A clean energy company is abandoning a plan to build a giant electric battery factory in Atlanta’s suburbs after it shifted to buy a solar panel plant in Texas. Freyr Battery told officials in Newnan on Thursday that it wouldn’t build a $2.6 billion plant that was supposed to hire more than 700 people, after […]
Battery Metals
Barrick’s gold reserves rise in 2024 on Reko Diq project
Canadian miner Barrick Gold’s (TSX: ABX) overall proven and probable gold reserves jumped 23% to 17.4 million ounces at the end of 2024, lifted by its Reko Diq copper-gold project, the company said on Thursday. The company added 13 million ounces of gold to its probable reserves on an attributable basis following the completion of […]
Gold price hits fresh record on haven demand
Gold pared gains from a new all-time high, as trade-war worries bolstered haven demand and there were continued signs of short-term tightness in the market. Bullion rallied as much as 1.4% to exceed $2,882.36 an ounce before paring some gains after Bloomberg reported that US allies expect President Donald Trump’s administration to present a long-awaited plan to […]
China hits back at US tariffs with mineral export curbs
China unveiled a series of retaliatory measures against the United States on Tuesday, including restrictions on the export of five critical metals used in defence, clean energy, and other industries. The move comes in response to President Trump’s announcement on Friday of a blanket 10% additional tariff on Chinese imports. Beijing’s new export controls target […]
Gold price rises to fresh record as Trump tariffs trigger haven demand
Gold rose to a new all-time high amid a rush to safer assets after US President Donald Trump imposed tariffs on Canada, Mexico and China, while threatening to do the same against the European Union. Bullion advanced as much as 1.2% to $2,830.74 an ounce, surpassing the previous record reached Friday, before paring gains after Trump […]
US aluminum industry urges Trump to exempt Canada from tariffs
The US aluminum industry called on President Donald Trump to exempt Canadian imports of the raw metal from his planned tariffs to help protect jobs and domestic manufacturers. Trump announced Saturday 25% tariffs on imports from Canada and Mexico and 10% from China. The US is heavily reliant on imported aluminum, which is used in […]
