State-owned PTT Global Chemical Plc (PTTGC) aims to boost its overseas investment portfolio to above 50% of total capital expenditure by 2030, up from 30%, to reduce its reliance on domestic oil supply and invest in lucrative foreign markets.
TOKYO: As Japan's construction firms are squeezed by the tightest labour market since the 1970s and a rapidly ageing population, they are pouring investment into technology - and providing unexpected support to an economy reeling from the bitter US-China trade war. The industry sees artificial ...
Cobalt supply will remain robust despite a price slide that has already led to the closure of a major mine, Russia's Norilsk Nickel said, as most is produced as a byproduct of more buoyant metals like nickel and copper. Prices of the battery metal sur...
A geothermal power company says it can make California's Salton Sea the first major source of U.S. lithium production. : Gaze across the Salton Sea, a sparkling oasis in the California desert, and you'll see white plumes of steam rising against the hazy Chocolate Mountains. The steam comes from 11 geothermal power plants, nestled between the accidental lake and the verdant farm fields of the Imperial Valley. The area has been churning out climate-friendly geothermal energy since the 1980s, long before solar panels and wind turbines became cheap and abundant.
(Kitco News) - Fundamental rethink needed. : The U.S. senate was told that China dominates the supply chain for many metals that are necessary for the digital economy. Allison Carlson, acting managing director for the Foreign Policy Group, gave testimony at the U.S. Senate Committee on Energy and Natural Resources. China has a strategic objective to secure other countries' mineral reserves, even those where it is already dominant, said Carlson. "The fall in metal commodities prices from 2011 to 2015 left many mining companies around the world desperate for capital," said Carlson in her testimony.
Hector Rail Group, a portfolio company of EQT Infrastructure, has agreed to sell GB Railfreight to Infracapital. No financial terms were disclosed. UK-based GB Railfreight is a rail freight operator. Simpson [...]
Mining industry in India is still the highest taxed in the world despite the government's decision to slash corporate tax rate, mining body FIMI said on Monday. While addressing the media here, FIMI Vice President Rajib Lochan Mohanty said there was a need for rationalising the taxation structure in mining sector for sustainable development and deriving long-term benefits in terms of sustained raw material security for industries.
FIMI Vice President Rajib Lochan Mohanty said there was a need for rationalising the taxation structure in mining sector for sustainable development and deriving long-term benefits in terms of sustained raw material security for industries.
A new study says metals consumption for battery electric vehicles will rise sixfold by the mid-2020s. : Hardly three years ago expectations of a demand boom for battery materials used in electric vehicles (EVs) and energy storage reignited interest in the mining sector as the China-induced supercycle in commodities demand started levelling off. Prices for lithium and cobalt soared (only to fall back again). Same for vanadium. Graphite and rare earth prices made a comeback. Nickel, where EV-related demand is still tiny, was caught up in the euphoria, and the primarily steelmaking metal is holding onto those gains and more.