copper ore

Volkswagen and Jeep maker Stellantis are each committing $100 million in a complicated transaction that will create a publicly traded mining company producing nickel and copper. Volkswagen and Jeep maker Stellantis are each committing $100 million in a complicated transaction that will create a publicly traded mining company producing nickel and copper. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each…

Bill Gates and other tech-industry investors are backing AI-powered startup KoBold Metals. Bill Gates and other tech-industry investors are backing AI-powered startup KoBold Metals. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and…

Newmont’s $17.5 billion recommended takeover of Australia’s Newcrest boosts its exposure to a key metal in the energy transition. Newmont’s $17.5 billion recommended takeover of Australia’s Newcrest boosts its exposure to a key metal in the energy transition. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful…

Mining companies are back at the deals table as they battle for control of commodities essential for making electric cars and renewable-energy infrastructure. The world’s largest miner is set to seal its biggest deal in more than a decade. An American gold giant is seeking to acquire an Australian rival that is rich in copper. And a Swiss commodities company has made two proposals to combine with a century-old Canadian competitor. Mining companies are back at the deals table as they…

Metal markets seem to think copper is the new lithium. A lack of new mining activity has added to worries that there won’t be enough of the red metal for the energy transition, a popular topic at this week’s World Copper Conference in Santiago, Chile.South America currently dominates copper production and Chile is the largest mined producer. Increasing mine output has proved a challenge, prompting a wave of deal making in the industry and warnings of a serious supply shortfall over the next decade.…

BHP Group Ltd. , the world’s biggest miner by market value, is close to completing its biggest acquisition since 2011 with copper-and-gold miner OZ Minerals Ltd. recommending its shareholders vote in favor of the more-than $6 billion bid. Two months ago, Rio Tinto RIO 0.06% PLC bought out minority shareholders in Canada-listed Turquoise Hill Resources in a $3.1 billion deal to get more exposure to a giant…

The Biden administration moved Thursday to block mining upstream of the Boundary Waters Canoe Area of Northern Minnesota for 20 years, opting to protect a pristine wilderness over allowing production of minerals that could help fuel a potentially cleaner future. The administration last year canceled two federal mineral rights leases held by Twin Metals Minnesota LLC, a unit of Chilean mining firm Antofagasta Minerals SA . The latest move could kill the…

ADELAIDE, Australia— BHP Group Ltd. BHP -0.14% raised its offer for OZ Minerals Ltd. to value the Australian miner at $6.34 billion, as it seeks to produce more copper and nickel needed for electric vehicles, wind turbines and solar farms.OZ Minerals said it intends to recommend shareholders vote in favor of BHP’s revised offer of 28.25 Australian dollars, the equivalent of about $18.90, a share. A completed deal would represent BHP’s largest acquisition since 2011 when…

ADELAIDE, Australia—Copper miner Oz Minerals Ltd. OZL 35.25% rejected a takeover approach by BHP Group Ltd. BHP 2.39% , which is seeking to boost its output of a metal needed for electric vehicles, wind turbines and solar farms.Adelaide-based Oz Minerals said Monday it had received a proposal on Friday from BHP to buy the company for 25 Australian dollars a share. That price, equivalent to about $17 a share, values the…

Growing fears of a recession in the U.S. stand to further push down mortgage rates. Photo: Jeremy Erickson/Bloomberg News…