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October 22, 2021

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REUTERS IMPACT China’s Huayou Cobalt seeks lithium as expands battery minerals portfolio

Reuters
Batteries for electric vehicles are manufactured at a factory in Dongguan, China September 20, 2017. REUTERS/Bobby Yip BEIJING, Sept 30 (Reuters) – Zhejiang Huayou Cobalt (603799.SS) is seeking to invest in lithium mining and processing, its executive vice chairman told Reuters, as China’s biggest cobalt refiner strives to expand its......

China power crunch slams factories as coal lobby warns woes could stay until winter

Reuters
SHENYANG, China, Sept 30 (Reuters) – Small firms caught in China’s prolonged energy crunch are turning to diesel generators, or simply shutting shop, as coal industry officials voiced fears about stockpiles ahead of winter and manufacturing shrank in the world’s no. 2 economy. Beijing is scrambling to deliver more coal......

EXCLUSIVE The king of oil bets on batteries for a green world

Reuters
Alex Beard, head of oil at trading firm Glencore, looks on during an interview in Tlalnepantla, state of Mexico, Mexico, August 17, 2017. REUTERS/Ginnette Riquelme/File Photo Beard’s fund to invest in UK battery storage Batteries can cushion shocks and help power trading UK facing energy crisis LONDON, Sept 30 (Reuters)......

In Arizona, Rio Tinto CEO seeks ‘win-win’ for Resolution copper project

Reuters
A sign adorns the building where mining company Rio Tinto has their office in Perth, Western Australia, November 19, 2015. REUTERS/David Gray Sept 29 (Reuters) – A key Native American leader in Arizona declined to meet Rio Tinto Plc’s (RIO.L)(RIO.AX) chief executive this week, the latest roadblock in the mining......

China scrambles to fix power crunch, tame runaway raw material markets

Reuters
BEIJING, Sept 24 (Reuters) – Roiled by widening power curbs that have disrupted industrial operations, Chinese commodity producers and manufacturers may finally be getting some relief. Beijing’s top economic planner, the National Development and Reform Commission, said on Friday it will work to resolve the power shortages that have plagued......

West African bloc resorts to sanctions over Guinea and Mali coups

Reuters
ACCRA, Sept 16 (Reuters) – West Africa’s main regional bloc on Thursday imposed sanctions against the junta in Guinea and those slowing Mali’s post-coup transition – its toughest response yet to a run of military takeovers. The move was agreed at an emergency summit of the Economic Community of West......

European stocks rise as travel shares jump on Ryanair forecast

Reuters
The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, September 15, 2021. REUTERS/Staff Travel & leisure stocks snap 4-day losing streak Continental slumps on Vitesco spin-off Weaker metal prices weigh on miners Sept 16 (Reuters) – European stocks rose on Thursday as travel......

Australia’s new US-UK security pact risks China trade

Reuters
A train loaded with iron ore travels towards the Rio Tinto Parker Point iron ore facility as an empty train leaves in Dampier at the Pilbarra region in western Australia April 20, 2011. REUTERS/Daniel Munoz//File Photo SYDNEY, Sept 16 (Reuters) – Australia’s new security pact with the United States and......

Biden to meet U.S. CEOs in ‘rallying cry’ for vaccine mandates

Reuters
WASHINGTON, Sept 15 (Reuters) – U.S. President Joe Biden was scheduled to meet on Wednesday with business leaders and CEOs, as he pushes companies to require workers to be vaccinated amid a surge in COVID-19 infections among those not yet inoculated. Biden last week announced vaccine mandates for all federal......

Turkey raises required reserve ratios for forex deposits

Reuters
Turkey’s Central Bank headquarters is seen in Ankara, Turkey in this January 24, 2014 file photo. REUTERS/Umit Bektas//File Photo ISTANBUL, Sept 15 (Reuters) – Turkey’s central bank said on Wednesday it raised the required reserve ratio for forex and precious metal deposits by 200 basis points, in a move economists......

