LONDON, Jan 15 (Reuters) – General Motors (GM.N), opens new tab has signed a multi-year, multi-billion dollar agreement for Norway’s Vianode to provide the U.S. automaker with synthetic graphite anode materials for its electric vehicle batteries, the companies said on Wednesday. The synthetic graphite will be used for EV batteries made by the Ultium Cells […]
Battery Metals
TMC shares surge as support for deep sea mining grows ahead of Trump presidency
Shares of The Metals Company (Nasdaq: TMC) surged 22% on Wednesday amid growing anticipation of support for deep sea mining under the incoming Trump administration. Last month, the House of Representatives passed its annual defense funding bill, which included a provision instructing the Secretary of Defense to conduct a feasibility study on processing minerals from […]
Gold price advances after 27% annual gain as traders eye US rate path
Gold climbed after notching its biggest annual gain since 2010, with the metal viewed as a haven asset benefiting as a risk-off mood swept through broader markets. Bullion rose as much as 1.3%, advancing alongside other precious metals. Last year’s 27% rally was driven by the Federal Reserve’s rate-cutting cycle, sustained haven demand and a […]
Iron ore price falls over 15% in 2024 on faltering China demand, high portside stocks
Iron ore futures ended 2024 with a drastic decline of more than 15% as faltering demand, thin steel margins and high portside stocks in top consumer China dragged prices of the key steelmaking ingredient lower. Prices rose on the day as sentiment was boosted by Chinese President Xi Jinping’s remark that this year’s gross domestic […]
Iron ore price falls over 15% in 2024 on faltering China demand, high portside stocks
Iron ore futures ended 2024 with a drastic decline of more than 15% as faltering demand, thin steel margins and high portside stocks in top consumer China dragged prices of the key steelmaking ingredient lower. Prices rose on the day as sentiment was boosted by Chinese President Xi Jinping’s remark that this year’s gross domestic […]
Gold’s 27% advance stands out in mixed year for metals markets
Gold is heading for one of its biggest annual gains this century, with a 27% advance that’s been fueled by US monetary easing, sustained geopolitical risks, and a wave of purchases by central banks. While bullion has ticked lower since Donald Trump’s sweeping victory in November’s US presidential election, its gains over 2024 still outstrip […]
