Biden’s Electric-Vehicle Push Hits a Speed Bump

[ad_1] Mining projects are being delayed after a plunge in prices for metals used in batteries. [ad_2] Source link

MMG Plans to Buy Copper Mine in Africa for $1.88 Billion

[ad_1] Mining company MMG has agreed to buy a copper mine in Africa for an enterprise value of nearly $1.88 billion as part of an effort by the Chinese government-backed…

BHP Iron-Ore Train Drivers Plan Industrial Action From Friday

[ad_1] Train drivers at BHP Group’s Australian iron-ore operations intend to begin industrial action on Friday in a dispute over working conditions that risks disrupting supplies of the steel ingredient…

Bayer Told to Pay $1.56 Billion After Losing Roundup Case

[ad_1] Bayer faces a payout of $1.56 billion after a Missouri jury found in favor of three people who blamed its popular Roundup weedkiller for causing their cancers. The ruling…

Exxon Makes Lithium Play in Long-Term Bet on EV Demand

[ad_1] Exxon Mobil said Monday it is starting to drill for lithium in Arkansas and aims to become a major U.S. supplier for makers of electric-vehicle batteries by 2030.   The…

Solvay, Syensqo Set Financial Targets Ahead of Planned Split

[ad_1] Solvay and Syensqo outlined new financial targets ahead of their planned separation. EssentialCo, which will retain the Solvay name, said it is targeting for annual average organic underlying earnings…

Copper Market Slump Threatens Shift to Wind Power, Electric Cars

[ad_1] A prolonged slide in copper prices is challenging the world’s shift to renewable energy sources. Mining firms will need to dig up gigantic amounts of new copper over the…