BHP aims to have curbed emissions from steelmaking customers by 2050

Reuters
BHP’s logo is projected on a screen during a round-table meeting with journalists in Tokyo, Japan, June 5, 2017. REUTERS/Kim Kyung-Hoon/File Photo MELBOURNE, Sept 14 (Reuters) – BHP Group (BHP.AX) on Tuesday laid out its aim to achieve net zero emissions by 2050 from the operations of its customers by......

Regional envoys meet Guinea junta, ousted president after coup

Reuters
CONAKRY, Sept 10 (Reuters) – A delegation from West Africa’s main political and economic bloc on Friday met Guinea’s ousted president Alpha Conde and members of the junta that overthrew him, hoping to steer the country back toward a civilian-led, constitutional regime. Conde, who had been in power since 2010,......

Global crypto exchange CrossTower enters India despite policy uncertainty

Reuters
Representation of cryptocurrency Bitcoin is placed on PC motherboard in this illustration taken, June 29, 2021. REUTERS/Dado Ruvic/Illustration MUMBAI, Sept 6 (Reuters) – U.S.-headquartered digital currency exchange CrossTower has set up a local unit in India and launched a trading platform to capture the growing domestic crypto market even though......

South Africa’s rand rally comes to halt; stocks drop

Reuters
South African Rand coins are seen in this illustration picture taken October 28, 2020. REUTERS/Mike Hutchings/Illustration JOHANNESBURG, Sept 2 (Reuters) – A rally in the South African rand came to a halt on Thursday afternoon, as investors turned cautious ahead of a U.S. jobs report on Friday that could affect......

Brazil Supreme Court weighs landmark case on indigenous land rights

Reuters
BRASILIA, Sept 1 (Reuters) – Brazil’s Supreme Court on Wednesday heard arguments for and against a cut-off date for land claims that indigenous people say are vital for their survival, while the government advocated for legal certainty for farmers in the agricultural powerhouse. The top court weighed whether a state......

PRECIOUS Gold consolidates near one-month peak on cautious Fed

Reuters
Dollar index slips to two-week low UK markets closed for bank holiday European stocks near record highs Silver’s technical picture remains more fragile – analyst Aug 30 (Reuters) – Gold steadied near a four-week high on Monday, consolidating gains after the U.S. Federal Reserve chief Jerome Powell signalled interest rates......

‘Extremely dangerous’ Hurricane Ida knocks out more oil than Katrina

Reuters
Energy firms cut 1.6 million barrels, 59% of Gulf of Mexico oil Workers flee 90 offshore facilities; refiners cut production HOUSTON, Aug 27 (Reuters) – U.S. oil and gas companies on Friday cut more than 1.6 million barrels of oil production as a major storm churned toward oilfields that provide......

Rio Tinto yet to pay compensation over sacred site destruction

Reuters
A sign adorns the building where mining company Rio Tinto has their office in Perth, Western Australia, November 19, 2015. REUTERS/David Gray MELBOURNE, Aug 27 (Reuters) – Mining giant Rio Tinto (RIO.AX) is yet to pay compensation to the Aboriginal group whose ancient rock shelters it destroyed for an iron......

U.S. offshore oil workers flee as storm nears Gulf of Mexico

Reuters
A helicopter carrying evacuated workers from oil production platforms lands ahead of Tropical Storm Cristobal, at Bristow Galliano Heliport in Galliano, Louisiana, U.S. June 6, 2020. REUTERS/Jonathan Bachman/File Photo Louisiana urges residents to prepare for major hurricane Tropical Storm Ida expected to strike central Gulf Coast Oil companies moving staff,......

China’s CATL, Huayou eye 10% stakes in miner Jinchuan -sources

Reuters
A sign of Chinese battery maker Contemporary Amperex Technology Ltd (CATL) is seen on its building in Ningde, Fujian province, China August 8, 2018. Picture taken August 8, 2018. REUTERS/Stringer CATL submits HK$2 bln offer for 9.9% of Jinchuan Intl – sources Deal would value Chinese cobalt miner at around......

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