

MBK and Young Poong raise bid to 830,000 won per share in takeover battle for Korea Zinc, crucial for EV and tech supply...

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