Canada orders three Chinese firms to exit critical minerals deals

Canada orders three Chinese firms to exit critical minerals deals

OTTAWA, Nov 2 (Reuters) – Canada’s government ordered three Chinese firms on Wednesday to divest their investments in Canadian critical minerals companies on grounds of national security. The three firms ordered to divest their investments are Sinomine (Hong Kong) Rare Metals Resources Co Ltd, Chengze Lithium International Ltd, also based in Hong Kong, and Zangge … Read more

Biden awards $2.8 billion to boost U.S. minerals output for EV batteries

Biden awards $2.8 billion to boost U.S. minerals output for EV batteries

WASHINGTON, Oct 19 (Reuters) – The Biden administration said on Wednesday it is awarding $2.8 billion in grants to boost U.S. production of electric vehicle batteries and the minerals used to build them, part of a bid to wean the country off supplies from China. Albemarle Corp (ALB.N) is among the 20 manufacturing and processing … Read more

EXCLUSIVE EU, U.S. step up Russian aluminium, nickel imports since Ukraine war

EXCLUSIVE EU, U.S. step up Russian aluminium, nickel imports since Ukraine war

Aluminium blocks are seen in Wagner Automotiv industry in Gradacac, Bosnia and Herzegovina February 8, 2022. REUTERS/Dado Ruvic/File Photo Register now for FREE unlimited access to Reuters.com Register EU, U.S. largely spared Russian metals sector from sanctions EU lifts Russian aluminium imports by 13% in March-June U.S. shipments of Russian nickel soar 70% in March-June … Read more

Europe braces for more cuts in Russian oil and gas exports

Europe braces for more cuts in Russian oil and gas exports

An interior view shows a new pumping station of the Caspian Pipeline Consortium (CPC) near the city of Atyrau, Kazakhstan October 12, 2017. REUTERS/Mariya Gordeyeva Register now for FREE unlimited access to Reuters.com Register CPC says two of three mooring points (SPM) suspended One SPM can handle less than 70% of terminal capacity – sources … Read more

Ford announces series of deals to accelerate EV push

Ford announces series of deals to accelerate EV push

Ford CEO Jim Farley attends the official launch of the all-new Ford F-150 Lightning electric pickup truck at the Ford Rouge Electric Vehicle Center in Dearborn, Michigan, U.S. April 26, 2022. REUTERS/Rebecca Cook/File Photo Register now for FREE unlimited access to Reuters.com Register DETROIT, July 21 (Reuters) – Ford Motor Co (F.N) on Thursday announced … Read more

South Korea hunts tungsten treasure in race for rare minerals

South Korea hunts tungsten treasure in race for rare minerals

S.Korean tungsten mine gets $100 million makeover Dozens of new mineral projects launched globally Green, digital booms fuel demand for rare minerals China is pre-eminent in critical minerals supply GRAPHIC-S.Korea’s reliance on China: SANGDONG, South Korea, May 9 (Reuters) – Blue tungsten winking from the walls of abandoned mine shafts, in a town that’s seen … Read more

SocGen sever Russia’s ties with the sale of Rosbank to oligarch Potanin

SocGen sever Russia’s ties with the sale of Rosbank to oligarch Potanin

PARIS, April 11 (Reuters) – French bank Societe Generale said on Monday it would leave Russia and take a € 3 billion ($ 3.3 billion) revenue cap by selling its Rosbank unit to Interros Capital, a company associated with the Russian oligarch Vladimir Potanin. Rosbank will once again join Potanin’s business empire, the 61-year-old leader … Read more

The London Metal Exchange bans some Russian metal from British department stores

The London Metal Exchange bans some Russian metal from British department stores

The offices of the London Metal Exchange are located in the City of London, UK, 18 January 2018 REUTERS / Peter Nicholls / File Photo Sign up now for FREE unlimited access to Reuters.com Sign up LONDON, April 1 (Reuters) – The London Metal Exchange suspended deliveries of some Russian-produced metals to their approved UK … Read more